VRG stock: CEO targets a Vistula revival. VRG stock sat 6.83 percent below its high

Published on 10/24/2026 at 05:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VRG outlined a 2027 Vistula revival with product investment. For VRG stock this means PLN 435.40 million Q2 revenue.

Vistula strategy and quarterly figures

VRG CEO Mateusz Kolanski outlined a Vistula revival plan on October 22, 2026.
Second-quarter revenue reached PLN 435.40 million in 2026, up 22.14 percent from the prior quarter.
VRG appointed one supervisory board member after one resignation on October 13, 2026.
The company had a PLN 1.3 billion market capitalization on October 23, 2026.

VRG, PLVRG0000064, Illustration mit AI erstellt.

VRG S.A. (ISIN PLVRG0000064) is rebuilding its Vistula clothing brand around quality, product investment and store development, according to Puls Biznesu on October 22, 2026. The plan targets a stronger Vistula position in 2027, while the latest quarterly figures show revenue of PLN 435.40 million and net income of PLN 44.77 million.

VRG stock sat 6.83 percent below its 52-week high of PLN 5.86 on October 23, 2026. The Warsaw-listed apparel and jewelry group had a market capitalization of PLN 1.3 billion, with a 52-week range of PLN 4.33 to PLN 5.86.

What does the 2027 plan mean?

The immediate test is whether the clothing business can convert brand investment into sustained sales. Revenue rose from PLN 356.48 million in the first quarter of 2026 to PLN 435.40 million in the second quarter, a 22.14 percent sequential increase, while net income reached PLN 44.77 million from a PLN 0.15 million loss in the prior quarter, according to Investing.com. The figures give management room to pursue a more selective retail strategy rather than compete directly with fast-fashion chains on scale.

Three dated company developments

On August 20, 2026, VRG's latest quarterly release showed PLN 435.40 million in revenue and PLN 44.77 million in net income, as reported by Investing.com. On October 13, 2026, Marta Zgodzinska resigned from the supervisory board and Anna Kubica was appointed, according to Parkiet. On October 22, 2026, CEO Mateusz Kolanski said Vistula's 2027 priorities include product, image and store investment, as reported by Puls Biznesu.

Stock valuation stays tied to execution

On the Warsaw Stock Exchange, VRG was last at PLN 5.46 on October 23, 2026 at 4:59 p.m. CEST. The stock's 52-week range and PLN 1.3 billion market capitalization frame the strategy as an execution story, with jewelry providing the stronger earnings base while clothing seeks a durable recovery.