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HOR NewConnect Periodic report · PAP Biznes

Hortico SA (HOR) · Q2 2025 results

Share price: 6.85 zł · 2026-11-10

Results Q2 2025 vs Q2 2023 · year over year · published 13 Aug 2025 and 11 Aug 2023

Net income up 2.1% year on year. The report's language is unchanged.

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

1 · Numbers

+2.1%

Net income vs Q2 2023

Net income 5.0M vs 4.9M

Revenue +25.2%

2 · How the report reads

Unchanged

Language tone vs last period

Report language: typical for a company report — about as upbeat as in Q2 2023.

Weak signal: formal report language, not a call.

3 · What stood out Nothing unusual flagged this period.

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 2025. Ring: Q2 2023.

Report language Typical (was typical)

Typical for a company report — about as upbeat as in Q2 2023. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“The Group, like a number of other enterprises, remains under the influence of factors affecting wage growth, including the increase in the minimum wage.”
“The reason for the decline in profitability, which was considered minor by the Management Board, was the growth in operating costs (primarily wages – including the increase in the minimum wage) which was slightly faster than the growth in revenue.”

Full figures

PLN · PAP Biznes report (2025-08-13)

Metric Q2 2025 Q2 2023 Change
Revenue 117.4M 93.8M +25.2%
Operating income 18.5M 22.3M −17.2%
Net income 5.0M 4.9M +2.1%
P/E today 6.0 5.7 3.6 +2.1

Topics

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

Most discussed now

  • Liabilities recognized as deferred expenses reduce the costs of the reporting period in which it was determined that these liabilities did…
  • Sales profitability ratios remain at an attractive level – sales profitability in the first half of 2025.
  • Despite the increase in revenue, the Group achieved slightly lower gross profit, operating profit, and net profit figures compared to 2024…
  • In the accounts of team 4, simple costs by type are recorded, which are considered all costs incurred in a given reporting period that…
  • These reserves are allocated accordingly to other operating expenses, financial costs, or extraordinary losses, depending on the…

Faded since Q2 2023

  • Fading High prices of production inputs and energy carriers limited the establishment of greenhouse tomato cultivation.
  • Fading Due to the economic environment, the Profi line is recording significant sales declines, caused by restrictions in establishing greenhouse…
  • Fading The Company's non-current assets include fixed assets and intangible assets acquired for use under an operating lease agreement, the terms…

Latest announcements

Official filings, newest first.

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