Pkp Cargo (PKP) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was PLN 646.1 million, down from PLN 672.0 million year-over-year.

• Net loss for Q1 2026 was PLN 61.9 million, compared to a net loss of PLN 44.2 million in Q1 2025.

• The company remains under restructuring as of the reporting period.

Financial highlights

• EBITDA for Q1 2026 was PLN 24.8 million, down from PLN 50.3 million year-over-year.

• EBIT for Q1 2026 was negative PLN 64.5 million, compared to negative PLN 20.0 million in Q1 2025.

• Earnings per share for Q1 2026 was negative PLN 1.38, compared to negative PLN 0.99 in Q1 2025.

• Total assets as of March 31, 2026, were PLN 5,573.1 million, nearly unchanged from December 31, 2025.

• Cash and equivalents at quarter-end were PLN 174.0 million, down from PLN 190.9 million at year-end 2025.

Capital allocation and financing

• Net cash from operating activities was PLN 52.7 million in Q1 2026, up from PLN 47.2 million year-over-year.

• Net cash used in investing activities was PLN 18.8 million, with significant proceeds from asset and subsidiary sales.

• Net cash used in financing activities was PLN 51.3 million, reflecting repayments of leases and loans.