Oponeo.pl (OPN) Q4 2025 earnings summary

Executive summary

• Revenue increased by 12.1% year-over-year to 2,370,875 thousand PLN, driven by growth in all main segments, especially automotive and bicycle accessories.

• Net profit declined to 58,439 thousand PLN from 89,476 thousand PLN year-over-year, mainly due to higher operating and financial costs and a significant impairment charge in the tools segment.

• The group maintained its leading position in online tire sales in Poland and expanded its stationary bicycle retail network.

• No significant post-balance sheet events or legal disputes affecting operations were reported.

Financial highlights

• Revenue: 2,370,875 thousand PLN (up from 2,114,326 thousand PLN year-over-year).

• Net profit: 58,439 thousand PLN (down from 89,476 thousand PLN year-over-year).

• Gross margin: 22.2% (down from 22.8% year-over-year).

• EPS: 4.64 PLN (down from 6.41 PLN year-over-year).

• EBITDA: 135,723 thousand PLN (down from 152,197 thousand PLN year-over-year).

• Dividend paid: 76,403 thousand PLN (6.80 PLN per share).

Outlook and guidance

• Continued expansion of stationary bicycle stores planned for 2026.

• Management expects stable demand in the automotive and bicycle segments, with moderate growth in tools.

• No material risks identified from geopolitical events; supply chains and operations remain stable.