C 
2.49
+3.75%
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 73.8m
FY2016FY2025
Net income
PLN 3.4m
FY2016FY2025
Free cash flow
−PLN 42.1m
FY2016FY2025
Shareholders' equity
PLN 156.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 73.8m | PLN 80.8m | PLN 245.0m | PLN 56.7m | PLN 105.5m | PLN 46.0m | PLN 47.5m | PLN 22.0m | PLN 103.0m | PLN 24.2m |
| Research and development | — | — | — | PLN 5.3m | PLN 18.4m | PLN 18.2m | PLN 17.9m | PLN 10.7m | PLN 24.7m | PLN 15.1m |
| Operating income | PLN 2.0m | −PLN 3.9m | PLN 31.5m | PLN 7.8m | PLN 40.3m | PLN 8.7m | −PLN 1.7m | −PLN 22.4m | PLN 12.7m | −PLN 14.3m |
| Net income | PLN 3.4m | −PLN 6.9m | PLN 13.0m | PLN 8.2m | PLN 38.3m | PLN 7.1m | −PLN 2.9m | −PLN 22.7m | PLN 5.5m | −PLN 16.2m |
| Diluted earnings per share | 0.02 | -0.04 | 0.07 | 0.04 | 0.21 | 0.04 | -0.02 | -0.15 | 0.04 | -0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 281.9m | PLN 234.0m | PLN 275.0m | PLN 179.3m | PLN 152.1m | PLN 110.3m | PLN 97.1m | PLN 92.2m | PLN 107.1m | PLN 117.8m |
| Cash and short-term investments | PLN 2.0m | PLN 6.3m | PLN 30.2m | PLN 7.1m | PLN 37.8m | PLN 28.2m | PLN 6.7m | PLN 12.6m | PLN 13.5m | PLN 25.4m |
| Total liabilities | PLN 121.2m | PLN 78.3m | PLN 114.7m | PLN 37.0m | PLN 17.0m | PLN 13.7m | PLN 36.8m | PLN 25.4m | PLN 17.7m | PLN 34.2m |
| Debt | PLN 52.4m | PLN 16.7m | PLN 60.1m | PLN 22.6m | PLN 4.9m | PLN 6.2m | PLN 25.0m | PLN 16.7m | PLN 149,000 | PLN 23.9m |
| Shareholders' equity | PLN 156.3m | PLN 153.1m | PLN 157.6m | PLN 140.8m | PLN 133.4m | PLN 96.4m | PLN 60.3m | PLN 66.8m | PLN 89.4m | PLN 83.6m |
| Shares outstanding | 191m | 184m | 183m | 195m | 183m | 183m | 162m | 151m | 151m | 150m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 44.2m | PLN 89.5m | PLN 71.1m | PLN 31.7m | PLN 54.0m | PLN 40.6m | −PLN 1.5m | PLN 8.8m | PLN 33.6m | PLN 4.5m |
| Capital spending | −PLN 86.4m | −PLN 68.2m | −PLN 83.0m | −PLN 80.2m | −PLN 44.4m | −PLN 22.5m | −PLN 20.4m | −PLN 25.5m | −PLN 21.7m | −PLN 29.0m |
| Free cash flow | −PLN 42.1m | PLN 21.3m | −PLN 11.9m | −PLN 48.5m | PLN 9.6m | PLN 18.1m | −PLN 21.8m | −PLN 16.7m | PLN 11.9m | −PLN 24.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 24.4m | PLN 13.6m | PLN 21.9m | PLN 10.7m | PLN 24.9m | PLN 16.3m | PLN 11.9m | PLN 10.6m |
| Operating income | PLN 9.6m | PLN 1.4m | PLN 4.1m | −PLN 9.1m | PLN 9.1m | −PLN 932,000 | −PLN 4.3m | −PLN 1.2m |
| Net income | PLN 9.9m | −PLN 1.6m | PLN 3.5m | −PLN 10.0m | PLN 9.0m | PLN 1.0m | −PLN 7.4m | −PLN 2.1m |
| Diluted earnings per share | 0.05 | -0.01 | 0.02 | -0.05 | 0.05 | 0.01 | -0.04 | -0.01 |
| Cash from operations | −PLN 37.0m | PLN 21.0m | PLN 2.0m | PLN 6.0m | PLN 20.0m | PLN 16.0m | PLN 10.0m | PLN 50.0m |
| Capital spending | −PLN 21.0m | −PLN 20.0m | −PLN 21.0m | −PLN 21.0m | −PLN 23.0m | −PLN 20.0m | −PLN 21.0m | −PLN 15.0m |
| Free cash flow | −PLN 58.0m | PLN 1.0m | −PLN 19.0m | −PLN 15.0m | −PLN 3.0m | −PLN 4.0m | −PLN 11.0m | PLN 35.0m |
| Total assets | PLN 322.8m | PLN 366.9m | PLN 281.9m | PLN 268.3m | PLN 259.7m | PLN 242.7m | PLN 234.0m | PLN 227.7m |
| Cash and short-term investments | PLN 21.5m | PLN 15.3m | PLN 2.0m | PLN 7.0m | PLN 8.5m | PLN 7.2m | PLN 6.3m | PLN 17.4m |
| Debt | PLN 61.1m | PLN 56.8m | PLN 52.9m | PLN 39.9m | PLN 26.2m | PLN 21.8m | PLN 17.6m | PLN 15.6m |
| Shareholders' equity | PLN 232.7m | PLN 223.5m | PLN 156.3m | PLN 153.1m | PLN 162.6m | PLN 153.8m | PLN 153.1m | PLN 152.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 9.2% | 9.9% | 11.4% |
| Operating income | -36.9% | -25.8% | — |
| Net income | -25.3% | -13.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.2% | 8.2% | 14.2% | 6.2% |
| Net margin | -2.3% | 3.9% | 10.4% | 2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 146.8 | -34.5 | 29.4 | 59.4 | 7.5 | 33.4 | -47.2 | -5.5 | 28.5 | -24.0 |
| Price to sales | 6.8 | 3.0 | 1.6 | 8.6 | 2.7 | 5.2 | 2.9 | 5.6 | 1.5 | 16.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 10-for-1 split · 23 Feb 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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