Benefit Systems S.A.

Benefit Systems S.A. Reports Strong Q1 2026 Financial Performance Amid Strategic Expansion

Warsaw, Poland – Benefit Systems S.A., a leading provider of non-pay employee benefits, has reported robust financial results for the first quarter of 2026, showcasing significant growth across its key markets and continued strategic expansion. The company achieved a consolidated revenue of PLN 1.38 billion, marking an impressive 45% year-on-year increase compared to Q1 2025. Net profit from continuing operations surged to PLN 230.5 million, a remarkable 307% increase from the previous year. EBITDA also grew substantially, reaching PLN 413.8 million, up 108% year-on-year.

Key highlights of the quarter include:

• Poland Segment: Revenue increased by 18.6% year-on-year, driven by a rise in active MultiSport cards to 1.87 million and growth in fitness club sales. The company expanded its proprietary fitness club network to 295 locations, including acquisitions of 11 "Fitness For Life" clubs and the purchase of Fit Meet Sp. z o.o.
• Foreign Markets EU Segment: Revenue grew by 33%, with the number of active MultiSport cards rising by 21% to 714,700. The segment added 46 new fitness clubs, bringing the total to 135 across the Czech Republic, Slovakia, Bulgaria, and Croatia.
• Turkey Segment: Revenue skyrocketed by 2,659%, reflecting the integration of the MAC Group, which added 146 fitness clubs to the network. The number of active MultiSport cards in Turkey tripled year-on-year to 61,600.
• Strategic Initiatives: The company introduced international acceptance of MultiSport cards, enabling users to access over 11,000 sports facilities across all operating markets. Additionally, new features were launched on the Multi.Life and MyBenefit platforms, enhancing user experience and supporting employee wellbeing.

Despite the positive financial results, the company faces challenges, including rising energy costs, regulatory changes, and geopolitical uncertainties that may impact operational expenses and demand for its services. However, forecasts from the European Commission suggest a stabilizing economic environment in the coming years, which could mitigate these pressures.

Benefit Systems S.A. also adopted a new Dividend Policy for 2026–2028, committing to recommend a dividend payout of at least 60% of adjusted consolidated net profit annually. The company plans to distribute PLN 330.1 million as dividends for 2025, subject to approval at the upcoming Annual General Meeting.

Relevance to Benefit Systems S.A.: The article highlights the company's strong financial performance, strategic acquisitions, and innovative initiatives, which align with its mission to provide comprehensive non-pay employee benefits and expand its market presence.

Benefit Systems Maintains Annual Forecasts Following Strong First Quarter Performance

Benefit Systems S.A., a leading provider of non-pay employee benefits, has reaffirmed its annual business targets after a robust performance in the first quarter of the year, according to Marcin Fojudzki, a member of the company's management board. The company remains optimistic about its growth trajectory despite external challenges such as fluctuating interest rates and rising energy costs. Benefit Systems continues to leverage its integrated business model, combining the sale of MultiSport cards with the operation of proprietary fitness clubs, to drive operational synergies and ensure service quality.

Relevance: This update highlights Benefit Systems' resilience and strategic focus amidst economic uncertainties, reinforcing its position as a key player in the non-pay benefits sector and its commitment to delivering value to clients and stakeholders.

European Markets Decline Amid Energy Price Surge and Geopolitical Tensions

European stock indices experienced significant declines as geopolitical tensions between the United States and Iran dampened investor sentiment. The Euro Stoxx 50 fell by 1.79%, while Germany's DAX dropped 1.69%, and France's CAC 40 decreased by 1.36%. The UK’s FTSE 100 also saw a 1.5% dip. Rising energy prices, driven by the prolonged closure of the Strait of Hormuz, are impacting energy-dependent economies and industries, with the European commodity index plunging by 4.3%. Additionally, technology stocks fell by 3%, while banking shares dropped by 2%. The European Central Bank is expected to implement two interest rate hikes in 2026, with the first anticipated in June, further influencing market dynamics.

In the U.S., futures contracts also showed negative trends, while the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite closed at record highs in the previous session. Meanwhile, oil prices surged, with WTI futures rising by 3.6% to $104.82 per barrel and Brent crude increasing by 3.33% to $109.24 per barrel. The dollar strengthened against major currencies, while the euro and pound weakened.

Geopolitical developments also took center stage as U.S. President Donald Trump revealed discussions with Chinese President Xi Jinping regarding Iran’s nuclear ambitions and the reopening of the Strait of Hormuz. Despite optimism for a major trade agreement, no significant deal was announced.

Relevance to Benefit Systems S.A.: Rising energy costs could impact the operational expenses of Benefit Systems S.A.’s fitness clubs and partner facilities, potentially affecting profitability. Additionally, anticipated interest rate hikes in Europe may influence financing costs for the company’s international operations and acquisitions.

Benefit Systems S.A. Announces Major Corporate Governance and Incentive Program Changes at 2026 Annual General Meeting

Benefit Systems S.A., a leading provider of non-pay employee benefits in Poland and Central Europe, has convened its Ordinary General Meeting for June 10, 2026, at its Warsaw headquarters. The agenda includes approval of the 2025 standalone and consolidated financial statements, distribution of profit, discharge of Management and Supervisory Board members, and significant amendments to the company’s Statute.

Key Financial Results and Dividend:

• For 2025, the company reported standalone sales revenue of PLN 2.75 billion and a net profit of PLN 402.1 million.
• The consolidated Group posted sales of PLN 4.52 billion and a net profit of PLN 572.9 million.
• The General Meeting will decide on a dividend payout of PLN 100 per share, totaling PLN 330.1 million, with the remaining profit allocated to reserve capital. The dividend record date is set for September 7, 2026, and payment on September 25, 2026.

Corporate Governance Modernization:

• The proposed amendments to the Statute aim to modernize corporate governance, enhance transparency, and align with current regulatory and market standards. Changes include clarifying the roles of the Management and Supervisory Boards, strengthening oversight of strategic decisions, and embedding ESG and BCorp principles into the company’s long-term objectives.
• The Statute will also facilitate more effective group-level management and oversight, reflecting the company’s international expansion and operational scale.

New Incentive Program for Key Employees:

• The meeting will vote on a new Incentive Program for 2026–2028, targeting up to 149 key managers and executives, including Management Board members.
• The program involves the issuance of up to 99,000 subscription warrants (series O, P, R, S, T, U), convertible into series I shares, with vesting tied to ambitious multi-year financial targets (EBITpS and PBTpS).
• Warrants will be granted free of charge, with the exercise price based on the average market price less dividends paid during the program period. Existing shareholders’ pre-emptive rights will be excluded, a move justified by the Board as necessary to align management interests with long-term value creation.

Remuneration Policy and Supervisory Board Compensation:

• The maximum variable-to-fixed remuneration ratio for Management Board members will be increased from 150% to 300%, providing greater flexibility to reward long-term performance.
• Additional monthly compensation will be introduced for Supervisory Board members serving on the Nomination and Remuneration Committee.

Group Structure Simplification:

• The company will merge with its wholly-owned subsidiaries Fit Meet sp. z o.o. and Core Fitness sp. z o.o. to streamline the group structure and improve management efficiency. No new shares will be issued, and no special rights or benefits will be granted as part of the merger.

Remuneration Report and Audit:

• The 2025 remuneration report for Management and Supervisory Board members has been positively reviewed by independent auditor KPMG, confirming compliance with legal and internal policy requirements.

Share Capital and Voting Rights:

• As of May 14, 2026, the company’s share capital consists of 3,301,042 shares, each carrying one vote at the General Meeting.

Relevance: This article is highly relevant to Benefit Systems S.A. as it details strategic decisions on governance, incentive alignment, and group structure that directly impact the company’s operational model, international growth, and ability to attract and retain key talent in a competitive labor market.

Benefit Systems Reports Record Q1 2026 Financial Results Driven by MAC Acquisition and Operational Growth

Benefit Systems S.A., a leader in non-pay employee benefits, has reported a significant increase in its financial performance for Q1 2026. The company’s net profit surged to PLN 229.6 million, up from PLN 56.7 million in the same period last year, surpassing market expectations of PLN 156 million. Operating profit (EBIT) rose to PLN 232.1 million, while adjusted EBIT reached PLN 248.3 million. EBITDA also saw remarkable growth, climbing to PLN 413.8 million, a 108% year-over-year increase.

Revenue for the quarter totaled PLN 1.383 billion, marking a 45% year-over-year increase, driven by the consolidation of Turkey’s MAC Group, which contributed approximately PLN 198 million in revenue. The acquisition has also bolstered the company’s international presence, with the number of MultiSport card users in Turkey growing to 61,600, compared to 8,300 a year earlier. The Turkish segment reported a profit of PLN 35.3 million, reversing a loss of PLN 40 million in Q1 2025.

In Poland, revenues grew by 19% year-over-year to PLN 808.5 million, with the number of MultiSport cards increasing to 1.872 million. The company also saw growth in its international operations, with revenues in the EU segment rising by 33% to PLN 349.9 million and the number of cards reaching 715,000, up from 591,000 a year earlier.

Looking ahead, Benefit Systems plans to expand its network with over 70 new fitness club openings across Poland, Turkey, and other international markets in 2026. The company expects continued growth in card volumes, improved profitability in Turkey, and stable or improved margins in Poland and the EU.

Marcin Fojudzki, a member of the management board, emphasized the company’s strong operational and financial position, stating, “Poland remains our most important market, while the growing scale of international operations continues to enhance our business metrics. We see significant potential for further value creation in the coming months and years.”

Benefit Systems is also focusing on optimizing its existing network and improving operational efficiency, with a strategic shift toward maximizing sales effectiveness and profitability rather than aggressive expansion.

Relevance: This article highlights Benefit Systems S.A.’s robust financial performance and strategic growth initiatives, aligning with its business model of integrating fitness club ownership with the sale of sport cards to drive operational synergies and international expansion.

Competitive Labour Market and Economic Trends Impact Non-Pay Benefits Sector

As Poland experiences a significant drop in unemployment rates, employers are increasingly turning to non-pay benefits to attract and retain talent in a competitive labour market. This trend is expected to boost demand for services like the MultiSport card, a flagship product of Benefit Systems S.A., which provides access to thousands of sports and fitness facilities. However, rising energy costs pose challenges for fitness clubs and sports facilities, potentially impacting operational profitability. Additionally, fluctuations in interest rates in Poland could influence financing costs for Benefit Systems, particularly in relation to its debt-financed acquisition of Turkey’s MAC Group, the country’s largest fitness chain.

Relevance to Benefit Systems S.A.: The article highlights key economic factors—unemployment rates, energy costs, and interest rates—that directly affect Benefit Systems’ business model, operational costs, and strategic growth initiatives, including its international expansion efforts.

Benefit Systems S.A. Proposes Dividend Payout of PLN 330 Million for 2025

On May 12, 2026, the Management Board of Benefit Systems S.A., headquartered in Warsaw, announced its proposal to allocate the company’s net profit of PLN 402,089,085.32 for the financial year ending December 31, 2025. The proposal includes a dividend payout of PLN 330,104,200.00, equivalent to PLN 100 per share, with the remaining PLN 71,984,885.32 to be transferred to the company’s reserve capital. The proposed dividend date is set for September 7, 2026, with the payout scheduled for September 25, 2026.

The Management Board emphasized that the recommendation balances the need to share profits with shareholders while maintaining financial flexibility to support future investments and strengthen the Group’s competitive advantages. The Supervisory Board has endorsed the proposal, with the final decision to be made at the upcoming Ordinary General Meeting.

Relevance to Benefit Systems S.A.: This announcement highlights the company’s strong financial performance and its commitment to shareholder value while ensuring resources are available for strategic investments to sustain its leadership in the non-pay employee benefits and fitness sectors.

Capital Market Calendar Highlights Key Events for Polish Companies

The upcoming week on the Warsaw Stock Exchange features several significant corporate events, including extraordinary and ordinary general meetings, dividend payouts, and strategic decisions by major Polish companies. Notable highlights include:

• Tuesday, May 12: KOGENERA will hold an extraordinary general meeting to discuss the acquisition of fixed assets valued at up to PLN 912 million.
• Wednesday, May 13: Dividend payouts are scheduled for ALIOR (PLN 8.93 per share) and ERSTEPL (PLN 49.98 per share).
• Thursday, May 14: PURE will convene an extraordinary general meeting to address the issuance of new shares and changes to its corporate statutes.
• Friday, May 15: TSGAMES will distribute a dividend of PLN 10.00 per share, while BOS will hold an extraordinary general meeting to discuss changes to its supervisory board.
• Monday, May 18: General meetings are scheduled for SHOPER, CYBERFLKS, and VERCOM.

These events reflect the dynamic nature of Poland's capital market, with companies actively pursuing strategic initiatives, shareholder rewards, and governance updates.

Relevance to Benefit Systems S.A.: The calendar highlights the competitive landscape of Polish companies, emphasizing the importance of strategic decision-making and shareholder engagement, which are critical for Benefit Systems S.A. as it navigates market challenges and opportunities in the non-pay benefits sector.

Upcoming Corporate Events Highlight Strategic Decisions Across NewConnect Market

The NewConnect market calendar for May 12-18, 2026, outlines several significant corporate events that could influence market dynamics. Key highlights include:

• May 12: MFOOD Ordinary General Meeting.
• May 13: RUCHCHORZ Extraordinary General Meeting to discuss changes in the company’s statute, and AZTEC’s Ordinary and Extraordinary General Meetings focusing on a motivational program, issuance of subscription warrants, and appointment of a supervisory board member.
• May 14: COREY Extraordinary General Meeting addressing changes in the company name and supervisory board composition.
• May 15: POLTRONIC Dividend Day, with a dividend payout of 0.05 PLN per share.
• May 18: DEFENCEH Extraordinary General Meeting to discuss amendments to the company statute.

These events reflect strategic adjustments and financial decisions by companies listed on NewConnect, showcasing the dynamic nature of the market.

Relevance to Benefit Systems S.A.: The corporate events highlight the importance of strategic decision-making in competitive markets, which is directly relevant to Benefit Systems S.A. as it navigates challenges such as fluctuating interest rates, operational costs, and evolving labour market dynamics.

Benefit Systems S.A. to Host Q1 2026 Financial Results Conference Amid Dynamic Market Conditions

Benefit Systems S.A., a leading provider of non-pay employee benefits specializing in sports, recreation, culture, and well-being, is set to hold a teleconference on May 15, 2026, to discuss its financial results for the first quarter of 2026. The event comes at a time of significant economic developments, including fluctuating unemployment rates, rising energy costs, and changing interest rates, all of which could impact the company’s operations and profitability.

As the parent company of Benefit Systems Group, Benefit Systems S.A. has built a robust business model integrating the sale of its flagship MultiSport card with the ownership and management of over 240 proprietary fitness clubs in Poland and partnerships with more than 5,900 facilities. The company also operates internationally in markets such as the Czech Republic, Slovakia, Bulgaria, Croatia, and Turkey, with a growing user base exceeding half a million. The conference will provide insights into how these factors are shaping the company’s financial performance and strategic direction.

Relevance: The article is relevant to Benefit Systems S.A. as it highlights the company’s financial performance and its ability to navigate challenges such as energy costs and interest rate fluctuations, which directly impact its operational and strategic decisions.