Skarbiec Holding (SKH) Q2 2024 earnings summary

Executive summary

• Focuses on holding management, with main revenue from dividends received from subsidiaries.

• No circumstances indicating a threat to business continuity as of June 30, 2024.

• The reporting period covers July 1, 2023, to June 30, 2024, with comparative data from the previous year.

Financial highlights

• Revenue from services: PLN 129k, down from PLN 542k year-over-year.

• Net loss: PLN -930k, compared to PLN -360k in the prior year.

• Operating loss: PLN -2,505k, improved from PLN -3,346k year-over-year.

• Net cash from operating activities: PLN -48k; investing: PLN -11,570k; financing: PLN -233k.

• Total assets: PLN 157,138k; equity: PLN 155,025k as of June 30, 2024.

Outlook and guidance

• The company expects to continue operations in an unchanged scope for at least 12 months from the balance sheet date.

• Management assesses the situation as stable, with no threats to continuity.