E 
5.35
-0.93%
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 2.01bn
FY2016FY2025
Net income
−PLN 63.6m
FY2016FY2025
Free cash flow
PLN 264.6m
FY2016FY2025
Shareholders' equity
PLN 1.32bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 2.01bn | PLN 1.08bn | PLN 1.57bn | PLN 1.40bn | PLN 1.53bn | PLN 1.21bn | PLN 880.1m | PLN 713.0m | PLN 621.9m | PLN 480.1m |
| Operating income | PLN 185.2m | PLN 299.9m | PLN 180.7m | PLN 275.4m | PLN 309.3m | PLN 338.2m | PLN 450.2m | −PLN 886.3m | PLN 274.8m | PLN 604.7m |
| Net income | −PLN 63.6m | −PLN 14.2m | PLN 67.4m | PLN 127.2m | PLN 188.9m | PLN 122.1m | PLN 299.5m | PLN 305.4m | PLN 312.2m | PLN 387.7m |
| Diluted earnings per share | -0.15 | -0.03 | 0.16 | 0.31 | 0.46 | 0.30 | 0.73 | 0.74 | 0.76 | 0.94 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 6.58bn | PLN 6.77bn | PLN 5.96bn | PLN 6.09bn | PLN 6.43bn | PLN 5.63bn | PLN 4.81bn | PLN 3.98bn | PLN 3.88bn | PLN 3.36bn |
| Cash and short-term investments | PLN 377.5m | PLN 366.2m | PLN 813.8m | PLN 942.0m | PLN 683.9m | PLN 327.1m | PLN 613.9m | PLN 481.7m | PLN 756.6m | PLN 660.9m |
| Total liabilities | PLN 4.92bn | PLN 4.76bn | PLN 3.93bn | PLN 4.28bn | PLN 4.57bn | PLN 3.95bn | PLN 3.25bn | PLN 2.48bn | PLN 2.29bn | PLN 1.84bn |
| Debt | PLN 3.08bn | PLN 3.25bn | PLN 2.88bn | PLN 2.65bn | PLN 3.12bn | PLN 2.94bn | PLN 2.40bn | PLN 1.43bn | PLN 1.56bn | PLN 1.05bn |
| Shareholders' equity | PLN 1.32bn | PLN 1.68bn | PLN 1.69bn | PLN 1.64bn | PLN 1.68bn | PLN 1.68bn | PLN 1.56bn | PLN 1.50bn | PLN 1.59bn | PLN 1.53bn |
| Shares outstanding | 413m | 413m | 413m | 413m | 413m | 413m | 413m | 413m | 413m | 413m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 271.4m | −PLN 163.9m | −PLN 274.8m | PLN 9.2m | PLN 119.2m | −PLN 70.7m | −PLN 82.4m | PLN 142.3m | −PLN 276.1m | PLN 139.7m |
| Capital spending | −PLN 6.8m | −PLN 22.5m | −PLN 8.0m | −PLN 9.0m | −PLN 6.6m | −PLN 9.7m | −PLN 10.8m | −PLN 4.5m | −PLN 5.3m | −PLN 2.2m |
| Free cash flow | PLN 264.6m | −PLN 186.4m | −PLN 282.8m | PLN 164,000 | PLN 112.6m | −PLN 80.4m | −PLN 93.2m | PLN 137.8m | −PLN 281.4m | PLN 137.5m |
| Dividends paid | −PLN 360.6m | −PLN 38.1m | −PLN 192.6m | −PLN 100.0m | −PLN 215.1m | −PLN 215.1m | −PLN 206.3m | −PLN 412.7m | −PLN 272.4m | −PLN 2.46bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 347.5m | PLN 473.2m | PLN 826.4m | PLN 721.4m | PLN 370.3m | PLN 94.6m | PLN 276.6m | PLN 317.8m |
| Operating income | PLN 36.1m | PLN 73.2m | PLN 209.7m | PLN 147.0m | −PLN 55.5m | −PLN 39.7m | PLN 53.0m | PLN 51.0m |
| Net income | PLN 10.4m | PLN 10.3m | PLN 109.1m | PLN 56.4m | −PLN 113.6m | −PLN 85.4m | −PLN 16.2m | −PLN 13.2m |
| Diluted earnings per share | 0.03 | 0.02 | 0.26 | 0.14 | -0.28 | -0.21 | -0.04 | -0.03 |
| Cash from operations | PLN 76.0m | PLN 199.0m | PLN 232.0m | −PLN 71.0m | PLN 289.0m | −PLN 179.0m | PLN 234.0m | PLN 7.0m |
| Capital spending | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | −PLN 2.0m | — | −PLN 48.0m | −PLN 7.0m | −PLN 5.0m |
| Free cash flow | PLN 75.0m | PLN 198.0m | PLN 231.0m | −PLN 73.0m | — | −PLN 227.0m | PLN 227.0m | PLN 2.0m |
| Total assets | PLN 6.43bn | PLN 6.53bn | PLN 6.58bn | PLN 7.11bn | PLN 7.07bn | PLN 7.06bn | PLN 6.77bn | PLN 6.65bn |
| Cash and short-term investments | PLN 515.3m | PLN 522.6m | PLN 377.5m | PLN 443.7m | PLN 435.2m | PLN 326.3m | PLN 366.2m | PLN 516.1m |
| Debt | PLN 2.59bn | PLN 2.75bn | PLN 2.92bn | PLN 3.05bn | PLN 2.67bn | PLN 3.22bn | PLN 3.07bn | PLN 3.26bn |
| Shareholders' equity | PLN 1.17bn | PLN 1.33bn | PLN 1.32bn | PLN 1.54bn | PLN 1.48bn | PLN 1.59bn | PLN 1.68bn | PLN 1.69bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.5% | 29.1% | 23.5% | 20.9% | 12.1% | 19.3% |
| Net margin | -0.6% | 1.4% | 4.3% | 11.1% | 13.4% | 10.1% |
| Return on equity | -0.7% | 0.8% | 4.0% | 8.7% | 11.0% | 7.2% |
| Return on assets | -0.2% | 0.2% | 1.1% | 2.6% | 3.2% | 2.2% |
| Free cash flow yield | 12.6% | -6.4% | -12.1% | 0.8% | 5.7% | -2.8% |
| Revenue growth | 85.8% | -31.1% | 12.0% | -8.4% | 26.4% | 37.8% |
| Earnings growth | -173.9% | -76.8% | -56.9% | -23.8% | 68.3% | -59.2% |
| Current ratio | 1.36x | 1.46x | 0.46x | 1.51x | 1.58x | 1.43x |
| Debt to equity | 1.76x | 1.53x | 1.59x | 1.45x | 1.59x | 1.69x |
| Equity ratio | 25.2% | 29.7% | 28.3% | 29.7% | 29.0% | 29.9% |
| Interest coverage | 0.32x | 1.36x | 1.93x | 1.63x | 1.51x | 4.09x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.8% | 10.7% | 13.1% |
| Operating income | -12.4% | -11.3% | -14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.7% | 15.5% | 18.0% | 24.3% |
| Net margin | -2.5% | 1.9% | 4.9% | 18.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -30.8 | -136.3 | 24.5 | 11.0 | 8.9 | 13.7 | 6.4 | 4.4 | 6.0 | 5.5 |
| Price to sales | 1.0 | 1.8 | 1.1 | 1.0 | 1.1 | 1.4 | 2.2 | 1.9 | 3.0 | 4.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 24 Jun 2026.
| FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.40 | 0.80 | 0.22 | 0.44 | 0.47 | 0.50 | 1.00 | 0.66 |
- 10-for-1 split · 31 Dec 2007
- 4-for-1 split · 2 Aug 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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