JRH GPW Periodic report · PAP Biznes
JRH Asi SA (JRH) · Q1 2026 results
Share price: 4.13 zł · 2026-11-10
JRH ASI SA is engaged in direct investment activities. The company invests in companies based in Poland that operate or plan to expand on a global scale. Source: Quarterly report (2026-05-27)
Results Q1 2026 vs Q1 2025 · year over year · published 27 May 2026 and 29 May 2025
Net income down 48.5% year on year. The language turned more cautious.
1 · Numbers
−48.5%
Net income vs Q1 2025
Net income 6.3M vs 12.3M
Revenue −45.0%
Why Net income fell primarily due to a loss on investment of 3,109,906.81 PLN and a write-down of loan values of 0.1 million PLN.
2 · How the report reads
More cautious
Language tone vs last period
Report language: restrained for a company report — more cautious than in Q1 2025.
Weak signal: formal report language, not a call.
3 · What stood out
JRH Asi SA reported advances from related entities totaling 29,273,000.00 PLN, which includes 9,980,000.00 PLN from Kuźnica Centrum Sp. z o.o. regarding the sale of Columbus Energy S.A. shares.
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.
Restrained for a company report — more cautious than 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
“For non-public investments, a downturn in the stock market may have a negative impact on the company's valuation due to reduced risk appetite or deteriorating metrics for comparable companies.”
“In the case of companies at an advanced stage of development, the Company invests in entities that have the potential to develop their business in terms of technology or organization in a way that allows for a significant increase in the value of the given...”
“Market risk is the risk of a decrease in financial result or capital due to market changes.”
Full figures
PLN · PAP Biznes report (2026-05-27)
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | 9.3M | 16.8M | −45.0% |
| Operating income | 8.0M | 16.0M | −49.8% |
| Net income | 6.3M | 12.3M | −48.5% |
| EPS | 0.14 | 0.27 | −48.1% |
| P/E today 5.7 | 7.7 | 12-mo loss | — |
Latest announcements
Official filings, newest first. Summaries are generated from each filing and its attachment; every figure is checked against the source.
- Podpisanie umowy ramowej o współpracy z kontrahentem z Ukrainy · ESPI 29/2026
- Zawarcie umowy sprzedaży wszystkich posiadanych akcji spółki AIP SEED · ESPI 28/2026
- Skup akcji własnych · ESPI 27/2026
The Company repurchased 10,000 shares on October 26, 2026, at an average price of PLN 4.27, and 3,300 shares on October 27, 2026, at an average price of PLN 4.20.
- Skup akcji własnych · ESPI 26/2026
The Company repurchased 13,900 shares on October 22, 2026, at an average price of PLN 4.09, and 13,950 shares on October 23, 2026, at an average price of PLN 4.45.
- Zawiadomienia akcjonariuszy w sprawie zmiany udziału w głosach · ESPI 25/2026
Hegen Invest ASI sp. z o.o. reduced its indirect voting rights in JRH ASI S.A. from 5% to 4.85% following the sale of 69,938 shares.
- Skup akcji własnych · ESPI 24/2026
The Company repurchased 7,900 shares on October 19, 2026, at an average price of PLN 4.65, and 10,200 shares on October 20, 2026, at an average price of PLN 4.75.
- Skup akcji własnych · ESPI 23/2026
The Company repurchased 4,600 shares on October 15, 2026, at an average price of PLN 3.91, and 4,900 shares on October 16, 2026, at an average price of PLN 4.66.
- Skup akcji własnych · ESPI 22/2026