Profil:
WP Holding SAWP Holding posts PLN 10 mln attrib. net profit in Q1 2025, down 40 pct y/y
Listed online media group Wirtualna Polska Holding's parent company net profit fell by 40 percent year on year to PLN 10 million (EUR 2.35 mln) in the first quarter of 2025, WP said in its quarterly report. The PAP Biznes consensus was for a net take of PLN 13.3 million (EUR 3.13 mln).
In the first quarter of 2025, Wirtualna Polska Holding increased its revenues by 6.3 percent year on year to PLN 372 million (EUR 87.5 mln), in line with the market expectations of PLN 372.5 million (EUR 87.6 mln).
Adjusted EBITDA increased by 1.8 percent to PLN 85.8 million (EUR 20.2 mln) against the PAP Biznes consensus of PLN 84.5 million (EUR 19.9 mln).
On a pro forma basis, taking into account the results of Creative Eye and the change in revenue recognition at Audioteka Group, revenue increased by 9 percent year on year and adjusted EBITDA rose by 6 percent year on year.
Cash flow from operating activities in the first quarter of 2025 increased by 24 percent year on year to PLN 131 million (EUR 30.8 mln).
The net debt to adjusted EBITDA ratio at the end of March 2025 was 0.9x.
The group assumes that it will incur transaction costs in the second quarter of 2025 related to M&A activities, including primarily the finalisation of the acquisition of Invia Group, estimated at approximately PLN 25 million (EUR 5.9 mln).
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