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EQU GPW Periodic report · PAP Biznes

Equnico SA (EQU) · Q1 2026 results and valuation

Share price: 1.41 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 1 Jun 2026 and 29 May 2025

Net income down 74.2% year on year. The report's language is unchanged.

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

1 · Numbers

−74.2%

Net income vs Q1 2025

Net income 691.0K vs 2.7M

Revenue +10.6%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: cautious for a company report — about as upbeat as in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Key theme

The company recorded 6.4 in write-downs due to the loss of value of financial and tangible assets, affecting the consolidated equity of the Parent…

Valuation

Is Equnico 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 −20.0% growth a year (3-year revenue growth), the model's fair value is 0.12 zł a share — the stock trades 1087% above it. Today's price assumes 19.5% growth a year.

Current price

1.41 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.

+19.5% for 10 yrs

Fair value / share

0.12 zł

Buy below

0.09 zł

Price vs fair value

Overvalued >200%

Price vs buy-below price

Overvalued >200%

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: Q1 2026. Ring: Q1 2025.

Report language Cautious (was cautious)

Cautious 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
“Financial instruments Liabilities impact on result impact by category main total financial Companies at 5% in plus 5% in minus NBP exchange rate from...”
“Credit risk is credit losses weighted by the probability of default.”
“in the Polish construction sector, the slowdown persisted – according to GUS data, construction and assembly production fell by approx.”

Full figures

PLN · PAP Biznes report (2026-06-01)

Metric Q1 2026 Q1 2025 Change
Revenue 22.5M 20.4M +10.6%
Operating income 2.7M 2.8M −1.1%
Net income 691.0K 2.7M −74.2%
EPS 0.00 0.01 −74.1%
P/E today 21.4 16.7 21.9 −5.2

Topics

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

Most discussed now

  • The selling price was 1,300,000 EUR, while the carrying amount of the sold investment as of the date of disposal was 1,558,848 EUR.
  • Financial instruments receivables impact on financial result impact on financial result Group by category main Group at floating rate % at…
  • Fading The gross value of own receivables valued at par as of March 31, 2026, amounts to 439 thousand.
  • Financial costs for the first quarter of 2026 also include the loss on the sale of shares
  • Fading In the period from the date of submission of the previous periodic report, i.e., the Annual Report (separate and consolidated) for the year…

Faded since Q1 2025

  • Fading A low level of working capital affects the risk of loss of financial liquidity, while too high a level may lead to a decrease in the…
  • Fading The table below shows the impact value of a 5% change in the respective exchange rates.

Latest announcements

Official filings, newest first.

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