Enter Air (ENT) Q1 2026 earnings summary

Executive summary

• Net sales revenue for Q1 2026 reached 482,418 thousand PLN, up 3.7% year-over-year, driven by a 9% increase in flight operations volume.

• The group reported a net loss of 158,645 thousand PLN for Q1 2026, compared to a net profit of 27,090 thousand PLN in Q1 2025.

• The loss was mainly due to higher amortization, increased technical maintenance costs, and negative financial results from derivatives and currency differences.

Financial highlights

• Gross loss on sales was 35,604 thousand PLN, compared to a loss of 14,835 thousand PLN in Q1 2025.

• Operating loss increased to 51,216 thousand PLN from 33,497 thousand PLN year-over-year.

• Net cash outflow from operating activities was 73,960 thousand PLN, with total net cash outflow of 121,072 thousand PLN.

• Cash and cash equivalents at quarter-end were 126,591 thousand PLN, down from 245,662 thousand PLN at year-end 2025.

• Basic and diluted loss per share was (9.05) PLN, compared to earnings of 1.54 PLN per share in Q1 2025.

Outlook and guidance

• No significant changes in the group’s ability to meet obligations are anticipated; the group maintains sufficient liquidity for at least 12 months.

• No material factors are expected to impact results in the next quarter.