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IZOBLOK SUMMARISES 1Q 2026
In the first quarter of 2026, covering the period from January 1, 2026 to March 31, 2026, the IZOBLOK Group generated operating revenue of PLN 85.23 million. Consolidated EBITDA amounted to PLN 10.21 million, while net profit reached PLN 1.86 million.
On a standalone basis, revenue totaled PLN 40.99 million, EBITDA amounted to PLN 6.78 million, and net profit reached PLN 1.96 million.
Commenting on the financial results achieved during the reporting period, Mr. Przemysław Skrzydlak, President of the Management Board, stated:
“In line with expectations and the information presented in previous reports, the IZOBLOK Group delivered solid and satisfactory results during the reported period. Both sales performance and EBITDA generated in the first quarter could be considered positive indicators for future periods. However, the overall situation in the raw materials and energy markets, related to the conflict in the Middle East, may adversely affect results in the coming reporting periods.
The Management Board’s activities remain focused primarily on improving operational efficiency and further developing cooperation with business partners.
The implementation of the vertical integration strategy, together with the achievement of new and more advanced technological capabilities, should deliver tangible and measurable benefits for both the Company and its subsidiary.
Thanks to its well-established market position and highly diversified customer portfolio, the IZOBLOK Group continues to develop steadily and maintains strong growth prospects.
During the reporting period, the IZOBLOK Group did not experience payment bottlenecks from counterparties, and the execution of existing contracts proceeded with only minor deviations from the original assumptions.
Due to the continued high volatility of the business environment, changes to expectations in subsequent reporting periods cannot be ruled out.”
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PRESS RELEASE FOR THE 2025 ANNUAL REPORT
In the 2025 financial year, covering the period from 1 January 2025 to 31 December 2025, the IZOBLOK Group generated operating revenue of PLN 301.33 million; consolidated EBITDA amounted to PLN 24.19 million; and the net loss was PLN 1.85 million. At the unit level, revenue amounted to PLN 148.67 million, EBITDA was PLN 15.36 million and net profit was PLN 1.79 million.
Referring to the financial results achieved in the reporting period, Przemysław Skrzydlak, CEO, stated:
“As expected and according to information from previous reports, the IZOBLOK Group ended the year with better results compared to 2024. Both sales and EBITDA figures show significant growth, which is the result of multi-level measures initiated within the Group. The net result was primarily affected by high financial costs. In the current year, the Management Board will take measures to reduce financial costs, which should have a positive impact on the net result in 2026.
Despite unfavourable market trends, the IZOBLOK Group has achieved high capacity utilisation, which should have a positive effect on results in subsequent reporting periods.
The IZOBLOK S.A. Group has completed its strategic investments and reported satisfactory results at the consolidated level. Of particular interest is the improvement in the operational efficiency of the subsidiary in Germany during the fourth quarter.
The investments made by the Company, including primarily in raw material production, machinery and the development of new products with very high technical requirements, should deliver real, measurable results in 2026.
This year, the Management Board’s activities will focus primarily on improving operational efficiency and further development of cooperation on global projects with selected partners in the United States and China.
The geopolitical situation, which has a significant impact on the EU economy, affects, inter alia, overall cost increases, inflationary pressure, high volatility in raw material and energy prices, and their availability. These are factors that may have a significant impact on the IZOBLOK Group’s operations this year.
Despite the unfavourable condition of the automotive industry in general, the IZOBLOK Group, thanks to its established market position and highly diversified customer portfolio, is developing steadily and has good growth prospects.
During the reporting period, IZOBLOK did not experience any payment delays from its contractors, and the existing contracts were executed with only minor deviations from the initial assumptions.
However, as the environment remains highly volatile, it cannot be excluded that expectations may change in subsequent reporting periods.”
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IZOBLOK SUMMARISES 3Q 2025
During the first nine months of the 2025 financial year, the IZOBLOK Group generated operating income of PLN 217,764 thousand. The consolidated operating result closed at PLN -482 thousand, while consolidated EBITDA for the reporting period amounted to PLN 10,661 thousand.
At the unconsolidated level, income reached PLN 107,939 thousand, which represents an increase of 9.9% compared to the Q3 2024. The Company reported an operating profit of PLN 2,674 thousand, and its EBITDA reached PLN 8,550 thousand.
Referring to the financial results in the reporting period, Przemysław Skrzydlak, CEO, stated:
“The operating results of the IZOBLOK Group for the first three quarters of the current financial year show a positive trend in the Group’s efficiency at the operating and EBITDA levels. Significant investments made in recent periods are bringing the expected results in the form of a growing operating margin, which should reach the assumed levels in the coming periods.
Despite the crisis in the automotive industry, IZOBLOK has utilised its production capacity, which is the result, among other things, of the launch of new projects that entered production with a considerable delay.
In line with its assumptions, IZOBLOK has revised and agreed new commercial terms with its customers, which had a positive impact on operating profitability in the third quarter.
The Management Board expects that after the weak results of the first half of the year, there will be a significant improvement in the Company’s results in the second half of the year, particularly in the last quarter of 2025.
During the reporting period, IZOBLOK did not record any delayed payments from contractors, and the execution of existing contracts proceeded with an insignificant deviation from the original assumptions.
Due to the continuing high volatility of the environment, a change in expectations in subsequent reporting periods cannot be ruled out.”
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IZOBLOK SUMMARISES 1H 2025
After the first half of the 2025 financial year, covering the period from 1 January 2025 to 31 June 2025, the IZOBLOK Group generated operating income of PLN 148,553K. The IB Group reported an operating loss of PLN 3,412K. Consolidated EBITDA amounted to PLN 3,693K.
At the unconsolidated level, income reached PLN 75,200K, which represents an increase of 14.0% compared to the first half of 2024. The Company reported an operating profit of PLN 281K and its EBITDA reached PLN 4,031K.
Referring to the financial results in the reporting period, Przemysław Skrzydlak, CEO, said:
“The operating results of the IZOBLOK Group in the first half of the current financial year show how much the cumulative increases in energy and wage costs affect the operating profitability. In accordance with the prudence principle, the company created provisions for projects that were halted by customers before the planned completion of production due to the unclear situation regarding the introduction of customs tariffs. The delayed launch of new projects, which account for a significant share of the company’s revenue, also had a negative impact on profitability.
The company has revised and agreed new commercial terms with its customers, which should have a positive impact on operating profitability in the second half of the year.
The overall increase in costs and high volatility of market conditions are effectively hampering the growth of operating profitability, despite the significant utilisation of production capacity.
The Management Board expects that, after the poor results of the first half of the year and the completion of corrective measures, the company’s results will improve in the second half of the year.
During the reporting period, IZOBLOK did not record any delayed payments from contractors, and the execution of existing contracts proceeded with some deviation from the original assumptions.
Due to the continuing high volatility of the environment, a change in expectations in subsequent reporting periods cannot be ruled out.”
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IZOBLOK SUMMARISES 1Q 2025
After the first quarter of the 2025 financial year covering the period from 01.01.2025 to 31.03.2025, the IZOBLOK Group generated operating income of PLN 70,975K. The Group reported an operating loss of PLN 4,618K. Consolidated EBITDA amounted to PLN – 1,318K.
At the unconsolidated level, income amounted to PLN 35,914K, which means an increase of 12.5% compared to the first half of 2024. However, the company incurred an operating loss of PLN 2,181K and its EBITDA dropped to PLN -280K.
Referring to the financial results in the reporting period, Przemysław Skrzydlak, CEO, said:
“The operating results of the IZOBLOK SA Group in the first quarter of the current financial year show how much the cumulative increases in energy and wage costs affect the operating profitability. In accordance with the prudence principle, the company also created reserves for projects that were stopped by customers before the planned end of production due to the unclear situation regarding the introduction of customs tariffs.
Currently, the process of revising commercial terms with customers is underway, which due to its specificity is often a process delayed in relation to the current increase in costs. Talks are also underway regarding obtaining due compensation for projects completed before the planned EOP.
The general increase in costs, inflation and high volatility of energy prices effectively inhibit the growth of operating profitability despite the significant utilisation of production capacity.
The Management Board is focused primarily on improving operational efficiency and further developing cooperation on global projects with selected partners in the United States and China. The company is currently launching serial production of projects, reported earlier in current reports.
The Management Board expects that after the weak results of the first quarter and after the completion of corrective actions, there will be a noticeable improvement in the company’s results.
During the reporting period, IZOBLOK did not record any delayed payments from contractors, and the performance of existing contracts proceeded with some deviation from the original assumptions.
Due to the continuing high volatility of the environment, changes in expectations in subsequent reporting periods cannot be ruled out.”
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PRESS RELEASE FOR THE 2024 ANNUAL REPORT
During the 12 months of the 2024 financial year covering the period from 01.01.2024 to 31.12.2024, the IZOBLOK Group generated operating income of PLN 252.3 million, consolidated EBITDA was PLN 16.9 million, with a net profit of PLN 13.9 million. At the unconsolidated level, income amounted to PLN 130.3 million, EBITDA amounted to PLN 7.7 million and net profit to PLN 2.6 million.
Referring to the financial results achieved in the reporting period, Przemysław Skrzydlak, CEO, said:
“Despite the industry crisis, the IZOBLOK SA Group mostly implemented its strategic investments and presented satisfactory results at the consolidated level. The improvement in the operating efficiency of the subsidiary in Germany is worth noting.
After a series of industry crises, there is currently a high level of uncertainty in terms of production volumes, related to new export barriers for European manufacturers.
The overall increase in costs, inflation and high volatility of energy prices effectively inhibit the growth of operating profitability, despite the significant utilisation of production capacity.
This year, the Management Board’s activities will focus mainly on improving operational efficiency and further developing cooperation on global projects with selected partners in the United States and China. The company is currently launching serial production of projects, reported earlier in current reports.
Despite the unfavourable condition of the entire industry, IZOBLOK is developing steadily and has good growth prospects thanks to its market position and highly diversified customer portfolio.
During the reporting period, IZOBLOK did not record any delayed payments from contractors, and the performance of existing contracts proceeded with some deviation from the original assumptions.
Due to the continuing high volatility of the environment, changes in expectations in subsequent reporting periods cannot be ruled out.”
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IZOBLOK CONCLUDES A PARTNERSHIP AGREEMENT WITH ARMSTRONG INDUSTRIAL CORPORATION LIMITED
On February 28, 2025, the IZOBLOK GROUP entered into a partnership agreement with ARMSTRONG INDUSTRIAL CORPORATION LIMITED, based in Singapore.
The two companies aim to establish close cooperation in:
Exploring new business opportunities in the European and Asian markets for the production of EPP parts
Implementation of global projects
Exchange of knowledge and experience.
ARMSTRONG INDUSTRIAL CORPORATION LIMITED, with more than 50 years of experience, is Asia’s leading provider of noise, vibration, heat and safety management solutions producing EPP, film and elastomer products for the automotive industry, among others. It has 18 production facilities in 7 countries in Asia. More information is available at www.armstrongasia.com
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IZOBLOK SUMMARISES 3Q 2024
After three quarters of the financial year 2024, covering the period from 01.01.2024 to 30.09.2024, the IZOBLOK Group generated operating income of PLN 184.4 million, consolidated operating profit amounted to PLN 8.2 million and was PLN 3.2 million higher than consolidated operating profit in the corresponding period of the previous financial year. Consolidated EBITDA stood at PLN 16.0m, 12.8 per cent higher than in the comparative period. At the unconsolidated level, revenue amounted to PLN 98.2 million, an increase of 7.5% compared with the first half of 2022/23, standalone operating profit amounted to PLN 1.7 million, while standalone EBITDA amounted to PLN 5.7 million and net profit to PLN 2.9 million.
Referring to the financial results achieved in the reported period, Przemysław Skrzydlak, CEO, said:
“The figures for the three quarters of the financial year 2024 confirm the improvement in the Company’s operating result at the individual and consolidated level. The IZOBLOK S.A. Group, despite the crisis in the industry, is decisively accelerating strategic investments that will bring tangible effects in the future improving revenues and operating profitability, as well as increasing the security and independence of material supply.
Currently, the group’s activities are focused on the implementation and launch of numerous contracts, which the Company has previously announced in its regular reports. The market is seeing a correction in production volumes in BEVs in particular. We are noticing a trend of extending the production period of older projects, mainly for cars with classic drive.
Energy prices, wage costs, increases in service costs and the strong zloty continue to effectively impede growth in operating profitability despite increased production. Despite the not-so-good condition of the industry as a whole, IZOBLOK is developing steadily and has good growth prospects, thanks to its market position and highly diversified customer portfolio.
In the reporting period, IZOBLOK did not experience any payment bottlenecks from counterparties and the execution of existing contracts is proceeding as anticipated. Due to the continuing high volatility of the environment, a change in expectations in subsequent reporting periods cannot be ruled out “
Przemyslaw Skrzydlak
CEO IZOBLOK SA
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IZOBLOK SUMMARISES IH 2024
After two quarters of the 2024 financial year covering the period from 01.01.2024 to 30.06.2024, the IZOBLOK Group achieved operating income of PLN 126.5 million, which is an increase of 14.7% compared to the same period of the previous year. Consolidated operating profit for the first half of 2024 amounted to PLN 5.3 million and is PLN 4.8 million higher than consolidated operating profit in the same period of the previous financial year, while consolidated EBITDA amounted to PLN 10.3 million and was higher by 48.6%. At the unconsolidated level, revenues amounted to PLN 65.9 million, up 16.8% compared to the first half of 2022/23, standalone operating profit amounted to PLN 1.6 million, while standalone EBITDA was PLN 4.0 million and net profit was PLN 3.5 million.
Referring to the financial results achieved in the reporting period, Przemysław Skrzydlak, CEO, stated:
“When presenting the results of the first half of the year, the Management Board of the company draws special attention to the consolidated results of the IZOBLOK group. The results achieved by the German company in the current year clearly indicate a significant improvement in operating efficiency after difficult periods that had a negative impact on its results.
The acquisition made by IZOBLOK SA in 2016 helps to consolidate the group’s position on the European market and is a good base for carrying out projects on a global level (USA, China). Currently, the company’s activities are focused on starting numerous contracts, which the company reported earlier in its regular reports. At present, the dynamics of launching new projects is slightly decreasing, which may indicate that the market has slowed down slightly. However, in the opinion of the Management Board, the delay in starting new contracts will have an insignificant impact on the company’s operations. There is noticeable pressure on price corrections in connection with lower energy prices on the market. At the same time, the company is experiencing the negative effects of the sudden increase in remuneration costs, increases in service costs and the negative effects of the strengthening of the Polish zloty and high interest rates. Despite these factors, IZOBLOK, thanks to the large diversification of its customer portfolio, is developing stably and has good development prospects.
In the reporting period, IZOBLOK did not record any payment backlogs from its business partners, and the fulfilment of existing contracts is proceeding as planned. Due to the continuing high volatility of the environment, it is not possible to rule out changes in expectations in subsequent reporting periods.”
Przemysław Skrzydlak
CEO IZOBLOK SA
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IZOBLOK summarises IQ 2024
After the first quarter of the 2024 financial year, covering the period from January 1, 2024, to March 31, 2024, the IZOBLOK Group achieved operating revenue of PLN 62,077,500.68, with EBITDA for the reported period amounting to PLN 4,639,145.07. The gross result closed at PLN 1,525,782.06.
Referring to the financial results achieved in the reported period, Przemysław Skrzydlak, President of the Management Board, stated: “The Management Board of the Company is pleased to present the achieved results, which confirm the effective strategy implemented by the company. Currently, efforts are focused on the implementation of numerous contracts, which the company has informed about in current reports. The new contracts will result in a significant increase in utilized production capacities, which should consequently translate into good operational results. There is noticeable pressure on price adjustments in the market due to lower energy prices, while the company is experiencing negative effects from the sharp increase in wage costs, rising service costs, and the adverse effects of the strengthening of the złoty and high interest rates. Despite these factors, IZOBLOK is developing steadily thanks to a large diversification of its customer portfolio and has good development prospects.
During the reporting period, IZOBLOK did not record any payment delays from contractors, and the execution of existing contracts is proceeding as planned. Due to the ongoing high volatility of the environment, changes in expectations in subsequent reporting periods cannot be ruled out.” Przemysław Skrzydlak
CEO IZOBLOK S.A.
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IZOBLOK RECAPS FY 2022/2023
In the 20-month period of the 2022/2023 financial year, covering the period from 01/05/2022 to 31/12/2023, the IZOBLOK Group generated operating revenue of PLN 429,477,796.16, with EBITDA in the reported period amounting to PLN 41, 369,585.32. The gross result amounted to PLN 20,868,075.68 and the net result reached PLN 18,809,550.80
Referring to the financial results achieved in the reported period, Przemysław Skrzydlak, CEO, said:
“The Company’s Management Board is pleased to present the results achieved, which confirm the successful strategy that the Company is pursuing, particularly in the context of the challenges we have faced over the last 3 years. Despite the constant volatility: the economic climate, costs, energy carrier prices and ESG (Environmental, Social, and Governance) pressures to which the entire industry is subjected, the company has consistently met its operational targets.
There is still a great deal of uncertainty in Europe about the dynamics of the market expansion of electric cars, manufacturers are facing a significant drop in demand for electric vehicles and there is increasing pressure on the price of electric cars caused by a large influx of cheaper Chinese cars. As a result, negative impacts can be expected, affecting the margins of the entire supply chain. The market is seeing pressure for price adjustments due to lower raw material and energy prices, while at the same time companies, including IZOBLOK, are facing new challenges such as a surge in wage costs, services and the strengthening of the zloty and high interest rates. IZOBLOK is growing steadily and has good growth prospects thanks to its highly diversified client portfolio.
The Company’s Management Board expects revenue growth in the following years. One of the priorities of the Management Board’s activities in the coming quarters is to make strategic investments that will enable the company to achieve its operational goals.
During the reporting period, IZOBLOK did not record any payment bottlenecks from contractors and the execution of existing contracts is proceeding as planned. Due to the continuing high volatility of the environment, a change in expectations in subsequent reporting periods cannot be ruled out.
The Management Board would like to extend its special thanks to all the company’s employees (in Poland and Germany) and the members of the company’s bodies (including the members of the Supervisory Board), for the good work and personal contribution they have made in building IZOBLOK’s success and position on the market.”
Przemyslaw Skrzydlak
CEO IZOBLOK S.A.
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IZOBLOK summarises VI Q 2022/2023
In the period of 18 months of the financial year 2022/2023, IZOBLOK Group generated operating income of PLN 387 632 thousand. Consolidated profit on operating activities amounted to PLN 16 797 thousand, while EBITDA in the reported period amounted to PLN 33 754 thousand.
“In line with the expectations of the Company Management Board, the sustained improved market condition in the automotive industry helps the Company achieve its operational objectives. Prognoses related to the market could seem to be quite good, were it not for the negative signals from the German and French markets concerning additional relief payments with electric car purchases. Some manufacturers, e. g. VW, are already seeing dropping demand for EVs, with increasing pressure on EV prices, which may negatively reflect on margins across the entire supply chain. The market is seeing pressure to correct prices in concert with lower prices of raw materials and energy; at the same time, companies, including IZOBLOK, are having to cope with new challenges such as: an extreme increase in pay costs, service costs, the strengthening of the Złoty and high interest rates. IZOBLOK, thanks to the broad diversity of its customer portfolio, is developing stably and has good perspectives of development. The Company Board expects an increase in revenue in the coming years. One of the priorities of the Board in the coming quarters will be to ensure financial resources that are necessary to implement investments, thanks to which the Company will be able to achieve the assumed investment and operational objectives.
In the reporting period, IZOBLOK had not noticed any payment difficulties from business partners, and the execution of existing contracts is going as planned. Due to the sustained high variability of the environment, a change of expectations in the coming reporting periods cannot be excluded” says Przemysław Skrzydlak, President of the Management Board of IZOBLOK S.A.
