Quercus (QRS) Q1 2026 earnings summary

Executive summary

• Consolidated revenue for Q1 2026 reached 56,316 thousand PLN, up from 36,009 thousand PLN year-over-year.

• Net profit for Q1 2026 was 16,924 thousand PLN, compared to 9,513 thousand PLN in Q1 2025.

• Assets totaled 325,619 thousand PLN as of March 31, 2026, with equity at 181,787 thousand PLN.

• The group operates mainly in fund management and investment product distribution, with all activities in Poland.

Financial highlights

• Operating profit for Q1 2026 was 19,322 thousand PLN, up from 9,993 thousand PLN year-over-year.

• Net cash flow from operating activities was 101,268 thousand PLN, a significant increase from 32,106 thousand PLN in Q1 2025.

• Earnings per share (EPS) for Q1 2026 was 1.34 PLN (annualized), compared to 1.20 PLN in Q1 2025.

• No dividend was declared or paid for the period.

Outlook and guidance

• Key factors for future results include market conditions on the Warsaw Stock Exchange, investment performance, and regulatory environment.

• The group does not foresee significant threats to business continuity from ongoing geopolitical risks.