MXC GPW Periodic report · PAP Biznes

Maxcom SA (MXC) · Q1 2026 results

Share price: 5.76 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 29 May 2026 and 29 May 2025

Net loss narrowed year on year. The language turned more cautious.

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

1 · Numbers

Loss narrowed

Net income vs Q1 2025

Net income -1.3M vs -2.0M

Revenue −23.5%

2 · How the report reads

More cautious

Language tone vs last period

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

Weak signal: formal report language, not a call.

3 · What stood out

Key theme

The shareholders of the company UAB Rubbee, headquartered in Kaunas, took a decision to initiate the liquidation process and close the company…

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: inputs look inconsistent (market value only 2.5x the fcf: another reporting currency or a one-off gain).

Current price

5.76 zł

close of 2026-11-10

Revenue growth, 3 years

−10.4% 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 Typical (was upbeat)

Typical 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
“All the factors mentioned had a significant negative impact on the financial result.”
“in the United States, which increased the risk of changes in trade policy and influenced currency exchange rate volatility and international exchange conditions.”

Full figures

PLN · PAP Biznes report (2026-05-29)

Metric Q1 2026 Q1 2025 Change
Revenue 17.4M 22.7M −23.5%
Operating income -820.0K -1.8M Loss narrowed
Net income -1.3M -2.0M Loss narrowed
EPS -0.50 -0.75 Loss narrowed
P/E 12-mo loss 12-mo loss —

Topics

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

Most discussed now

  • Amendments to IFRS 9 include information on which PPA contracts may be applied in hedge accounting and what specific terms are permitted in…
  • In the name of the reporting entity or other identification data, which were changed since the end of the previous reporting period: No…
  • In the period 01.01-31.03.2026, the amount of the reserve increased by 99 thousand.
  • In the period from January 1 to March 31, 2025, the gross value of tangible fixed assets accepted for use increased by 28 thousand.
  • Settlement of completed agreements (*) lease payments include net amounts paid according to invoices

Faded since Q1 2025

  • Fading On June 19, 2024, a consolidated amendment extending the multi-purpose loan agreement with PKO BP SA until June 25, 2025, was entered into.
  • Fading Proceeds from the sale of tangible fixed assets and assets
  • Fading During the period covered by the report, no other events occurred that would be significant for the assessment of the personnel, asset, and…

Latest announcements

Official filings, newest first.