C 
190.40
-0.26%
Close of 9 Nov 2026, in PLN
Search any instrument
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 855.2m
FY2018FY2025
Net income
PLN 63.1m
FY2018FY2025
Free cash flow
PLN 220.2m
FY2018FY2025
Shareholders' equity
PLN 501.6m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Revenue | PLN 855.2m | PLN 657.0m | PLN 479.9m | PLN 392.2m | PLN 296.6m | PLN 209.9m | PLN 145.6m |
| Research and development | — | — | — | PLN 712,000 | — | — | — |
| Operating income | PLN 208.0m | PLN 134.3m | PLN 104.6m | PLN 74.3m | PLN 50.5m | PLN 40.1m | PLN 25.2m |
| Net income | PLN 63.1m | PLN 116.8m | PLN 50.8m | PLN 24.0m | PLN 25.4m | PLN 18.4m | PLN 11.4m |
| Diluted earnings per share | 4.37 | 8.24 | 3.58 | 1.70 | 1.80 | 1.21 | 0.75 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Total assets | PLN 1.79bn | PLN 942.7m | PLN 832.9m | PLN 867.5m | PLN 579.7m | PLN 375.4m | PLN 270.3m |
| Cash and short-term investments | PLN 351.0m | PLN 142.9m | PLN 70.3m | PLN 54.1m | PLN 129.7m | PLN 20.9m | PLN 15.9m |
| Total liabilities | PLN 972.3m | PLN 395.8m | PLN 408.2m | PLN 469.4m | PLN 301.6m | PLN 290.9m | PLN 177.0m |
| Debt | PLN 714.9m | PLN 229.7m | PLN 283.8m | PLN 346.2m | PLN 203.7m | PLN 215.5m | PLN 92.5m |
| Shareholders' equity | PLN 501.6m | PLN 323.8m | PLN 223.0m | PLN 218.7m | PLN 182.3m | PLN 67.9m | PLN 78.2m |
| Shares outstanding | 14m | 14m | 14m | 14m | 14m | 15m | 15m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 261.2m | PLN 187.5m | PLN 136.9m | PLN 77.8m | PLN 62.2m | PLN 70.6m | PLN 34.0m |
| Capital spending | −PLN 40.9m | −PLN 26.8m | −PLN 17.7m | −PLN 13.4m | −PLN 11.8m | −PLN 10.0m | −PLN 6.6m |
| Free cash flow | PLN 220.2m | PLN 160.7m | PLN 119.2m | PLN 64.4m | PLN 50.3m | PLN 60.6m | PLN 27.4m |
| Dividends paid | −PLN 28.3m | −PLN 21.3m | −PLN 13.2m | −PLN 10.1m | −PLN 8.0m | −PLN 8.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 269.0m | PLN 245.3m | PLN 236.7m | PLN 215.9m | PLN 212.0m | PLN 190.5m | PLN 173.2m | PLN 185.4m |
| Operating income | PLN 67.0m | PLN 62.2m | PLN 62.1m | PLN 52.1m | PLN 50.9m | PLN 42.9m | PLN 38.5m | PLN 32.3m |
| Net income | −PLN 5.7m | PLN 22.9m | PLN 24.2m | PLN 13.4m | PLN 12.1m | PLN 13.3m | PLN 21.0m | PLN 62.3m |
| Diluted earnings per share | -0.37 | 1.50 | 1.68 | 0.93 | 0.84 | 0.92 | 1.48 | 4.40 |
| Cash from operations | PLN 64.0m | PLN 54.0m | PLN 88.0m | PLN 65.0m | PLN 57.0m | PLN 49.0m | PLN 58.0m | PLN 48.0m |
| Capital spending | −PLN 14.0m | −PLN 12.0m | −PLN 11.0m | −PLN 9.0m | −PLN 10.0m | −PLN 10.0m | −PLN 8.0m | −PLN 6.0m |
| Free cash flow | PLN 50.0m | PLN 42.0m | PLN 77.0m | PLN 56.0m | PLN 47.0m | PLN 39.0m | PLN 50.0m | PLN 42.0m |
| Total assets | PLN 2.50bn | PLN 1.95bn | PLN 1.79bn | PLN 1.75bn | PLN 1.57bn | PLN 1.60bn | PLN 942.7m | PLN 904.2m |
| Cash and short-term investments | PLN 670.5m | PLN 146.5m | PLN 351.0m | PLN 256.9m | PLN 143.9m | PLN 185.5m | PLN 142.9m | PLN 148.3m |
| Debt | PLN 727.2m | PLN 657.0m | PLN 671.5m | PLN 690.8m | PLN 711.7m | PLN 695.0m | PLN 216.3m | PLN 214.9m |
| Shareholders' equity | PLN 792.2m | PLN 541.7m | PLN 501.6m | PLN 490.5m | PLN 283.4m | PLN 318.0m | PLN 323.8m | PLN 281.9m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 24.7% | 30.1% | 26.9% | 18.4% | 16.3% | 18.2% |
| Net margin | 15.0% | 23.4% | 10.6% | 10.3% | 11.1% | 8.8% |
| Return on equity | 15.6% | 28.3% | 22.8% | 10.1% | 11.9% | 27.1% |
| Return on assets | 7.1% | 16.3% | 6.1% | 4.6% | 5.7% | 4.9% |
| Free cash flow yield | 10.9% | 7.9% | 5.7% | 4.1% | 3.0% | 3.0% |
| Revenue growth | 30.2% | 36.9% | 22.4% | 32.2% | 41.3% | 44.2% |
| Earnings growth | -16.9% | 202.5% | 26.4% | 21.8% | 79.4% | 61.0% |
| Current ratio | 1.22x | 1.11x | 0.64x | 0.63x | 1.53x | 0.59x |
| Debt to equity | 0.82x | 0.36x | 1.15x | 0.80x | 0.67x | 0.42x |
| Equity ratio | 45.8% | 57.6% | 26.8% | 45.9% | 48.0% | 18.1% |
| Interest coverage | 4.06x | 9.82x | 4.71x | 3.53x | 6.47x | 5.27x |
| R&D as a share of sales | — | — | — | 0.2% | — | — |
| Buybacks as a share of market value | -1.9% | 0.1% | -0.6% | 0.0% | 0.0% | 0.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 29.7% | 32.4% | — |
| Operating income | 41.0% | 39.0% | — |
| Net income | 38.0% | 28.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 22.6% | 21.9% | 21.2% | — |
| Net margin | 11.9% | 10.7% | 10.3% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 47.1 | 18.3 | 24.4 | 27.6 | 28.3 | 28.8 | 19.9 |
| Price to sales | 3.5 | 3.3 | 2.6 | 1.7 | 2.4 | 2.5 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 30 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 2.50 | 2.00 | 1.50 | 0.93 | 0.71 | 0.57 | 0.58 |
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.