UNIBEP (UNI) Q2 2025 earnings summary

Executive summary

• Revenue for 1H 2025 was PLN 1,035.5m, down 11% year-over-year, with net profit at PLN 6.5m, a 92% decrease year-over-year.

• EBITDA fell 62% to PLN 51.5m, and EBIT dropped 70% to PLN 35.8m year-over-year.

• Cash at period end was PLN 144m, down 42% year-over-year.

• Order backlog as of July 1, 2025, stood at PLN 3,503m.

• Adjusted for one-off events, gross profit margin improved to 7.9% from 5.1% year-over-year.

Financial highlights

• Net income attributable to parent shareholders was PLN 0.4m, down 99% year-over-year.

• Operating cash flow was negative at PLN -67.9m, an improvement from PLN -123.7m year-over-year.

• Net debt increased to PLN 199m as of June 30, 2025.

• Capitalization on the Warsaw Stock Exchange at June 30, 2025, was PLN 365m.

• Dividend of PLN 0.20 per share was paid for 2024.

Outlook and guidance

• No financial forecasts for 2025 were published.

• Management expects improved operational profitability to support future cash flow and debt reduction.

• Ongoing market challenges in residential construction are expected to persist, but new contracts in military and energy sectors may offset declines.