Quercus (QRS) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached 122.7m PLN, up 41% year-over-year, driven by higher assets under management and strong investment results.

• Net profit rose to 40.1m PLN, an increase of 77% compared to H1 2025, reflecting improved operational efficiency and market conditions.

• The group completed a significant share buyback, allocating 55.7m PLN as an alternative to dividend payout.

Financial highlights

• Operating profit increased to 46.0m PLN from 24.8m PLN year-over-year.

• Net cash from operating activities was 92.5m PLN, up from 73.7m PLN in H1 2025.

• Total assets grew to 263.1m PLN from 190.1m PLN a year earlier.

• Equity rose to 147.2m PLN, up from 82.2m PLN at June 2025.

• No dividend was paid; instead, a share buyback was executed.

Outlook and guidance

• Management sees no significant threats to business continuity despite geopolitical risks.

• No material post-balance sheet events affecting future results.