C 
12.55
-0.40%
Close of 9 Nov 2026, in PLN
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 303.3m
FY2018FY2025
Net income
PLN 3.3m
FY2018FY2025
Free cash flow
−PLN 177.6m
FY2018FY2025
Shareholders' equity
PLN 1.19bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 303.3m | PLN 132.3m | PLN 140.7m | PLN 82.7m | PLN 76.0m | PLN 59.0m | PLN 35.1m | PLN 19.2m |
| Research and development | — | — | — | — | — | PLN 3 | PLN 5 | PLN 9 |
| Operating income | PLN 99.4m | PLN 93.0m | PLN 142.3m | PLN 79.4m | PLN 242.0m | PLN 246.5m | PLN 210.8m | PLN 202.2m |
| Net income | PLN 3.3m | PLN 10.8m | PLN 90.5m | PLN 27.1m | PLN 189.6m | PLN 145.7m | PLN 159.4m | PLN 151.4m |
| Diluted earnings per share | 0.13 | 0.43 | 3.56 | 1.07 | 7.52 | 5.85 | 9.78 | 9.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 4.02bn | PLN 3.51bn | PLN 3.13bn | PLN 2.61bn | PLN 2.50bn | PLN 1.40bn | PLN 1.53bn | PLN 1.05bn |
| Cash and short-term investments | PLN 154.1m | PLN 65.9m | PLN 121.0m | PLN 120.0m | PLN 179.6m | PLN 25.3m | PLN 75.7m | PLN 69.0m |
| Total liabilities | PLN 2.84bn | PLN 2.33bn | PLN 1.96bn | PLN 1.53bn | PLN 1.44bn | PLN 735.4m | PLN 1.00bn | PLN 668.0m |
| Debt | PLN 2.31bn | PLN 1.91bn | PLN 1.78bn | PLN 1.28bn | PLN 1.14bn | PLN 559.1m | PLN 775.6m | PLN 535.5m |
| Shareholders' equity | PLN 1.19bn | PLN 1.18bn | PLN 1.17bn | PLN 1.08bn | PLN 1.05bn | PLN 669.5m | PLN 529.6m | PLN 378.5m |
| Shares outstanding | 25m | 25m | 25m | 25m | 25m | 25m | 16m | 16m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 176.1m | PLN 65.0m | −PLN 19.5m | −PLN 125.2m | −PLN 121.5m | −PLN 142.5m | −PLN 4.2m | −PLN 29.7m |
| Capital spending | −PLN 1.5m | −PLN 207.3m | −PLN 5.8m | −PLN 6.5m | −PLN 17.7m | −PLN 668,000 | −PLN 653,000 | −PLN 780,000 |
| Free cash flow | −PLN 177.6m | −PLN 142.3m | −PLN 25.3m | −PLN 131.7m | −PLN 139.2m | −PLN 143.2m | −PLN 4.9m | −PLN 30.4m |
| Dividends paid | — | — | — | — | — | −PLN 4.0m | −PLN 10.0m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 72.9m | PLN 114.8m | PLN 79.3m | PLN 84.5m | PLN 103.8m | PLN 80.8m | PLN 35.3m | PLN 35.9m |
| Operating income | PLN 42.7m | PLN 39.6m | PLN 22.7m | PLN 41.2m | PLN 96.7m | PLN 2.2m | PLN 23.2m | PLN 10.9m |
| Net income | −PLN 163,000 | PLN 5.5m | −PLN 10.9m | −PLN 2,000 | PLN 30.0m | PLN 150,000 | −PLN 11.5m | PLN 3.9m |
| Diluted earnings per share | -0.01 | 0.34 | -0.43 | -0.00 | 1.18 | 0.01 | -0.45 | 0.15 |
| Cash from operations | PLN 28.0m | PLN 14.0m | −PLN 42.0m | PLN 3.0m | −PLN 34.0m | −PLN 50.0m | PLN 35.0m | −PLN 3.0m |
| Capital spending | — | −PLN 20.0m | — | −PLN 16.0m | — | −PLN 43.0m | −PLN 42.0m | −PLN 44.0m |
| Free cash flow | — | −PLN 6.0m | — | −PLN 13.0m | — | −PLN 93.0m | −PLN 7.0m | −PLN 47.0m |
| Total assets | PLN 4.19bn | PLN 4.07bn | PLN 4.02bn | PLN 3.90bn | PLN 3.77bn | PLN 3.60bn | PLN 3.51bn | PLN 3.43bn |
| Cash and short-term investments | PLN 42.9m | PLN 128.6m | PLN 154.1m | PLN 124.2m | PLN 13.1m | PLN 79.0m | PLN 65.9m | PLN 82.5m |
| Debt | PLN 447.1m | PLN 2.24bn | PLN 2.26bn | PLN 2.13bn | PLN 2.02bn | PLN 1.98bn | PLN 1.86bn | PLN 1.83bn |
| Shareholders' equity | PLN 1.19bn | PLN 1.19bn | PLN 1.19bn | PLN 1.20bn | PLN 1.20bn | PLN 1.18bn | PLN 1.18bn | PLN 1.19bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 57.2% | 36.9% | — |
| Operating income | 7.8% | -16.6% | — |
| Net income | -50.2% | -53.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 44.2% | 62.9% | 113.7% | — |
| Net margin | 3.3% | 20.0% | 58.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 101.9 | 30.6 | 4.8 | 18.8 | 3.0 |
| Price to sales | 1.9 | 16.8 | 8.0 | 11.4 | 12.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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