A 
44.10
-0.23%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 2.41bn
FY2016FY2025
Net income
PLN 17.5m
FY2016FY2025
Free cash flow
PLN 73.8m
FY2016FY2025
Shareholders' equity
PLN 1.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 2.41bn | PLN 2.57bn | PLN 2.84bn | PLN 3.42bn | PLN 3.43bn | PLN 3.07bn | PLN 3.02bn | PLN 2.93bn | PLN 2.65bn | PLN 2.47bn |
| Gross profit | PLN 639.6m | PLN 694.1m | PLN 755.0m | PLN 744.1m | PLN 827.5m | PLN 829.1m | PLN 852.2m | PLN 803.2m | PLN 772.1m | PLN 782.7m |
| Research and development | PLN 3.5m | PLN 2.8m | PLN 2.3m | PLN 2.0m | PLN 2.8m | PLN 2.1m | PLN 1.7m | PLN 2.2m | PLN 2.4m | — |
| Operating income | PLN 74.8m | PLN 65.0m | PLN 83.3m | PLN 40.8m | PLN 149.9m | PLN 200.5m | PLN 167.2m | PLN 152.0m | PLN 143.5m | PLN 155.0m |
| Net income | PLN 17.5m | PLN 13.2m | −PLN 4.0m | −PLN 8.1m | PLN 111.7m | PLN 150.6m | PLN 109.4m | PLN 114.2m | PLN 151.1m | PLN 108.5m |
| Diluted earnings per share | 2.28 | 1.72 | -0.52 | -1.06 | 14.64 | 19.90 | 14.54 | 14.68 | 19.45 | 13.96 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 1.81bn | PLN 1.92bn | PLN 2.00bn | PLN 2.20bn | PLN 2.59bn | PLN 2.19bn | PLN 1.93bn | PLN 1.83bn | PLN 1.73bn | PLN 1.49bn |
| Cash and short-term investments | PLN 136.0m | PLN 127.8m | PLN 152.2m | PLN 166.4m | PLN 59.9m | PLN 270.4m | PLN 95.7m | PLN 87.0m | PLN 103.6m | PLN 94.5m |
| Total liabilities | PLN 759.6m | PLN 869.4m | PLN 929.7m | PLN 1.09bn | PLN 1.44bn | PLN 1.12bn | PLN 1.01bn | PLN 993.2m | PLN 980.6m | PLN 814.8m |
| Debt | PLN 195.3m | PLN 233.3m | PLN 243.0m | PLN 239.6m | PLN 363.3m | PLN 238.0m | PLN 313.3m | PLN 255.9m | PLN 271.7m | PLN 200.7m |
| Shareholders' equity | PLN 1.04bn | PLN 1.05bn | PLN 1.07bn | PLN 1.11bn | PLN 1.14bn | PLN 1.07bn | PLN 920.2m | PLN 834.1m | PLN 747.2m | PLN 678.5m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 95.5m | PLN 95.7m | PLN 115.6m | PLN 378.9m | −PLN 167.0m | PLN 353.4m | PLN 119.4m | PLN 145.0m | PLN 143.9m | PLN 195.9m |
| Capital spending | −PLN 21.7m | −PLN 39.7m | −PLN 71.6m | −PLN 84.4m | −PLN 86.9m | −PLN 29.0m | −PLN 57.7m | −PLN 92.4m | −PLN 97.7m | −PLN 83.3m |
| Free cash flow | PLN 73.8m | PLN 56.0m | PLN 44.0m | PLN 294.5m | −PLN 253.9m | PLN 324.4m | PLN 61.7m | PLN 52.5m | PLN 46.1m | PLN 112.5m |
| Dividends paid | −PLN 15.3m | −PLN 19.2m | — | −PLN 26.7m | −PLN 45.4m | −PLN 22.6m | −PLN 30.1m | −PLN 23.3m | −PLN 43.0m | −PLN 31.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 555.3m | PLN 556.2m | PLN 625.5m | PLN 636.3m | PLN 582.3m | PLN 566.9m | PLN 678.5m | PLN 649.5m |
| Gross profit | PLN 156.1m | PLN 157.6m | PLN 178.0m | PLN 185.2m | PLN 75.2m | PLN 147.5m | PLN 184.2m | PLN 170.9m |
| Operating income | PLN 10.9m | PLN 12.1m | PLN 28.2m | PLN 25.6m | PLN 16.1m | PLN 3.1m | PLN 40.3m | PLN 10.3m |
| Net income | PLN 2.8m | PLN 4.2m | PLN 8.3m | PLN 10.4m | PLN 5.5m | −PLN 6.7m | PLN 19.1m | −PLN 4.7m |
| Diluted earnings per share | 0.36 | 0.55 | 1.08 | 1.36 | 0.72 | -0.87 | 2.49 | -0.61 |
| Cash from operations | — | −PLN 8.0m | PLN 92.0m | PLN 60.0m | −PLN 18.0m | −PLN 26.0m | PLN 98.0m | PLN 14.0m |
| Capital spending | — | −PLN 7.0m | −PLN 6.0m | −PLN 8.0m | −PLN 10.0m | −PLN 10.0m | −PLN 11.0m | −PLN 5.0m |
| Free cash flow | — | −PLN 15.0m | PLN 86.0m | PLN 52.0m | −PLN 28.0m | −PLN 36.0m | PLN 87.0m | PLN 9.0m |
| Total assets | PLN 1.96bn | PLN 1.94bn | PLN 1.81bn | PLN 1.95bn | PLN 2.01bn | PLN 1.92bn | PLN 1.92bn | PLN 2.04bn |
| Cash and short-term investments | PLN 141.1m | PLN 132.9m | PLN 136.0m | PLN 129.2m | PLN 112.7m | PLN 104.7m | PLN 127.8m | PLN 108.9m |
| Debt | PLN 151.9m | PLN 180.5m | PLN 162.0m | PLN 235.3m | PLN 261.0m | PLN 205.4m | PLN 215.0m | PLN 244.1m |
| Shareholders' equity | PLN 1.06bn | PLN 1.07bn | PLN 1.04bn | PLN 1.02bn | PLN 1.01bn | PLN 1.03bn | PLN 1.05bn | PLN 1.03bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.0% | -4.7% | 1.4% |
| Operating income | 22.4% | -17.9% | -6.5% |
| Net income | — | -35.0% | -15.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 26.8% | 25.2% | 25.3% | 27.1% |
| Operating margin | 2.8% | 2.3% | 3.5% | 4.5% |
| Net margin | 0.6% | 0.2% | 1.6% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 27.4 | 30.2 | -159.2 | -71.8 | 7.7 | 7.4 | 9.4 | 7.8 | 6.5 | 13.3 |
| Price to sales | 0.2 | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 7 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.50 | 4.00 | 2.50 | 3.50 | 6.00 | 3.00 | 4.00 | 3.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.