Eurocash S.a. · GPW:EUR
Eurocash — Q3 2025 Earnings Presentation
13 slides from Eurocash's earnings presentation, Nov 24, 2025
Slide 1: Eurocash Group 3Q'25 Results Presentation
EUROCASH GROUP 3Q'25 Results Presentation 24 November 2025
Slide 2: Eurocash Group 3Q'25 Highlights
Eurocash Group 3Q'25 Highlights ▪ Market Conditions: In 3Q’25, market conditions remained challenging, with significantly weaker dynamics in the beer, spirits, and water and soft drink categories due to shifts in consumer behavior, weather factors and excise tax increases. ▪ The Eurocash Wholesale R
Slide 3: Market Overview
Market Overview ▪ Total Market Dynamics: the total market grew by 4.6% y/y in 3Q’25 (+4% y/y in 3Q’24), driven primarily by discounters +9.6% y/y in 3Q’25 (+7.8% y/y in 3Q24). ▪ The Eurocash Wholesale Relevant Market (WRM) declined by 3.0% y/y in 3Q’25 (-3.6% y/y in 3Q24), impacted by lower transact
Slide 4: 3Q'25 Results Summary
3Q'25 Results Summary ▪ Sales: In 3Q’25, Eurocash’s sales declined by 4.3% y/y, driven by weaker results in Cash & Carry (–12% y/y) and Delikatesy Centrum (franchise –12% y/y, own –7% y/y), mainly due to softer demand in key categories related to weather effects and changing consumer behavior. ▪ EBI
Slide 5: 3Q'25 Sales dynamics by Segments and Business Units
3Q'25 Sales dynamics by Segments and Business Units Growth Platforms ▪ Wholesale: sales declined by 3.1% y/y in Wholesale Segment -0.1% 3Q’25: 261 261 -3.1% ▪ EC Service grew by 3.5% y/y, supported 16 2 -3.6% 6 135 Other Projects by inflation following the excise tax 5 944 Other 92 -12.5% 119 increa
Slide 6: 3Q'25 EBITDA by Segments
3Q'25 EBITDA by Segments ▪ Wholesale: In 3Q’25, the EBITDA margin remained stable at 3.2%. Despite lower sales, total costs were reduced in line with revenue trends, reflecting effective margin management and strict cost discipline, even with a high share of fixed costs. ▪ Retail: Results were impac
Slide 7: Growth Platforms Segment: Continued Positive Performance
Growth Platforms Segment: Continued Positive Performance Profitability improved materially y/y, resulting in Sales od goods development another positive EBITDA in 3Q’25. (PLNm) 23% Sales 3Q'25: Active customers: 533 +14.6% y/y +10% y/y 434 384 Average Basket: +5% y/y 278 15% 217 ▪ Frisco: Strengthen
Slide 8: Cash Conversion and Net Financial Expenses
Cash Conversion and Net Financial Expenses days Cash conversion cycle PLN m Net financial expenses (Pre-IFRS16) 16 15 13 13 14 24 22 19 17 19 14 14 15 14 14 -23 -25 -28 -28 -27 -40 -39 -40 -56 -56 -45 -46 -60 -66 -65 -56 -54 -55 -58 -60 3Q24 4Q24 1Q25 2Q25 3Q25 3Q24 4Q24 1Q25 2Q25 3Q25 Receivables I
Slide 9: Net debt ratio evolution
Net debt ratio evolution Net debt/EBITDA (pre-IFRS16) Net debt/EBITDA (post-IFRS16) PLNm PLNm 1.12 2.63 2.68 2.71 2.59 2.53 2.56 2.43 0.95 0.87 0.85 0.89 0.76 0.63 549 523 2 696 2 617 2 500 487 2 365 2 495 2 376 423 425 448 2 253 417 400 415 407 362 368 309 260 1 039 996 934 934 921 930 925 1Q24 2Q2
Slide 10: Key Financials 3Q'25
Key Financials 3Q'25 3Q 2025 3Q 2024 Change %* PLN million Sales revenues (traded goods. materials) 7 937.44 8 297.99 -4.35% Gross profit on sales 1 030.76 1 059.28 -2.69% Gross profitability margin (%) 12.99% 12.77% 0.22 p.p. EBITDA 232.11 237.06 -2.09% EBITDA margin (%) 2.92% 2.86% 0.07 p.p. Adjus
Slide 11: Upcoming Events
Upcoming Events ▪ On December 9, after the market close, we will publish the key assumptions of the new 2026–27 strategy for the Eurocash Group. ▪ On December 10, we invite investors and analysts to a dedicated strategy presentation. Formal invitations will follow shortly. Presentation of 3Q2025 Res
Slide 12: Q&A
Slide 13: Thank you!
Thank you!