In this context, uncertainty was raised in recent days by reports of a possible IPO delay for OpenAI. Consequently, Nasdaq slid for the fifth consecutive day, and investors moved capital to more defensive sectors such as healthcare, utilities, or FMCG.
The above slightly negatively affected the session on the Warsaw Stock Exchange. The largest companies fell by more than 0.7%, although losses were somewhat mitigated toward the end of the session.
The leaders of the declines were commodity stocks (KGHM, Orlen), as well as CD Projekt and Modivo; on the other hand, Kęt (+3.4%) benefited from preliminary 2Q results.
GUS will publish preliminary CPI inflation estimate
Next week on Tuesday, GUS will publish a preliminary CPI inflation estimate for June. BNP Paribas economists forecast that consumer price dynamics will again slow, ending the month at 2.7‑2.8% YoY. Although on June 16 higher excise tax rates on gasoline and diesel were reinstated, which ceteris paribus raised fuel purchase costs by about 5%, this increase was offset by rapidly falling oil prices on global markets. We expect that despite tax changes, fuels may have cooled by about 6‑7% in June.
On Wednesday the May PMI for the Polish industrial processing sector will be presented. BNP Paribas economists expect the index to rise toward the 50‑point threshold, helped by orders placed under the EU SAFE program. Outside Poland, markets will focus on Thursday’s release of U.S. June labor statistics.
The market consensus assumes that non‑agricultural employment increased by 115,000 jobs this month, and hourly wage growth accelerated to 3.5% YoY from 3.4% in May. Unemployment also stabilized at 4.3%. The U.S. labor market outlook may significantly influence future Fed decisions.
At the June Fed meeting, new Chair Kevin Warsh proved to be more “hawkish” than expected, and signals suggesting that the labor market poses inflation risks in the United States could lead to higher interest rates.
WIG20 and mWIG40
JSW The agreement to finance JSW employee departures signed a deal with the Minister of Energy regarding financing for miners’ leave and leave for employees of mechanical coal processing plants. The total grant value for financing benefits under the agreement is about 287 million PLN.
Text 4Q’25/26 results: Revenue was 79.9 million PLN (-10.2% YoY and 3% below expectations). EBITDA was 37.6 million PLN (-20.5% YoY and 1.1% below expectations). EBIT was 30.7 million PLN (-24.8% YoY and -1.6% from consensus), and net profit was 28.6 million PLN (-22.3% YoY and -1.0% from expectations).
Text Dividend: Text plans to allocate nearly 109.7 million PLN for the 2025/26 fiscal year, giving 4.26 PLN per share. Including advances, 2.13 PLN per share will remain for payout.
SWIG80 and others
CI Games Interview with the CEO
• "Shifting the release to Q1 2027 was a strategic decision. We wanted to give the game more time to refine and simultaneously avoid the highly competitive period dominated by GTA VI, which will dominate the end of the year. We believe Lords of the Fallen 2 has a strong identity and high quality that will attract players regardless of other titles. We focus on what we can control – creating a polished game that gives us a chance to elevate CI Games to the top tier." – said PAP Biznes Tymiński.
• The release shift for Lords of the Fallen 2 does not negatively affect the Sniper Ghost Warrior Evolve project schedule but may have a multi‑month impact on Project H.
• LOTF2 surpassed 300,000 Steam wish‑list registrations.
Inpro Dividend: The Inpro shareholders’ meeting decided on a dividend for 2025 of 0.25 PLN per share, totaling about 10 million PLN. The dividend date is set for 24 July 2026, with payment on 7 August 2026.
Mex Polska Dividend: The ordinary shareholders’ meeting of Mex Polska decided that about 460,000 PLN from 2025 profits will be paid as dividend, giving 0.06 PLN per share. The dividend date is 10 July, with payment on 24 July 2026.
NanoGroup Acquisition: NanoGroup’s acquisition of Auxilius Pharma signed an investment agreement with Auxilius Pharma, including a share swap that will increase NanoGroup’s capital commitment to Auxilius Pharma to 100%. Auxilius Pharma shareholders will receive biotech group shares at a set par value and at NanoGroup’s issue price of 4.20 PLN per share. The transaction will be cash‑less.
PKP Cargo Share issuance: PKP Cargo shareholders at the general meeting agreed to increase the share capital by issuing from 75 million to 89.57 million shares at a price higher than two values: 12 PLN or 80% of the weighted average share price over 50 trading sessions preceding the allotment date, ensuring funds to repay company obligations. The employee share issuance resolution did not pass.
Unimot Cooperation memorandum: Unimot and PZL Defence, a Unimot group company, signed a memorandum with Ukrainian JSC Ivchenko‑Progress on cooperation in developing, producing, and commercializing small turbofan engines and other technologies for the aviation and defense sectors.
Unimot Dividend: Unimot shareholders decided on a dividend of 6.5 PLN per share for 2025. The dividend date is 3 July, with payment on 10 July 2026.
