ARCTIC PAPER CAPITAL GROUP Consolidated semi-annual report for 6 months ended on 30 June 2026
The Management Board of Arctic Paper S.A. (hereinafter “Company”) herewith
publishes the Arctic Paper SA Capital Group consolidated quarterly report for 1H 2026.
Selected consolidated financial data
| Period from 01.01.2026 to 30.06.2026 |
Period from 01.01.2025 to 30.06.2025 |
Period from 01.01.2026 to 30.06.2026 |
Period from 01.01.2025 to 30.06.2025 |
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| PLN’000 | PLN’000 | EUR’000 | EUR’000 | ||
| Continuing operations | |||||
| Sales revenues | 1 564 818 | 1 656 225 | 368 002 | 392 396 | |
| Profit/(loss) on operations | (65 858) | (98 321) | (15 488) | (23 294) | |
| Gross profit/(loss) | (71 264) | (116 632) | (16 759) | (27 633) | |
| Net profit/(loss) for the period | (70 395) | (98 845) | (16 555) | (23 419) | |
| Net profit/(loss) attributable to the shareholders of the Parent Entity | (55 798) | (58 846) | (13 122) | (13 942) | |
| Net cash flows from operating activities | (41 040) | (1 448) | (9 651) | (343) | |
| Net cash flows from investing activities | (64 377) | (157 517) | (15 140) | (37 319) | |
| Net cash flows from financing activities | 77 361 | 103 629 | 18 193 | 24 552 | |
| Change in cash and cash equivalents | (28 056) | (55 336) | (6 598) | (13 110) | |
| Weighted average number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| Diluted weighted average number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| EPS (in PLN/EUR) | (0,81) | (0,85) | (0,19) | (0,20) | |
| Mean PLN/EUR exchange rate* | 4,2522 | 4,2208 | |||
| As at 30 June 2026 | As at 31 December 2025 | As at 30 June 2026 | As at 31 December 2025 | ||
| PLN’000 | PLN’000 | EUR’000 | EUR’000 | ||
| Assets | 2 652 381 | 2 676 405 | 617 364 | 655 677 | |
| Long-term liabilities | 293 412 | 202 827 | 68 294 | 81 649 | |
| Short-term liabilities | 719 929 | 776 136 | 167 570 | 174 168 | |
| Equity | 1 639 040 | 1 697 441 | 381 500 | 399 860 | |
| Share capital | 69 288 | 69 288 | 16 127 | 16 334 | |
| Number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| Diluted number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| Book value per share (in PLN/EUR) | 23,66 | 24,50 | 5,51 | 5,77 | |
| Diluted book value per share (in PLN/EUR) | 23,66 | 24,50 | 5,51 | 5,77 | |
| Declared or paid dividend (in PLN/EUR) | - | - | - | - | |
| Declared or paid dividend per share (in PLN/EUR) | - | - | - | - | |
| PLN/EUR exchange rate at the end of the period** | - | - | 4,2963 | 4,2267 | |
| Selected standalone financial data | |||||
| Period from 01.01.2026 to 30.06.2026 |
Period from 01.01.2025 to 30.06.2025 |
Period from 01.01.2026 to 30.06.2026 |
Period from 01.01.2025 to 30.06.2025 |
||
| PLN’000 | PLN’000 | EUR’000 | EUR’000 | ||
| Sales revenues | 32 625 | 52 913 | 7 672 | 12 536 | |
| Profit/(loss on operations | 17 955 | 35 754 | 4 223 | 8 471 | |
| Gross profit/(loss | 13 028 | 35 711 | 3 064 | 8 461 | |
| Net profit/(loss from continuing operations | 13 028 | 35 711 | 3 064 | 8 461 | |
| Net profit/(loss for the financial year | 13 028 | 35 711 | 3 064 | 8 461 | |
| Net cash flows from operating activities | (75 191) | (97 316) | (17 683) | (23 056) | |
| Net cash flows from investing activities | (738) | (2 400) | (174) | (569) | |
| Net cash flows from financing activities | 73 531 | 13 236 | 17 292 | 3 136 | |
| Change in cash and cash equivalents | (2 398) | (86 480) | (564) | (20 489) | |
| Weighted average number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| Diluted weighted average number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| EPS (in PLN/EUR | 0,19 | 0,52 | 0,04 | 0,12 | |
| Diluted EPS (in PLN/EUR | 0,19 | 0,52 | 0,04 | 0,12 | |
| Mean PLN/EUR exchange rate* | 4,2522 | 4,2208 | |||
| As at 30 June 2026 | As at 31 December 2025 | As at 30 June 2026 | As at 31 December 2025 | ||
| PLN’000 | PLN’000 | EUR’000 | EUR’000 | ||
| Assets | 1 285 191 | 1 261 022 | 299 139 | 298 347 | |
| Long-term liabilities | 52 012 | 34 055 | 12 106 | 8 057 | |
| Short-term liabilities | 240 809 | 247 698 | 56 050 | 58 603 | |
| Equity | 992 370 | 979 269 | 230 982 | 231 686 | |
| Share capital | 69 288 | 69 288 | 16 127 | 16 393 | |
| Number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| Diluted number of ordinary shares | 69 287 783 | 69 287 783 | 69 287 783 | 69 287 783 | |
| Book value per share (in PLN/EUR | 14,32 | 14,13 | 3,33 | 3,34 | |
| Declared or paid dividend (in PLN/EUR | - | - | - | - | |
| Declared or paid dividend per share (in PLN/EUR | - | - | - | - | |
| PLN/EUR exchange rate at the end of the period** | - | - | 4,2963 | 4,2267 | |
* Items of the income and cash flow statement are converted at the exchange rate which is the arithmetic mean of average rates announced by the NBP in the given reporting period.
** Items of balance sheet and book value per share were converted at the average exchange rate announced by the NBP and prevailing at the balance sheet date.