Dividend proposal boosts shares of Polish software group Text

Text SA

30/06/2025 10:49

** Shares in Polish software maker Text TEXT.WA jump 10% in morning trade after late on Friday the group proposed dividend payout of 6.06 zlotys per share

** "Investors are largely discounting the weak results, and the dividend recommendation may be supportive for the share price performance," Erste Group analyst Piotr Bogusz said

** Also on Friday, Text reported its Q4'24/25 results, which Bogusz said were below market expectations due to lower gross profit and higher-than-expected SG&A costs

** The analyst added that preliminary KPIs for Q1'25/26, especially the information on the number of users at LiveChat will be "an important factor for the share price in the following weeks"

** Stock is up 8.7% at 0946 GMT, sitting at the top of Poland's mid-cap Index mWIG40 .mWIG40

 (Reporting by Marta Maciag)

 ((Marta.Maciag@thomsonreuters.com))