7FT
Q2 2026 report
Revenue
10.62 m PLN
— YoY
Net income
0.62 m PLN
— YoY
EBITDA
0.93 m PLN
— YoY
FCF
-0.46 m PLN
— YoY
Summary
Investment thesis
- Marża netto w samym II kwartale skurczyła się o 4,2 pp r/r (do 5,85%) pod presją rosnących cen białka serwatkowego — kluczowe pytanie to trwałość tej presji kosztowej
- Operacyjny cash flow narastająco jest ujemny (-680,7 tys. zł) mimo wzrostu zysku netto — kapitał obrotowy (zapasy, należności) rośnie szybciej niż gotówka wpływająca do spółki
- Bilans pozostaje bezpieczny — niska dźwignia (dług netto/kapitał własny ok. 0,38x), dodatni kapitał obrotowy, spółka wypłaca dywidendę z zysku 2025 r.
- Skrócona, niebadana forma raportu kwartalnego NC oraz koncentracja głosów w rękach dwóch członków zarządu (79%) ograniczają przejrzystość dla zewnętrznego inwestora
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
7FT · Q2 2026
| Metric | Q2 2026 | Q2 2025 | Δ YoY | YTD 2026 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.62 | — | — | 24.05 | — | reported | — | 1.00 |
| EBITDA | 0.93 | — | — | 2.96 | — | derived | — | 0.90 |
| EBIT | 0.84 | — | — | 2.78 | — | reported | — | 1.00 |
| EBT | 0.81 | — | — | 2.75 | — | reported | — | 1.00 |
| Net income | 0.62 | — | — | 2.19 | — | reported | — | 1.00 |
| D&A | 0.09 | — | — | 0.19 | — | reported | — | 1.00 |
| Interest expense | 0.03 | — | — | 0.07 | — | reported | — | 1.00 |
| Income tax | 0.18 | — | — | 0.56 | — | reported | — | 1.00 |
| EBITDA margin | 8.74% | — | — | 12.32% | — | derived | — | 0.90 |
| EBIT margin | 7.86% | — | — | 11.54% | — | derived | — | 0.90 |
| EBT margin | 7.58% | — | — | 11.43% | — | derived | — | 0.90 |
| Net margin | 5.85% | — | — | 9.09% | — | derived | — | 1.00 |
| D&A margin | 0.87% | — | — | — | — | derived | — | 0.90 |
| Cash | 0.71 | — | — | — | — | reported | — | 1.00 |
| Total debt | 4.79 | — | — | — | — | derived | — | 0.90 |
| Net debt | 4.08 | — | — | — | — | derived | — | 0.90 |
| Equity | 10.64 | — | — | — | — | reported | — | 1.00 |
| Total assets | 21.31 | — | — | — | — | reported | — | 1.00 |
| Working capital | 9.18 | — | — | — | — | derived | — | 0.90 |
| Current assets | 19.59 | — | — | — | — | reported | — | 1.00 |
| Current liabilities | 10.41 | — | — | — | — | reported | — | 1.00 |
| Inventory | 12.44 | — | — | — | — | reported | — | 1.00 |
| Trade receivables | 5.17 | — | — | — | — | reported | — | 1.00 |
| Trade payables | 4.73 | — | — | — | — | reported | — | 1.00 |
| Goodwill | 0.02 | — | — | — | — | reported | — | 1.00 |
| Tangible equity | 10.63 | — | — | — | — | derived | — | 0.90 |
| CFO | -0.46 | — | — | -0.68 | — | reported | — | 1.00 |
| CapEx | 0 | — | — | 0 | — | reported | — | 1.00 |
| FCF | -0.46 | — | — | -0.68 | — | derived | — | 0.90 |
| FCF conversion | -49.98% | — | — | -22.97% | — | derived | — | 0.90 |
| CFO conversion | -49.98% | — | — | -22.97% | — | derived | — | 0.90 |
| Dividends paid | — | — | — | 0 | — | reported | — | 1.00 |
| Current ratio | 1.88x | — | — | — | — | derived | — | 0.90 |
| Quick ratio | 0.69x | — | — | — | — | derived | — | 0.90 |
| Cash ratio | 0.07x | — | — | — | — | derived | — | 0.90 |
| Interest coverage | 26.62x | — | — | 39.13x | — | derived | — | 0.90 |
| Debt / equity | 0.45x | — | — | — | — | derived | — | 0.90 |
| Debt / assets | 0.22x | — | — | — | — | derived | — | 0.90 |
| Net debt / equity | 0.38x | — | — | — | — | derived | — | 0.90 |
| Revenue growth (YoY) | 22.53% | — | — | 41.26% | — | derived | — | 1.00 |
| EBITDA growth (YoY) | -19.71% | — | — | 41.22% | — | derived | — | 0.90 |
| EBIT growth (YoY) | -23.04% | — | — | 41.57% | — | derived | — | 0.90 |
| Net income growth (YoY) | -28.62% | — | — | 42.68% | — | derived | — | 1.00 |
| EBITDA margin Δ (YoY) | -4.59 pp | — | — | — | — | derived | — | 0.90 |
| EBIT margin Δ (YoY) | -4.66 pp | — | — | — | — | derived | — | 0.90 |
| Net margin Δ (YoY) | -4.2 pp | — | — | — | — | derived | — | 1.00 |
Q2 2026 · Δ YoY
Revenue
10.62
—
10.62
—
- Q2 2025
- —
- YTD 2026
- 24.05
- Δ YoY
- —
EBITDA
0.93
—
0.93
—
- Q2 2025
- —
- YTD 2026
- 2.96
- Δ YoY
- —
EBIT
0.84
—
0.84
—
- Q2 2025
- —
- YTD 2026
- 2.78
- Δ YoY
- —
EBT
0.81
—
0.81
—
- Q2 2025
- —
- YTD 2026
- 2.75
- Δ YoY
- —
Net income
0.62
—
0.62
—
- Q2 2025
- —
- YTD 2026
- 2.19
- Δ YoY
- —
D&A
0.09
—
0.09
—
- Q2 2025
- —
- YTD 2026
- 0.19
- Δ YoY
- —
Interest expense
0.03
—
0.03
—
- Q2 2025
- —
- YTD 2026
- 0.07
- Δ YoY
- —
Income tax
0.18
—
0.18
—
- Q2 2025
- —
- YTD 2026
- 0.56
- Δ YoY
- —
EBITDA margin
8.74%
—
8.74%
—
- Q2 2025
- —
- YTD 2026
- 12.32%
- Δ YoY
- —
EBIT margin
7.86%
—
7.86%
—
- Q2 2025
- —
- YTD 2026
- 11.54%
- Δ YoY
- —
EBT margin
7.58%
—
7.58%
—
- Q2 2025
- —
- YTD 2026
- 11.43%
- Δ YoY
- —
Net margin
5.85%
—
5.85%
—
- Q2 2025
- —
- YTD 2026
- 9.09%
- Δ YoY
- —
D&A margin
0.87%
—
0.87%
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Cash
0.71
—
0.71
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total debt
4.79
—
4.79
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net debt
4.08
—
4.08
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Equity
10.64
—
10.64
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Total assets
21.31
—
21.31
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Working capital
9.18
—
9.18
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Current assets
19.59
—
19.59
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Current liabilities
10.41
—
10.41
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Inventory
12.44
—
12.44
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Trade receivables
5.17
—
5.17
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Trade payables
4.73
—
4.73
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Goodwill
0.02
—
0.02
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Tangible equity
10.63
—
10.63
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
CFO
-0.46
—
-0.46
—
- Q2 2025
- —
- YTD 2026
- -0.68
- Δ YoY
- —
CapEx
0
—
0
—
- Q2 2025
- —
- YTD 2026
- 0
- Δ YoY
- —
FCF
-0.46
—
-0.46
—
- Q2 2025
- —
- YTD 2026
- -0.68
- Δ YoY
- —
FCF conversion
-49.98%
—
-49.98%
—
- Q2 2025
- —
- YTD 2026
- -22.97%
- Δ YoY
- —
CFO conversion
-49.98%
—
-49.98%
—
- Q2 2025
- —
- YTD 2026
- -22.97%
- Δ YoY
- —
Dividends paid
—
—
—
—
- Q2 2025
- —
- YTD 2026
- 0
- Δ YoY
- —
Current ratio
1.88x
—
1.88x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Quick ratio
0.69x
—
0.69x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Cash ratio
0.07x
—
0.07x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Interest coverage
26.62x
—
26.62x
—
- Q2 2025
- —
- YTD 2026
- 39.13x
- Δ YoY
- —
Debt / equity
0.45x
—
0.45x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Debt / assets
0.22x
—
0.22x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net debt / equity
0.38x
—
0.38x
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Revenue growth (YoY)
22.53%
—
22.53%
—
- Q2 2025
- —
- YTD 2026
- 41.26%
- Δ YoY
- —
EBITDA growth (YoY)
-19.71%
—
-19.71%
—
- Q2 2025
- —
- YTD 2026
- 41.22%
- Δ YoY
- —
EBIT growth (YoY)
-23.04%
—
-23.04%
—
- Q2 2025
- —
- YTD 2026
- 41.57%
- Δ YoY
- —
Net income growth (YoY)
-28.62%
—
-28.62%
—
- Q2 2025
- —
- YTD 2026
- 42.68%
- Δ YoY
- —
EBITDA margin Δ (YoY)
-4.59 pp
—
-4.59 pp
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
EBIT margin Δ (YoY)
-4.66 pp
—
-4.66 pp
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —
Net margin Δ (YoY)
-4.2 pp
—
-4.2 pp
—
- Q2 2025
- —
- YTD 2026
- —
- Δ YoY
- —