C 
2.79
+1.45%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 293.3m
FY2016FY2025
Net income
−PLN 108.1m
FY2016FY2025
Free cash flow
−PLN 38.2m
FY2016FY2025
Shareholders' equity
PLN 33.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 293.3m | PLN 341.6m | PLN 456.5m | PLN 603.4m | PLN 705.3m | PLN 649.9m | PLN 204.2m | PLN 61.7m | PLN 30.2m | PLN 8.3m |
| Operating income | −PLN 16.5m | PLN 19.8m | −PLN 28.1m | −PLN 84.1m | −PLN 361,000 | PLN 75.9m | PLN 15.9m | PLN 3.6m | PLN 2.3m | −PLN 138,000 |
| Net income | −PLN 108.1m | −PLN 34.4m | −PLN 63.0m | −PLN 111.9m | −PLN 22.8m | PLN 63.3m | PLN 11.7m | PLN 2.0m | PLN 1.3m | −PLN 173,600 |
| Diluted earnings per share | -1.57 | -0.50 | -0.92 | -1.63 | -0.33 | 1.01 | 0.17 | 0.03 | 0.02 | -0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 274.3m | PLN 615.4m | PLN 644.6m | PLN 783.0m | PLN 815.2m | PLN 636.7m | PLN 142.1m | PLN 46.6m | PLN 94.1m | PLN 75.9m |
| Cash and short-term investments | PLN 6.8m | PLN 9.4m | PLN 2.3m | PLN 21.3m | PLN 61.4m | PLN 131.6m | PLN 24.3m | PLN 2.8m | PLN 355,790 | PLN 1.4m |
| Total liabilities | PLN 241.4m | PLN 694.0m | PLN 682.7m | PLN 756.6m | PLN 684.4m | PLN 543.0m | PLN 107.5m | PLN 30.3m | PLN 18.9m | PLN 2.1m |
| Debt | PLN 61.8m | PLN 533.5m | PLN 550.1m | PLN 521.2m | PLN 500.9m | PLN 376.4m | PLN 46.1m | PLN 22.4m | PLN 16.6m | PLN 623,000 |
| Shareholders' equity | PLN 33.9m | −PLN 79.1m | −PLN 38.9m | PLN 26.5m | PLN 131.0m | PLN 93.7m | PLN 32.6m | PLN 16.3m | PLN 75.1m | PLN 73.9m |
| Shares outstanding | 69m | 69m | 69m | 69m | 69m | 63m | 69m | 69m | 69m | 69m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 22.5m | PLN 87.3m | PLN 16.9m | −PLN 85.1m | −PLN 8.1m | PLN 108.9m | PLN 2.4m | −PLN 8.7m | −PLN 17.1m | PLN 158,700 |
| Capital spending | −PLN 15.7m | −PLN 133.0m | −PLN 71.1m | −PLN 166.7m | −PLN 132.5m | −PLN 144.1m | −PLN 781,410 | −PLN 34,610 | −PLN 53,830 | −PLN 106,800 |
| Free cash flow | −PLN 38.2m | −PLN 45.7m | −PLN 54.2m | −PLN 251.7m | −PLN 140.5m | −PLN 35.2m | PLN 1.6m | −PLN 8.8m | −PLN 17.2m | PLN 51,900 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 79.4m | PLN 66.1m | PLN 65.8m | PLN 90.2m | PLN 62.3m | PLN 66.5m | PLN 108.9m | PLN 83.3m |
| Operating income | −PLN 13.9m | PLN 3.3m | −PLN 15.0m | PLN 4.7m | −PLN 18.3m | −PLN 7.5m | PLN 9.4m | PLN 6.4m |
| Net income | PLN 290.0m | −PLN 943,000 | PLN 3.9m | PLN 3.5m | PLN 122.2m | −PLN 17.2m | −PLN 12.5m | −PLN 3.7m |
| Diluted earnings per share | 4.22 | -0.01 | 0.06 | 0.05 | 1.78 | -0.25 | -0.18 | -0.05 |
| Cash from operations | — | −PLN 21.0m | −PLN 31.0m | PLN 2.0m | PLN 9.0m | −PLN 1.0m | PLN 58.0m | PLN 20.0m |
| Capital spending | −PLN 3.0m | −PLN 2.0m | −PLN 2.0m | −PLN 2.0m | −PLN 6.0m | −PLN 4.0m | −PLN 81.0m | −PLN 42.0m |
| Free cash flow | — | −PLN 23.0m | −PLN 33.0m | PLN 0 | PLN 3.0m | −PLN 5.0m | −PLN 23.0m | −PLN 22.0m |
| Total assets | PLN 267.8m | PLN 274.1m | PLN 274.3m | PLN 272.8m | PLN 243.6m | PLN 684.7m | PLN 615.4m | PLN 658.1m |
| Cash and short-term investments | PLN 3.6m | PLN 5.9m | PLN 6.8m | PLN 1.9m | PLN 3.2m | PLN 2.4m | PLN 9.4m | PLN 2.4m |
| Debt | PLN 29.3m | PLN 84.1m | PLN 58.8m | PLN 11.3m | PLN 16.6m | PLN 516.6m | PLN 505.0m | PLN 545.1m |
| Shareholders' equity | PLN 22.9m | PLN 33.2m | PLN 33.9m | PLN 30.8m | PLN 26.0m | −PLN 96.2m | −PLN 79.1m | −PLN 63.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.4% | -14.7% | — |
| Operating income | -41.9% | — | 48.6% |
| Net income | -1.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 0.5% | -6.4% | -1.1% | — |
| Net margin | -22.5% | -18.7% | -9.1% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -14.0 | -6.2 | -5.0 | -54.7 | 55.3 | 83.6 | 53.5 | 115.5 | -693.2 |
| Price to sales | 1.2 | 1.4 | 0.8 | 0.9 | 1.8 | 5.4 | 4.8 | 1.7 | 5.0 | 14.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years.
- 7-to-1 reverse split · 23 Nov 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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