NOV Novina pożyczkihipoteczne.eu NewConnect · quarterly · publ. August 27, 2026

Q2 2026 report

Spółka rośnie solidnie w ujęciu narastającym — przychody +49% r/r i portfel obsługiwanych pożyczek +31% r/r do 37,05 mln zł na koniec czerwca 2026.

Sentiment

●●●●●●

Website

NOV Q2 2026 report

Revenue

2.38 m PLN

— YoY

Net income

1.14 m PLN

— YoY

EBITDA

1.5 m PLN

— YoY

CFO

-1.28 m PLN

— YoY

Summary

Investment thesis

Model biznesowy jest bardzo lekki kosztowo (1 etat, reszta na zewnętrznych doradcach), stąd wyjątkowo wysokie marże operacyjne rzędu 54-63%.
Bilans pozostaje nisko lewarowany (dług/kapitał własny ok. 0,12x) mimo pozyskania w maju 2026 r. nowej linii kredytowej 3 mln zł od banku spółdzielczego.
I kwartał 2026 był wyraźnie słabszy r/r (zysk netto -46% r/r), co komunikat Emitenta całkowicie przemilcza, eksponując wyłącznie korzystne porównania za Q2 i narastająco.
Duża i szybko rosnąca pozycja pasywów „rozliczenia międzyokresowe” (12,42 mln zł, 27% sumy bilansowej) pozostaje bez jakiegokolwiek wyjaśnienia w raporcie.

Read the full analysis

Financial data is open to everyone. The full analysis — management verdict, commentary, risks, and the full narrative — is available after you sign up or log in.

Financials

BETA

Q2 2026

NOV · Q2 2026

Metric	Q2 2026	Q2 2025	Δ YoY	YTD 2026	Δ YoY	Value type	Segment	Conf.

Revenue	2,375.66	—	—	3,611	—	reported	—	1.00
EBITDA	1,501.25	—	—	1,981.03	—	derived	—	0.95
EBIT	1,495.42	—	—	1,941.03	—	reported	—	0.95
EBT	1,913.74	—	—	2,266.16	—	reported	—	1.00
Net income	1,144.02	—	—	1,639.52	—	reported	—	1.00
D&A	5.83	—	—	40.01	—	reported	—	1.00
Interest expense	8.15	—	—	265.27	—	reported	—	1.00
Income tax	392.24	—	—	948.5	—	reported	—	1.00

EBITDA margin	63.2%	—	—	54.86%	—	derived	—	0.95
EBIT margin	62.97%	—	—	53.75%	—	derived	—	0.95
EBT margin	80.55%	—	—	62.76%	—	derived	—	0.95
Net margin	48.16%	—	—	45.4%	—	derived	—	0.95
D&A margin	0.25%	—	—	1.11%	—	derived	—	0.95

Cash	1,972.16	—	—	—	—	reported	—	1.00
Total debt	3,519.44	—	—	—	—	reported	—	0.95
Net debt	1,547.28	—	—	—	—	derived	—	0.95
Equity	29,676.55	—	—	—	—	reported	—	1.00
Total assets	46,733.36	—	—	—	—	reported	—	1.00
Working capital	15,375.35	—	—	—	—	derived	—	0.90
Current assets	17,856.41	—	—	—	—	reported	—	0.90
Current liabilities	2,481.06	—	—	—	—	reported	—	1.00
Non-current liabilities	1,454.55	—	—	—	—	reported	—	1.00
Trade receivables	200.55	—	—	—	—	reported	—	0.90
Trade payables	20.56	—	—	—	—	reported	—	0.90
Tangible equity	29,660.41	—	—	—	—	derived	—	0.90

CFO	-1,278.66	—	—	2,347.85	—	reported	—	1.00
CFO conversion	-85.17%	—	—	118.52%	—	derived	—	0.90

Current ratio	7.2x	—	—	—	—	derived	—	0.90
Quick ratio	7.2x	—	—	—	—	derived	—	0.85
Cash ratio	0.79x	—	—	—	—	derived	—	0.95
Interest coverage	—	—	—	7.32x	—	derived	—	0.60

Debt / equity	0.12x	—	—	—	—	derived	—	0.90
Debt / assets	0.08x	—	—	—	—	derived	—	0.90
Net debt / equity	0.05x	—	—	—	—	derived	—	0.90

Revenue growth (YoY)	104.24%	—	—	49.12%	—	derived	—	0.95
EBITDA growth (YoY)	98.55%	—	—	21.84%	—	derived	—	0.90
EBIT growth (YoY)	107.14%	—	—	24.62%	—	derived	—	0.90
Net income growth (YoY)	177.26%	—	—	23.39%	—	derived	—	0.95
EBITDA margin Δ (YoY)	-1.8 pp	—	—	-12.28 pp	—	derived	—	0.90
EBIT margin Δ (YoY)	0.9 pp	—	—	-10.57 pp	—	derived	—	0.90
Net margin Δ (YoY)	12.69 pp	—	—	-9.47 pp	—	derived	—	0.90

Q2 2026 · Δ YoY

Revenue

2,375.66 —

Q2 2025: —
YTD 2026: 3,611
Δ YoY: —

EBITDA

1,501.25 —

Q2 2025: —
YTD 2026: 1,981.03
Δ YoY: —

EBIT

1,495.42 —

Q2 2025: —
YTD 2026: 1,941.03
Δ YoY: —

EBT

1,913.74 —

Q2 2025: —
YTD 2026: 2,266.16
Δ YoY: —

Net income

1,144.02 —

Q2 2025: —
YTD 2026: 1,639.52
Δ YoY: —

D&A

5.83 —

Q2 2025: —
YTD 2026: 40.01
Δ YoY: —

Interest expense

8.15 —

Q2 2025: —
YTD 2026: 265.27
Δ YoY: —

Income tax

392.24 —

Q2 2025: —
YTD 2026: 948.5
Δ YoY: —

EBITDA margin

63.2% —

Q2 2025: —
YTD 2026: 54.86%
Δ YoY: —

EBIT margin

62.97% —

Q2 2025: —
YTD 2026: 53.75%
Δ YoY: —

EBT margin

80.55% —

Q2 2025: —
YTD 2026: 62.76%
Δ YoY: —

Net margin

48.16% —

Q2 2025: —
YTD 2026: 45.4%
Δ YoY: —

D&A margin

0.25% —

Q2 2025: —
YTD 2026: 1.11%
Δ YoY: —

Cash

1,972.16 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Total debt

3,519.44 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Net debt

1,547.28 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Equity

29,676.55 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Total assets

46,733.36 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Working capital

15,375.35 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Current assets

17,856.41 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Current liabilities

2,481.06 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Non-current liabilities

1,454.55 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Trade receivables

200.55 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Trade payables

20.56 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Tangible equity

29,660.41 —

Q2 2025: —
YTD 2026: —
Δ YoY: —

CFO

-1,278.66 —

Q2 2025: —
YTD 2026: 2,347.85
Δ YoY: —

CFO conversion

-85.17% —

Q2 2025: —
YTD 2026: 118.52%
Δ YoY: —

Current ratio

7.2x —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Quick ratio

7.2x —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Cash ratio

0.79x —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Interest coverage

— —

Q2 2025: —
YTD 2026: 7.32x
Δ YoY: —

Debt / equity

0.12x —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Debt / assets

0.08x —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Net debt / equity

0.05x —

Q2 2025: —
YTD 2026: —
Δ YoY: —

Revenue growth (YoY)

104.24% —

Q2 2025: —
YTD 2026: 49.12%
Δ YoY: —

EBITDA growth (YoY)

98.55% —

Q2 2025: —
YTD 2026: 21.84%
Δ YoY: —

EBIT growth (YoY)

107.14% —

Q2 2025: —
YTD 2026: 24.62%
Δ YoY: —

Net income growth (YoY)

177.26% —

Q2 2025: —
YTD 2026: 23.39%
Δ YoY: —

EBITDA margin Δ (YoY)

-1.8 pp —

Q2 2025: —
YTD 2026: -12.28 pp
Δ YoY: —

EBIT margin Δ (YoY)

0.9 pp —

Q2 2025: —
YTD 2026: -10.57 pp
Δ YoY: —

Net margin Δ (YoY)

12.69 pp —

Q2 2025: —
YTD 2026: -9.47 pp
Δ YoY: —