C 
1.16
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 60.5m
FY2016FY2025
Net income
−PLN 108.5m
FY2016FY2025
Free cash flow
−PLN 19.2m
FY2016FY2025
Shareholders' equity
PLN 35.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 60.5m | PLN 104.5m | PLN 313.8m | PLN 190.5m | PLN 202.4m | PLN 193.7m | PLN 196.4m | PLN 130.5m | PLN 126.1m | PLN 167.6m |
| Gross profit | −PLN 42.9m | −PLN 14.4m | PLN 58.6m | PLN 58.3m | PLN 46.9m | PLN 56.3m | PLN 38.7m | PLN 22.3m | PLN 20.5m | PLN 18.5m |
| Research and development | — | — | — | PLN 17,000 | PLN 17,000 | PLN 27,000 | PLN 26,000 | PLN 26,000 | PLN 132,000 | — |
| Operating income | −PLN 72.9m | −PLN 41.3m | PLN 38.7m | PLN 46.6m | PLN 35.7m | PLN 44.8m | PLN 29.4m | PLN 13.4m | PLN 12.1m | PLN 9.9m |
| Net income | −PLN 108.5m | −PLN 46.5m | PLN 24.5m | PLN 9.2m | PLN 25.9m | PLN 27.6m | PLN 11.8m | PLN 7.0m | PLN 7.6m | PLN 6.4m |
| Diluted earnings per share | -2.42 | -1.05 | 0.55 | 0.20 | 0.58 | 0.62 | 0.44 | 0.26 | 0.28 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 404.3m | PLN 490.7m | PLN 537.1m | PLN 508.3m | PLN 528.6m | PLN 524.2m | PLN 378.0m | PLN 377.5m | PLN 337.5m | PLN 333.1m |
| Cash and short-term investments | PLN 509,000 | PLN 377,000 | PLN 50.6m | PLN 11.1m | PLN 15.5m | PLN 47.2m | PLN 23.2m | PLN 44.9m | PLN 34.9m | PLN 38.5m |
| Total liabilities | PLN 355.8m | PLN 300.7m | PLN 281.7m | PLN 281.9m | PLN 280.1m | PLN 302.3m | PLN 208.4m | PLN 219.1m | PLN 158.3m | PLN 161.5m |
| Debt | PLN 170.6m | PLN 142.6m | PLN 102.4m | PLN 131.7m | PLN 109.6m | PLN 102.9m | PLN 86.2m | PLN 72.7m | PLN 83.0m | PLN 79.5m |
| Shareholders' equity | PLN 35.0m | PLN 188.2m | PLN 253.6m | PLN 229.1m | PLN 246.8m | PLN 221.9m | PLN 169.6m | PLN 158.4m | PLN 174.0m | PLN 166.4m |
| Shares outstanding | 45m | 44m | 45m | 45m | 45m | 45m | 27m | 27m | 27m | 27m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 18.5m | −PLN 57.8m | PLN 48.1m | PLN 6.6m | PLN 32.8m | PLN 32.8m | PLN 5.6m | PLN 9.6m | −PLN 1.5m | −PLN 19.9m |
| Capital spending | −PLN 675,000 | −PLN 1.8m | −PLN 10.0m | −PLN 8.5m | −PLN 3.9m | −PLN 2.2m | −PLN 2.9m | −PLN 8.2m | −PLN 5.3m | −PLN 8.0m |
| Free cash flow | −PLN 19.2m | −PLN 59.6m | PLN 38.1m | −PLN 1.9m | PLN 28.9m | PLN 30.6m | PLN 2.8m | PLN 1.4m | −PLN 6.8m | −PLN 27.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 24.0m | PLN 15.0m | PLN 22.3m | PLN 8.3m | PLN 20.9m | PLN 8.9m | −PLN 2.0m | PLN 21.8m |
| Gross profit | PLN 14.4m | −PLN 1.1m | −PLN 49.1m | PLN 1.8m | PLN 6.9m | −PLN 2.5m | −PLN 37.7m | PLN 1.7m |
| Operating income | PLN 13.0m | PLN 3.5m | −PLN 85.9m | PLN 409,000 | PLN 5.3m | −PLN 4.5m | −PLN 56.4m | −PLN 81,000 |
| Net income | −PLN 3.6m | PLN 9.0m | −PLN 89.0m | −PLN 3.3m | −PLN 4.5m | −PLN 11.7m | −PLN 53.6m | −PLN 1.8m |
| Diluted earnings per share | -0.08 | 0.20 | -1.98 | -0.07 | -0.10 | -0.26 | -1.21 | -0.04 |
| Cash from operations | −PLN 13.0m | PLN 55.0m | −PLN 3.0m | PLN 1.0m | −PLN 8.0m | −PLN 2.0m | −PLN 6.0m | −PLN 13.0m |
| Capital spending | — | — | — | — | — | — | −PLN 1.0m | — |
| Free cash flow | — | — | — | — | — | — | −PLN 7.0m | — |
| Total assets | PLN 268.7m | PLN 298.0m | PLN 404.3m | PLN 486.3m | PLN 482.4m | PLN 483.0m | PLN 490.7m | PLN 561.0m |
| Cash and short-term investments | PLN 2.7m | PLN 6.6m | PLN 509,000 | PLN 42,000 | PLN 116,000 | PLN 143,000 | PLN 377,000 | PLN 3.6m |
| Debt | PLN 67.8m | PLN 108.7m | PLN 164.5m | PLN 142.1m | PLN 98.2m | PLN 138.3m | PLN 132.5m | PLN 121.0m |
| Shareholders' equity | PLN 40.4m | PLN 44.0m | PLN 35.0m | PLN 123.9m | PLN 127.2m | PLN 171.6m | PLN 188.2m | PLN 260.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -31.8% | -20.8% | -12.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -34.7% | 8.9% | 15.3% | 15.2% |
| Operating margin | -69.2% | -4.3% | 4.8% | 6.9% |
| Net margin | -94.0% | -18.1% | -6.4% | -1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.5 | -1.2 | 3.9 | 12.2 | 6.7 | 3.7 | 3.7 | 8.1 | 12.6 | 12.2 |
| Price to sales | 0.9 | 0.5 | 0.3 | 0.6 | 0.8 | 0.5 | 0.2 | 0.4 | 0.8 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2012.
| FY2012 | |
|---|---|
| Paid in the year | 0.05 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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