4.03
-2.42%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 321.4m
FY2016FY2025
Net income
PLN 3.3m
FY2016FY2025
Free cash flow
PLN 2.4m
FY2016FY2025
Shareholders' equity
PLN 75.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 321.4m | PLN 352.3m | PLN 328.1m | PLN 225.6m | PLN 205.3m | PLN 260.1m | PLN 295.3m | PLN 275.6m | PLN 290.6m | PLN 211.1m |
| Gross profit | PLN 54.5m | PLN 49.0m | PLN 67.0m | PLN 54.0m | PLN 48.2m | PLN 84.1m | PLN 78.1m | PLN 77.6m | PLN 79.2m | PLN 69.4m |
| Research and development | — | — | PLN 3.7m | PLN 3.0m | PLN 2.9m | PLN 3.5m | PLN 3.0m | PLN 2.3m | PLN 1.0m | — |
| Operating income | PLN 1.5m | −PLN 13.1m | PLN 12.1m | PLN 3.0m | PLN 148,000 | PLN 52.9m | PLN 20.1m | PLN 16.3m | PLN 19.7m | PLN 14.6m |
| Net income | PLN 3.3m | −PLN 2.7m | PLN 9.6m | PLN 1.3m | −PLN 2.3m | PLN 37.9m | PLN 12.1m | PLN 10.7m | PLN 12.7m | PLN 10.6m |
| Diluted earnings per share | 0.09 | -0.07 | 0.27 | 0.04 | -0.06 | 1.01 | 0.33 | 0.26 | 0.35 | 0.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 246.2m | PLN 251.2m | PLN 217.8m | PLN 164.0m | PLN 177.9m | PLN 261.6m | PLN 197.4m | PLN 210.0m | PLN 304.5m | PLN 176.2m |
| Cash and short-term investments | PLN 60.3m | PLN 62.1m | PLN 34.3m | PLN 17.2m | PLN 9.7m | PLN 90.7m | PLN 24.2m | PLN 27.0m | PLN 89.8m | PLN 15.9m |
| Total liabilities | PLN 184.4m | PLN 185.9m | PLN 135.4m | PLN 88.9m | PLN 104.6m | PLN 150.2m | PLN 117.0m | PLN 125.8m | PLN 222.6m | PLN 101.4m |
| Debt | PLN 25.5m | PLN 22.5m | PLN 22.1m | PLN 14.2m | PLN 15.6m | PLN 27.6m | PLN 23.4m | PLN 11.8m | PLN 9.6m | PLN 14.9m |
| Shareholders' equity | PLN 75.8m | PLN 72.4m | PLN 80.2m | PLN 70.8m | PLN 69.4m | PLN 107.5m | PLN 77.2m | PLN 73.8m | PLN 71.1m | PLN 65.7m |
| Shares outstanding | 36m | 36m | 36m | 36m | 35m | 38m | 36m | 41m | 36m | 36m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 10.8m | PLN 44.8m | PLN 22.8m | PLN 15.2m | −PLN 25.2m | PLN 25.0m | PLN 17.6m | −PLN 55.8m | PLN 93.2m | −PLN 30.0m |
| Capital spending | −PLN 8.4m | −PLN 6.0m | −PLN 7.8m | −PLN 5.9m | −PLN 7.4m | −PLN 10.5m | −PLN 14.8m | −PLN 10.6m | −PLN 10.4m | −PLN 8.2m |
| Free cash flow | PLN 2.4m | PLN 38.8m | PLN 15.0m | PLN 9.3m | −PLN 32.6m | PLN 14.5m | PLN 2.8m | −PLN 66.4m | PLN 82.9m | −PLN 38.2m |
| Dividends paid | — | −PLN 5.1m | — | — | −PLN 36.3m | −PLN 8.0m | −PLN 8.0m | −PLN 9.6m | −PLN 7.3m | −PLN 6.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 59.9m | PLN 69.4m | PLN 116.2m | PLN 63.9m | PLN 63.6m | PLN 77.7m | PLN 131.5m | PLN 93.8m |
| Gross profit | PLN 17.7m | PLN 17.6m | PLN 16.6m | PLN 14.4m | PLN 17.1m | PLN 17.8m | PLN 3.1m | PLN 18.3m |
| Operating income | PLN 51,000 | PLN 1.7m | −PLN 2.7m | −PLN 641,000 | PLN 2.1m | PLN 2.9m | −PLN 15.9m | PLN 2.0m |
| Net income | PLN 1.0m | PLN 484,000 | PLN 1.9m | −PLN 1.3m | PLN 790,000 | PLN 1.9m | −PLN 3.4m | PLN 1.2m |
| Diluted earnings per share | 0.03 | 0.01 | 0.05 | -0.04 | 0.02 | 0.05 | -0.09 | 0.03 |
| Cash from operations | PLN 2.0m | −PLN 26.0m | PLN 72.0m | −PLN 11.0m | −PLN 7.0m | −PLN 42.0m | PLN 50.0m | PLN 14.0m |
| Capital spending | −PLN 3.0m | −PLN 2.0m | −PLN 2.0m | −PLN 3.0m | — | −PLN 1.0m | — | −PLN 3.0m |
| Free cash flow | −PLN 1.0m | −PLN 28.0m | PLN 70.0m | −PLN 14.0m | — | −PLN 43.0m | — | PLN 11.0m |
| Total assets | PLN 187.8m | PLN 203.4m | PLN 246.2m | PLN 238.6m | PLN 207.2m | PLN 218.7m | PLN 251.2m | PLN 205.6m |
| Cash and short-term investments | PLN 22.1m | PLN 28.7m | PLN 60.3m | PLN 11.5m | PLN 13.1m | PLN 18.9m | PLN 62.1m | PLN 13.6m |
| Debt | PLN 16.6m | PLN 15.5m | PLN 17.0m | PLN 37.2m | PLN 23.8m | PLN 19.1m | PLN 16.5m | PLN 17.4m |
| Shareholders' equity | PLN 66.9m | PLN 76.3m | PLN 75.8m | PLN 73.8m | PLN 75.1m | PLN 74.4m | PLN 72.4m | PLN 75.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.5% | 4.3% | 1.6% |
| Operating income | -20.0% | -50.7% | -20.2% |
| Net income | 36.4% | -38.5% | -10.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.4% | 18.3% | 21.1% | 23.9% |
| Operating margin | -1.7% | 0.3% | 3.3% | 4.7% |
| Net margin | 0.1% | 0.9% | 2.8% | 3.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.3 | -31.4 | 12.8 | 67.2 | -67.6 | 4.1 | 10.7 | 15.3 | 11.7 | 13.0 |
| Price to sales | 0.3 | 0.2 | 0.4 | 0.4 | 0.8 | 0.6 | 0.4 | 0.6 | 0.5 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 May 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 0.22 | 0.22 | 0.22 | 0.20 | 0.18 | 0.15 | 0.15 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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