Grupa RECYKL (GRC) Q1 2025 earnings summary

Executive summary

• Consolidated sales revenue rose by 3.5% year-over-year in Q1 2025, driven by higher volumes and prices in core segments.

• Operating costs increased by 9.4% year-over-year, outpacing revenue growth and leading to a 62.4% drop in profit from sales.

• EBITDA fell 26.6% and net profit declined 76.4% year-over-year, impacted by one-off acquisition costs and higher financing expenses.

• Strategic acquisition of Lithuania's APG completed, expanding market reach and securing raw material supply.

Financial highlights

• Consolidated revenue: 31.58m PLN (+3.5% y/y); EBITDA: 3.88m PLN (-26.6% y/y); Net profit: 0.34m PLN (-76.4% y/y).

• Operating profit: 1.64m PLN (-48.9% y/y); Gross profit: 0.84m PLN (-55.1% y/y).

• Cash at period end: 5.29m PLN (vs. 2.47m PLN a year earlier).

• Equity: 68.6m PLN; total assets: 216.0m PLN.

Outlook and guidance

• No formal financial forecasts published for 2025.

• Management expects consolidation of APG to support future revenue and profit growth.

• Ongoing investments in energy independence and product innovation to mitigate cost pressures.