ENT GPW sWIG80 Periodic report · PAP Biznes
Enter Air SA (ENT) · Q1 2026 results and valuation
Share price: 50.30 zł · 2026-11-10
Enter Air SA provides aircraft leasing services with crews for airlines and operates as a charter airline. The company operates in Poland and maintains several bases in Poland and other European countries. Sources: Quarterly report (2026-05-28) · Wikipedia
Results Q1 2026 vs Q1 2025 · year over year · published 28 May 2026 and 29 May 2025
Net income turned to a loss from a profit a year earlier. The report's language is unchanged.
1 · Numbers
Turned loss
Net income vs Q1 2025
Net income -158.6M vs 27.1M
Revenue +3.7%
Why Net income fell because of fixed depreciation costs, lower sales revenue during the winter period, and a peak in technical maintenance costs during preparations for the upcoming summer season.
2 · How the report reads
Unchanged
Language tone vs last period
Report language: restrained for a company report — about as upbeat as in Q1 2025.
Weak signal: formal report language, not a call.
3 · What stood out
Enter Air is required to pay consumers approximately 8.2 million PLN in compensation to remedy the consequences of violations.
Valuation
Is Enter Air SA undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 9.4% growth a year (3-year revenue growth), the model's fair value is 179.56 zł a share — the stock trades 72% below it. Today's price assumes −10.2% growth a year.
Current price
50.30 zł
close of 2026-11-10
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
-10.2% for 10 yrs
Fair value / share
179.56 zł
Buy below
134.67 zł
Price vs fair value
Undervalued 72%
Price vs buy-below price
Undervalued 63%
Read between the lines
-
Figure
The company is required to pay consumers total compensation of approximately 8.2 million PLN to rectify the effects of violations.
Source quote
“The decision is binding and imposes an obligation on the Company to undertake actions aimed at remedying the consequences of the violations by granting consumers compensation with a total value of approximately 8.2 million PLN.”
-
Key theme
The company is facing a legal dispute regarding a claim to cease disseminating content that violates the personal rights of former employees of Enter Air Sp. z o.o.
Source quote
“The subject of the dispute is a claim to cease the dissemination of content violating the personal rights of former employees of the Company Enter Air Sp. z o.o.”
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: Q1 2026. Ring: Q1 2025.
Restrained for a company report — about as upbeat as in Q1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.
Sentences that drove the tone
“Credit risk means the risk that a counterparty will fail to fulfill contractual obligations, resulting in the Group incurring financial losses.”
“Due to the dynamic and unpredictable nature of the geopolitical situation, the potential impact of future events remains difficult to estimate reliably.”
“Currency risk exposure results from the possibility of a mismatch between the level of revenues and expenses in different currencies, which may expose the Group to losses in the event of unfavorable exchange rate movements of individual currencies.”
Full figures
PLN · PAP Biznes report (2026-05-28)
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | 482.4M | 465.3M | +3.7% |
| Gross profit | -35.6M | -17.3M | Loss widened |
| Operating income | -51.2M | -35.9M | Loss widened |
| Net income | -158.6M | 27.1M | Turned loss |
| EPS | -9.05 | 1.54 | Turned loss |
| P/E today 3.8 | 4.3 | 18.4 | −14.1 |
Topics
Topics are drawn from the full report text, not management commentary.
Most discussed now
- With regard to the remaining changes, the Group does not identify a potential material impact on the financial statements of future periods.
- This phenomenon is typical for the entire charter transport sector and results from the seasonality underlying the tourism services market.
- According to the articles of association of the parent entity, the scope of business includes, among others: − other consulting activities…
- The consolidated statement of total income should be analyzed in conjunction with the notes to the consolidated financial statements, which…
Faded since Q1 2025
- Fading During the period covered by the report, the Group companies entered into transactions with the company Student Club sp.
- Fading The Group's Management believes that the carrying amount of the financial liabilities is close to their fair value.
Latest announcements
Official filings, newest first. Summaries are generated from each filing and its attachment; every figure is checked against the source.
- Half-year report · ESPI periodic · routine
- Zawiadomienie o zmianie udziału w głosach Enter Air S.A. · ESPI 12/2026
Nationale-Nederlanden Powszechne Towarzystwo Emerytalne Spółka Akcyjna submitted an initial notification of holding 1,874,841 shares, representing a 10.68666% stake in the share capital and voting rights of Enter Air S.A.
- Zawiadomienie o zmianie udziału w głosach Enter Air S.A. · ESPI 11/2026
On June 25, 2026, ENTR INVESTMENTS sp. z o.o. sold 1,231,022 shares, resulting in a decrease in its share of the share capital from 7.02% to 0%.
- Uchwała Zwyczajnego Walnego Zgromadzenia Enter Air S.A. w sprawie wypłaty dywidendy · ESPI 10/2026 · routine
- Wykaz akcjonariuszy posiadających co najmniej 5% głosów na Zwyczajnym Walnym Zgromadzeniu Enter Air S.A. w dniu 18 czerwca 2026 r. · ESPI 9/2026 · routine
- Treść uchwał podjętych przez Zwyczajne Walne Zgromadzenie Enter Air S.A. w dniu 18 czerwca 2026 r. · ESPI 8/2026 · routine
- Quarterly report · ESPI periodic · routine
- Zwołanie Zwyczajnego Walnego Zgromadzenia Enter Air S.A. · ESPI 7/2026 · routine