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HRS GPW Periodic report · PAP Biznes

Herkules SA (HRS) · Q1 2026 results

Share price: 1.66 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 28 May 2026 and 20 May 2025

Net loss narrowed year on year. The report's language is unchanged.

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

1 · Numbers

Loss narrowed

Net income vs Q1 2025

Net income -1.6M vs -2.1M

Revenue +11.5%

Why Net income improved primarily due to lower fixed costs and improved discipline in managing operating costs.

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

Key theme

Crane rental revenue fell by 21% due to a very cold winter, but higher margins from larger machines kept the overall margin level similar.

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: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.

Current price

1.66 zł

close of 2026-11-10

P/E

1.6

today

Revenue growth, 3 years

−12.9% 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: Q1 2026. Ring: Q1 2025.

Report language Restrained (was restrained)

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
“The difficult situation in the construction sector had a direct impact on the results of the current activities of the Herkules Capital Group.”
“Liabilities from supplies and services – the general macroeconomic situation and conditions prevailing in the sectors served by the parent company affect the revenues received by the Group, and thus on...”

Full figures

PLN · PAP Biznes report (2026-05-28)

Metric Q1 2026 Q1 2025 Change
Revenue 20.9M 18.8M +11.5%
EBITDA 2.9M 2.1M +37.1%
Operating income -1.0M —
Net income -1.6M -2.1M Loss narrowed
P/E today 1.6 1.6 12-mo loss —

Topics

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

Most discussed now

  • Within the framework of the settlement proposals covered by the restructuring plan, ten groups of creditors were envisioned, adopting a…
  • Sales of the crawler cranes and wind power segments increased by 44%, which was primarily driven by the execution of projects within the…

Faded since Q1 2025

  • Fading At the request of the special purpose company, Bank Gospodarstwa Krajowego provided a performance bond, an advance payment bond, and a…
  • Fading A comparison of both periods shows an increase in the share of business conducted by the parent company (equipment services) at the expense…
  • Fading Regarding the above-mentioned withdrawal of the special purpose vehicle from the performance contract - there was a demand for payment of…
  • Fading Events disclosed in these financial statements of a nature similar to the above groups and issues, other than the factors described in…

Latest announcements

Official filings, newest first.

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