Enter Air (ENT) Q1 2025 earnings summary

Executive summary

• Net profit for Q1 2025 reached 27,090 thousand PLN, a significant turnaround from a net loss of 64,257 thousand PLN in Q1 2024, driven by higher revenues and positive financial results.

• Revenue increased by 18.4% year-over-year to 465,306 thousand PLN, reflecting expanded operations and a 16% increase in flight operations.

• The group maintained stable operations, executing all planned technical inspections and meeting contractual obligations.

Financial highlights

• Revenue: 465,306 thousand PLN (Q1 2025) vs. 392,875 thousand PLN (Q1 2024).

• Net profit: 27,090 thousand PLN (Q1 2025) vs. net loss of 64,257 thousand PLN (Q1 2024).

• Operating loss: 35,929 thousand PLN (Q1 2025) vs. 25,931 thousand PLN (Q1 2024).

• Net cash used in operating activities: -30,365 thousand PLN (Q1 2025) vs. -12,243 thousand PLN (Q1 2024).

• Cash and equivalents at period end: 193,223 thousand PLN (down from 299,501 thousand PLN at year-end 2024).

Outlook and guidance

• No significant changes in financial, asset, or personnel situation expected to impact the ability to meet obligations.

• No material factors identified that could affect results in the next quarter.