WARSAW, Feb 21, 2026, 09:56 CET — The market is closed.
- Kruk slumped 9.26% to 451 zlotys on Friday, logging the sharpest decline in the WIG20.
- The company posted a preliminary fourth-quarter net profit at 208 million zlotys, with cash EBITDA coming in at 658 million zlotys.
- The company will release its full Q4 report on Feb. 26, followed by a management call scheduled for Feb. 27.
Kruk tumbled 9.26% to 451 zlotys on Friday, logging the steepest drop in the WIG20 after the Polish debt collector put out its preliminary Q4 results. (Gpw)
A muted day in Warsaw left the WIG20 off just 0.04%, ending at 3,383.82. The move was enough to catch some notice in an otherwise subdued session. (Gpwbenchmark)
Markets closed for the weekend, leaving investors to figure out if these early figures shift the outlook ahead of next week’s full report and management call.
Kruk is looking at an estimated consolidated net profit of 208 million zlotys for the fourth quarter, while cash EBITDA is seen coming in at 658 million zlotys. The company also flagged a projected net debt-to-cash EBITDA ratio of 2.6 by the end of 2025—a key leverage metric for both lenders and equity holders. (Kruk)
Kruk CEO Piotr Krupa flagged record preliminary figures for both net profit and cash EBITDA, describing them as the highest the group has ever posted. Still, he acknowledged that Spain was a weak spot—recoveries there fell short. “If confirmed, these results will be fully aligned with the targets set out in our 2025–2029 strategy, despite lower-than-expected recoveries in Spain,” Krupa said. (Kruk)
Kruk will hold its results videoconference on Feb. 27. The call, set for 14:30 CET, lists management board member and CFO Michał Zasępa as the company’s representative. Details appeared in the event notice. (Kruk)
Kruk’s business model is straightforward: it acquires debt portfolios and works to recover cash over time. Quarterly numbers often turn on just how much it collects and how many new portfolios it snaps up. Dig a little deeper, though — the specifics, like collections by country, what it pays for portfolios, and how much its funding costs eat into returns, can matter just as much as the bottom-line profit figure.
Polish equities barely budged Friday, with more stocks falling than rising on the Warsaw bourse, Investing.com reported in its market summary. Kruk landed at the bottom of the table, trailed by drops in Allegro and Modivo. (Investing)
Kruk’s figures are still early and haven’t been audited—the company flagged that these may shift. If Spanish collections slide further, or if the full breakdown on recoveries and investment spending throws up something unexpected, the stock could stay weighed down.
