Profil:
Zabka Group SA (Żabka)UPDATE: Zabka grocer posts PLN 1.28 bln in Q3 adj. EBITDA
Listed convenience store chain Zabka Group posted PLN 1.279 billion (EUR 302.3 mln) in Q3 adjusted EBITDA, up from PLN 1.119 billion (EUR 264.3 mln) in the prior year period and against a consensus of PLN 1.245 billion (EUR 294.1 mln).
Sales to the final customer in the third quarter increased by 13.6 percent year on year, reaching PLN 8.517 billion (EUR 1.83 bln).
LFL sales grew by 4.5 percent, compared to a 6 percent increase in the third quarter of the previous year.
Cumulatively, after the first three quarters of 2025, the Zabka Group reported revenues of PLN 20.23 billion (EUR 4.35 bln) and adjusted EBITDA of PLN 2.932 billion (EUR 631 mln). Net profit amounted to PLN 530 million (EUR 114 mln).
Free cash flow (FCF) reached PLN 1.804 billion (EUR 388 mln) in first quarter to the third quarter, compared to PLN 1.907 billion (EUR 409 mln) a year earlier.
Capital expenditures after three quarters amounted to PLN 1.085 billion (EUR 234 mln). The debt to adjusted EBITDA ratio fell to 1.0x at the end of September from 1.4x in the third quarter of 2024.
At the end of September 2025, the Zabka Group’s store network totalled 12,099 locations, compared to 10,906 at the end of the third quarter of2024. During the 9 months, the group opened 1,127 new stores and closed 97 stores.
| 3Q2025 | results | consensus | difference | y/y | q/q | YTD 2025 | y/y |
| Revenues | 7440.0 | 7396.3 | 0.6% | 13.1% | 4.4% | 20230.0 | 14.1% |
| Adj. EBITDA | 1279.0 | 1245.4 | 2.7% | 14.3% | 21.0% | 2932.0 | 16.4% |
| EBIT | 743.0 | 733.0 | 1.4% | 11.9% | 39.4% | 1382.0 | 11.5% |
| Attrib. net profit | 463.0 | 399.1 | 16.0% | 45.1% | 141.1% | 530.0 | 40.6% |
| EBITDA margin | 17.2% | 16.8% | 0.35 | 0.18 | 2.35 | 14.49% | 0.37 |
| EBIT margin | 10.0% | 10.0% | 0.02 | -0.11 | 2.50 | 6.83% | 0.56 |
| net margin | 6.2% | 5.4% | 0.78 | 1.37 | 3.53 | 2.62% | 0.47 |
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