Sanok Rubber Company (SNK) Q3 2025 earnings summary

Executive summary

• Net sales for Q3 2025 reached 365.9 million PLN, a 2.4% decrease from Q3 2024, while 9M 2025 sales were stable at 1,112.7 million PLN year-over-year.

• EBITDA for Q3 2025 was 40.6 million PLN, nearly flat year-over-year, with a margin of 11.1%.

• Net profit for Q3 2025 dropped to 11.1 million PLN from 21.5 million PLN in Q3 2024.

• Net profit for 9M 2025 was 31.7 million PLN, down from 49.0 million PLN in 9M 2024.

• Operating profit for the nine months was 50.5 million PLN, down from 57.1 million PLN year-over-year.

Financial highlights

• 9M 2025 EBITDA was 112.3 million PLN, up slightly from 112.0 million PLN in 9M 2024, with a margin of 10.1%.

• Gross margin for the nine months was 235.4 million PLN, up from 230.1 million PLN year-over-year.

• Earnings per share for the nine months were 1.20 PLN, compared to 1.94 PLN in the prior year.

• Cash from operating activities for 9M 2025 was 70.95 million PLN, a decrease from 87.7 million PLN in 9M 2024.

• Net cash from operating activities was 99.8 million PLN, up from 87.7 million PLN year-over-year.

Outlook and guidance

• Strategic focus is on higher-margin segments, product diversification, and phasing out less profitable businesses.

• Plans for organic and inorganic growth, including acquisitions in non-automotive segments to support diversification and EBITDA growth.

• No explicit forward-looking guidance provided, but the decrease in net profit and operating profit suggests ongoing margin pressures.