A crow with a profit above consensus. “We look with optimism for the second half of the year”

Kruk had 332.4 million PLN JD and PLN 426.1 million EBITDA in the second quarter of 2025 – according to the company's report. PAP Biznes consensus assumed PLN 284.9 million net profit and PLN 430.4 million EBITDA.

Cash eBitda in Q2 2025 amounted to PLN 682.2 million. Forecasts for the EBITDA Position of Cash were in the range of PLN 669-683 million.

Operational profit amounted to PLN 410.7 million, and revenues PLN 797.5 million. The consensus assumed PLN 813.5 million in revenues and PLN 408.7 million EBIT.

As reported, the net profit of the Kruk group for the first half of 2025 amounted to PLN 584 million, less by 3 percent. rdr. Repayment from acquired portfolios amounted to PLN 1,910 million, more 10 % rdr. The cash eBITDA for this period amounted to PLN 1,300 million, more by 9 percent. rdr.

“The first half of 2025 was a period of consistent implementation of the development strategy and further stable growth for Kruk. We recorded solid financial results, which reflects the operational effectiveness on all key markets, including the improvement situation in Spain.

“Digital transformation remains one of our priorities. We already see the effects of implemented technological solutions that support our scalability and quality of customer service. Our goal is not only to increase efficiency, but also to build positive experiences for customers who are increasingly choosing self -service channels” – he added.

As stated, total revenues amounted to PLN 1,600 million, i.e. by 8 percent. More yaws. Revenues from the service of acquired portfolios amounted to PLN 1,446 million during this period, which is an increase of 7 percent. rdr.

It has been added that from the invested PLN 805 million by Kruk in the first 6 months 2025 investments in Poland (46 percent) and Italy (24 % of all investments) had the largest share.

It was also indicated that the debt indicators remain at a moderate level (Net Long/EBITDA indicator is 2.5), with high profitability (22 % REE LTM).

“We are optimistic about the second half of the year, planning further investments in debt portfolios and development of activities on foreign markets. Our financial position remains stable, and access to financing – both banking and bond – enables us to react flexibly to emerging investment occasions” – added Piotr Krupa.

MBI/ ANA/