C 
11.00
-5.17%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 270.3m
FY2016FY2025
Net income
PLN 5.8m
FY2016FY2025
Free cash flow
−PLN 215,000
FY2016FY2025
Shareholders' equity
PLN 100.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 270.3m | PLN 273.4m | PLN 275.2m | PLN 283.7m | PLN 424.1m | PLN 405.7m | PLN 514.1m | PLN 251.3m | PLN 230.3m | PLN 203.7m |
| Operating income | PLN 4.4m | −PLN 2.5m | PLN 8.8m | PLN 24.1m | PLN 44.3m | −PLN 37.5m | PLN 24.3m | PLN 31.1m | PLN 25.4m | PLN 18.7m |
| Net income | PLN 5.8m | PLN 11.9m | −PLN 3.4m | PLN 12.1m | PLN 31.7m | −PLN 36.8m | PLN 12.7m | PLN 23.4m | PLN 13.4m | PLN 14.0m |
| Diluted earnings per share | 0.96 | 1.99 | -0.56 | 2.00 | 5.28 | -6.14 | 2.09 | 3.87 | 2.16 | 2.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 189.5m | PLN 188.4m | PLN 212.5m | PLN 314.8m | PLN 268.7m | PLN 259.7m | PLN 357.4m | PLN 187.6m | PLN 155.7m | PLN 133.7m |
| Cash and short-term investments | PLN 3.1m | PLN 17.5m | PLN 3.5m | PLN 5.3m | PLN 19.1m | PLN 14.2m | PLN 9.3m | PLN 8.2m | PLN 19.4m | PLN 9.3m |
| Total liabilities | PLN 88.8m | PLN 93.5m | PLN 129.4m | PLN 228.0m | PLN 189.5m | PLN 199.5m | PLN 249.0m | PLN 92.7m | PLN 76.7m | PLN 60.7m |
| Debt | PLN 28.6m | PLN 39.7m | PLN 79.6m | PLN 126.9m | PLN 91.4m | PLN 120.9m | PLN 155.8m | PLN 50.9m | PLN 37.5m | PLN 31.8m |
| Shareholders' equity | PLN 100.7m | PLN 94.9m | PLN 83.1m | PLN 86.9m | PLN 79.1m | PLN 60.9m | PLN 102.5m | PLN 94.9m | PLN 79.1m | PLN 73.0m |
| Shares outstanding | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 6.0m | PLN 65.2m | PLN 14.8m | −PLN 41.1m | PLN 61.0m | PLN 71.0m | PLN 33.6m | PLN 28.8m | PLN 16.9m | PLN 24.4m |
| Capital spending | −PLN 6.2m | −PLN 2.9m | −PLN 2.9m | −PLN 5.0m | −PLN 2.9m | −PLN 5.8m | −PLN 10.0m | −PLN 13.8m | −PLN 4.0m | −PLN 10.3m |
| Free cash flow | −PLN 215,000 | PLN 62.3m | PLN 11.9m | −PLN 46.2m | PLN 58.1m | PLN 65.3m | PLN 23.7m | PLN 15.0m | PLN 12.9m | PLN 14.1m |
| Dividends paid | — | — | — | −PLN 4.5m | −PLN 12.0m | −PLN 6.6m | −PLN 5.2m | −PLN 6.1m | −PLN 7.3m | −PLN 5.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 69.2m | PLN 59.0m | PLN 77.3m | PLN 72.2m | PLN 65.7m | PLN 55.1m | PLN 74.0m | PLN 71.1m |
| Operating income | PLN 6.8m | −PLN 481,000 | PLN 5.6m | PLN 2.8m | PLN 935,000 | −PLN 4.7m | PLN 90,000 | PLN 1.8m |
| Net income | PLN 4.5m | −PLN 2.8m | PLN 5.6m | PLN 2.1m | PLN 2.6m | −PLN 4.6m | PLN 2.8m | PLN 763,000 |
| Diluted earnings per share | 0.75 | -0.47 | 0.93 | 0.34 | 0.44 | -0.76 | 0.46 | 0.13 |
| Cash from operations | PLN 11.0m | −PLN 6.0m | PLN 11.0m | — | −PLN 1.0m | −PLN 2.0m | PLN 16.0m | PLN 14.0m |
| Capital spending | — | — | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | — | — |
| Free cash flow | — | — | PLN 10.0m | — | −PLN 2.0m | −PLN 3.0m | — | — |
| Total assets | PLN 188.5m | PLN 184.9m | PLN 189.5m | PLN 194.3m | PLN 188.2m | PLN 182.1m | PLN 188.4m | PLN 176.1m |
| Cash and short-term investments | PLN 3.9m | PLN 6.9m | PLN 3.1m | PLN 4.7m | PLN 10.1m | PLN 9.2m | PLN 17.5m | PLN 3.2m |
| Debt | PLN 24.5m | PLN 37.8m | PLN 24.7m | PLN 36.6m | PLN 32.4m | PLN 29.4m | PLN 38.0m | PLN 30.1m |
| Shareholders' equity | PLN 102.5m | PLN 97.9m | PLN 100.7m | PLN 95.1m | PLN 93.0m | PLN 90.3m | PLN 94.9m | PLN 92.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.6% | -7.8% | 4.2% |
| Operating income | -43.3% | — | -13.1% |
| Net income | -21.8% | — | -8.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.4% | 3.2% | 2.2% | 4.8% |
| Net margin | 3.3% | 2.4% | 1.1% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.0 | 5.7 | -19.9 | 8.8 | 5.4 | -2.7 | 11.2 | 6.0 | 11.4 | 11.0 |
| Price to sales | 0.2 | 0.3 | 0.2 | 0.4 | 0.4 | 0.2 | 0.3 | 0.6 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.75 | 2.00 | 1.05 | 0.80 | 1.00 | 1.20 | 0.85 | 0.75 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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