Inter Cars (CAR) Q3 2025 earnings summary

Executive summary

• Achieved leading market positions in CEE for passenger car parts and in Europe for commercial vehicle parts, with presence in 20 countries and a robust distribution network.

• Consolidated sales revenues for the first nine months of 2025 increased by 8.4% year-over-year, with Q3 2025 sales up 10.1% compared to Q3 2024.

• Export sales rose 12.6% year-over-year, with foreign subsidiaries contributing over 15% growth and 19 new branches opened in the last 12 months.

• The Polish market accounted for approximately 38% of total revenues, remaining the core market.

• Demonstrated strong, sustainable growth with a 16.3% CAGR in both sales and EBITDA from 2013 to LTM September 2025.

Financial highlights

• Sales for 3Q2025 reached €1,268 million, up 10.5% year-over-year; YTD 3Q2025 sales totaled €3,665 million, a 10.1% increase.

• Sales revenues for 9M 2025: PLN 15,527 million (up from PLN 14,318 million in 9M 2024).

• EBITDA for 9M 2025: PLN 1,055 million (6.8% margin), up from PLN 946 million (6.6%) in 9M 2024.

• Operating cash flow for 3Q2025 was PLN 547 million, up PLN 121 million year-over-year.

• Inventory at 30 September 2025: PLN 5,806 million, up 12% year-over-year.

Outlook and guidance

• Focus on continued organic growth, increasing market share, and further expansion of logistics and distribution capabilities.

• Ongoing investments in automation and new warehouse facilities to support future scalability.

• The Group did not publish financial forecasts for 2025.

• Key factors for Q4 2025: inflation, labor and fuel costs, interest rates, currency trends, ongoing conflict in Ukraine, and logistics optimization.