Amica (AMC) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was PLN 556.2m, down 1.9% year-over-year, with net profit of PLN 4.2m compared to a net loss of PLN 6.7m in Q1 2025.

• Gross margin improved to 28.3% from 26.0% year-over-year, driven by cost efficiency and portfolio optimization.

• EBITDA margin rose to 4.9% from 3.2% year-over-year, with EBITDA at PLN 27.0m, up 46.7%.

• Net debt decreased to PLN 86.2m from PLN 139.5m, reflecting improved cash management.

• The group maintained a stable financial position, with a current ratio of 1.47 and total equity at PLN 1,070.8m.

Financial highlights

• Operating profit (EBIT) reached PLN 11.9m, up from PLN 3.1m year-over-year.

• Cash and equivalents at period end were PLN 132.9m, up 27.5% year-over-year.

• Net cash from operating activities improved to PLN -6.3m from PLN -26.0m year-over-year.

• Capital expenditures totaled PLN 12.1m in Q1 2026.

Outlook and guidance

• Strategic targets for 2024-2027 include EBITDA margin of 5% and gross margin of 25%.

• No financial forecasts published for the period.