Q2 2026 report
Nano-spółka NewConnect po głębokiej restrukturyzacji kapitałowej (odpisanie ok. 207,5 mln zł skumulowanej straty z kapitału zapasowego), wciąż z ujemnym kapitałem własnym (-101 270,76 zł)
Sentiment
Cautious
No guidance change
YBS
Q2 2026 report
Revenue
0.28 m PLN
— YoY
Net income
0.01 m PLN
— YoY
EBITDA
0.02 m PLN
— YoY
FCF
0.13 m PLN
— YoY
Summary
Investment thesis
- Cały wzrost przychodów (+917% r/r narastająco) pochodzi z jednej umowy sprzedaży nawozów granulowanych zawartej 1 grudnia 2025 r.
- Ta sama, jedyna istotna umowa handlowa została wypowiedziana przez kontrahenta 29 maja 2026 r. z sześciomiesięcznym okresem wypowiedzenia — kontynuacja przychodów po ok. listopadzie 2026 r. jest niepewna
- Spółka zakończyła kwartał bez zobowiązań oprocentowanych, po spłacie netto zadłużenia w trakcie okresu
- Ekstremalna koncentracja akcjonariatu: dwaj członkowie zarządu kontrolują łącznie 75,40% głosów na WZ
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Financials
BETA
YBS · Q2 2026
| Metric | Q2 2026 | Q2 2025 | Δ YoY | YTD 2026 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.28 | — | — | 0.68 | — | reported | — | 1.00 |
| EBITDA | 0.02 | — | — | 0.09 | — | reported | — | 0.90 |
| EBIT | 0.02 | — | — | 0.08 | — | reported | — | 1.00 |
| EBT | 0.01 | — | — | 0.08 | — | reported | — | 1.00 |
| Net income | 0.01 | — | — | 0.08 | — | reported | — | 1.00 |
| D&A | 0 | — | — | 0 | — | reported | — | 1.00 |
| Interest expense | 0 | — | — | 0 | — | reported | — | 1.00 |
| Income tax | — | — | — | 0 | — | reported | — | 1.00 |
| EBITDA margin | 6.14% | — | — | 12.5% | — | reported | — | 0.90 |
| EBIT margin | 5.76% | — | — | 12.34% | — | reported | — | 1.00 |
| Net margin | 5.19% | — | — | 11.63% | — | reported | — | 1.00 |
| Cash | 0.07 | — | — | — | — | reported | — | 1.00 |
| Total debt | 0 | — | — | — | — | reported | — | 0.90 |
| Net debt | -0.07 | — | — | — | — | reported | — | 0.85 |
| Equity | -0.1 | — | — | — | — | reported | — | 1.00 |
| Total assets | 0.38 | — | — | — | — | reported | — | 1.00 |
| Current assets | 0.31 | — | — | — | — | reported | — | 1.00 |
| Current liabilities | 0.48 | — | — | — | — | reported | — | 1.00 |
| Non-current liabilities | 0 | — | — | — | — | reported | — | 1.00 |
| Inventory | 0.03 | — | — | — | — | reported | — | 1.00 |
| Trade receivables | 0.2 | — | — | — | — | reported | — | 1.00 |
| CFO | 0.19 | — | — | 0.31 | — | reported | — | 1.00 |
| CapEx | 0.06 | — | — | 0.06 | — | reported | — | 1.00 |
| FCF | 0.13 | — | — | 0.25 | — | reported | — | 0.90 |
| Current ratio | 0.66x | — | — | — | — | reported | — | 0.90 |
| Quick ratio | 0.59x | — | — | — | — | reported | — | 0.90 |
| Cash ratio | 0.16x | — | — | — | — | reported | — | 0.90 |
| Interest coverage | — | — | — | 17.39x | — | reported | — | 0.80 |
| Revenue growth (YoY) | 316.2% | — | — | 917.32% | — | reported | — | 1.00 |
| EBITDA growth (YoY) | 292.06% | — | — | 429.85% | — | reported | — | 0.80 |
| EBIT growth (YoY) | 280% | — | — | 425.65% | — | reported | — | 1.00 |
| Net income growth (YoY) | 154.45% | — | — | 282.19% | — | reported | — | 1.00 |
| EBIT margin Δ (YoY) | 19.08 pp | — | — | 50.89 pp | — | reported | — | 1.00 |
| Net margin Δ (YoY) | 44.89 pp | — | — | 76.56 pp | — | reported | — | 1.00 |
Q2 2026 · Δ YoY
Revenue
0.28
—
0.28
—
- Q2 2025
- —
- YTD 2026
- 0.68
- Δ YoY
- —
EBITDA
0.02
—
0.02
—
- Q2 2025
- —
- YTD 2026
- 0.09
- Δ YoY
- —
EBIT
0.02
—
0.02
—
- Q2 2025
- —
- YTD 2026
- 0.08
- Δ YoY
- —
EBT
0.01
—
0.01
—
- Q2 2025
- —
- YTD 2026
- 0.08
- Δ YoY
- —
Net income
0.01
—
0.01
—
- Q2 2025
- —
- YTD 2026
- 0.08
- Δ YoY
- —
D&A
0
—
0
—
- Q2 2025
- —
- YTD 2026
- 0
- Δ YoY
- —
Interest expense
0
—
0
—
- Q2 2025
- —
- YTD 2026
- 0
- Δ YoY
- —
Income tax
—
—
—
—
- Q2 2025
- —
- YTD 2026
- 0
- Δ YoY
- —
EBITDA margin
6.14%
—
6.14%
—
- Q2 2025
- —
- YTD 2026
- 12.5%
- Δ YoY
- —
EBIT margin
5.76%
—
5.76%
—
- Q2 2025
- —
- YTD 2026
- 12.34%
- Δ YoY
- —
Net margin
5.19%
—
5.19%
—
- Q2 2025
- —
- YTD 2026
- 11.63%
- Δ YoY
- —
Cash
0.07
—
0.07
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total debt
0
—
0
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net debt
-0.07
—
-0.07
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Equity
-0.1
—
-0.1
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total assets
0.38
—
0.38
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Current assets
0.31
—
0.31
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Current liabilities
0.48
—
0.48
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Non-current liabilities
0
—
0
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Inventory
0.03
—
0.03
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Trade receivables
0.2
—
0.2
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
CFO
0.19
—
0.19
—
- Q2 2025
- —
- YTD 2026
- 0.31
- Δ YoY
- —
CapEx
0.06
—
0.06
—
- Q2 2025
- —
- YTD 2026
- 0.06
- Δ YoY
- —
FCF
0.13
—
0.13
—
- Q2 2025
- —
- YTD 2026
- 0.25
- Δ YoY
- —
Current ratio
0.66x
—
0.66x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Quick ratio
0.59x
—
0.59x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Cash ratio
0.16x
—
0.16x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Interest coverage
—
—
—
—
- Q2 2025
- —
- YTD 2026
- 17.39x
- Δ YoY
- —
Revenue growth (YoY)
316.2%
—
316.2%
—
- Q2 2025
- —
- YTD 2026
- 917.32%
- Δ YoY
- —
EBITDA growth (YoY)
292.06%
—
292.06%
—
- Q2 2025
- —
- YTD 2026
- 429.85%
- Δ YoY
- —
EBIT growth (YoY)
280%
—
280%
—
- Q2 2025
- —
- YTD 2026
- 425.65%
- Δ YoY
- —
Net income growth (YoY)
154.45%
—
154.45%
—
- Q2 2025
- —
- YTD 2026
- 282.19%
- Δ YoY
- —
EBIT margin Δ (YoY)
19.08 pp
—
19.08 pp
—
- Q2 2025
- —
- YTD 2026
- 50.89 pp
- Δ YoY
- —
Net margin Δ (YoY)
44.89 pp
—
44.89 pp
—
- Q2 2025
- —
- YTD 2026
- 76.56 pp
- Δ YoY
- —