| CONSOLIDATED QUARTERLY REPORT IN PLN THOUSANDS | IV Q 2025 (01-03.26) | III Q 2025 (10-12.25) | II Q 2025 (07-09.25) | I Q 2025 (04-06.25) | IV Q 2024 (01-03.2025) |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 350 860 | 308 284 | 280 279 | 269 938 | 328 958 |
| Gross profit on sales | 99 775 | 99 395 | 102 488 | 101 128 | 118 988 |
| Profit (loss) on operating activities | -9 150 | 12 126 | 27 148 | 23 715 | 35 705 |
| Profit (loss) before tax | -12 832 | 11 194 | 25 955 | 16 604 | 34 578 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | -31 146 | 7 732 | 34 362 | 11 241 | 28 618 |
| Profit (loss) for the period | -31 152 | 7 715 | 33 583 | 11 232 | 28 432 |
| Number of shares | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 |
| Profit (loss) per ordinary share attributable to shareholders of the Parent Company (PLN/ EUR) | -1,27 | 0,33 | 1,40 | 0,47 | 1,20 |
| Net cash flows from operating activities | 25 583 | 21 609 | 14 943 | 43 034 | 25 870 |
| Net cash flow from investing activities | -8 448 | -5 335 | 3 902 | -5 005 | 6 641 |
| Net cash flow from financing activities | -23 684 | -20 955 | -54 856 | -44 004 | -22 713 |
| Net increase/decrease in cash and cash equivalents | -6 387 | -4 773 | -35 850 | -5 700 | 9 525 |
| Total assets | 1 373 011 | 1 354 973 | 1 378 528 | 1 411 584 | 1 480 510 |
| Total liabilities | 495 258 | 428 746 | 453 370 | 496 488 | 550 810 |
| Non-current liabilities | 54 189 | 227 119 | 234 270 | 282 588 | 305 500 |
| Current liabilities | 441 069 | 201 627 | 219 100 | 213 900 | 245 310 |
| Equity (attributable to shareholders of the Parent Company) | 876 820 | 925 289 | 924 203 | 913 359 | 927 955 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 36,64 | 38,66 | 38,62 | 38,17 | 38,78 |
| EBIT | -9 150 | 12 126 | 27 148 | 23 715 | 35 705 |
| EBITDA | 5 572 | 25 969 | 41 042 | 37 667 | 49 635 |
| Gross margin on sales % | 28,4% | 32,2% | 36,6% | 37,5% | 36,2% |
| Return on sales (ROS) % | -8,9% | 2,5% | 12,0% | 4,2% | 8,6% |
| Return on equity (ROE) net profit / equity % | -3,6% | 0,8% | 3,6% | 1,2% | 3,1% |
| Return on assets (ROA) net profit/ total assets % | -2,3% | 0,6% | 2,4% | 0,8% | 1,9% |
| CONSOLIDATED HALF-YEAR REPORT IN THOUSANDS OF PLN | II H 2025 (10.25-03.26) | I H 2025 (04-09.25) | II H 2024 (10.24-03.25) | I H 2024 (04-09.2024) | I H 2023 (10.2023-03.2024) |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 659 144 | 550 217 | 622 510 | 478 902 | 555 003 |
| Gross profit on sales | 199 170 | 203 616 | 225 944 | 159 803 | 165 847 |
| Profit (loss) on operating activities | 2 976 | 50 863 | 57 570 | 13 918 | 9 425 |
| Profit (loss) before tax | -1 638 | 42 559 | 54 094 | 7 601 | 7 212 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | -23 414 | 45 603 | 48 151 | 2 039 | 9 519 |
| Profit (loss) for the period | -23 437 | 44 815 | 47 958 | 2 033 | 9 374 |
| Number of shares | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 |
| Profit (loss) per ordinary share attributable to shareholders of the Parent Company (PLN/ EUR) | -0,98 | 1,91 | 2,01 | 0,09 | 0,39 |
| Net cash flows from operating activities | 47 192 | 57 977 | 65 595 | 43 623 | 48 970 |
| Net cash flow from investing activities | -13 783 | -1 103 | 4 224 | 1 483 | -2 709 |
| Net cash flow from financing activities | -44 639 | -98 860 | -39 048 | 7 947 | -31 614 |
| Net increase/decrease in cash and cash equivalents | -11 160 | -41 550 | 30 403 | 53 177 | 14 371 |
| Total assets | 1 373 011 | 1 378 528 | 1 480 510 | 1 478 697 | 1 438 382 |
| Total liabilities | 495 258 | 453 370 | 550 810 | 571 224 | 528 607 |
| Non-current liabilities | 54 189 | 234 270 | 305 500 | 349 213 | 59 842 |
| Current liabilities | 441 069 | 219 100 | 245 310 | 222 012 | 468 765 |
| Equity (attributable to shareholders of the Parent Company) | 876 820 | 924 203 | 927 955 | 905 535 | 907 829 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 36,64 | 38,62 | 38,78 | 37,84 | 37,94 |
| EBIT | 2 976 | 50 863 | 57 570 | 13 918 | 9 425 |
| EBITDA | 31 541 | 78 709 | 85 396 | 41 918 | 37 277 |
| Gross margin on sales % | 30,20% | 37,00% | 36,30% | 33,40% | 29,90% |
| Return on sales (ROS) % | -3,56% | 8,10% | 7,70% | 0,40% | 1,70% |
| Return on equity (ROE) net profit / equity % | -2,70% | 4,80% | 5,20% | 0,20% | 1,00% |
| Return on assets (ROA) net profit/ total assets % | -1,70% | 3,30% | 3,20% | 0,10% | 0,60% |
| CONSOLIDATED ANNUAL REPORT IN THOUSANDS OF PLN | 12 m-cy 2025 01.04.2025-31.03.2026 | 12 m-cy 2024 01.04.2024-31.03.2025 | 12 m-cy 2023 01.04.2023-31.03.2024* | 15 m-cy 2022 01.01.2022-31.03.2023 | 12 m-cy 2022 01.01.2022-31.12.2022 |
|---|---|---|---|---|---|
| Net revenue from sales of products, goods, materials and services | 1 209 361 | 1 101 412 | 1 030 669 | 1 598 422 | 1 273 944 |
| Gross profit on sales | 402 786 | 385 747 | 309 704 | 507 948 | 412 917 |
| Profit (loss) on operating activities | 53 839 | 71 488 | -2 467 | 98 426 | 88 179 |
| Profit (loss) before tax | 40 921 | 61 695 | -14 648 | 68 064 | 62 251 |
| Profit (loss) for the period attributable to shareholders of the Parent Compan | 22 189 | 50 190 | -60 608 | 88 148 | 89 544 |
| Profit (loss) for the period | 21 378 | 49 991 | -60 779 | 87 642 | 89 260 |
| Number of shares | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 | 23 930 769 |
| Profit (loss) per ordinary share attributable to shareholders of the Parent Company (PLN/ EUR) | 0,93 | 2,10 | -2,54 | 3,66 | 3,73 |
| Net cash flows from operating activities | 105 169 | 109 218 | 101 852 | 33 534 | 11 596 |
| Net cash flow from investing activities | -14 886 | 5 707 | -36 858 | -19 513 | -16 746 |
| Net cash flow from financing activities | -143 499 | -31 101 | -63 155 | -13 401 | -3 980 |
| Net increase/decrease in cash and cash equivalents | -52 710 | 83 580 | 1 578 | 757 | -8 975 |
| Total assets | 1 373 011 | 1 480 510 | 1 449 755 | 1 496 103 | 1 481 119 |
| Total liabilities | 495 258 | 550 810 | 539 980 | 614 105 | 623 024 |
| Non-current liabilities | 54 189 | 305 500 | 71 215 | 284 202 | 310 693 |
| Current liabilities | 441 069 | 245 310 | 468 765 | 329 903 | 312 331 |
| Equity (attributable to shareholders of the Parent Company) | 876 820 | 927 955 | 907 829 | 879 877 | 855 752 |
| Share capital | 23 931 | 23 931 | 23 931 | 23 931 | 23 931 |
| Book value per share (PLN/EUR) | 36,64 | 38,78 | 37,94 | 36,77 | 35,75 |
| EBIT | 53 839 | 71488 | -2 467 | 98 426 | 88 179 |
| EBITDA | 110 250 | 127314 | 52 787 | 167 135 | 143 574 |
| Gross margin on sales % | 33,3% | 35,0% | 30,0% | 31,77% | 32,41% |
| Return on sales (ROS) % | 1,8% | 4,5% | -5,9% | 5,48% | 7,03% |
| Return on equity (ROE) net profit / equity % | 2,4% | 5,4% | -6,7% | 9,96% | 10,46% |
| Return on assets (ROA) net profit/ total assets % | 1,6% | 3,4% | -4,2% | 5,86% | 6,05% |
At the Extraordinary General Meeting of Shareholders of Fabryki Mebli “FORTE” S.A. on June 16, 2021, a resolution was adopted, based on which the fiscal year was changed to ultimately run from April 1 to March 31 of the following calendar year. As a consequence of this decision, the fiscal and tax year that began on January 1, 2022, had a transitional nature and lasted for 15 months until March 31, 2023. VQ 2022 covers the period from January 1, 2023, to March 31, 2023, resulting from the transitional 15-month fiscal year.
The first official fiscal year of the Group commenced on April 1, 2023, and lasted until March 31, 2024.
