Wawel (WWL) Q3 2025 earnings summary

Executive summary

• Net sales revenue for Q3 2025 reached PLN 171.9 million, up 8% year-over-year, with a 44% increase in profit before tax to PLN 24.8 million and a 52% rise in operating profit to PLN 20.7 million.

• For the first nine months of 2025, revenue totaled PLN 500.0 million, a 10% increase year-over-year, with operating profit up 15% and profit before tax up 13%.

• No major events or unusual factors impacted results in Q3 2025 or after the balance sheet date.

Financial highlights

• Q3 2025 EBITDA was PLN 27.5 million (16.0% margin), up from PLN 20.6 million (13.0%) in Q3 2024.

• Net profit for Q3 2025 was PLN 19.7 million, up from PLN 13.8 million in Q3 2024.

• Basic and diluted EPS for Q3 2025 was PLN 36.54, compared to PLN 32.46 in Q3 2024.

• Net cash flow from operating activities for the first nine months was PLN 71.1 million, with a total net cash outflow of PLN 70.1 million due to investing and financing activities.

Outlook and guidance

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

• Management highlights ongoing risks from cocoa bean price volatility and exchange rate fluctuations, with no precise estimate of their full-year impact.