Auto Partner (APR) Q2 2025 earnings summary

Executive summary

• Achieved record H1 2025 revenue of PLN 2,214.5 million, up 7.7% year over year, with growth in both domestic and international markets; export sales grew faster than domestic sales.

• Export sales accounted for 51% of total revenue, reflecting continued international expansion.

• Gross profit increased by 3.9% to PLN 578.8 million, while net profit was stable at PLN 97.2 million, reflecting higher costs related to new logistics operations.

• Maintained solid profitability and strong cost discipline despite market headwinds and rising expenses.

• Plans underway to open a new, highly automated 30,000 m² distribution centre in Zgorzelec by late 2025 or early 2026.

Financial highlights

• Revenue reached PLN 2,214.5 million (+7.7% year over year).

• EBITDA was PLN 167.5 million (+4% year over year), with an EBITDA margin of 7.6%.

• EBIT stood at PLN 138.3 million (+3% year over year).

• Net profit was PLN 97.2 million, nearly flat year over year (-0.1%), with a net profit margin of 4.4%.

• Gross margin for H1 2025 was 26.1%.

Outlook and guidance

• Positive outlook for the automotive parts distribution market, with focus on margin improvement, cost control, and business scale expansion.

• The Group is expanding its logistics network, including a new centre in Zgorzelec, and targeting further international growth, especially in Germany.

• Management expects continued growth in export sales and ongoing product diversification to support profitability.

• Key risks include inflation, currency fluctuations, and interest rate changes.