MODIVO S.A.'s fiscal year runs from 1 February to 31 January of the following calendar year. The most recent confirmed data on the company website refer to fiscal-year 2024 (ended 31 January 2025). The full FY 2025/26 report is to be published on 22 May 2026.

Key 2024 financial data

Item	Value 2024
Sales revenue	PLN 10,303 million
EBITDA	PLN 1,635 million
Implied EBITDA margin	~15.9%

Source: "Investor Relations" tab on modivoplatform.com (as of 11 May 2026).

Quarterly sequence (PLN million)

From the table on /dane-finansowe:

Quarter (approx.)	Revenue	Gross profit	Gross margin	OPEX	EBITDA
1	2,377	1,129	47.5%	-1,028	179
2	2,430	1,174	48.3%	-1,062	230
3	2,681	1,319	49.2%	-1,027	448
4	2,425	1,102	45.5%	-1,060	224
5	2,589	1,282	49.5%	-1,039	407
6	2,880	1,420	49.6%	-1,135	465

The company website provides a raw table without column headers - likely six quarters cumulative from a reference point. Values to be verified against periodic reports.

Margin and EBITDA observations

• Gross margin stays in the 45–50% range, with peaks in Q3 (~49.2–49.6%) and Q2 (~48–49%).
• Q4 is the weakest margin quarter - seasonal sell-offs.
• Quarterly EBITDA: PLN 180–470 million.
• Annual EBITDA ~PLN 1.6 billion on revenue ~PLN 10.3 billion = ~15.9% margin (a strong level for omnichannel retail).

Dividend policy

Fiscal year	Payout range
FY 2025/26 (31.01.2026)	25–66% of consolidated net profit
FY 2026/27, 2027/28, 2028/29	50–66% of consolidated net profit

Condition: net debt/EBITDA < 3.0 at the end of the fiscal year and no breach of financing covenants.

Dividend history - no payouts since 2019

Year	DPS	Total
2018	PLN 0.48	PLN 19,760,640
2017	PLN 2.30	PLN 94,677,000
2016	PLN 2.59	PLN 101,434,760
2015	PLN 2.19	PLN 86,016,000
2014	PLN 3.00	PLN 115,200,000
2013	PLN 1.60	PLN 61,440,000
2019–2024	PLN 0.00	no payout

Cumulative dividends paid in the company's history: ~PLN 800 million. Highest in a single year: ~PLN 115 million (for FY 2014).

Balance sheet and leverage

The dividend policy conditions payouts on net debt/EBITDA < 3.0 - a signal that management treats deleveraging as a priority. In 2024 the group signed a sustainability-linked syndicated loan for the CCC Business Unit (CCC + HalfPrice).

Market quotation

As of 11 May 2026:

Parameter	Value
Share price	PLN 76.58
Market cap	~PLN 7,414.74 million
Share count	77,025,894
Implied P/E TTM	~depends on confirming 2024 net profit

Financial communications calendar

• 22.05.2026 - standalone and consolidated report for 2025/26.
• 11.06.2026 - expanded quarterly report for Q1 2026/27.
• 01.10.2026 - expanded half-year report.
• November 2026 - Q3 2026/27 report.
• 20.05.2026 - Q1'26 results conference.

Sell-side coverage

Continuous coverage by: Citi, DM BOŚ S.A., DM Santander, Dom Maklerski BDM S.A., mBank, Erste Group (designated market maker from 24.03.2025), Ipopema, Pekao, PKO BP, ODDO BHF, Trigon, UBS, Wood & Company.

Auditor

Ernst & Young Audit sp. z o.o. sp.k.