Cyfrowy Polsat (CPS) Q1 2026 earnings summary

Executive summary

• Q1 2026 delivered strong results, with consolidated revenue up 3.0% YoY to PLN 3,635.0 million, reflecting strategic decisions, management restructuring, and new partnerships.

• Net profit increased 54.1% YoY to PLN 134 million, and adjusted EBITDA rose 4.7% YoY to PLN 847 million.

• Strategic investments included exclusive sports broadcasting rights and a partnership with kanał Zero.

• The multiplay offering drove ARPU growth and customer base expansion, with 28% of customers migrated to new bundled offers.

• Green energy production and EBITDA surged due to new wind farm capacity.

Financial highlights

• Revenue rose 3.0% YoY to PLN 3.6 billion in Q1 2026.

• Adjusted EBITDA increased 4.7% YoY to PLN 847 million.

• Net profit grew 54.1% YoY to PLN 134 million.

• ARPU per B2C customer up 5.8% YoY to PLN 82.2.

• LTM FCF after interest up 62.6% YoY to PLN 1,197 million.

Outlook and guidance

• Strategic asset review underway, with a long-term strategy to be announced by end-2026, including measurable targets for telecom, media, green energy, and real estate.

• Continued focus on cost-efficient 5G rollout and further optimization of network resources, including planned 3G shutdown by end-2026.

• Ongoing expansion of the 5G network and investments in content and sports rights are expected to support future growth.

• The Management Board assesses the operational outlook as stable, despite macroeconomic and geopolitical uncertainties.