Published by Global Banking & Finance Review®
Posted on November 19, 2025
2 min readLast updated: January 20, 2026
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Cyfrowy Polsat's Q3 profit dropped 72% due to its costly green energy strategy, impacting revenue and core earnings.
(Reuters) -Polish media and telecoms group Cyfrowy Polsat on Tuesday reported a 72% drop in third-quarter net profit to 69.6 million zlotys ($19.0 million), below a Reuters poll of analysts that forecast profit of 90 million zlotys.
A slump in energy and equipment sales overshadowed growth in its core retail business.
WHY IT'S IMPORTANT
Cyfrowy Polsat is the second-largest listed telecoms and media conglomerates in Poland by market capitalisation, valued at 7.92 billion zlotys, behind telecom operator Orange Polska, which has a market value of 11.85 billion zlotys.
The result highlights the challenges facing the media and telecoms group as it pushes ahead with a costly strategy to expand into green energy, while facing rising costs and weaker sales in its traditional segments.
CONTEXT
Cyfrowy Polsat's profits have been under pressure throughout 2025, with first-quarter net profit falling 53% and second-quarter profit falling 19%.
It has been expanding into renewable energy, which has brought challenges including a one-off charge related to photovoltaic modules in the second quarter.
The company entered the green energy sector in 2023 and plans to invest about 5 billion zlotys by 2026 to expand its clean energy production from photovoltaics, biomass, onshore wind farms, and thermal waste treatment.
BY THE NUMBERS
Adjusted core earnings fell by 13% to 765.8 million zlotys, while revenue fell by 4% to 3.43 billion zlotys.
($1 = 3.6629 zlotys)
(Reporting by Marta Maciag; Editing by Matt Scuffham)
Net profit is the amount of money a company has left after all expenses, taxes, and costs have been subtracted from its total revenue. It is an important indicator of a company's profitability.
Market capitalisation is the total market value of a company's outstanding shares of stock. It is calculated by multiplying the share price by the total number of shares. It helps investors gauge a company's size.
Renewable energy is energy generated from natural resources that are replenished naturally, such as sunlight, wind, rain, tides, waves, and geothermal heat. It is considered more sustainable than fossil fuels.
Adjusted core earnings refer to a company's earnings before interest, taxes, depreciation, and amortisation (EBITDA), adjusted for one-time items or unusual expenses. This metric provides a clearer picture of ongoing operational performance.
A photovoltaic module, commonly known as a solar panel, is a device that converts light energy directly into electrical energy through the photovoltaic effect. It is a key component in solar energy systems.
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