Trakcja (TRK) Q4 2025 earnings summary

Executive summary

• Achieved consolidated sales of 2,242.4 mln PLN in 2025, up 138.9 mln PLN year-over-year.

• Net profit reached 80.9 mln PLN, an increase of 45.4 mln PLN compared to 2024.

• EBITDA rose to 166.6 mln PLN, up 69.0 mln PLN year-over-year, with EBITDA margin at 7.4%.

• Signed contracts worth 3.3 bln PLN in 2025; order backlog at year-end was 4.4 bln PLN.

Financial highlights

• Gross profit from sales was 190.6 mln PLN, up 66.1 mln PLN year-over-year; gross margin improved to 8.5%.

• Operating profit reached 124.7 mln PLN, up 62.6 mln PLN from 2024.

• Financial result improved by 17.7 mln PLN, mainly due to higher interest income and lower financial costs.

• Group's total assets at year-end were 1,771.5 mln PLN, up 7% from 2024.

• Equity increased to 459.2 mln PLN, up 78.8 mln PLN year-over-year.

Outlook and guidance

• Identified significant growth opportunities in railway, road, energy, and urban transport infrastructure markets.

• Strategic focus on expanding presence in energy transmission and distribution, with planned entry into large-scale projects.

• Market outlook supported by multi-year government programs in rail, road, and energy sectors.