Unimot (UNT) Q3 2024 earnings summary

Executive summary

• Achieved consolidated sales revenue of PLN 3,687.8 million in Q3 2024, with adjusted EBITDA of PLN 105.3 million, up significantly year-over-year.

• Focused on strategic objectives: diversification, sustainability, and operational flexibility, including securing LPG supply chains and expanding low-carbon fuel offerings.

• Launched new AVIA Truck station concept and expanded AVIA petrol station network to 137 locations.

• Continued investment in human capital and ESG initiatives, including the "Woman with Energy" program.

Financial highlights

• Q3 2024 sales revenue: PLN 3,687.8 million; 9M 2024: PLN 10,167.1 million (up 3% year-over-year).

• Adjusted EBITDA Q3 2024: PLN 105.3 million (up from PLN 29.2 million in Q3 2023); EBITDA Q3 2024: PLN 42.2 million.

• Net loss Q3 2024: PLN -20.4 million (improved from PLN -31.3 million in Q3 2023).

• Total assets as of 30.09.2024: PLN 3,479.9 million (up 11% from year-end 2023).

• Shareholders’ equity: PLN 1,078.4 million (31% of total assets).

Outlook and guidance

• No financial forecasts published due to high market volatility and uncertainty from the Ukraine conflict and sanctions on Russia and Belarus.

• Management expects further improvement in profitability ratios in Q4 2024, driven by diversification and margin improvement initiatives.