Cyber_Folks (CBF) Q4 2025 earnings summary

Executive summary

• Achieved record financial results in Q4 2025, with significant year-over-year growth in revenue and profitability.

• Operates the largest e-commerce ecosystem in Europe, serving over 700,000 customers and generating EUR 35 billion in GMV.

• Growth driven by organic expansion and strategic acquisitions, integrating local leaders into a unified platform.

• AI integration enhances operational efficiency, merchant retention, and ARPU.

Financial highlights

• Q4 2025 revenue rose 37% year-over-year to PLN 237 million; adjusted EBITDA up 71% to PLN 82 million.

• Full-year 2025 revenue increased 30% to PLN 855 million; adjusted EBITDA up 66% to PLN 292 million.

• Net profit for Q4 2025 grew 35% to PLN 44 million; full-year net profit up 16% to PLN 128 million.

• Operating cash flow for 2025 reached PLN 261 million, up 39% year-over-year.

• Dividend payments and share buybacks totaled PLN 38 million in 2025.

Outlook and guidance

• Expects continued strong growth through further M&A and organic expansion across Europe.

• Focus on leveraging AI to reduce merchant operational workload by 50% and increase GMV.