C 
759.00
-2.69%
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 143.9m
FY2019FY2025
Net income
PLN 13.6m
FY2019FY2025
Free cash flow
PLN 23.7m
FY2019FY2025
Shareholders' equity
PLN 159.0m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | PLN 143.9m | PLN 25.7m | PLN 30.7m | PLN 20.2m | PLN 33.0m | PLN 29.2m | PLN 25.6m |
| Research and development | PLN 9.1m | — | PLN 20.9m | PLN 5.1m | PLN 10.1m | — | — |
| Operating income | PLN 18.8m | −PLN 24.8m | −PLN 16.9m | −PLN 8.7m | PLN 984,618 | PLN 2.2m | PLN 330,208 |
| Net income | PLN 13.6m | −PLN 20.5m | −PLN 14.3m | −PLN 7.0m | PLN 474,945 | PLN 1.8m | PLN 255,363 |
| Diluted earnings per share | 4.75 | -8.60 | -6.03 | -3.55 | 0.30 | 1.27 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | PLN 332.7m | PLN 162.3m | PLN 172.5m | PLN 76.7m | PLN 46.0m | PLN 30.8m | PLN 21.4m |
| Cash and short-term investments | PLN 115.0m | PLN 32.4m | PLN 73.2m | PLN 26.3m | PLN 11.9m | PLN 6.4m | PLN 2.9m |
| Total liabilities | PLN 148.2m | PLN 91.4m | PLN 81.2m | PLN 28.2m | PLN 27.8m | PLN 23.6m | PLN 16.0m |
| Debt | PLN 20.9m | PLN 22.5m | PLN 24.0m | PLN 2.9m | PLN 5.3m | PLN 3.2m | PLN 1.6m |
| Shareholders' equity | PLN 159.0m | PLN 71.0m | PLN 91.4m | PLN 48.5m | PLN 18.2m | PLN 7.2m | PLN 5.4m |
| Shares outstanding | 3m | 2m | 2m | 2m | 2m | 1m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 50.9m | −PLN 18.6m | PLN 15.5m | −PLN 16.8m | −PLN 11.3m | −PLN 4.6m | −PLN 6.5m |
| Capital spending | −PLN 27.3m | −PLN 19.9m | −PLN 22.6m | −PLN 11.7m | −PLN 8.2m | −PLN 3.0m | −PLN 274,180 |
| Free cash flow | PLN 23.7m | −PLN 38.5m | −PLN 7.1m | −PLN 28.5m | −PLN 19.5m | −PLN 7.6m | −PLN 6.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 67.3m | PLN 16.8m | PLN 59.3m | PLN 16.7m | PLN 45.6m | PLN 22.3m | PLN 10.2m | PLN 3.7m |
| Operating income | PLN 8.1m | −PLN 11.6m | PLN 34.0m | −PLN 8.7m | −PLN 709,000 | PLN 1.4m | −PLN 7.7m | −PLN 8.0m |
| Net income | PLN 9.0m | −PLN 6.9m | PLN 16.6m | −PLN 6.6m | PLN 2.1m | PLN 1.4m | −PLN 5.9m | −PLN 7.0m |
| Diluted earnings per share | 3.16 | -2.41 | 5.82 | -2.31 | 0.75 | 0.49 | -2.48 | -2.94 |
| Cash from operations | −PLN 41.0m | −PLN 36.0m | PLN 24.0m | −PLN 29.0m | PLN 42.0m | PLN 13.0m | −PLN 13.0m | −PLN 3.0m |
| Capital spending | −PLN 3.0m | −PLN 6.0m | −PLN 4.0m | −PLN 6.0m | −PLN 3.0m | −PLN 12.0m | −PLN 4.0m | −PLN 4.0m |
| Free cash flow | −PLN 44.0m | −PLN 42.0m | PLN 20.0m | −PLN 35.0m | PLN 39.0m | PLN 1.0m | −PLN 17.0m | −PLN 7.0m |
| Total assets | PLN 315.4m | PLN 307.1m | PLN 332.7m | PLN 317.0m | PLN 300.0m | PLN 250.7m | PLN 162.3m | PLN 158.9m |
| Cash and short-term investments | PLN 29.4m | PLN 74.2m | PLN 115.0m | PLN 108.1m | PLN 142.9m | PLN 106.0m | PLN 32.4m | PLN 51.2m |
| Debt | PLN 4.1m | PLN 3.5m | PLN 3.1m | PLN 2.4m | PLN 2.4m | PLN 2.2m | PLN 2.4m | PLN 2.0m |
| Shareholders' equity | PLN 151.2m | PLN 140.7m | PLN 159.0m | PLN 140.7m | PLN 147.3m | PLN 145.2m | PLN 71.0m | PLN 76.8m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 13.0% | -90.8% | -51.6% | -43.2% | -1.7% | 8.0% |
| Net margin | 9.4% | -79.6% | -46.7% | -34.8% | 1.4% | 6.1% |
| Return on equity | 8.5% | -28.8% | -15.7% | -14.5% | 2.6% | 24.7% |
| Return on assets | 4.1% | -12.6% | -8.3% | -9.2% | 1.0% | 5.8% |
| Free cash flow yield | 3.4% | 0.1% | 2.0% | -0.3% | -0.2% | -0.1% |
| Revenue growth | 459.9% | -16.3% | 52.0% | -38.8% | 13.0% | 14.0% |
| Earnings growth | -166.3% | 42.6% | 104.0% | -1580.4% | -73.3% | 595.3% |
| Current ratio | 1.68x | 1.86x | 3.97x | 3.53x | 1.82x | 1.08x |
| Debt to equity | 0.02x | 0.03x | 0.02x | 0.02x | 0.27x | 0.45x |
| Equity ratio | 47.8% | 43.7% | 53.0% | 63.2% | 39.6% | 23.4% |
| Interest coverage | 9.15x | -15.21x | -9.90x | -13.77x | -0.78x | 23.89x |
| R&D as a share of sales | 6.3% | — | 68.0% | 25.2% | 30.5% | — |
| Buybacks as a share of market value | -20.0% | 0.0% | -20.0% | -25.0% | -13.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 93.5% | 37.1% | — |
| Operating income | — | 53.6% | — |
| Net income | — | 50.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -3.6% | -14.3% | -10.0% | — |
| Net margin | -4.1% | -12.8% | -9.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 80.8 | -20.1 | -31.5 | -32.1 | 360.7 |
| Price to sales | 7.7 | 17.0 | 15.5 | 11.5 | 5.2 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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