Q2 2026 report
Spółka o skomplikowanej, wielokrotnie przekształcanej historii korporacyjnej (Skinwallet → fuzja z W.G Partners sp. z o.o. → domy modułowe), obecnie bez wyraźnie widocznych przychodów operacyjnych w I połowie 2026 r.
Sentiment
Cautious
No guidance change
WGP
Q2 2026 report
Net income
-48 PLN
— YoY
EBITDA
26,904 PLN
— YoY
CFO
0 PLN
— YoY
Summary
Investment thesis
- Kapitał własny głęboko ujemny (-767,7 tys. zł) i pogłębiający się mimo emisji akcji serii G zarejestrowanej w grudniu 2025 r.
- Wynik operacyjny Q2 dodatni wyłącznie dzięki jednorazowym/nieregularnym pozostałym przychodom operacyjnym, nie dzięki podstawowej działalności.
- Płynność bieżąca poniżej 1 (0,83) — zobowiązania krótkoterminowe przewyższają aktywa obrotowe.
- Brak w raporcie jakiegokolwiek wyjaśnienia zniknięcia przychodów ze sprzedaży rok do roku — kluczowe pytanie pozostaje otwarte.
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Financials
BETA
WGP · Q2 2026
| Metric | Q2 2026 | Q2 2025 | Δ YoY | YTD 2026 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|---|---|
| Gross profit | -26,396 | — | — | -94,188 | — | reported | — | 1.00 |
| EBITDA | 26,904 | — | — | -66,674 | — | derived | — | 0.90 |
| EBIT | 21,525 | — | — | -77,433 | — | reported | — | 1.00 |
| EBT | -48 | — | — | -99,009 | — | reported | — | 1.00 |
| Net income | -48 | — | — | -99,009 | — | reported | — | 1.00 |
| EPS (basic) | — | — | — | 0 | — | derived | — | 0.60 |
| D&A | 5,379 | — | — | 10,759 | — | reported | — | 1.00 |
| Interest expense | 21,573 | — | — | 21,576 | — | reported | — | 0.90 |
| Shares (basic) (m units) | 52.19 | — | — | — | — | reported | — | 0.80 |
| Cash | 34,485 | — | — | — | — | reported | — | 1.00 |
| Total debt | 563,250 | — | — | — | — | derived | — | 0.90 |
| Net debt | 528,765 | — | — | — | — | derived | — | 0.90 |
| Equity | -767,668 | — | — | — | — | reported | — | 1.00 |
| Total assets | 3,558,465 | — | — | — | — | reported | — | 1.00 |
| Working capital | -719,432 | — | — | — | — | derived | — | 1.00 |
| Current assets | 3,444,215 | — | — | — | — | reported | — | 1.00 |
| Current liabilities | 4,163,647 | — | — | — | — | reported | — | 1.00 |
| Non-current liabilities | 162,486 | — | — | — | — | reported | — | 1.00 |
| Inventory | 167,000 | — | — | — | — | reported | — | 1.00 |
| Trade receivables | 2,369,392 | — | — | — | — | reported | — | 1.00 |
| Trade payables | 1,922,113 | — | — | — | — | reported | — | 1.00 |
| CFO | 0 | — | — | -2,160 | — | reported | — | 1.00 |
| Current ratio | 0.83x | — | — | — | — | derived | — | 1.00 |
| Quick ratio | 0.79x | — | — | — | — | derived | — | 1.00 |
| Cash ratio | 0.01x | — | — | — | — | derived | — | 1.00 |
| Interest coverage | 1x | — | — | -3.59x | — | derived | — | 0.90 |
| Debt / equity | -0.73x | — | — | — | — | derived | — | 0.85 |
| Debt / assets | 0.16x | — | — | — | — | derived | — | 0.90 |
| Net debt / equity | -0.69x | — | — | — | — | derived | — | 0.85 |
| EBITDA growth (YoY) | 162.61% | — | — | -107.36% | — | derived | — | 0.85 |
| EBIT growth (YoY) | 128.04% | — | — | -109.23% | — | derived | — | 0.90 |
| Net income growth (YoY) | 99.95% | — | — | -113.94% | — | derived | — | 0.90 |
Q2 2026 · Δ YoY
Gross profit
-26,396
—
-26,396
—
- Q2 2025
- —
- YTD 2026
- -94,188
- Δ YoY
- —
EBITDA
26,904
—
26,904
—
- Q2 2025
- —
- YTD 2026
- -66,674
- Δ YoY
- —
EBIT
21,525
—
21,525
—
- Q2 2025
- —
- YTD 2026
- -77,433
- Δ YoY
- —
EBT
-48
—
-48
—
- Q2 2025
- —
- YTD 2026
- -99,009
- Δ YoY
- —
Net income
-48
—
-48
—
- Q2 2025
- —
- YTD 2026
- -99,009
- Δ YoY
- —
EPS (basic)
—
—
—
—
- Q2 2025
- —
- YTD 2026
- 0
- Δ YoY
- —
D&A
5,379
—
5,379
—
- Q2 2025
- —
- YTD 2026
- 10,759
- Δ YoY
- —
Interest expense
21,573
—
21,573
—
- Q2 2025
- —
- YTD 2026
- 21,576
- Δ YoY
- —
Shares (basic)
(m units)
52.19
—
52.19
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Cash
34,485
—
34,485
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total debt
563,250
—
563,250
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net debt
528,765
—
528,765
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Equity
-767,668
—
-767,668
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total assets
3,558,465
—
3,558,465
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Working capital
-719,432
—
-719,432
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Current assets
3,444,215
—
3,444,215
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Current liabilities
4,163,647
—
4,163,647
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Non-current liabilities
162,486
—
162,486
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Inventory
167,000
—
167,000
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Trade receivables
2,369,392
—
2,369,392
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Trade payables
1,922,113
—
1,922,113
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
CFO
0
—
0
—
- Q2 2025
- —
- YTD 2026
- -2,160
- Δ YoY
- —
Current ratio
0.83x
—
0.83x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Quick ratio
0.79x
—
0.79x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Cash ratio
0.01x
—
0.01x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Interest coverage
1x
—
1x
—
- Q2 2025
- —
- YTD 2026
- -3.59x
- Δ YoY
- —
Debt / equity
-0.73x
—
-0.73x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Debt / assets
0.16x
—
0.16x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net debt / equity
-0.69x
—
-0.69x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
EBITDA growth (YoY)
162.61%
—
162.61%
—
- Q2 2025
- —
- YTD 2026
- -107.36%
- Δ YoY
- —
EBIT growth (YoY)
128.04%
—
128.04%
—
- Q2 2025
- —
- YTD 2026
- -109.23%
- Δ YoY
- —
Net income growth (YoY)
99.95%
—
99.95%
—
- Q2 2025
- —
- YTD 2026
- -113.94%
- Δ YoY
- —