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MGT GPW Periodic report · PAP Biznes

Mangata Holding SA (MGT) · Q1 2026 results and valuation

Share price: 59.00 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 14 May 2026 and 15 May 2025

Net income down 23.4% year on year. The language turned more upbeat.

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

1 · Numbers

−23.4%

Net income vs Q1 2025

Net income 6.0M vs 7.8M

Revenue +5.0%

2 · How the report reads

More upbeat

Language tone vs last period

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

Weak signal: formal report language, not a call.

3 · What stood out

Key theme

Gross profit from sales for the first quarter of 2026 was 37,126 thousand PLN, which was 1,020 thousand higher than the first quarter of 2025.

Valuation

Is Mangata Holding 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 −9.9% growth a year (3-year revenue growth), the model's fair value is 29.02 zł a share — the stock trades 103% above it. Today's price assumes −2.0% growth a year.

Current price

59.00 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.

-2.0% for 10 yrs

Fair value / share

29.02 zł

Buy below

21.77 zł

Price vs fair value

Overvalued 103%

Price vs buy-below price

Overvalued 171%

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 Upbeat (was typical)

Upbeat 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
“However, attention should be paid to the economic slowdown in both Poland and other European markets as well as lower year-on-year inflation readings, which may impact the reduction of pressure on wage growth at the expense of...”
“Confirmation of the company's high competencies and significant contribution to the sector's technological development is the attainment of the Research and Development Center status in March 2023, granted by a decision of the Minister of Development and Technology.”
“The price increase at the beginning of the year was due, among other things, to unfavorable weather conditions (increased production from fossil sources) and higher energy production costs (sensitivity to geopolitical events and raw material prices).”

Full figures

PLN · PAP Biznes report (2026-05-14)

Metric Q1 2026 Q1 2025 Change
Revenue 205.8M 196.1M +5.0%
Gross profit 37.1M 36.1M +2.8%
Operating income 7.6M 11.9M −35.7%
Net income 6.0M 7.8M −23.4%
EPS 0.90 1.18 −23.7%
P/E today 9.6 11.1 16.2 −5.1

Topics

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

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Faded since Q1 2025

  • Fading The most important factors significantly determining the Group's results include:
  • Fading Lower sales volumes were recorded in both the automotive sector (delivery/truck vehicles as well as passenger cars) and the agricultural…
  • Fading The Group's companies use pricing indexation mechanisms in commercial agreements to track changing steel prices.
  • Fading During the period covered by the consolidated report, until the date of its approval, no other changes occurred in the composition of the…

Latest announcements

Official filings, newest first.

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