Earnings Poll: Poland's mBank fourth-quarter net profit seen slightly lower year-on-year

Mbank SA

06/02/2026 10:51

mBank Q4 results due February 10

Lender's Q4 net profit seen at 978 million zlotys

GDANSK, Feb 6 (Reuters) - Commerzbank's CBKG.DE Polish unit, mBank MBK.WA, is expected to post net profit of 978 million zlotys ($273.7 million) for the fourth quarter of 2025, a Reuters poll showed on Friday.

The forecast is slightly below the 986 million zloty profit reported in the fourth quarter of 2024, as a sharp drop in legal provisions for the bank's foreign currency mortgage portfolio is expected to be largely offset by lower interest income and a rise in operating costs.

Analysts expect net interest income to fall due to lower interest rates in Poland.

The following table summarises forecasts for mBank results (figures in millions of zlotys unless stated otherwise):

FOURTH QUARTER OF 2025

Net Profit
Net Interest Income
Net Fee Income
Median
978
2,418
540
Average
962
2404
540
Lowest
911
2320
534
Highest
1000
2448
544
No. of forecasts
5
5
5
Q4 2024
986
2505
497
Q3 2025
837
2461
580

Forecasts provided by: BOS SA, Erste, Millennium, PKO BP, Trigon

($1 = 3.5731 zlotys)

 (Reporting by Alicja Surdy; Editing by Jan Harvey)

 ((AlicjaEwa.Surdy2@thomsonreuters.com))