cyber_Folks Q1 2024 Net Profit Up 70%; PLN 1bn Acquisition Potential Identified

cyber_Folks posted Q1 2024 revenues of PLN 144.1m (+30% YoY), EBITDA of PLN 39.7m (+26%), and net profit of PLN 24.2m (+70%). The _now AI builder won the Masters of AI Experience award. Profitroom sale signed for PLN 97.5m. Total shareholder distribution: PLN 28m (PLN 1.50/share dividend + PLN 6.8m buyback).

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cyber_Folks posted Q1 2024 revenues of PLN 144.1m (+30% YoY), EBITDA of PLN 39.7m (+26%), and net profit of PLN 24.2m (+70%). The _now AI website builder won the Masters of AI Experience award. The sale of the Profitroom stake was signed for PLN 97.5m — approximately 3x the original investment. Total shareholder distribution: PLN 28m (PLN 1.50/share dividend + PLN 6.8m share buyback). mWIG40 promotion was expected in the subsequent quarter. PLN 1bn in potential M&A targets identified.