Answear.com (ANR) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 increased by 7.4% year-over-year to PLN 378.7m, driven by strong growth in Poland (+21.3%) and effective marketing strategies.

• Gross margin improved to 39.9% (+0.3pp YoY), reflecting better product mix and negotiations with partners.

• EBITDA reached PLN 6.6m (1.7% margin), lower than Q1 2025 but higher than Q1 2024, impacted by higher marketing and logistics costs.

• Net loss of PLN -6.8m, compared to a net profit of PLN 3.7m in Q1 2025, mainly due to negative FX differences and higher financial costs.

Financial highlights

• Sales: PLN 378.7m (+7.4% YoY); Poland led with 21.3% growth, while EU ex-Poland and non-EU markets grew slower.

• Gross profit: PLN 151.2m (39.9% margin, +0.3pp YoY).

• EBITDA: PLN 6.6m (1.7% margin), down from PLN 9.9m (2.8%) in Q1 2025.

• Net loss: PLN -6.8m vs. PLN 3.7m profit in Q1 2025.

• Operating cash flow: PLN -17.4m (improved YoY due to better inventory management).

• Cash at period end: PLN 18.0m (down from PLN 63.2m at 2025 year-end).

Outlook and guidance

• Results in coming quarters will depend on execution of premiumization strategy, macroeconomic conditions, and FX trends.

• Key risks include consumer demand, situation in Ukraine, global conflicts, and currency volatility.

• No financial forecasts for 2026 were published.