Wawel (WWL) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached PLN 328.1 million, up 10.8% year-over-year, with export sales nearly doubling compared to the prior year.

• Net profit for the period was PLN 27.5 million, slightly below the PLN 28.2 million reported in the first half of 2024.

• The company paid a dividend of PLN 12.9 million (PLN 10.00 per share) in July 2025.

Financial highlights

• Operating profit for H1 2025 was PLN 27.4 million, down 3.2% year-over-year.

• Gross margin on sales improved, with gross profit rising to PLN 94.4 million from PLN 88.4 million year-over-year.

• Cash and other financial assets at period end totaled PLN 253.6 million, down from PLN 312.3 million a year earlier.

• Net cash flow from operating activities was PLN 56.9 million, a decrease from PLN 91.1 million in H1 2024.

Outlook and guidance

• Management expects stronger results in the second half of the year due to seasonality, with 45% of the annual plan achieved in H1 and higher sales typically in Q4.

• No material events after the reporting period that would affect the outlook.