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Pkp Cargo (PKP) investor relations material
Pkp Cargo Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was PLN 646.1 million, down from PLN 672.0 million year-over-year.
Net loss for Q1 2026 was PLN 61.9 million, compared to a net loss of PLN 44.2 million in Q1 2025.
The company remains under restructuring as of the reporting period.
Financial highlights
EBITDA for Q1 2026 was PLN 24.8 million, down from PLN 50.3 million year-over-year.
EBIT for Q1 2026 was negative PLN 64.5 million, compared to negative PLN 20.0 million in Q1 2025.
Earnings per share for Q1 2026 was negative PLN 1.38, compared to negative PLN 0.99 in Q1 2025.
Total assets as of March 31, 2026, were PLN 5,573.1 million, nearly unchanged from December 31, 2025.
Cash and equivalents at quarter-end were PLN 174.0 million, down from PLN 190.9 million at year-end 2025.
Capital allocation and financing
Net cash from operating activities was PLN 52.7 million in Q1 2026, up from PLN 47.2 million year-over-year.
Net cash used in investing activities was PLN 18.8 million, with significant proceeds from asset and subsidiary sales.
Net cash used in financing activities was PLN 51.3 million, reflecting repayments of leases and loans.
- Profitability restored in 2025 as restructuring, cost cuts, and asset sales drove recovery.PKP
Q4 202528 Apr 2026 - EBIT and EBITDA turned positive as losses narrowed, driven by deep cost cuts and restructuring.PKP
Q3 202526 Jan 2026 - 2024 saw PKP CARGO's deep losses, restructuring, and auditor uncertainty amid a shrinking market.PKP
Q4 202417 Nov 2025 - Net loss of PLN 48.6 million in Q1 2025 amid restructuring and liquidity challenges.PKP
Q1 202517 Nov 2025 - Restructuring cut costs, drove asset sales, and shifted focus to intermodal transport.PKP
Q2 20256 Oct 2025 - Deep net loss and revenue drop amid restructuring and weak market demand.PKP
Q3 202413 Jun 2025 - Net loss and falling volumes led to restructuring, layoffs, and asset sales.PKP
Q2 202413 Jun 2025
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