Green energy segment aids Polish telecom firm Cyfrowy Polsat's quarterly core profit (updated)

Cyfrowy Polsat SA

10/04/2025 06:38

Recasts with focus on energy segment, adds additional information from para 3

GDANSK, April 10 (Reuters) -
Polish telecom and media firm Cyfrowy Polsat CPS.WA reported a 15.3% rise in quarterly adjusted core profit on Thursday, driven by stronger contributions from its green energy segment, higher retail revenue, and gains from apartment sales.

Core profit came in at 781 million zlotys ($202.24 million), surpassing analysts' expectations of 767 million zlotys, according to a Reuters poll.

Cyfrowy Polsat entered the green energy sector in 2023 and plans to invest about 5 billion zlotys in expanding its clean energy production from photovoltaics, biomass, onshore wind farms and thermal waste treatment between 2022 and 2026.

Revenue from energy sales rose 19% year-on-year in the quarter, reaching 340 million zlotys, mainly due to higher production volumes from wind farm expansions.

The total volume of green electricity produced by the company increased by 64.5% year-on-year, reaching 295 gigawatt-hours (GWh), mainly from biomass and wind farms.

 (Reporting by Rafal W. Nowak; Editing by Sherry Jacob-Phillips)

 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))