Newag (NWG) Q1 2025 earnings summary

Executive summary

• Net sales reached 374.6 million PLN in Q1 2025, up 68% year-over-year, with net profit at 52.6 million PLN, a 257% increase compared to Q1 2024.

• EBITDA rose to 81.2 million PLN from 24.5 million PLN year-over-year, reflecting strong operational performance.

• The main revenue driver was the sale of locomotives and electric/diesel trainsets, with domestic sales dominating.

• No significant changes in group structure or management; business continuity is confirmed.

• No significant post-balance sheet events occurred.

Financial highlights

• Net sales: 374.6 million PLN (Q1 2025) vs. 223.4 million PLN (Q1 2024).

• Net profit: 52.6 million PLN (Q1 2025) vs. 14.8 million PLN (Q1 2024).

• EBITDA: 81.2 million PLN (Q1 2025) vs. 24.5 million PLN (Q1 2024).

• Operating cash flow: -66.9 million PLN (Q1 2025) vs. -184.8 million PLN (Q1 2024).

• Earnings per share: 1.17 PLN (Q1 2025) vs. 0.33 PLN (Q1 2024).

Outlook and guidance

• Management sees no threats to business continuity and expects stable operations.

• The Board recommends a dividend of 1.50 PLN per share from 2024 profit, pending shareholder approval.