Skarbiec Holding stock reports 114.60 percent revenue growth
Published on 09/30/2026 at 10:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Skarbiec Holding generated PLN 86.04 million in revenue during the first half of 2026, an increase of 114.60 percent from PLN 40.10 million a year earlier. Analizy.pl reported the figures on September 28, 2026, highlighting the contrast between expanding revenue and lower earnings.
Revenue doubled after Noble deal
The main structural change was the full consolidation of Noble Securities in H1 2026. The subsidiary had joined the group during the prior-year period, so the comparison combines a broader business base with a full six months of contribution.
Operating profit reached PLN 15.41 million, down from PLN 23.38 million in H1 2025, while net profit fell to PLN 25.12 million from PLN 32.18 million. The result shows that revenue growth did not translate into higher group earnings, even as the acquisition expanded Skarbiec Holding's operating scale.
Profit recovery came in Q2
The quarterly split was more favorable. After PLN 30.91 million of revenue and PLN 2.42 million of net profit in Q1 2026, the group produced PLN 55.13 million of revenue and PLN 22.70 million of net profit in Q2, based on the H1 figures published by Analizy.pl.
The fund-management business also improved. Fixed fund-management fees reached PLN 30.15 million in H1 2026, compared with PLN 25.96 million in H1 2025, while Skarbiec TFI managed PLN 6.58 billion of net assets at June 30, 2026, versus PLN 5.69 billion a year earlier. The asset base therefore increased 15.64 percent year over year.
Stock remains below yearly high
On the Warsaw Stock Exchange, Skarbiec Holding was trading at PLN 38.60 on September 30, 2026, at 10:23 a.m. CEST, down 0.26 percent from PLN 38.70. The quote stood below the 52-week high of PLN 40.90 and above the 52-week low of PLN 26.10, while market capitalization was PLN 263.2 million on the same date.
Quartr recorded H1 2026 equity of PLN 313.31 million and operating cash flow of PLN 27.72 million as of June 30, 2026. For investors, the central issue is whether the larger revenue base can produce sustained profit growth after the acquisition effect becomes less pronounced.
Skarbiec Holding key figures
- Company: Skarbiec Holding S.A.
- Ticker: SKH
- Primary exchange: Warsaw Stock Exchange
- Warsaw Stock Exchange quote: PLN 38.60 on September 30, 2026 at 10:23 a.m. CEST
- Change versus prior close: minus 0.26 percent
- Prior close: PLN 38.70 on September 29, 2026
- Market capitalization: PLN 263.2 million as of September 30, 2026
- 52-week range: PLN 26.10-PLN 40.90 as of September 30, 2026
- Sector / Industry: Financials / Capital Markets
