Grupa RECYKL (GRC) Q3 2025 earnings summary

Executive summary

• Consolidated sales revenue for Q3 2025 increased by 2.9% year-over-year, with a 6.8% rise for the nine-month period.

• EBITDA grew by 15.1% year-over-year in Q3, while net profit rose by 16.8% compared to Q3 2024.

• The group completed the acquisition of Lithuania's APG, expanding its market presence in the Baltics and CEE.

• Strategic investments and integration of APG contributed to higher service revenues and operational scale.

Financial highlights

• Q3 2025 consolidated revenue: 37.1m PLN (up 2.9% YoY); net profit: 4.0m PLN (up 16.8% YoY).

• EBITDA for Q3: 8.4m PLN (up 15.1% YoY); EBIT: 6.1m PLN (up 19.2% YoY).

• Nine-month revenue: 107.5m PLN (up 6.8% YoY); nine-month net profit: 8.9m PLN (down 9.0% YoY).

• Main revenue drivers: increased recycling and collection services, offsetting lower product sales.

Outlook and guidance

• Management remains positive on results despite challenging market conditions and geopolitical risks.

• No formal financial forecasts published for 2025.

• Ongoing focus on expanding collection network, product innovation, and energy independence.