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CDL GPW Periodic report · PAP Biznes

CDRL SA (CDL) · Q2 2026 results

Share price: 11.20 zł · 2026-11-10

Results Q2 2026 vs Q2 2025 · year over year · published 21 Aug 2026 and 28 Aug 2025

Net income turned to a profit from a loss a year earlier. The language turned more cautious.

Only a basic analysis is available for this company at the moment.

1 · Numbers

Turned profit

Net income vs Q2 2025

Net income 1.7M vs -1.9M

Revenue +6.1%

2 · How the report reads

More cautious

Language tone vs last period

Report language: restrained for a company report — more cautious than in Q2 2025.

Weak signal: formal report language, not a call.

3 · What stood out

CDRL SA faces a risk of significant deterioration in financial results due to potential currency appreciation increasing debt service costs and reducing the attractiveness of importing goods.

Valuation

Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

Valuation unavailable: inputs look inconsistent (market value only 2.4x the fcf: another reporting currency or a one-off gain).

Current price

11.20 zł

close of 2026-11-10

P/E

12.8

today

Revenue growth, 3 years

−13.9% a year

compound annual rate (CAGR)

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q2 2025.

Report language Restrained (was typical)

Restrained for a company report — more cautious than in Q2 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“There is a risk of significant appreciation of foreign currencies, and consequently, a deterioration in the attractiveness of importing goods, as well as an increase in debt service costs, which could have a significant negative impact on the financial results.”
“Thus, there is a potential risk of their destruction in the event of a fire; the loss of a significant amount of stored goods would have an adverse impact on the ability to conduct current operations and the financial results achieved by the Group.”
“The Group continuously monitors customer and creditor arrears in settling payments, analyzing credit risk individually or within specific asset classes defined based on credit risk (resulting from, e.g....”

Full figures

PLN · PAP Biznes report (2026-08-21)

Metric Q2 2026 Q2 2025 Change
Revenue 128.2M 120.8M +6.1%
Gross profit 6.4M -3.1M Turned profit
Operating income 6.5M -3.8M Turned profit
Net income 1.7M -1.9M Turned profit
EPS 0.29 -0.32 Turned profit
P/E today 12.8 13.1 12-mo loss —

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • New With respect to receivables from supplies and services, the company is not exposed to credit risk in connection with a single significant…
  • New The asset structure remained at the level of the previous year.
  • New At the same time, the cost of goods sold decreased by 3.7%, resulting in the realized gross margin on the sale of goods increasing from…
  • In the periods covered by the condensed interim consolidated financial statements, all revenues from sales related to continuing operations…
  • New The management's position regarding the feasibility of achieving previously published earnings forecasts

Faded since Q2 2025

  • Nothing dropped away.

Latest announcements

Official filings, newest first.

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