Selvita S.A. (SLV) Q4 2025 earnings summary

Executive summary

• Achieved 7% year-over-year growth in group commercial revenues and 24% increase in EBITDA, with a 19% EBITDA margin for 2025.

• Resource optimization and lean management initiatives delivered a PLN 2m positive EBIT impact in H2 2025, with expected total savings of PLN 27m in 2026.

• Secured PLN 112m in grant funding for 2025-2029, including PLN 51m for new service development.

• 2026 outlook is positive but backlog growth remains modest at +0.3% year-over-year as of March.

Financial highlights

• 2025 commercial revenues reached PLN 362.9m, up 7% from 2024.

• EBITDA rose to PLN 69.0m (+24% YoY), with profitability improving to 18.6%.

• Organic commercial revenues grew 4% YoY, with a 20% organic EBITDA margin.

• Adjusted EBITDA increased 28% YoY, excluding PLN 2.7m in one-off costs.

• FX movements negatively impacted revenues by approximately PLN 8.5m.

Outlook and guidance

• Q1 2026 revenues estimated at PLN 78-82m, with an EBITDA margin of 13-16%.

• 2026 backlog as of March up 0.3% YoY, with a 5.4 percentage point improvement since January.

• Contracting activity in Q2-Q3 2026 will be decisive for full-year results.

• PLN 27m in cost savings expected in 2026 from resource optimization.