Stalprodukt (STP) Q3 2025 earnings summary

Executive summary

• Sales revenue for Q3 2025 decreased by 7% year-over-year, with a net loss of PLN 8.2 million compared to a loss of PLN 5.8 million in Q3 2024.

• The electrical sheets segment saw a 24.4% drop in sales revenue due to aggressive pricing from Asian competitors, while the profiles segment increased sales volume by 18% and revenue by 7%.

• The zinc segment's revenue declined by 5.6% year-over-year, but segment results remained stable.

Financial highlights

• Gross profit on sales for Q3 2025 was PLN 47.1 million, down from PLN 56.1 million in Q3 2024.

• Operating loss for Q3 2025 was PLN 21.3 million, compared to a loss of PLN 6.1 million in Q3 2024.

• Net loss for Q3 2025 was PLN 8.2 million, compared to a net loss of PLN 5.8 million in Q3 2024.

• Dividend of PLN 30.5 million was paid in July 2025 for the 2024 financial year.

Outlook and guidance

• Management expects continued pressure on transformer sheet sales due to Asian imports and high energy costs.

• Further restructuring may be required if profitability in the electrical sheets segment continues to decline.

• No significant improvement is expected in the profiles segment environment in the coming quarters.