4.99
+0.20%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 3.20bn
FY2016FY2025
Net income
−PLN 99.7m
FY2016FY2025
Free cash flow
−PLN 182.9m
FY2016FY2025
Shareholders' equity
PLN 1.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 3.20bn | PLN 3.43bn | PLN 3.55bn | PLN 4.89bn | PLN 3.41bn | PLN 2.85bn | PLN 3.12bn | PLN 3.16bn | PLN 2.95bn | PLN 2.97bn |
| Gross profit | PLN 225.2m | PLN 584.4m | PLN 745.7m | PLN 1.41bn | PLN 707.9m | PLN 541.8m | PLN 585.5m | PLN 550.0m | PLN 535.7m | PLN 423.7m |
| Research and development | PLN 8,000 | — | PLN 24,000 | PLN 8.1m | PLN 7.1m | PLN 421,000 | — | — | — | — |
| Operating income | −PLN 212.5m | PLN 188.7m | PLN 357.1m | PLN 848.3m | PLN 244.6m | PLN 158.2m | PLN 191.4m | PLN 114.2m | PLN 109.6m | PLN 125.0m |
| Net income | −PLN 99.7m | PLN 154.5m | PLN 247.1m | PLN 631.0m | PLN 175.9m | PLN 111.1m | PLN 124.7m | PLN 7.7m | PLN 36.7m | PLN 39.9m |
| Diluted earnings per share | -1.44 | 2.23 | 3.57 | 9.11 | 2.18 | 1.60 | 1.80 | 0.11 | 0.53 | 0.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 2.68bn | PLN 2.76bn | PLN 2.72bn | PLN 3.25bn | PLN 2.39bn | PLN 2.14bn | PLN 2.04bn | PLN 2.16bn | PLN 1.90bn | PLN 1.77bn |
| Cash and short-term investments | PLN 152.5m | PLN 291.3m | PLN 552.2m | PLN 765.3m | PLN 265.3m | PLN 267.8m | PLN 284.7m | PLN 251.6m | PLN 248.6m | PLN 141.4m |
| Total liabilities | PLN 979.0m | PLN 988.2m | PLN 921.4m | PLN 1.20bn | PLN 1.15bn | PLN 1.10bn | PLN 1.17bn | PLN 1.29bn | PLN 1.11bn | PLN 1.03bn |
| Debt | PLN 274.4m | PLN 257.1m | PLN 151.9m | PLN 204.7m | PLN 282.8m | PLN 383.1m | PLN 421.9m | PLN 474.7m | PLN 440.4m | PLN 365.2m |
| Shareholders' equity | PLN 1.42bn | PLN 1.46bn | PLN 1.44bn | PLN 1.59bn | PLN 912.1m | PLN 750.0m | PLN 606.9m | PLN 576.6m | PLN 559.7m | PLN 530.0m |
| Shares outstanding | 69m | 69m | 69m | 69m | 81m | 69m | 69m | 69m | 69m | 69m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 117.9m | PLN 188.4m | PLN 471.2m | PLN 607.4m | PLN 238.2m | PLN 211.5m | PLN 342.3m | PLN 148.6m | PLN 261.6m | PLN 185.0m |
| Capital spending | −PLN 300.7m | −PLN 423.6m | −PLN 200.2m | −PLN 154.9m | −PLN 159.9m | −PLN 136.5m | −PLN 137.6m | −PLN 175.3m | −PLN 181.4m | −PLN 177.6m |
| Free cash flow | −PLN 182.9m | −PLN 235.2m | PLN 271.0m | PLN 452.5m | PLN 78.3m | PLN 75.0m | PLN 204.6m | −PLN 26.7m | PLN 80.1m | PLN 7.3m |
| Dividends paid | — | −PLN 69.3m | −PLN 187.1m | −PLN 27.7m | −PLN 20.8m | −PLN 20.8m | −PLN 20.8m | −PLN 13.9m | −PLN 13.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 750.8m | PLN 814.0m | PLN 745.1m | PLN 796.2m | PLN 833.5m | PLN 822.8m | PLN 810.8m | PLN 819.3m |
| Gross profit | PLN 73.9m | PLN 68.1m | −PLN 74.7m | PLN 108.8m | PLN 82.8m | PLN 114.4m | PLN 66.1m | PLN 159.5m |
| Operating income | −PLN 41.3m | −PLN 50.5m | −PLN 169.1m | PLN 4.5m | −PLN 87.0m | −PLN 9.8m | PLN 18.9m | PLN 47.5m |
| Net income | −PLN 34.4m | −PLN 21.4m | −PLN 42.9m | PLN 2.1m | −PLN 45.4m | −PLN 13.4m | PLN 23.3m | PLN 30.8m |
| Diluted earnings per share | -0.50 | -0.31 | -0.62 | 0.03 | -0.66 | -0.19 | 0.34 | 0.44 |
| Cash from operations | PLN 4.0m | −PLN 48.0m | PLN 95.0m | PLN 26.0m | PLN 56.0m | −PLN 57.0m | PLN 109.0m | −PLN 3.0m |
| Capital spending | −PLN 25.0m | −PLN 40.0m | −PLN 77.0m | −PLN 65.0m | −PLN 83.0m | −PLN 74.0m | −PLN 136.0m | −PLN 107.0m |
| Free cash flow | −PLN 21.0m | −PLN 88.0m | PLN 18.0m | −PLN 39.0m | −PLN 27.0m | −PLN 131.0m | −PLN 27.0m | −PLN 110.0m |
| Total assets | PLN 2.65bn | PLN 2.68bn | PLN 2.68bn | PLN 2.79bn | PLN 2.78bn | PLN 2.87bn | PLN 2.76bn | PLN 2.72bn |
| Cash and short-term investments | PLN 135.2m | PLN 116.6m | PLN 152.5m | PLN 159.4m | PLN 234.9m | PLN 231.1m | PLN 291.3m | PLN 261.1m |
| Debt | PLN 337.9m | PLN 300.6m | PLN 256.4m | PLN 259.4m | PLN 343.1m | PLN 314.0m | PLN 236.5m | PLN 180.1m |
| Shareholders' equity | PLN 1.37bn | PLN 1.38bn | PLN 1.42bn | PLN 1.43bn | PLN 1.42bn | PLN 1.47bn | PLN 1.46bn | PLN 1.45bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.2% | 2.3% | 1.0% |
| Net income | — | — | 3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.2% | 19.7% | 19.8% | 18.4% |
| Operating margin | -0.4% | 7.8% | 7.4% | 6.1% |
| Net margin | 0.8% | 6.2% | 5.7% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.7 | 7.0 | 6.3 | 2.1 | 3.8 | 3.5 | 1.9 | 28.0 | 7.6 | 9.6 |
| Price to sales | 0.2 | 0.3 | 0.4 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jun 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2018 | FY2012 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 2.70 | 0.40 | 0.30 | 0.20 | 0.18 | 0.80 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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