103.00
-2.83%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 50.7m
FY2016FY2025
Net income
PLN 9.3m
FY2016FY2025
Free cash flow
PLN 14.6m
FY2016FY2025
Shareholders' equity
PLN 79.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 50.7m | PLN 47.0m | PLN 54.7m | PLN 50.4m | PLN 55.1m | PLN 50.1m | PLN 42.7m | PLN 43.7m | PLN 70.6m | PLN 48.4m |
| Research and development | — | PLN 1.7m | — | PLN 783,720 | PLN 467,349 | — | — | — | — | — |
| Operating income | PLN 14.1m | PLN 12.1m | PLN 13.2m | PLN 15.1m | PLN 9.8m | PLN 210,875 | −PLN 4.0m | PLN 285,620 | PLN 30.4m | PLN 23.4m |
| Net income | PLN 9.3m | PLN 13.1m | PLN 8.8m | PLN 12.8m | PLN 9.1m | PLN 637,150 | −PLN 4.7m | PLN 864,066 | PLN 21.9m | PLN 20.3m |
| Diluted earnings per share | 2.12 | 2.92 | 1.97 | 2.67 | 1.93 | 0.15 | -0.82 | 0.20 | 5.01 | 4.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 90.8m | PLN 98.8m | PLN 93.1m | PLN 122.2m | PLN 105.9m | PLN 98.8m | PLN 76.1m | PLN 68.1m | PLN 70.1m | PLN 65.1m |
| Cash and short-term investments | PLN 5.1m | PLN 15.4m | PLN 10.9m | PLN 42.6m | PLN 28.5m | PLN 17.8m | PLN 4.8m | PLN 13.1m | PLN 16.0m | PLN 35.9m |
| Total liabilities | PLN 11.7m | PLN 12.6m | PLN 16.4m | PLN 31.0m | PLN 29.6m | PLN 24.1m | PLN 17.4m | PLN 5.5m | PLN 8.4m | PLN 7.4m |
| Debt | PLN 3.0m | PLN 5.4m | PLN 3.3m | PLN 5.3m | PLN 3.3m | PLN 7.7m | PLN 737,703 | — | PLN 28,606 | PLN 197,959 |
| Shareholders' equity | PLN 79.1m | PLN 86.3m | PLN 76.7m | PLN 91.2m | PLN 75.9m | PLN 64.6m | PLN 58.7m | PLN 62.6m | PLN 61.7m | PLN 57.8m |
| Shares outstanding | 4m | 4m | 4m | 5m | 5m | 4m | 6m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 15.0m | PLN 22.3m | PLN 17.7m | PLN 25.1m | PLN 16.7m | PLN 10.9m | PLN 18.4m | −PLN 2.6m | PLN 288,298 | PLN 10.7m |
| Capital spending | −PLN 417,539 | −PLN 147,641 | −PLN 18.0m | −PLN 2.7m | −PLN 2.8m | −PLN 10.7m | −PLN 33.4m | −PLN 392,699 | −PLN 57,225 | −PLN 94,941 |
| Free cash flow | PLN 14.6m | PLN 22.2m | −PLN 253,174 | PLN 22.4m | PLN 13.9m | PLN 221,009 | −PLN 15.1m | −PLN 3.0m | PLN 231,073 | PLN 10.6m |
| Dividends paid | −PLN 5.6m | −PLN 5.6m | −PLN 4.6m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 18.2m | PLN 12.6m | PLN 15.3m | PLN 12.8m | PLN 11.9m | PLN 10.7m | PLN 12.4m | PLN 11.6m |
| Operating income | PLN 7.7m | PLN 3.0m | PLN 8.1m | PLN 2.2m | PLN 2.2m | PLN 1.1m | PLN 3.4m | PLN 2.7m |
| Net income | PLN 6.5m | PLN 1.7m | PLN 8.1m | PLN 1.3m | −PLN 215,029 | PLN 66,293 | PLN 5.0m | PLN 1.9m |
| Diluted earnings per share | 1.48 | 0.39 | 1.85 | 0.29 | -0.05 | 0.02 | 1.11 | 0.43 |
| Cash from operations | PLN 6.0m | PLN 5.0m | PLN 5.0m | PLN 3.0m | PLN 3.0m | PLN 3.0m | PLN 3.0m | PLN 6.0m |
| Total assets | PLN 92.5m | PLN 90.9m | PLN 90.8m | PLN 94.1m | PLN 93.0m | PLN 96.3m | PLN 98.8m | PLN 96.6m |
| Cash and short-term investments | PLN 9.6m | PLN 9.3m | PLN 5.1m | PLN 10.8m | PLN 9.4m | PLN 17.3m | PLN 15.4m | PLN 11.9m |
| Debt | PLN 1.8m | PLN 2.2m | PLN 2.6m | PLN 2.5m | PLN 2.5m | PLN 2.5m | PLN 2.3m | PLN 2.1m |
| Shareholders' equity | PLN 82.8m | PLN 81.4m | PLN 79.1m | PLN 82.8m | PLN 81.2m | PLN 86.4m | PLN 86.3m | PLN 80.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 0.2% | 4.4% |
| Operating income | -2.4% | 131.7% | — |
| Net income | -10.1% | 70.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.8% | 26.9% | 20.9% | 19.8% |
| Net margin | 22.9% | 21.7% | 17.4% | 15.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 31.3 | 14.4 | 33.9 | 12.9 | 15.4 | 96.9 | -7.5 | 31.9 | 12.0 | 20.5 |
| Price to sales | 5.7 | 4.0 | 5.4 | 3.3 | 2.5 | 1.2 | 0.8 | 0.6 | 3.7 | 8.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 18 Jun 2025.
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Paid in the year | 1.25 | 1.25 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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