The listed financial group posted a cash EBITDA of PLN 60.7 million in Q1 2024,
reflecting a 27% year-on-year increase. Repayments from claims owed to BEST
Group rose by 23%. This strong performance is driven by the expanding scale of
operations, with the balance sheet value of claim portfolios held by BEST
reaching PLN 1.37 billion by the end of the quarter – a record high in the
company’s history.

BEST Group’s operating revenues grew by 6% in Q1, reaching PLN 89.6 million, while net profit surged by 35% to PLN 20 million.

BEST Group entered Q2 2024 with a claim portfolio valued at PLN 1.37 billion, translating to a record nominal value of PLN 3.1 billion in estimated future repayments. Over the past 12 months, the Group allocated nearly PLN 300 million for investments, including PLN 14 million in Q1 2024, with plans to maintain a similar investment scale throughout 2024. To achieve its investment targets, BEST Group plans to leverage both internally generated profits and external financing. In May, the Group successfully issued bonds to institutional investors, raising PLN 50 million.

 – The first quarter was both busy and highly successful for us, with strong financial results and notable operational achievements. We are steadily advancing the development plan for BEST Group, aimed at significantly expanding our operations in the coming years, particularly in foreign markets. In Q1, we achieved a 74% increase in revenues from the Italian market, and the value of claim portfolios in Italy grew by 23%. Our ambition is to sustain this high growth momentum in the Group’s key operational and financial metrics in the coming quarters, commented Krzysztof Borusowski, President of the Management Board of BEST S.A.