Skarbiec Holding (SKH) Q2 2025 earnings summary

Executive summary

• Revenue for the 12 months ended June 30, 2025, reached PLN 112.2 million, up from PLN 70.4 million year-over-year, driven by the consolidation of Noble Securities S.A. from April 2025.

• Net profit surged to PLN 61.7 million from PLN 5.2 million year-over-year, reflecting a significant one-off gain from the acquisition of Noble Securities.

• The group expanded its business scope with the acquisition of 100% of Noble Securities S.A., fully consolidated from April 17, 2025.

Financial highlights

• Operating profit for the period was PLN 55.5 million, compared to a loss of PLN 4.7 million in the prior year.

• Net cash from operating activities was PLN 515.2 million, up from PLN 7.9 million year-over-year, mainly due to client funds consolidation.

• Earnings per share (EPS) rose to PLN 9.05 from PLN 0.76 year-over-year.

• Book value per share increased to PLN 35.52 from PLN 26.48 year-over-year.

Outlook and guidance

• No significant seasonality identified in operations; the group expects continued stable performance post-acquisition.

• The group maintains compliance with all regulatory capital requirements and expects to continue dividend payments, subject to regulatory and business conditions.