Polish industrial firms swing to profits or narrow losses in first-half 2026 restructuring

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Polish industrial firms swing to profits or narrow losses in first-half 2026 restructuring
Polish industrial firms report mixed first-half results: profits rebound, investments rise despite revenue drops
ContinuationPolish state firms post record quarterly profits as fuel and energy prices surge
Polish industrial firms reported mixed financial results for the first half of 2026, with some companies narrowing losses while others shifted from deficits to profits amid restructuring and growth efforts.
Polenergia saw revenues fall to 1.75 billion zł from 2.32 billion zł a year earlier, but net profit reached 43.2 million zł, reversing a nearly 40 million zł loss in the first half of 2025. CEO Adam Purwin attributed the performance to strong financial results paired with investments exceeding current assets, including offshore wind farms Bałtyk 2 and 3, set to deliver first power in 2027. The company’s 13 wind and 7 solar farms produced 634 GWh of energy, generating 272 million zł in sales revenue, with 83% of next year’s output already contracted .
Wielton, Poland’s largest trailer manufacturer, reported a 19.4% revenue increase to 1.18 billion zł, with net losses shrinking by nearly 64 million zł to 43.6 million zł. The second quarter showed further improvement, with revenues up 22% year-over-year and net loss nearing break-even, signaling a turnaround after a weak 2025 .
Erbud’s first-half revenues dipped slightly to 1.25 billion zł, but the company rebounded from a first-quarter net loss of over 20 million zł to a 2.8 million zł profit by June. CEO Dariusz Grzeszczak noted that one-time write-offs were non-cash and that the modular segment’s drag on results would end in the second half of the year .
Mostostal Warszawa posted a 36.1 million zł operating profit, up from a 12.4 million zł loss, despite a revenue decline to 551.6 million zł. Net profit rose to 15.9 million zł, though operating cash flow deepened to minus 234.8 million zł .
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