CCC Group Statement
After analyzing the Ningi Research report, the CCC Group strongly emphasizes that it is false and, in the Company’s view, aims to profit from short positions.
In this statement, we refer exclusively to the main allegation made by Ningi Research, as we believe the remaining claims are only intended to create a sensational background.
By mid-October 2025, the CCC Group had generated PLN 91 million of gross profit on wholesale sales to MKRI (PLN 80 million in H1’25 [3% of the Group’s gross profit] and PLN 122 million since the beginning of the cooperation) as part of normal business activities, consisting of selling products to two of the partner’s retail chains: kaes – a network the Group intends to acquire once UOKiK’s approval is obtained, and worldbox – a network covered by a franchise agreement. The Group’s average gross margin on this cooperation amounts to 33%, which is in line with the gross margin generated from cooperation with other partners within wholesale operations.
In 2025, MKRI will generate a loss similar to last year’s or slightly higher, resulting from the sales of old inventory from the period before starting cooperation with the Group. All goods currently purchased by MKRI from the Group have a positive impact on MKRI’s EBITDA. We are currently working on restructuring this entity, and its results will improve significantly next year.
On 16 October 2025 at 3:00 p.m., a conference was held with the participation of the CCC Group Management Board, including President Dariusz Miłek, during which the response to the manipulations presented in the Ningi Research report was outlined, and all questions from investors, stock market analysts, financing institutions, and journalists were answered.
