Hortico (HOR) Q4 2025 earnings summary

Executive summary

• Consolidated sales revenue exceeded PLN 200 million for the first time, reaching nearly PLN 205.9 million in 2025, with improved profitability and high returns on assets (9.9%) and equity (over 19.2%).

• All group companies reported profits; dividend payments from subsidiaries to the parent company were initiated, totaling PLN 1.4 million.

• Expansion included two new retail stores, aligning with market trends and the strategy to increase this segment's share in revenues.

• PNOS subsidiary achieved strong results despite product complaints, leading to contract termination and legal action against a supplier.

• Proposed dividend for 2025 is PLN 0.29 per share.

Financial highlights

• Group EBITDA: PLN 21.84 million; operating profit: PLN 19.11 million; net profit: PLN 15.38 million.

• Parent company sales: PLN 153.7 million; net profit: PLN 3.83 million.

• PNOS sales: PLN 47.4 million; net profit: PLN 10.35 million.

• OGROFOL sales: PLN 9.1 million; net profit: PLN 0.38 million.

• Total assets at year-end: PLN 98.6 million; equity: PLN 40.8 million.

Outlook and guidance

• Continued focus on systematic growth and annual dividend payments.

• Ongoing search for acquisition opportunities, especially in retail expansion.

• Expectation of sustained dividend flows from subsidiaries to strengthen shareholder returns.