Skarbiec Holding (SKH) Q1 2025 earnings summary

Executive summary

• Revenue for the 9 months ended 31 March 2025 reached PLN 86.5 million, up from PLN 52.8 million year-over-year, driven by higher management fees from investment funds.

• Net profit for the period was PLN 27.1 million, a significant increase from PLN 2.4 million in the prior year period.

• Operating profit rose to PLN 28.7 million from PLN 0.2 million year-over-year, reflecting improved cost control and higher revenues.

• Cash and cash equivalents increased to PLN 119.5 million as of 31 March 2025, compared to PLN 90.4 million a year earlier.

Financial highlights

• Gross margin improved with gross profit from sales at PLN 27.7 million versus a loss of PLN 2.8 million year-over-year.

• Earnings per share for the 9-month period were PLN 3.97, up from PLN 0.36 year-over-year.

• Operating expenses totaled PLN 58.8 million, up from PLN 55.6 million, mainly due to higher employee benefits and other operating costs.

• Net cash from operating activities was PLN 29.7 million, compared to PLN 3.2 million in the prior year.

• No dividend was paid by the parent company, but the subsidiary paid PLN 43 million in dividends to the parent in April 2025.

Segment performance

• The group operates primarily in the investment fund management segment, which accounts for over 95% of revenues.

• Revenue growth was driven by both fixed and variable management fees from investment funds.