In the second quarter of 2025, the JD GPW net profit increased by 42.9 percent. RDR up to PLN 57.7 million – the WSE said in a press release. PAP Biznes consensus assumed JD net profit of PLN 56.8 million. During this period, the group generated sales revenues at PLN 144.1 million.
In the second quarter of 2025, the WSE Capital Group achieved PLN 144.1 million in sales revenues and this is a year -on -year increase by 19.2 percent, PAP Business consensus assumed PLN 140.9 million. EBITDA amounted to PLN 62.4 million against PLN 61.4 million, and EBIT was at the level of PLN 52.9 million against PLN 52.1 million.
As stated, positive trends remained on the freight market in the second quarter, and the higher revenues of the Power Exchange were the result of an increase in gas trading both on the spot and timely market, which reflects the growing role of this raw material in the domestic energy mix. The group's revenues in the freight market segment increased by 12.5 percent. RDR, reaching PLN 44.4 million.
It was indicated that the group's operating costs in the second quarter amounted to PLN 90.6 million, growing by 8.1 percent. rdr. It was the fifth quarter in a row, in which revenue dynamics exceeded the rate of cost increase. As a result, the cost of income (Cost/Income) dropped by 6.4 pp rdr to 62.9 percent. which is the lowest result in over three years.
“The increase in revenues in the financial market segment was the result of record session turnover on the main WSE market from April to June 2025, the turnover value amounted to PLN 131.5 billion, which means an increase of 48.7 % It was also maintained in July – the value of session trading on the main market amounted to PLN 41.0 billion, i.e. by 71.6 percent.
“The group's record revenues in the first half of 2025 go hand in hand with the historical records of the main indexes. We consistently control operating costs and strengthen the foundations of the market, which should become an increasingly stronger source of capital for Polish investing companies, developing and implementing innovations. A stronger capital market is also greater opportunities for individual investors,” he said, charged in the communication Securities in Warsaw.
“In the context of market development, we are very pleased with the project of the Ministry of Finance regarding the introduction of a personal investment account, which can significantly increase the interest of Poles in the stock exchange. Thanks to the amount of tax -free OKI, it will become an impulse to open new brokerage accounts and a source of inflow of significant funds to the market. According to the Ministry's estimates, in three years, even PLN 100 billion. and attracting new investors and issuers ” – added the president.
It was added in the announcement that two companies debuted on the main WSE market in the second quarter of 2025. The producer and distributor of specialized protective clothing Arlen joined the group of public companies as 407. Issuer. In turn, Qna Technology, developing the technology of quantum dots, has become a 408 company listed on the Warsaw court, passing from the NewConnect market.
“The NewConnect market has grown in the past quarter of four new issuers. In April, queuously known from modern miniatures in Wrocław, Gliwice and Warsaw. In May, Mazop Group entered the NC market, specializing in the production of packaging for e-commerce. In June, President Studio joined the group and Green Lanes, a producer of materials for the furniture and wood industry, “it was written.
It was added that in the first half of 2025 the value of the Equity Capital Market market (IPO, SPA and ABB transactions) amounted to PLN 10.9 billion, which means a three -time increase compared to last year. Primary emissions (IPO) Diagnostics and Arlene with a total value of PLN 2.0 billion confirmed the growing activity of enterprises and investors on the Warsaw dance floor.
“In May, the shares of five companies from Denmark and Sweden were introduced to the GlobalConnect market: Carlsberg, H&M, Novo Nordisk, Vestas Wind Systems and Volvo. Quotes are held in Polish zlotys, which reduces the costs of conversion and makes it easier for investors to include transactions. Companies represent the key sectors of the global economy and are recorded on the exchanges Copenhagen and Stockholm.
As stated, in June the Warsaw Stock Exchange changed the principles of qualifying shares to NewConnect segments, in particular regarding the conditions of belonging to the NC Focus segment. This is part of the NewConnect market revitalization strategy, which aims to expand the investor base and make it easier for small and medium -sized enterprises access to capital. The first qualification according to the new rules will take place on September 26, 2025.
“Lowering fees from trading in ETF, etc and ETN instruments for stock exchange members is conducive to increasing the activity of investors in this market. In April, the value of ETF turnover and etc has reached a record level of PLN 366.0 million, and in the entire second quarter amounted to PLN 793 million, which means an increase of PLN 147.4 percent.
It was also pointed out that intensive tests of the new transaction system on the WSE and stock exchange members are underway. According to the schedule, functional, safety, integration, performance and capacitive tests, as well as migration and rollback tests are conducted. The WST WATS platform is to be implemented on November 10 this year.
“Work on the implementation of a new WSE transaction platform Watss is carried out as planned. By the end of August, the system will be integrated on the target environment with periats. The results will allow us to safely implement Wats, “said Sławomir Panasiuk, vice president of the Warsaw Stock Exchange, cited in the announcement.
As stated, the results of the second quarter 2024 corrected by the impact of a one -time event worth PLN 5.8 million (PLN 4.7 million in the net result). Data in PLN million.
| 2Q2025 | results | cons. | difference | y/y | Q/Q | YTD 2025 | yard |
| Income | 144.1 | 140.9 | 2.3% | 19.2% | 8.9% | 276.4 | 15.6% |
| EBitda | 62.4 | 61.4 | 1.6% | 49.7% | 14.0% | 117.1 | 44.1% |
| EBIT | 52.9 | 52.1 | 1.5% | 76.3% | 15.0% | 98.9 | 50.1% |
| JD net profit | 57.7 | 56.8 | 1.7% | 62.1% | 14.3% | 108.2 | 44.1% |
| EBITDA margin | 43.3% | 43.6% | -0.31 | 8.82 | 1.95 | 42.37% | 8.36 |
| EBIT margin | 36.7% | 37.0% | -0.29 | 11.89 | 1.94 | 35.78% | 8.21 |
| net margin | 40.0% | 40.3% | -0.25 | 10.59 | 1.87 | 39.14% | 7.73 |
Annual and quarterly forecasts for over 200 companies listed on the WSE are in the consensus database, available to subscribers on the PAP Biznes economic service.
(PAP Biznes)
MBI/ ry/
