Wawel (WWL) Q1 2025 earnings summary

Executive summary

• Net sales revenue in Q1 2025 reached PLN 183.996 million, up 9.6% year-over-year, with gross profit on sales at PLN 55.294 million, a 1.1% increase.

• Operating profit declined 18% to PLN 18.422 million, and pre-tax profit fell 7% to PLN 22.45 million compared to Q1 2024.

• Net profit for Q1 2025 was PLN 17.822 million, down from PLN 19.341 million in Q1 2024.

Financial highlights

• Revenue from contracts with customers increased to PLN 183.996 million from PLN 167.928 million year-over-year.

• Cost of sales rose to PLN 128.702 million, up from PLN 113.219 million.

• Earnings per share for Q1 2025 were PLN 13.80, compared to PLN 14.97 in Q1 2024.

• Net cash flow from operating activities was PLN 42.941 million, down from PLN 53.710 million in Q1 2024.

Outlook and guidance

• The company faces significant risk from persistently high cocoa bean prices, which have increased over 120% in the past year, impacting gross margin.

• Further price increases for products are planned, but the effect on consumer demand and negotiations with key customers is uncertain.

• The company has not published a financial performance forecast for 2025.