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Creotech Instruments SACreotech Instruments spacetech posts PLN 74.5 mln sales revenue in H1 2025
Listed spacetech company Creotech Instruments posted approximately PLN 74.5 million (EUR 17.5 mln) in revenues from product sales and subsidies, against PLN 17.1 million (EUR 4 mln) in the prior year period, the company said in a press release. It was indicated that the increase in revenues was primarily due to progress in the implementation of the key Mikroglob project.
The largest percentage share in revenues was generated by the space projects segment (91.2 percent) and the quantum systems segment (6.43 percent).
Creotech's EBITDA for the first half of 2025 amounted to PLN 10.9 million (EUR 2.6 mln), and net profit exceeded PLN 3.5 million (EUR 821,100). Cash and cash equivalents at the end of June 2025 amounted to PLN 142.8 million (EUR 33.5 mln). The share of subsidies in revenues also decreased from 31 percent to 9 percent.
"The first half of 2025 was a breakthrough period for us, both in financial terms and in terms of the implementation of key space projects and the signing of another important contract: CAMILA," said CEO Grzegorz Brona, quoted in the press release.
"In the space segment, we can boast revenues of PLN 64.3 million and EBITDA of nearly PLN 20.1 million. It is worth noting that these results have not yet been affected by the CAMILA contract signed in the second quarter of this year," he added.
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