Text (TXT) Q3 25/26 earnings summary

Executive summary

• Revenue in USD grew 1.0% year-over-year to $66.2 million for Q1–Q3 2025/26, but declined 6.0% in PLN due to currency effects.

• Net profit for Q1–Q3 2025/26 was 88.1 million PLN, down 31.0% year-over-year, impacted by higher costs and weaker PLN.

• The Group’s business is primarily based on recurring subscription revenues, with nearly all revenue generated in USD.

• The Group continues to focus on product development, especially AI-based functionalities, to address enterprise customer needs.

• Multiproduct customers account for 37.2% of MRR, a 10 percentage point increase year-over-year.

Financial highlights

• Payments received in Q3 2025/26 were $21.89 million, down 1.6% quarter-over-quarter but up 2.1% year-over-year.

• Q1–Q3 2025/26 operating profit was 96.2 million PLN, down 29.6% year-over-year; EBITDA was 115.7 million PLN, down 25.0%.

• Net cash flows from operating activities were PLN 113.7 million, compared to PLN 139.2 million year-over-year.

• Cash and cash equivalents at period end were PLN 53.3 million.

• Dividend of 1.15 PLN per share paid in February, totaling 113.3 million PLN.

Outlook and guidance

• No formal financial guidance provided; focus remains on expanding product suite and customer base, with investments in AI-based enhancements.

• MRR in USD decreased 0.3% year-over-year, reflecting challenges in customer acquisition due to changes in online content search behavior.

• Management does not foresee material operational or market risk threatening continued operations.