Enter Air (ENT) H1 2025 earnings summary

Executive summary

• Net profit for H1 2025 reached 187,777 thousand PLN, a significant turnaround from a net loss of 24,174 thousand PLN in H1 2024.

• Revenue increased by 7.7% year-over-year to 1,255,012 thousand PLN, driven by expanded operations and a 7% increase in flight operations.

• The group distributed a dividend of 52,631 thousand PLN (3.00 PLN per share) in July 2025, reflecting strong profitability.

Financial highlights

• Operating profit for H1 2025 was 64,499 thousand PLN, up from 61,640 thousand PLN in H1 2024.

• Net cash flow for H1 2025 was negative at -25,704 thousand PLN, compared to a positive 17,610 thousand PLN in H1 2024.

• Total assets as of June 30, 2025, were 3,120,130 thousand PLN, with equity at 481,817 thousand PLN.

• Basic and diluted EPS for H1 2025 was 10.70 PLN, compared to -1.38 PLN in H1 2024.

Outlook and guidance

• Management does not foresee significant factors that could impact results in the next half-year.

• No forecasts for 2025 were published.