13:31 18 October 2025
Żabka shares have not made a profit a year after IPO
Żabka Group, Poland’s leading convenience store operator, debuted on the Warsaw Stock Exchange in October 2024 with a PLN 6.45 billion IPO, one of the largest in GPW history. Despite strong results—11,800 stores, 14.75 bn PLN sales (+14%), and 144 mn PLN net profit (+83%) in H1 2025—its share price remains flat, trading around 21 PLN. Analysts see upside potential, with targets up to 35 PLN, citing growth in Poland and rapid expansion in Romania, where Żabka operates 122 “Froo” stores.
The company plans to open 1,300+ stores annually, reaching 16,000 by 2028, and will start paying dividends from 2025 profits. Investors like Quercus Agresywny view the stock as undervalued, expecting a rebound once private-equity shareholders reduce their holdings.
(pb.pl)
