Trakcja (TRK) Q3 2025 earnings summary

Executive summary

• Sales revenue for the first three quarters of 2025 reached 1.49 billion PLN, up 9% year-over-year, with net profit at 27.7 million PLN, a significant improvement from the previous year.

• EBITDA for the period was 76.8 million PLN, with a margin of 5.2%, reflecting operational improvements.

• The order backlog as of September 30, 2025, stood at 3.26 billion PLN, and new contracts signed in the period totaled 1.37 billion PLN.

Financial highlights

• Gross profit from sales increased to 88.1 million PLN, with a margin of 5.9%, up 0.7 p.p. year-over-year.

• Operating profit rose to 49.9 million PLN, up by 18.8 million PLN compared to the same period last year.

• Net profit improved by 16.9 million PLN year-over-year.

• EBITDA margin increased by 1.0 p.p. to 5.2%.

• Sales for the parent company rose 42% year-over-year to 906.3 million PLN, with EBITDA margin at 6.0%.

Outlook and guidance

• The company identifies strong market opportunities in railway, road, energy, and urban transport infrastructure, supported by large-scale government programs and EU funding.

• Anticipates continued growth in order intake, especially in energy and tramway infrastructure.