Hortico (HOR) Q1 2026 earnings summary

Executive summary

• Consolidated sales revenue for Q1 2026 reached PLN 64.58 million, up 7.7% year-over-year, driven by increased market presence and acquisitions in the Mrówka segment and profi operations.

• EBITDA was PLN 8.46 million, EBIT PLN 7.63 million, and net profit PLN 5.98 million, all showing declines of 13.9–15% compared to Q1 2025.

• Asset base expanded to PLN 165.36 million, with equity at PLN 85.41 million and a strong balance sheet structure.

Financial highlights

• Sales revenue increased by 7.7% year-over-year to PLN 64.58 million.

• EBITDA fell 13.9% to PLN 8.46 million; EBIT dropped 15.4% to PLN 7.63 million.

• Net profit decreased 15% year-over-year to PLN 5.98 million.

• Gross margin on sales was approximately 35.5%.

• Total assets rose 18.6% to PLN 165.36 million.

Outlook and guidance

• No financial forecasts for 2026 were published.

• Management assesses the financial position and balance sheet structure as strong and stable.