Mex Polska S.A., a WSE-listed holding company managing several popular hospitality brands in Poland, generated an estimated PLN 93.3 million in consolidated revenue after the first three quarters of 2025, representing a 17% year-on-year increase. In the third quarter alone, revenue exceeded PLN 36.9 million (compared with PLN 30.5 million in the same period last year). Operating profit (EBIT) after nine months reached PLN 3 million, of which PLN 2.5 million was generated in the third quarter. EBITDA after three quarters exceeded PLN 11.8 million, with PLN 5.5 million recorded in Q3 alone. Net profit for the third quarter amounted to PLN 1.3 million, confirming a return to positive profitability after weaker spring results caused by unpredictable weather.
“The Group’s performance after the first three quarters of 2025 shows a clear improvement in our financial momentum. Revenue increased by 17% year-on-year, and net profit returned to positive territory in the third quarter, confirming that our venues have reached the expected profitability,” said Dariusz Kowalik, Management Board Member and CFO of Mex Polska S.A. “We also expect revenue in the next reporting period to maintain the upward trend, supported by the continued expansion of our network, concept modernisation and improving operational efficiency. Importantly, the profitability ramp-up of newly opened venues will not affect our net profit in 2026, as nearly all new locations have already reached the expected profitability,” he added.
On 24 November 2025, the Supervisory Board of Mex Polska S.A. adopted a dividend policy providing for the distribution of at least 30% of net profit for each financial year, starting with the 2025 results.
“The adopted dividend policy is an important signal to our shareholders. With stable revenues and improving operating performance, we are pleased to be able to share our profits regularly while maintaining full capacity to finance further expansion,” said Dariusz Kowalik.
Between January and September 2025, Mex Polska opened seven new venues, completing its entire annual expansion plan as early as August. For example, within the development of the iconic Pijalnia Wódki i Piwa concept, three new locations were launched in July and August: one company-owned and two franchised.
The company plans to maintain at least six new openings per year in the coming years, in line with its growth strategy.
“Operational activities and initiatives aimed at our shareholders are one thing. For 2026, we also have a number of attractive business initiatives planned, including the launch of cooperation with one of the leading energy drink brands in Poland. We are continuing the refresh of our iconic Pijalnia Wódki i Piwa, consistently transforming it into Pijalnia Drink & Bar Bistro. We are intensifying efforts to secure locations in leading shopping centres for our restaurants. For the Spoko – Taco concept, we see strong growth potential particularly in the delivery segment, supported by a ‘dark kitchen’ model. The first such location has just been launched in Wrocław, with more cities to follow in the coming months. These initiatives allow us to respond proactively to changing customer needs and current market trends,” said Paweł Kowalewski, CEO of Mex Polska S.A.
