UNIBEP (UNI) Q1 2026 earnings summary

Executive summary

• Revenue in Q1 2026 declined by 23% year-over-year to PLN 329 million, with a net loss of PLN 5.0 million and EBITDA of PLN 9.1 million.

• Order backlog as of April 1, 2026, reached PLN 3.68 billion, and cash position increased 269% year-over-year to PLN 390 million.

• The group maintained a positive trend in gross margin, which improved to 9.2% from 7.0% a year earlier.

• Segment performance varied, with strong growth in modular construction and declines in development and traditional construction segments.

Financial highlights

• Revenue: PLN 329 million (-23% y/y); Net loss: PLN -5.0 million; EBITDA: PLN 9.1 million.

• Gross profit: PLN 30.3 million (flat y/y); EBIT: PLN 0.9 million (down from PLN 4.4 million y/y).

• Cash: PLN 390 million (+269% y/y); Net debt: PLN 53 million (down from PLN 260 million y/y).

• Order backlog: PLN 3.68 billion as of April 1, 2026.

• Capitalization on Warsaw Stock Exchange: PLN 490 million as of March 31, 2026.

Outlook and guidance

• Management expects improved operational results in subsequent quarters due to a higher-quality order book and seasonal increase in construction activity.

• No formal financial forecasts for 2026 were published.