Unimot (UNT) Q4 2024 earnings summary

Executive summary

• Sales revenue for 2024 reached PLN 14.1 billion, up 9% year-over-year, with net profit at PLN 139.3 million, a significant decrease from PLN 488.5 million in 2023.

• Operating profit dropped to PLN 233.5 million from PLN 574.9 million year-over-year, reflecting normalization after a one-off gain in 2023.

• The Group maintained a diversified business across liquid fuels, LPG, natural gas, electricity, bitumen, and logistics.

Financial highlights

• Gross profit for 2024 was PLN 187.2 million, down from PLN 508.7 million in 2023.

• Net cash flow from operating activities improved to PLN 170 million from negative PLN 29.9 million year-over-year.

• Total assets increased to PLN 3.4 billion, with equity at PLN 1.18 billion and liabilities at PLN 2.22 billion.

• EPS for 2024 was PLN 17.06, compared to PLN 59.43 in 2023.

Outlook and guidance

• Management expects continued growth in demand for liquid fuels in 2025, supported by favorable macroeconomic conditions and projected GDP growth in Poland.

• Interest rate reductions anticipated in 2025 are expected to lower financing costs.

• The Group plans to expand into natural gas extraction and secure new operational financing.