15:05 28 September 2026
Creotech revenues and profits higher than expected
Creotech Instruments, a Polish space company listed on the Warsaw exchange, reported Q2 results well above analyst expectations. Revenue rose 56.5% y/y to PLN 67.3 mln, 31% above consensus, while operating profit doubled to PLN 9.5 mln and net profit climbed nearly 150% to PLN 8.7 mln. The improvement stemmed mainly from a new milestone in the Mikroglob project. For the first half, revenue reached PLN 84.1 mln (+34%), though net profit fell 95% to PLN 0.3 mln amid higher hiring and subcontracting costs.
Analysts see growth ahead, driven by Mikroglob, Camila, ESA cooperation and possible IRIS² contracts. The company raised PLN 481 mln through a share issue and plans a new factory.
(pb.pl)
