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Shoper (SHO) investor relations material
Shoper Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Group supports over 400,000 clients globally, focusing on digital presence, e-commerce, and AI-driven solutions, and achieved faster growth than competitors with record turnover and high profitability maintained year-over-year.
Revenue for the nine months ended 30 September 2025 increased by 15% year-over-year to PLN 158.3 million, with adjusted EBITDA up 24% to PLN 57.4 million and net profit up 25% to PLN 29.5 million.
Continued implementation of AI solutions, new product strategy, and launch of Big Data department support an optimistic outlook for 2025.
The Group completed the acquisition of the remaining shares in Apilo and Sempire, consolidating full control and supporting strategic expansion.
Financial highlights
Q3 2025 revenue rose 12% year-over-year to PLN 52.9m; adjusted EBITDA up 25% to PLN 19.4m; adjusted net profit for Q3 2025 was PLN 11.3m (+26% y/y).
9M 2025 revenue increased 15% year-over-year to PLN 158.3m; adjusted EBITDA up 24% to PLN 57.4m; adjusted net profit for 9M 2025 was PLN 33.6m (+24% y/y).
Omnichannel GMV reached PLN 5.5bn in Q3 2025 (+55% y/y) and PLN 14.5bn for 9M 2025 (+42% y/y); Store GMV rose 10% to PLN 8.5bn.
Operating profit margin improved to 24% from 22% year-over-year; net margin increased to 19% from 17%.
Net cash from operating activities rose 22% to PLN 51.1 million; cash and cash equivalents decreased by PLN 7.9 million due to dividend and acquisition payments.
Outlook and guidance
Management expects continued high growth in revenue and EBITDA, with further margin improvement and a strong Q4 due to e-commerce seasonality and infrastructure investments.
Optimistic outlook for 2025, driven by AI implementation, new product strategies, and SaaS e-commerce adoption.
The Group’s performance will be influenced by the integration of Apilo and Sempire, and the closure of the incentive scheme.
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