Oponeo.pl (OPN) Q3 2025 earnings summary

Executive summary

• Q3 2025 sales reached 450,021k PLN, up 18.11% year-over-year; domestic sales grew 26.01%, while foreign sales dropped 17.02%.

• Net profit for Q3 2025 was 6,930k PLN, down from 8,761k PLN in Q3 2024; YTD net profit rose to 37,891k PLN from 36,043k PLN a year earlier.

• Sales volume of tires increased by 13.16% to 933,749 units; alloy wheel sales rose 0.58%.

• Dadelo S.A. (bicycles) sales surged 68.90% in Q3, while Rotopino.pl S.A. (tools) sales fell 31.29%.

Financial highlights

• YTD consolidated revenue: 1,426,554k PLN (+15.25% YoY).

• Q3 gross margin: 22.32% (down 0.27pp YoY); EBIT margin: 3.50% (up 0.04pp YoY); EBITDA margin: 5.65% (up 0.31pp YoY).

• Q3 net margin: 1.54% (down from 2.30% YoY).

• Cash flow from operations in Q3: -11,936k PLN; YTD: -154,293k PLN.

• Inventory at quarter-end: 952,204k PLN (+67.84% YoY).

Outlook and guidance

• Plans to strengthen domestic tire and wheel sales leadership, optimize foreign sales, and expand logistics automation.

• Further omnichannel expansion for Dadelo S.A. and optimization for Rotopino.pl S.A.

• No financial forecasts published for 2025.