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KGN GPW sWIG80 Periodic report · PAP Biznes

Kogeneracja SA (KGN) · Q1 2026 results

Share price: 87.30 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 19 May 2026 and 27 May 2025

Net income up 67.5% year on year. The language turned more upbeat.

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

1 · Numbers

+67.5%

Net income vs Q1 2025

Net income 213.1M vs 127.2M

Revenue +21.6%

2 · How the report reads

More upbeat

Language tone vs last period

Report language: typical for a company report — more upbeat than in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Fading

Revenue from the sale of products and services increased due to higher electricity sales revenue of 64,014 thousand.

Official channels

The company's own website and social media accounts.

Read between the lines

  1. Fading

    Revenue from electricity sales and distribution fell by 2,918 thousand PLN due to lower volume and average electricity sales prices at EC Zielona.

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 Typical (was restrained)

Typical for a company report — more upbeat 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
“The Group is undertaking actions to minimize the potentially adverse impact of the conflict, which limits exposure to short-term price spikes.”

Full figures

PLN · PAP Biznes report (2026-05-19)

Metric Q1 2026 Q1 2025 Change
Revenue 1.07B 880.0M +21.6%
Gross profit 299.7M 191.8M +56.2%
EBITDA 18.0M —
Operating income 259.4M 156.6M +65.6%
Net income 213.1M 127.2M +67.5%
P/E today 4.1 4.2 5.1 −0.9

Topics

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

Most discussed now

  • Factors that will impact the financial results of the Capital Group and the Company in subsequent periods94
  • Net profit was higher than in the comparable period of 2025.
  • Due to revenues from the sale of carbon emission allowances in the amount of 15,302 thousand.
  • Financial Reporting Standards (IFRS) and related Interpretations, except for Standards and Interpretations awaiting approval by the…
  • Due to the occurrence of - in the Consortium's assessment - an impact of extraordinary changes in economic conditions, resulting in an…

Faded since Q1 2025

  • Fading Table: Sales revenue for the 3-month period ended March 31, 2025.
  • Fading Regarding certain heat sources, energy companies are required to apply prices and rates for supplied heat and fuel to eligible customers in…
  • Fading The security for the above agreement and individual contracts are the signed agreements with PGE S.A.
  • Fading The 39% increase in electricity sales revenue is the result of a higher volume of electricity sales from own production by approximately

Latest announcements

Official filings, newest first.

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