Wawel (WWL) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was PLN 302.4 million, down 7.8% year-over-year, with net profit rising 51.8% to PLN 41.8 million compared to H1 2025.

• Domestic sales remained stable, while export sales declined significantly.

• The company paid a dividend of PLN 35.00 per share in June 2026.

Financial highlights

• Operating profit for H1 2026 was PLN 42.2 million, up from PLN 27.4 million in H1 2025.

• Gross margin improved, with cost of goods sold decreasing to PLN 190.8 million from PLN 233.8 million year-over-year.

• Cash and short-term financial assets increased to PLN 269.3 million as of June 30, 2026.

• Book value per share rose to PLN 622.59 from PLN 573.62 year-over-year.

Outlook and guidance

• Management expects the 2026 plan to be met, with 47% of the annual forecast achieved in H1, considering seasonality.

• No material events after the reporting period are expected to impact the outlook.