Newag (NWG) Q1 2026 earnings summary

Executive summary

• Net sales revenue for Q1 2026 reached 422,267 thousand PLN, up 12.7% year-over-year from 374,599 thousand PLN.

• Net profit increased to 58,065 thousand PLN, a 10.4% rise compared to Q1 2025.

• EBITDA grew to 85,515 thousand PLN, up from 81,179 thousand PLN year-over-year.

• The group maintained a strong equity position, with equity at 1,205,165 thousand PLN as of March 31, 2026.

Financial highlights

• Operating profit for Q1 2026 was 70,987 thousand PLN, up from 66,967 thousand PLN in Q1 2025.

• Earnings per share rose to 1.29 PLN from 1.17 PLN year-over-year.

• Net cash flow from operating activities was negative at -169,699 thousand PLN, reflecting increased working capital needs.

• Cash and cash equivalents at period end were 383,772 thousand PLN, down from 576,613 thousand PLN at the end of 2025.

• Book value per share increased to 26.78 PLN from 20.75 PLN year-over-year.

Outlook and guidance

• The company’s management confirmed the going concern assumption and sees no threats to business continuity.

• The annual general meeting to decide on dividend payout is scheduled for June 15, 2026.

• The board recommended a dividend of 3 PLN per share from 2025 profits.