Today early, oil prices continue to climb, approaching $110 per barrel (for Brent), and there is no sign of a breakthrough in the peace talks between the US and Iran so far.
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Investors remain cautious – in Asia most indices record small declines, while futures on major European indices stay largely unchanged from yesterday’s close. This week’s focus will be on the decisions of major central banks. The first, the Bank of Japan, decided to keep rates unchanged (as expected) – though the decision was not unanimous.
Rate decisions will also be made today by the National Bank of Hungary, tomorrow by the Federal Reserve, and on Thursday by the ECB and the Bank of England. From other releases we highlight the April leading economic indicator readings by the Polish Institute of Economy and the Conference Board consumer confidence index in the US. On the Warsaw Stock Exchange Santander will change its name to Erste, and Żabka will share results for Q1.
Across the border, quarterly earnings reports will be presented by BP, Barclays, Visa, Coca‑Cola, General Motors, UPS and Starbucks.
Company events
BIOCELTIX Publication of the 2025 annual report.
DIGITANET Publication of the individual and consolidated 2025 report.
INTERCARS Publication of the 2025 report.
MABION Publication of the 2025 report.
MEDICALG Publication of the individual and consolidated 2025 report.
MILLENNIUM Publication of the consolidated Q1 2026 report.
WAWEL ZWZA regarding, among other things, profit allocation.
WITTCHEN Publication of the individual and consolidated 2025 report.
ZEPAK Publication of the consolidated and individual 2025 report.
Company statements
ASSECO SEE Asseco SEE had Q1 2026 net profit of PLN 47.5 m and EBITDA of PLN 84.8 m. PAP Business consensus forecast net profit of PLN 36.6 m and EBITDA of PLN 82.1 m.
DEKPOL Dekpol Group had EBITDA of PLN 179.4 m in 2025, 31 % higher YoY. It was noted that the group is conducting intensive acquisition activities aimed at acquiring new assets in key markets.
DEVELIA The Develia board adopted a resolution to issue 150,000 unsecured common bonds on a bearer basis, series DVL0530OZ14, nominal value PLN 1,000 each, with a maximum total nominal value of PLN 150 m. Bonds will be issued under a bond issuance program up to PLN 850 m.
GPW The Warsaw Stock Exchange board will submit to the exchange council a request to approve the profit distribution for the 2025 fiscal year, which foresees a dividend of PLN 142.7 m, or PLN 3.40 per share.
KGHM The KGHM board recommends that the general meeting pay a PLN 300 m dividend from 2025 profit, amounting to PLN 1.5 per share.
MEDICALGORITHMICS Medicalgorithmics signed an amendment to a loan agreement with shareholder BioFund Capital Management. The parties agreed, among other things, to convert the loan into company shares worth about PLN 16.5 m.
MILLENIUM Net profit of the Bank Millennium group in Q1 2026 rose to PLN 300.8 m from PLN 179.3 m a year earlier. The profit was 11.4 % above analysts’ expectations, who forecast PLN 270.1 m.
MIRBUD
1. Mirbud Group had consolidated net profit of PLN 112.3 m in 2025, compared with earlier estimates of PLN 112 m. Sales revenue was PLN 2.95 bn, also in line with earlier estimates.
2. Mirbud signed an agreement with the Słupecki County for the expansion and construction of a county road in Słupecki County, Greater Poland Voivodeship. The contract value is PLN 137.9 m gross.
POLIMEX The Polimex Mostostal group’s order book, net of sales to consortium members, is PLN 10.07 bn. TORPOL intends to allocate PLN 77.86 m of net profit for the 2025 dividend, amounting to PLN 3.39 per share.
UNIBEP The consortium offer with Unibep for up to PLN 4.24 bn net was selected as the most favorable in the PKP PLK tender for the design documentation and construction of the E75 (Rail Baltica) railway line. Unibep’s maximum option is PLN 1.06 bn net.
WP HOLDING Shareholders of WP Holding – Jacek Świderski, Michał Brański, Daniel Sierota and their subsidiaries, Orfe, 10X, Albemuth Investments, and Wirtualna Polska Holding – announced a call to register for the sale of remaining shares. The declared purchase price per share is PLN 59.
Technical analysis signals
AUTOPARTN A black candle on low volume pulls the price below the broken double resistance at PLN 21.9, which so far looks like a mere correction.
MODIVO The share price breaks a local trough with a black candle on rising volume, signaling a continuation of the undervaluation.
SANPL The share price retraces below the broken long‑term peak at PLN 630, which may signal a continuation of a local correction.
PEPCO Shares approach the long‑term resistance at PLN 33.4 on higher volume, indicating buying pressure at that level.
MERCATOR Shares made a retracement to the broken resistance at PLN 48.65 on falling volume, giving buyers a chance to defend it.
