The profits of Polish State Treasury companies in Poland increased by 45% year-on-year in the first quarter of 2025, reaching PLN 15 billion. Among the entities with the highest growth dynamics are Orlen, PKO Bank Polski and Bank Pekao S.A. This increase indicates improved operational efficiency and the effectiveness of Polish ownership supervision in key public enterprises.
Profits of Polish State Treasury companies: Orlen, PKO BP, Pekao deliver strong results
Orlen achieved a net profit of PLN 4.3 billion, representing a 50% year-on-year increase. The company continues its energy transformation, developing petrochemical segments, renewable energy sources, and hydrogen infrastructure. It is consistently implementing a strategy to increase its market share in Central Europe.
PKO Bank Polski recorded a net profit of PLN 2.47 billion (+21% y/y), maintaining its position as the largest financial institution in the country. The bank continues to develop its digital distribution channels as well as SME and sustainable finance segments.
Bank Pekao S.A. closed the quarter with a result of PLN 1.69 billion, an 11% increase year-on-year. The growth in profit stems, among others, from revenue source diversification, cost optimisation and increased involvement in ESG projects.
Profits of State Treasury companies as an indicator of sustainability and governance
As a result, the profit increases are not the effect of one-off factors. State-owned companies are implementing investment strategies aimed at long-term development, increasing resilience to economic fluctuations. The quality of ownership supervision has also improved.
Macroeconomic context
According to expert forecasts, Poland’s GDP is expected to grow by 3.5% in 2025. In addition, the Polish government plans to continue large infrastructure projects, such as the construction of the Central Communication Port and the first nuclear power plant. These factors contribute to increased interest from foreign investors in the Polish capital market and public sector.
Conclusions
The profits achieved by key Polish State Treasury companies in the first quarter of 2025 are a clear signal of improved managerial and operational efficiency. They also confirm that the public sector in Poland is capable of effectively pursuing investment objectives in a volatile market environment. From an investment perspective, this data is a significant element in assessing macroeconomic stability and the attractiveness of the market.
