Digital Network (DIG) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached PLN 42.9m, up 179% year-over-year, driven by the first full quarter of Braughman Group Media Outdoor consolidation.

• Operating profit rose 137% to PLN 13.0m, EBITDA increased 165% to PLN 22.6m, and net profit grew 40% to PLN 7.0m year-over-year.

• The integration of Braughman Group Media Outdoor expanded the scale and product offering, enhancing synergies and market position.

• A new, integrated product offering was launched in January 2026, combining digital and large-format outdoor advertising.

• The board recommended a dividend of PLN 4.46 per share for 2025, reflecting strong cash flows and a stable dividend policy.

Financial highlights

• Q1 2026 revenue: PLN 42.9m (Q1 2025: PLN 15.4m); operating profit: PLN 13.0m (Q1 2025: PLN 5.5m); net profit: PLN 7.0m (Q1 2025: PLN 5.0m).

• EBITDA margin: 53% (down 3 p.p. year-over-year); net margin: 16% (down 17 p.p. year-over-year).

• Cash flow from operations: PLN 16.3m; net cash outflow: PLN -1.4m due to investment and financing activities.

• Equity at March 31, 2026: PLN 114.1m; total assets: PLN 355.7m.

• Significant increase in financial costs due to debt for acquisition financing.

Outlook and guidance

• Full effectiveness of the new integrated offer expected in subsequent quarters as synergies deepen.

• The board expects continued high cash generation and further reduction of debt.

• No formal guidance for 2026 published.