Quercus (QRS) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached 36,009 thousand PLN, up 21.4% year-over-year from 29,663 thousand PLN.

• Net profit for Q1 2025 was 9,513 thousand PLN, a 41% increase compared to 6,747 thousand PLN in Q1 2024.

• Operating profit rose to 9,993 thousand PLN from 4,928 thousand PLN year-over-year.

• Assets under management/distribution grew to 13,040,952 thousand PLN from 10,223,228 thousand PLN year-over-year.

Financial highlights

• Total assets as of March 31, 2025: 202,789 thousand PLN, up from 191,695 thousand PLN at year-end 2024.

• Equity increased to 129,135 thousand PLN from 119,620 thousand PLN at December 31, 2024.

• Net cash from operating activities was 32,106 thousand PLN, up from 6,161 thousand PLN in Q1 2024.

• Earnings per share (EPS) for Q1 2025: 0.73 PLN, up from 0.52 PLN in Q1 2024.

• No dividend declared or paid for the period.

Outlook and guidance

• Management highlights ongoing geopolitical risks (Ukraine, Middle East) but sees no threat to business continuity.

• Key factors for future results include market conditions, investment performance, and regulatory environment.

• No financial forecasts were published for the period.