Cyfrowy Polsat cuts its 2025 earnings outlook

Cyfrowy Polsat SA

20/11/2025 13:45

Nov 20 (Reuters) - Polish media and telecom group Cyfrowy Polsat now expects its 2025 adjusted core earnings (EBITDA) to be potentially lower than in 2024, its finance chief Katarzyna Ostap-Tomann said on Thursday, reversing its previous guidance.

"Regarding full-year adjusted EBITDA for this year, it might be a bit lower than the comparable adjusted EBITDA for 2024,"  Ostap-Tomann said during a conference call.

The company had previously forecast that its 2025 EBITDA would not be lower than the result reported for 2024, which came in at 3.30 billion zlotys ($897.93 million).

Cyfrowy Polsat on Tuesday posted a 72% fall in third-quarter net profit to 69.6 million zlotys, below analysts' expectations. A slump in energy and equipment sales overshadowed growth in its core retail business.

Ostap-Tomann said the group expects full-year free cash flow to be between 600 million and 700 million zlotys.

Adjusted EBITDA for the first nine months of 2025 reached 2.40 billion zlotys.

At 1345 GMT, the company's shares were down 6%.

($1 = 3.6751 zlotys)

 (Reporting by Marta Maciag; Editing by Matt Scuffham)

 ((Marta.Maciag@thomsonreuters.com;))