Hortico (HOR) Q1 2025 earnings summary

Executive summary

• Consolidated sales revenue for Q1 2025 reached 59.97 million PLN, up 4.6% year-over-year, driven mainly by increased sales in Mrówka markets.

• EBITDA was 9.84 million PLN, EBIT 9.02 million PLN, and net profit 7.03 million PLN, all slightly lower than Q1 2024 but still considered strong by management.

• The group’s financial position remains stable, with a strong equity base and low leverage.

Financial highlights

• Revenue increased to 59.97 million PLN from 57.36 million PLN year-over-year.

• EBITDA decreased by 8.1% to 9.84 million PLN; EBIT fell by 10% to 9.02 million PLN.

• Net profit dropped 12.5% to 7.03 million PLN.

• Total assets rose to 139.4 million PLN, up 0.6% year-over-year.

• Equity increased by 8.6% to 75.7 million PLN.

Outlook and guidance

• Management views the current results as solid and expects continued stable development, emphasizing diversified business lines as a key growth driver.