Text (TXT) Q1 26/27 earnings summary

Executive summary

• Q1 2026/27 net profit was PLN 29.1 million, down 6.2% year-over-year but up 2.0% sequentially, with comprehensive income at PLN 29.1 million.

• MRR rose 7.6% quarter-over-quarter (4% year-over-year) to USD 7.46 million, driven by the end of LiveChat pricing grandfathering.

• Payments received increased 10.8% year-over-year to USD 24.19 million.

• Revenue in USD grew 2.1% year-over-year to USD 22.61 million, while PLN revenue declined 1.9% to PLN 83.2 million due to a weaker USD/PLN exchange rate.

• Cash and cash equivalents increased to PLN 93.9 million as of June 30, 2026.

Financial highlights

• Net sales: PLN 83.2 million (down 1.9% year-over-year).

• EBIT: PLN 31.4 million (down 7.4% year-over-year); operating profit: PLN 31.4 million (down 11% year-over-year).

• EBITDA: PLN 38.4 million (down 9.4% year-over-year, up 2.1% quarter-over-quarter).

• Net cash flows from operating activities were PLN 41.5 million, up 22.2% year-over-year.

• Earnings per share for the quarter were PLN 1.13, compared to PLN 1.20 a year earlier.

Outlook and guidance

• Record high future revenues (PLN 77.2 million in liabilities from customer contracts) due to increased annual payments.

• No formal financial guidance provided.

• Management expects continued growth driven by AI-based product enhancements and enterprise client focus.

• The PLN/USD exchange rate remains a key factor for reported results, with natural hedging as the main risk mitigation.