Text (TXT) Q4 2026 earnings summary

Executive summary

• Revenue for 2025/26 was $88.2M (-0.5% y/y in USD), or PLN 329.1M (-7.1% y/y), with net profit at PLN 116.6M (-29.1% y/y) and operating profit at PLN 126.9M (-28.4% y/y).

• EBITDA reached PLN 153.3M (-23.9% y/y), with Q4 EBITDA margin at 47%.

• Q4 saw a 0.7% q/q decline in MRR to $6.93M, but payments received rose 3.1% q/q to $22.56M, marking the best quarter of the year.

• Multiproduct customers now account for 38.8% of MRR, up 10pp y/y, and customers with ARPL ≥ $500 represent over 52% of MRR.

Financial highlights

• Net sales in PLN fell 7.1% y/y to 329.1M; EBIT dropped 28.4% y/y to 126.9M; net profit declined 29.1% y/y to 116.6M.

• Q4 revenues decreased 2.1% q/q, but EBIT and net profit improved slightly by 0.3% and 0.7% q/q, respectively.

• EBITDA for the year was PLN 153.3M (-23.9% y/y); Q4 EBITDA was PLN 37.6M with a 47% margin.

• Margins stabilized in Q4, with future improvements expected from pricing, infrastructure, and sales process changes.

Outlook and guidance

• Profitability is expected to benefit from the end of pricing grandfathering, infrastructure optimization, and sales process changes, though increased marketing may offset gains.

• Revenues from future periods (liabilities from customer contracts) stood at PLN 67.0M at Q4 2025/26.