Quercus (QRS) Q3 2025 earnings summary

Executive summary

• Revenue for the 9 months ended 30 September 2025 reached 134,937 thousand PLN, up from 100,774 thousand PLN year-over-year, reflecting strong growth in both fund management and distribution segments.

• Net profit for the period was 37,508 thousand PLN, a significant increase from 24,750 thousand PLN in the prior year period.

• The group maintained a positive net cash flow from operating activities of 79,630 thousand PLN, compared to 13,764 thousand PLN a year earlier.

• No changes in group structure, mergers, or discontinued operations occurred during the reporting period.

Financial highlights

• Operating profit rose to 41,536 thousand PLN from 19,541 thousand PLN year-over-year.

• Earnings per share (EPS) for the period were 1.11 PLN, up from 0.45 PLN year-over-year.

• Total assets increased to 197,668 thousand PLN as of 30 September 2025, compared to 182,422 thousand PLN a year earlier.

• Equity at period end was 96,960 thousand PLN, up from 99,666 thousand PLN at 30 September 2024, reflecting the impact of share buybacks.

• No dividend was declared or paid for the period.

Outlook and guidance

• Management highlights that future results will depend on market conditions, investment performance, and regulatory factors.

• The group did not publish financial forecasts for the period.