Lubawa S.A. (LBW) Q4 2024 earnings summary

Executive summary

• Achieved record consolidated revenue of PLN 510.2 million, up 35.1% year-over-year, and record net profit of PLN 100.5 million, up 121.6% year-over-year.

• Lubawa S.A. standalone revenue reached PLN 252.7 million (+64.0% year-over-year), with net profit at PLN 35.0 million (+106.8% year-over-year).

• Growth driven by strong demand in the specialist equipment segment, supported by increased defense spending and successful contract execution.

Financial highlights

• Consolidated EBITDA reached PLN 132.4 million (+96.1% year-over-year), with an EBITDA margin of 25.96%.

• Gross margin improved to 40.16% from 31.06% year-over-year.

• Cash flow from operations was PLN 164.9 million, with net cash position at year-end of PLN 162.7 million (+68.0% year-over-year).

• Standalone Lubawa S.A. EBITDA was PLN 46.3 million (+77.0% year-over-year), with a gross margin of 29.87%.

Outlook and guidance

• Management expects continued strong demand in defense and technical textiles, with further growth in specialist equipment and fabrics segments.

• Strategic focus on innovation, operational efficiency, and ESG integration to sustain growth and profitability.