Amica (AMC) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was PLN 1,111.5m, down 3.3% year-over-year; net profit reached PLN 7.0m, a significant improvement from a net loss of PLN 1.2m in H1 2025.

• Operating profit increased to PLN 23.3m from PLN 19.2m year-over-year, with improved cash flow from operations at PLN 36.0m versus negative PLN 44.0m a year earlier.

• Dividend of PLN 2.50 per share was paid in July 2026, up from PLN 2.00 per share in 2025.

Financial highlights

• Gross margin improved to 28.2% from 27.0% year-over-year.

• Net cash from operating activities was PLN 36.0m, with net cash outflows from investing and financing activities at PLN -9.0m and PLN -30.2m, respectively.

• Total assets at June 30, 2026 were PLN 1,955.4m, with equity attributable to shareholders at PLN 1,062.3m.

• Basic EPS for H1 2026 was PLN 0.91, compared to a loss of PLN 0.16 per share in H1 2025.

Outlook and guidance

• Management expects stable financial position and sufficient liquidity for ongoing operations.

• Key focus is on refinancing bonds maturing in 2026, with preliminary agreements in place for new issuance.

• Geopolitical risks, especially from the Middle East and Ukraine, may impact future results, but current hedging limits currency risk.