PKP Cargo in the first half of the year reduced the net loss to PLN 17.9 million

The PKP Cargo Capital Group ended the first half of 2025 with a net loss of PLN 17.9 million, against PLN 453.1 million a year earlier – the company said in Tuesday's stock exchange report.

Revenues from contracts with clients amounted to PLN 1 billion 821.2 million, and a year ago – in the first six months – it was PLN 2 billion 300.5 million. The EBITDA result in the first half of the year amounted to PLN 140.2 million, while a year earlier it was PLN 237 million.

In turn, during the six months of 2025, the EBIT result was 54.7 million, and a year earlier in the same period it was negative in the amount of PLN 463.2 million.

As stated in the report, in the first half of 2025, compared to six months of 2024, revenues from contracts with clients (including primarily revenues from transport services and forwarding) fell, which was the result of a decline in the mass transported and unit transport rates.

According to the publication, the transport implemented by the railway industry in the first half of 2025 confirms the sector's stagnation, including With a lack of activation of demand in Western Europe, which has a direct impact on the number of orders for freight rail transport.

“In addition to the poor results of the European Union economies, the key factors for the reduction of the transport scale are still: war in Ukraine, disturbances and restrictions in global trade (including the growing level of customs tariffs), as well as relatively high in Europe (compared to other competitive economically competitive areas) rates at the industry and transport supplied to industry and transport” – added.

It was noted that the PKP Cargo Group is still the leader of the market of rail freight transport in Poland in terms of participation in the transported mass of goods, as well as the completed transport work. Market shares in the first half of 2025 amounted to 27.2 percent. in terms of the goods mass, which means a decrease compared to the previous year by 1.7 points. percent

PKP Cargo is a joint -stock company listed on the WSE. The largest shareholder is PKP SA with 33.01 percent. participation in the capital; Funds managed by the Nationale -Nederlanden PTE SA have 12.08 percent, and the other shareholders – 54.91 percent. For 2024, the company recorded PLN 2.41 billion net loss at EBITDA in the amount of less than PLN 300 million.

In July 2024, the court opened the company's restructuring proceedings. Also in July last year The management board decided to carry out group layoffs by the company's plants and headquarters, as a result of which employment fell by 3665 employees. Currently, PKP Cargo employs approx. 10,000 people. At the beginning of June this year. PKP Cargo has once again announced that it intends to carry out group layoffs. This time the dismissals would be covered by up to 1041 employees in 2025 and up to 1388 in 2026.

On September 18 this year, PKP Cargo announced that ultimately in 2025 the carrier would release to 500 people as part of group layoffs. Speaking of employment contracts is to be finalized until the end of September. (PAP)

pif/ mmu/