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Shoper (SHO) investor relations material
Shoper Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Leadership team includes CTO, director of R&D, and head of AI product for shopper segment.
Achieved faster growth than competitors, with record turnover and high profitability maintained year-over-year.
Revenue for the nine months ended 30 September 2025 increased by 15% year-over-year to PLN 158.3 million, with adjusted EBITDA up 24% to PLN 57.4 million and net profit up 25% to PLN 29.5 million.
Store GMV rose 10% to PLN 8.5 billion, while Omnichannel GMV surged 43% to PLN 14.5 billion, reflecting strong e-commerce market growth.
The Group completed the acquisition of the remaining shares in Apilo and Sempire, consolidating full control and supporting strategic expansion.
Financial highlights
Q3 2025 revenue rose 12% year-over-year to PLN 52.9m; adjusted EBITDA up 25% to PLN 19.4m.
9M 2025 revenue increased 15% year-over-year to PLN 158.3m; adjusted EBITDA up 24% to PLN 57.4m.
Adjusted net profit for Q3 2025 was PLN 11.3m (+26% y/y); for 9M 2025, PLN 33.6m (+24% y/y).
Operating profit margin improved to 24% from 22% year-over-year; net margin increased to 19% from 17%.
Net cash from operating activities rose 22% to PLN 51.1m; cash and cash equivalents decreased by PLN 7.9m due to dividend and acquisition payments.
Outlook and guidance
Optimistic outlook for 2025, driven by AI implementation, new product strategies, and SaaS e-commerce adoption.
Management expects continued growth, with Q4 typically stronger due to seasonality.
The Group’s performance will be influenced by the integration of Apilo and Sempire, and the closure of the incentive scheme.
Sempire acquisition: Final consideration?
Selium impairment: What caused it?
Workforce reduction: What caused it?
Scope of Shopper's AI product initiatives
CyberForks' technology strategy
Shopper's R&D priorities
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Q4 202528 Mar, 2026
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Frequently asked questions
Shoper S.A. is a Poland-based company specializing in e-commerce solutions. The company provides a cloud-based platform that enables businesses to create and manage online stores, offering tools for website design, product management, payment integration, and marketing. Shoper’s services cater to small and medium-sized enterprises, supporting various industries with customizable e-commerce solutions. The company also offers additional services such as SEO optimization, logistics support, and customer service tools. Shoper S.A. is headquartered in Kraków, Poland, and its shares are listed on the Warsaw Stock Exchange (WSE).
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