Fabryka Farb i Lakierów Sniezka (SKA) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached 380.3 million PLN, stable year-over-year despite high market uncertainty and subdued consumer demand.

• EBITDA increased by 2% year-over-year to 67.8 million PLN, and net profit rose by 14.3% to 35.7 million PLN.

• Performance varied by geography: stable in Poland (-0.7% y/y), strong growth in Hungary (+12.3% y/y), and a decline in Ukraine (-14.1% y/y).

• Maintained stable sales despite challenging market conditions.

• Record dividend payout of 65.0 million PLN from 2025 profits, totaling 647.1 million PLN since IPO.

Financial highlights

• Gross margin improved by 2.6 percentage points year-over-year to 52.5%.

• Gross profit for H1 2026 was 43.6 million PLN, up 10.5% year-over-year.

• EBIT for H1 2026 was 47.8 million PLN, up 1% year-over-year.

• Net debt/EBITDA ratio decreased to 1.6x from 1.7x a year earlier.

• Cash and equivalents at period end were 9.8 million PLN.

Outlook and guidance

• Entering the second half of the season with a strong financial foundation and improved operational efficiency.

• Market conditions remain uncertain, especially in Ukraine due to ongoing conflict.