Fabryka Farb i Lakierów Sniezka (SKA) Q4 2025 earnings summary

Executive summary

• Strengthened position as a leader in the Polish decorative paint market despite challenging Central and Eastern European conditions.

• Sales outperformed the market with revenue of 772.5 million PLN in 2025, a 3.2% year-over-year decline.

• Net profit increased by 2.5% year-over-year to 73.9 million PLN, demonstrating business model resilience.

• EBITDA rose by 0.6% year-over-year to 143.7 million PLN, with an EBITDA margin of 18.6%.

• Record dividend of 65.0 million PLN recommended for 2025.

Financial highlights

• Revenue: 772.5 million PLN (-3.2% year-over-year).

• EBITDA: 143.7 million PLN (+0.6% year-over-year), margin 18.6%.

• Net profit: 73.9 million PLN (+2.5% year-over-year).

• Gross margin: 51.1% (+1.8 p.p. year-over-year).

• Net debt/EBITDA: 0.9x, reflecting a significant reduction in leverage.

Outlook and guidance

• Strategic goals revised to 2030: net revenue target of 1.1 billion PLN, EBITDA margin of 18%, and market share above 20% in key markets.

• Continued focus on ESG improvements and employee engagement.