Grupa Kety (KTY) Q4 2025 earnings summary

Executive summary

• Achieved record consolidated sales of 5,494 mln PLN (+7% y/y), with 49% from exports, despite challenging market conditions and weak European demand.

• EBITDA reached 1,021 mln PLN (+10% y/y), net profit 568 mln PLN (+1% y/y), and operating profit 784 mln PLN (+9% y/y).

• Dividend payout totaled 545 mln PLN (55.46 PLN/share), representing 97% of 2024 net profit.

• Strategic investments included the integration of Selt sp. z o.o. and the launch of a major BOPP film line project.

Financial highlights

• Consolidated sales: 5,494 mln PLN (+7% y/y); EBITDA: 1,021 mln PLN (+10% y/y); net profit: 568 mln PLN (+1% y/y).

• Operating cash flow: 937 mln PLN (+33% y/y); net debt reduced to 1,372 mln PLN (-9% y/y).

• ROE: 28.4%; ROA: 13.6%; EBITDA margin: 18.6%; net margin: 10.3%.

• Dividend payout ratio: 97% of 2024 net profit.

Outlook and guidance

• 2026 guidance: sales 5,889 mln PLN (+7%), EBITDA 1,112 mln PLN (+9%), net profit 636 mln PLN (+12%).

• Continued focus on international expansion, efficiency, and ESG targets.

• Planned investments of 314 mln PLN in 2026, mainly in new BOPP film line and automation.

• Dividend policy: 60–100% of net profit, with 85% payout assumed in forecasts.