Newag (NWG) Q3 2025 earnings summary

Executive summary

• Net sales for the first nine months of 2025 reached PLN 1,774.1 million, up 55.6% year-over-year.

• Net profit for the period was PLN 283.1 million, a 207.8% increase compared to the same period in 2024.

• EBITDA rose to PLN 394.9 million, up from PLN 152.4 million year-over-year.

• Strong cash flow from operating activities at PLN 127.2 million, reversing a negative PLN 223.5 million in the prior year.

• No significant post-balance sheet events or changes in group structure occurred during the period.

Financial highlights

• Revenue: PLN 1,774.1 million (up from PLN 1,140.3 million year-over-year).

• Operating profit: PLN 351.7 million (up from PLN 115.8 million year-over-year).

• Net profit: PLN 283.1 million (up from PLN 91.98 million year-over-year).

• EBITDA: PLN 394.9 million (up from PLN 152.4 million year-over-year).

• Earnings per share: PLN 6.29 (up from PLN 2.04 year-over-year).

• Net cash from operating activities: PLN 127.2 million (vs. -PLN 223.5 million year-over-year).

• Total assets: PLN 2,070.5 million as of 30.09.2025.

Outlook and guidance

• Management sees no threat to business continuity and expects stable operations in the foreseeable future.

• No significant risks identified that would impact the group’s ability to continue as a going concern.