UNIBEP (UNI) Q2 2026 earnings summary

Executive summary

• Revenue for 1H 2026 was 857 mln PLN, down 17% year-over-year, mainly due to declines in the development and construction segments, partially offset by strong growth in modular construction.

• Net profit attributable to shareholders of the parent was 3.1 mln PLN, up from 0.4 mln PLN in 1H 2025 (excluding one-off events), while total net profit was 3.2 mln PLN.

• EBITDA reached 34.7 mln PLN, with a gross margin improvement to 9.4% from 7.9% year-over-year.

• The order backlog as of July 1, 2026, stood at 3,659 mln PLN, with significant new contracts signed post-balance sheet date.

Financial highlights

• Revenue: 857 mln PLN (-17% y/y); EBITDA: 34.7 mln PLN; EBIT: 18.2 mln PLN; Net profit: 3.2 mln PLN.

• Gross margin increased to 9.4% (from 7.9% y/y); operating margin at 2.1% (down from 3.5% y/y).

• Net debt decreased to 73 mln PLN from 199 mln PLN a year earlier.

• Cash position at 259 mln PLN (+80% y/y); market capitalization at 419 mln PLN as of June 30, 2026.

• Dividend of 0.40 PLN per share paid for 2025, totaling 13.2 mln PLN.

Outlook and guidance

• No financial forecasts for 2026 were published.

• Improved sales activity in development and modular segments is expected to support future revenue.

• The order backlog and new contracts post-balance sheet date provide a solid foundation for the coming periods.