Inter Cars (CAR) H2 2025 earnings summary

Executive summary

• Achieved over 10% sales growth in Q4 2025 and nearly 9% for the full year, outpacing most peers in the European independent aftermarket.

• Achieved #1 position in CEE for passenger car parts and #1 in the EU for truck parts, with presence in 20 countries and a comprehensive mobility ecosystem.

• Demonstrated strong organic growth and market share gains across core markets, supported by a diversified segment structure and omnichannel approach.

• Market share increased, with foreign distribution entities growing faster than the domestic Polish market.

• Opened 24 new branches abroad and closed 4 in Poland, reaching 684 branches by year-end.

Financial highlights

• 2025 sales reached €5.0 billion (PLN 21.2 billion), up 10.7% in EUR and 9.0% in PLN year-over-year.

• Q4 2025 sales reached PLN 5.7 billion, up over 10% year-over-year.

• Net profit rose 32% in Q4 2025 to PLN 2.023 billion; full-year net profit up 11%.

• EBITDA CAGR of 16.3% and sales CAGR of 16.2% from 2013 to 2025.

• Cash conversion rate at 63% for 2025.

Outlook and guidance

• Expecting continued growth in 2026, targeting a 10% sales increase and stable profitability.

• Expects continued market share gains in all markets, with notable sales growth in Germany (+724%), Belgium (+451%), and Albania (+811%) year-over-year.

• Efficiency gains anticipated from three robotized warehouses, with annual savings of PLN 25–30 million per project.

• No major changes in indebtedness expected; CapEx of PLN 600 million planned for 2026–2027, mainly for a new warehouse in Szczecin.

• Forecasts further expansion and investment in logistics and digital platforms.