Profil:
WP Holding SAUPDATE: WP media posts PLN 11.1 mln net loss in Q2 2025, below expectations
Listed online media and e-commerce group Wirtualna Polska posted a PLN 11.1 million (EUR 2.6 mln) attributable net loss in the second quarter of 2025, against PAP Biznes consensus of a PLN 400,000 (EUR 93,760) net profit, the group's financial report has shown. In the prior year period, WP posted a net take of PLN 16.8 million (EUR 3.94 mln).
In the second quarter of 2025, Wirtualna Polska Holding increased its revenue by 42 percent year on year to PLN 540.8 million (EUR 126.8 mln). The analysts polled by PAP Biznes had expected revenue of PLN 526.9 million (EUR 123.5 mln).
WP's adjusted EBITDA rose by 23.8 percent to PLN 121.9 million (EUR 28.6 mln) against the market expectations of PLN 114.5 million (EUR 26.84 mln).
Pro forma, taking into account the results of Invia Group and Creative Eye, as well as adjustments to Audioteka Group's revenues, cash revenues in the first half of 2025 were 5 percent higher on annual basis.
Cash flows from investing activities were negative at PLN 924.3 million (EUR 216.7 mln).
The net debt to adjusted pro forma EBITDA ratio at the end of June 2025 was 2.0x.
Below are WP's results for the second quarter of 2025 in relation to PAP Biznes consensus and previous results.
| Q2 2025 | results | consensus | difference | y/y | q/q | YTD 2025 | y/y |
| PLN mln | PLN mln | % | % | % | |||
| Revenues | 540.8 | 526.9 | 2.6% | 41.9% | 45.4% | 912.8 | 24.9% |
| EBITDA | 121.9 | 114.5 | 6.5% | 23.9% | 42.1% | 207.7 | 13.9% |
| EBIT | 26.2 | 32.3 | -19.0% | -42.8% | -24.6% | 60.9 | -31.2% |
| Attrib. net profit | -11.1 | 0.4 | - | - | - | -1.1 | - |
| EBITDA margin | 22.5% | 21.7% | 0.82 | -3.29 | -0.52 | 22.75% | -2.21 |
| EBIT margin | 4.8% | 6.1% | -1.29 | -7.16 | -4.49 | 6.67% | -544.0% |
| net margin | -2.0% | 0.1% | -2.12 | -6.46 | -4.74 | -0.12% | -470.0% |
mbi/ ao/