Unimot (UNT) Q2 2025 earnings summary

Executive summary

• Sales revenue for H1 2025 reached PLN 7.2 billion, up 11% year-over-year, but net loss attributable to shareholders was PLN 28.6 million versus a profit of PLN 55.7 million in H1 2024.

• Operating profit dropped to PLN 42.0 million from PLN 98.9 million year-over-year.

• Negative net cash flows of PLN 192.0 million, with significant outflows from financing activities.

• Dividend of PLN 49.2 million paid from supplementary capital despite net loss in 2024.

Financial highlights

• Gross profit swung to a loss of PLN 20.9 million from a profit of PLN 76.0 million year-over-year.

• Net cash flow from operating activities was PLN 191.8 million, a reversal from negative PLN 203.2 million in H1 2024.

• Total assets stood at PLN 3.45 billion, with equity at PLN 1.04 billion as of June 30, 2025.

• Book value per share decreased to PLN 127.24 from PLN 144.54 at year-end 2024.

Outlook and guidance

• Management confirmed going concern status and no circumstances indicating threats to continuity.

• New credit agreements post-balance sheet date provide up to PLN 260 million in additional liquidity.

• Seasonal volatility expected, with higher demand for fuels and bitumen in Q3 and Q4.