Hortico (HOR) Q2 2025 earnings summary

Executive summary

• Consolidated sales revenue for H1 2025 reached 117.44 mln PLN, up 2.5% year-over-year, with Q2 revenue at 57.47 mln PLN, a 0.5% increase from Q2 2024.

• EBITDA for H1 2025 was 17.01 mln PLN, down 8% year-over-year; Q2 EBITDA was 7.17 mln PLN, down 8% from Q2 2024.

• Net profit for H1 2025 was 12.22 mln PLN, a 10.7% decrease year-over-year; Q2 net profit was 5.19 mln PLN, down 8.1% from Q2 2024.

• Profitability ratios remain attractive, with net margin at 10.41% and ROE at 15.91% for H1 2025.

• The Group maintains a strong balance sheet, with low leverage and high equity, supporting dividend payments and acquisitions.

Financial highlights

• H1 2025 consolidated revenue: 117.44 mln PLN (+2.5% y/y); Q2: 57.47 mln PLN (+0.5% y/y).

• H1 2025 EBITDA: 17.01 mln PLN (-8% y/y); Q2: 7.17 mln PLN (-8% y/y).

• H1 2025 EBIT: 15.54 mln PLN (-8.7% y/y); Q2: 6.52 mln PLN (-6.9% y/y).

• H1 2025 net profit: 12.22 mln PLN (-10.7% y/y); Q2: 5.19 mln PLN (-8.1% y/y).

• H1 2025 total assets: 122.76 mln PLN (+2.8% y/y); equity: 76.82 mln PLN (+10.3% y/y).

Outlook and guidance

• The Group's key goal for the coming months is to increase sales revenue.

• Financial position and balance sheet structure are considered strong, enabling further dividend payments and acquisitions.