Amica stock reports stronger first-half profit recovery than sales growth

Published on 10/06/2026 at 13:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amica stock was last at PLN 46.45 on October 5, 2026, while first-half net profit reached PLN 7.0 million. Revenue fell 3.3 percent, but operating profit rose 21.4 percent.

Amica, PLAMICA00010, Illustration mit AI erstellt.

Amica S.A. (ISIN PLAMICA00010) was last at PLN 46.45 on the Warsaw Stock Exchange on October 5, 2026, up 0.22 percent for the session. The latest company figures show a sharper improvement in profitability than in sales, with first-half net profit returning to PLN 7.0 million from a PLN 1.2 million loss a year earlier, according to Parkiet on September 21, 2026.

Profit returns in the first half

Amica's revenue from contracts with customers fell to PLN 1,111.5 million in the first half of 2026 from PLN 1,149.2 million in the first half of 2025, a decline of 3.3 percent. Operating profit moved in the opposite direction, rising to PLN 23.3 million from PLN 19.2 million, an increase of 21.4 percent, according to Parkiet.

EBITDA reached PLN 53.2 million, compared with PLN 49.9 million a year earlier. The second quarter itself was more restrained: net profit fell to PLN 2.8 million from PLN 5.5 million, while quarterly revenue declined to PLN 555.3 million from PLN 582.3 million, the same report said.

Margins offset weaker demand

The earnings mix points to cost and pricing measures doing more work than volume growth. Amica said its gross margin improved by 1.2 percentage points to more than 28 percent in the first half, while operating cash flow reached PLN 36.0 million compared with negative PLN 44.0 million a year earlier, according to PAP MediaRoom.

The balance sheet also improved during the period. Parkiet reported cash of more than PLN 141 million at the end of June and a 71 percent reduction in net debt to less than PLN 55 million, leaving net debt below 0.5 times EBITDA. That gives the profitability recovery more financial support, even as European consumer demand remains uneven.

Analyst view stays divided

On September 21, 2026, MBank downgraded Amica from Overweight to Neutral, as reported by Fintel. The same published overview listed a consensus target mean and median of PLN 69.46 as of September 16, 2026, compared with the PLN 46.45 reference price, while the target was unchanged from August 28, 2026.

Amica stock stays near yearly low

Amica stock was last at PLN 46.45 on the Warsaw Stock Exchange on October 5, 2026, with a daily high of PLN 46.60, a low of PLN 46.10 and volume of 158 transactions. The modest 0.22 percent gain leaves the market response restrained beside the improvement in first-half earnings.