D 
6.36
-2.45%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 30.1m
FY2017FY2025
Net income
−PLN 10,245
FY2017FY2025
Free cash flow
PLN 2.8m
FY2017FY2025
Shareholders' equity
PLN 25.5m
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 30.1m | PLN 45.1m | PLN 55.4m | PLN 79.3m | PLN 30.1m | PLN 25.5m | PLN 16.5m | PLN 6.8m | PLN 4.1m |
| Research and development | — | PLN 1.3m | — | — | — | — | — | — | — |
| Operating income | PLN 1.6m | −PLN 5.9m | PLN 4.7m | PLN 11.4m | PLN 3.4m | PLN 4.0m | PLN 1.2m | PLN 1.3m | PLN 1.4m |
| Net income | −PLN 10,245 | −PLN 7.0m | PLN 3.0m | PLN 8.2m | PLN 2.5m | PLN 2.7m | PLN 792,288 | PLN 880,000 | PLN 1.1m |
| Diluted earnings per share | -0.00 | -2.01 | 0.86 | 2.69 | 0.82 | 0.89 | 0.26 | 0.32 | 0.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 68.2m | PLN 70.8m | PLN 99.3m | PLN 83.3m | PLN 31.9m | PLN 22.8m | PLN 21.6m | PLN 5.9m | PLN 3.7m |
| Cash and short-term investments | PLN 1.5m | PLN 1.8m | PLN 12.9m | PLN 7.7m | PLN 9.7m | PLN 2.2m | PLN 2.5m | PLN 2.7m | PLN 1.4m |
| Total liabilities | PLN 42.7m | PLN 45.3m | PLN 66.8m | PLN 63.1m | PLN 20.3m | PLN 12.8m | PLN 14.6m | PLN 2.9m | PLN 1.5m |
| Debt | PLN 27.5m | PLN 28.8m | PLN 31.4m | PLN 35.0m | PLN 11.6m | PLN 3.1m | PLN 1.2m | — | — |
| Shareholders' equity | PLN 25.5m | PLN 25.5m | PLN 32.5m | PLN 20.2m | PLN 12.0m | PLN 10.1m | PLN 7.0m | PLN 3.1m | PLN 2.2m |
| Shares outstanding | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 3.9m | −PLN 8.2m | PLN 1.2m | −PLN 20.8m | PLN 775,460 | −PLN 1.8m | −PLN 4.3m | PLN 90,000 | PLN 860,000 |
| Capital spending | −PLN 1.1m | −PLN 959,131 | −PLN 728,221 | −PLN 455,954 | −PLN 38,589 | −PLN 30,306 | −PLN 86,451 | −PLN 130,000 | −PLN 250,000 |
| Free cash flow | PLN 2.8m | −PLN 9.1m | PLN 499,342 | −PLN 21.3m | PLN 736,871 | −PLN 1.8m | −PLN 4.4m | −PLN 40,000 | PLN 610,000 |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 3.9m | PLN 6.1m | PLN 4.2m | PLN 8.2m | PLN 8.5m | PLN 7.1m | PLN 6.3m | PLN 5.9m |
| Operating income | PLN 255,880 | PLN 385,070 | −PLN 838,193 | PLN 482,000 | PLN 197,690 | PLN 578,302 | PLN 357,520 | −PLN 3.8m |
| Net income | −PLN 327,630 | PLN 2.3m | −PLN 729,757 | −PLN 170,304 | PLN 118,160 | PLN 165,228 | −PLN 123,331 | −PLN 3.4m |
| Diluted earnings per share | -0.09 | 0.66 | -0.21 | -0.05 | 0.03 | 0.05 | -0.04 | -0.98 |
| Cash from operations | — | −PLN 1.0m | PLN 2.0m | −PLN 1.0m | — | PLN 3.0m | PLN 1.0m | −PLN 4.0m |
| Total assets | PLN 63.7m | PLN 66.4m | PLN 67.3m | PLN 68.2m | PLN 69.9m | PLN 70.9m | PLN 68.9m | PLN 70.8m |
| Cash and short-term investments | PLN 866,226 | PLN 2.0m | PLN 3.5m | PLN 1.5m | PLN 3.1m | PLN 2.1m | PLN 2.1m | PLN 1.8m |
| Debt | PLN 23.7m | PLN 23.9m | PLN 26.4m | PLN 27.0m | PLN 26.3m | PLN 24.5m | PLN 27.1m | PLN 28.0m |
| Shareholders' equity | PLN 26.8m | PLN 27.1m | PLN 24.8m | PLN 25.5m | PLN 25.7m | PLN 25.6m | PLN 25.4m | PLN 25.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -27.6% | 3.3% | — |
| Operating income | -47.9% | -16.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | -3189.8 | -8.2 | 22.6 | 12.2 | 31.2 | 37.4 | 96.6 |
| Price to sales | 1.1 | 1.3 | 1.2 | 1.3 | 2.6 | 4.0 | 4.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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