E 
30.00
-1.96%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 323.6m
FY2016FY2025
Net income
PLN 7.8m
FY2016FY2025
Free cash flow
−PLN 7.3m
FY2016FY2025
Shareholders' equity
PLN 69.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 323.6m | PLN 298.3m | PLN 275.5m | PLN 241.8m | PLN 205.9m | PLN 173.7m | PLN 179.8m | PLN 155.0m | PLN 156.5m | PLN 141.1m |
| Gross profit | PLN 216.9m | PLN 201.2m | PLN 178.1m | PLN 136.3m | PLN 133.7m | PLN 107.4m | PLN 110.9m | PLN 98.8m | PLN 92.6m | PLN 83.2m |
| Operating income | PLN 16.1m | PLN 18.5m | PLN 16.1m | PLN 15.6m | PLN 22.7m | PLN 7.8m | PLN 8.8m | PLN 8.9m | PLN 3.8m | −PLN 3.3m |
| Net income | PLN 7.8m | PLN 11.0m | PLN 7.4m | PLN 8.1m | PLN 17.6m | PLN 5.5m | PLN 5.9m | PLN 7.2m | PLN 7.6m | −PLN 4.0m |
| Diluted earnings per share | 3.48 | 4.93 | 3.30 | 4.08 | 7.86 | 2.46 | 2.64 | 3.23 | 3.40 | -1.81 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 210.3m | PLN 192.6m | PLN 144.0m | PLN 166.1m | PLN 153.5m | PLN 143.5m | PLN 143.7m | PLN 101.9m | PLN 80.7m | PLN 111.4m |
| Cash and short-term investments | PLN 6.1m | PLN 3.5m | PLN 9.0m | PLN 6.4m | PLN 8.8m | PLN 9.3m | PLN 4.6m | PLN 3.6m | PLN 5.2m | PLN 6.1m |
| Total liabilities | PLN 140.7m | PLN 125.3m | PLN 82.6m | PLN 107.7m | PLN 93.6m | PLN 89.5m | PLN 92.6m | PLN 56.9m | PLN 37.3m | PLN 62.8m |
| Debt | PLN 76.2m | PLN 48.0m | PLN 35.7m | PLN 58.3m | PLN 44.6m | PLN 53.7m | PLN 54.2m | PLN 15.2m | PLN 7.8m | PLN 21.4m |
| Shareholders' equity | PLN 69.6m | PLN 67.3m | PLN 61.5m | PLN 58.4m | PLN 63.8m | PLN 56.6m | PLN 51.8m | PLN 46.9m | PLN 43.9m | PLN 46.8m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 18.2m | PLN 19.9m | PLN 48.0m | PLN 4.9m | PLN 23.9m | PLN 29.1m | PLN 13.7m | PLN 1.4m | PLN 11.3m | PLN 655,000 |
| Capital spending | −PLN 25.5m | −PLN 17.8m | −PLN 9.9m | −PLN 3.8m | −PLN 2.9m | −PLN 2.4m | −PLN 5.0m | −PLN 5.9m | −PLN 1.5m | −PLN 1.1m |
| Free cash flow | −PLN 7.3m | PLN 2.1m | PLN 38.1m | PLN 1.2m | PLN 21.1m | PLN 26.7m | PLN 8.6m | −PLN 4.5m | PLN 9.8m | −PLN 410,000 |
| Dividends paid | −PLN 5.9m | −PLN 5.9m | −PLN 2.4m | −PLN 3.9m | −PLN 3.9m | −PLN 3.9m | −PLN 1.1m | −PLN 2.2m | −PLN 2.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 83.5m | PLN 74.2m | PLN 88.7m | PLN 92.4m | PLN 75.5m | PLN 67.0m | PLN 81.5m | PLN 81.2m |
| Gross profit | PLN 108.9m | PLN 48.9m | PLN 59.2m | PLN 58.9m | PLN 54.6m | PLN 44.2m | PLN 54.7m | PLN 52.2m |
| Operating income | PLN 6.4m | −PLN 727,000 | PLN 5.1m | PLN 4.3m | PLN 5.1m | PLN 440,000 | PLN 7.2m | PLN 3.0m |
| Net income | PLN 4.6m | −PLN 2.2m | PLN 2.2m | PLN 2.4m | PLN 3.3m | −PLN 74,000 | PLN 3.5m | PLN 1.4m |
| Diluted earnings per share | 2.35 | -1.10 | 0.97 | 1.09 | 1.46 | -0.03 | 1.57 | 0.61 |
| Cash from operations | PLN 13.0m | −PLN 9.0m | PLN 22.0m | PLN 5.0m | PLN 7.0m | −PLN 19.0m | PLN 20.0m | −PLN 6.0m |
| Capital spending | — | — | −PLN 2.0m | −PLN 1.0m | −PLN 1.0m | −PLN 19.0m | −PLN 8.0m | −PLN 7.0m |
| Free cash flow | — | — | PLN 20.0m | PLN 4.0m | PLN 6.0m | −PLN 38.0m | PLN 12.0m | −PLN 13.0m |
| Total assets | — | PLN 202.5m | PLN 210.3m | PLN 207.8m | PLN 217.3m | PLN 211.8m | PLN 192.6m | PLN 165.0m |
| Cash and short-term investments | — | PLN 2.4m | PLN 6.1m | PLN 2.1m | PLN 3.2m | PLN 2.4m | PLN 3.5m | PLN 1.5m |
| Debt | — | PLN 33.9m | PLN 34.8m | PLN 30.0m | PLN 58.0m | PLN 60.4m | PLN 19.2m | PLN 23.5m |
| Shareholders' equity | — | PLN 67.4m | PLN 69.6m | PLN 67.3m | PLN 65.0m | PLN 67.7m | PLN 67.3m | PLN 63.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.2% | 13.2% | 10.4% |
| Operating income | 1.0% | 15.6% | — |
| Net income | -1.3% | 7.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 67.2% | 64.3% | 64.1% | 63.0% |
| Operating margin | 5.6% | 5.8% | 6.4% | 5.0% |
| Net margin | 3.0% | 3.0% | 3.8% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.4 | 8.5 | 10.1 | 6.4 | 7.6 | 7.3 | 4.5 | 5.4 | 7.5 | -5.3 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.2 | 0.7 | 0.2 | 0.1 | 0.3 | 0.4 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 26 Sept 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|
| Paid in the year | 3.00 | 3.00 | 1.20 | 2.00 | 0.50 | 1.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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