Hortico (HOR) Q2 2026 earnings summary

Executive summary

• Sales revenue for H1 2026 reached 132.76 million PLN, up 13% year-over-year, driven by market expansion and acquisitions in the Mrówka segment.

• EBITDA for H1 2026 was 16.23 million PLN, down 4.6% year-over-year, while EBIT was 14.64 million PLN, down 5.8% year-over-year.

• Net profit for H1 2026 was 11.41 million PLN, a decrease of 6.6% year-over-year, but Q2 2026 saw a 4.7% year-over-year increase in net profit to 5.44 million PLN.

• Q2 2026 sales revenue rose 18.7% year-over-year to 68.18 million PLN, with EBITDA up 8.2% and EBIT up 7.6% year-over-year.

• Group assets increased to 150 million PLN, up 22.2% from the previous year, reflecting business growth and acquisitions.

Financial highlights

• H1 2026 sales revenue: 132.76 million PLN (+13% y/y); Q2 2026: 68.18 million PLN (+18.7% y/y).

• H1 2026 EBITDA: 16.23 million PLN (-4.6% y/y); Q2 2026: 7.76 million PLN (+8.2% y/y).

• H1 2026 EBIT: 14.64 million PLN (-5.8% y/y); Q2 2026: 7.01 million PLN (+7.6% y/y).

• H1 2026 net profit: 11.41 million PLN (-6.6% y/y); Q2 2026: 5.44 million PLN (+4.7% y/y).

• Gross margin for H1 2026 was approximately 33.9%.

Outlook and guidance

• No financial forecasts were published for 2026.

• Management assesses the financial position and balance sheet structure as strong, with continued focus on market expansion and operational efficiency.