Earnings Poll: Polish retailer Zabka seen posting first-quarter net loss due to financing costs

Zabka SA

07/05/2025 15:59

Zabka first-quarter results due May 12

Net loss seen at 88 mln zlotys

GDANSK, May 7 (Reuters) - Polish convenience store chain Zabka ZAB.WA is expected to report a first-quarter net loss of 88 million zlotys ($23.4 million), mainly due to high net financing costs stemming from interest expenses, a Reuters poll showed on Wednesday.

Analysts from five banks and brokerages expect Zabka's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to rise 15% year-on-year to 593 million zlotys, supported by continued store expansion and steady like-for-like sales growth.

The retailer is expected to have opened a net total of 335 stores in the first quarter of 2025, bringing its store count to 11,404, a 10% increase from a year earlier, as the company continues its aggressive expansion strategy.

Zabka, which made its debut on the Warsaw Stock Exchange in October 2024 with a 6.45 billion zloty initial public offering, recently joined Poland's blue-chip index, the WIG20.

The following table summarises analysts' forecasts for Zabka for the first quarter of 2025:

(Figures in millions of zlotys unless stated otherwise)

NET PROFIT
ADJ.EBITDA
REVENUE
EBIT
Average
-88
593
5813
104
Median
-83
600
5853
105
Lowest
-112
555
5650
100
Highest
-64
610
5897
108
No. of forecasts
5
5
5
4
Q1 2024
-97
518
5015
129
Q4 2024
216
987
6885
421

Forecasts provided by: Trigon DM, Pekao DM, mBank DM, Santander DMBank, Ipopema.

($1 = 3.7618 zlotys)

 (Reporting by Marta Maciag; Editing by Jan Harvey)

 ((Marta.maciag@thomsonreuters.com))