20.00
+3.63%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 854.3m
FY2016FY2025
Net income
PLN 12.9m
FY2016FY2025
Free cash flow
PLN 21.8m
FY2016FY2025
Shareholders' equity
PLN 185.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 854.3m | PLN 735.6m | PLN 618.5m | PLN 494.9m | PLN 441.1m | PLN 399.8m | PLN 417.7m | PLN 371.7m | PLN 323.7m | PLN 273.7m |
| Gross profit | PLN 79.6m | PLN 58.5m | PLN 26.0m | PLN 10.9m | PLN 22.2m | PLN 30.3m | PLN 23.6m | PLN 23.5m | PLN 18.1m | PLN 21.7m |
| Operating income | PLN 20.4m | PLN 27.9m | PLN 19.7m | −PLN 23.7m | PLN 5.8m | PLN 15.9m | PLN 6.7m | PLN 2.0m | −PLN 1.9m | PLN 4.4m |
| Net income | PLN 12.9m | PLN 14.6m | PLN 8.2m | −PLN 23.6m | −PLN 1.4m | −PLN 3.4m | −PLN 2.5m | −PLN 735,000 | −PLN 3.3m | PLN 1.8m |
| Diluted earnings per share | 0.46 | 0.52 | 0.29 | -0.83 | -0.05 | -0.15 | -0.10 | -0.03 | -0.14 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 641.6m | PLN 537.0m | PLN 476.0m | PLN 432.2m | PLN 442.0m | PLN 393.4m | PLN 414.4m | PLN 217.4m | PLN 208.3m | PLN 196.4m |
| Cash and short-term investments | PLN 35.3m | PLN 38.8m | PLN 26.1m | PLN 24.9m | PLN 76.2m | PLN 19.1m | PLN 9.5m | PLN 8.2m | PLN 13.3m | PLN 13.6m |
| Total liabilities | PLN 455.7m | PLN 364.2m | PLN 315.7m | PLN 280.1m | PLN 265.1m | PLN 294.5m | PLN 312.1m | PLN 112.7m | PLN 102.3m | PLN 87.5m |
| Debt | PLN 341.5m | PLN 275.0m | PLN 235.8m | PLN 218.1m | PLN 199.2m | PLN 244.8m | PLN 259.0m | PLN 54.7m | PLN 53.5m | PLN 43.6m |
| Shareholders' equity | PLN 185.8m | PLN 172.7m | PLN 160.3m | PLN 152.0m | PLN 176.9m | PLN 98.9m | PLN 102.3m | PLN 104.7m | PLN 106.0m | PLN 108.9m |
| Shares outstanding | 28m | 28m | 28m | 28m | 29m | 22m | 24m | 23m | 24m | 24m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 99.4m | PLN 103.3m | PLN 81.0m | PLN 40.0m | PLN 67.2m | PLN 74.4m | PLN 74.8m | PLN 14.9m | PLN 24.0m | PLN 17.2m |
| Capital spending | −PLN 77.6m | −PLN 44.9m | −PLN 32.8m | −PLN 45.9m | −PLN 38.6m | −PLN 10.9m | −PLN 29.4m | −PLN 20.0m | −PLN 28.7m | −PLN 25.9m |
| Free cash flow | PLN 21.8m | PLN 58.3m | PLN 48.3m | −PLN 5.9m | PLN 28.5m | PLN 63.4m | PLN 45.4m | −PLN 5.0m | −PLN 4.8m | −PLN 8.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 243.5m | PLN 235.7m | PLN 225.6m | PLN 215.2m | PLN 208.7m | PLN 204.7m | PLN 192.0m | PLN 184.4m |
| Gross profit | PLN 24.9m | PLN 22.3m | PLN 20.7m | PLN 25.8m | PLN 14.9m | PLN 18.2m | PLN 15.5m | PLN 19.5m |
| Operating income | PLN 10.5m | PLN 7.2m | PLN 5.7m | PLN 10.9m | PLN 642,000 | PLN 5.8m | PLN 4.6m | PLN 16.0m |
| Net income | PLN 6.5m | PLN 971,000 | PLN 2.1m | PLN 7.3m | −PLN 2.7m | PLN 6.2m | −PLN 399,000 | PLN 12.6m |
| Diluted earnings per share | 0.23 | 0.03 | 0.07 | 0.26 | -0.09 | 0.22 | -0.01 | 0.45 |
| Cash from operations | PLN 15.0m | PLN 41.0m | PLN 29.0m | PLN 24.0m | PLN 18.0m | PLN 27.0m | PLN 30.0m | PLN 30.0m |
| Capital spending | −PLN 21.0m | −PLN 29.0m | −PLN 27.0m | −PLN 24.0m | −PLN 19.0m | −PLN 6.0m | −PLN 5.0m | −PLN 8.0m |
| Free cash flow | −PLN 6.0m | PLN 12.0m | PLN 2.0m | PLN 0 | −PLN 1.0m | PLN 21.0m | PLN 25.0m | PLN 22.0m |
| Total assets | PLN 659.5m | PLN 653.2m | PLN 641.6m | PLN 591.8m | PLN 564.4m | PLN 544.5m | PLN 537.0m | PLN 530.2m |
| Cash and short-term investments | PLN 35.5m | PLN 45.4m | PLN 35.3m | PLN 34.3m | PLN 38.3m | PLN 48.7m | PLN 38.8m | PLN 27.2m |
| Debt | PLN 62.8m | PLN 82.4m | PLN 126.4m | PLN 67.8m | PLN 53.3m | PLN 51.9m | PLN 53.4m | PLN 54.1m |
| Shareholders' equity | PLN 193.3m | PLN 186.7m | PLN 185.8m | PLN 183.6m | PLN 176.3m | PLN 179.0m | PLN 172.7m | PLN 173.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.0% | 16.4% | 13.8% |
| Operating income | — | 5.1% | 37.0% |
| Net income | — | — | 36.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.7% | 6.5% | 6.4% | 6.5% |
| Operating margin | 3.0% | 1.6% | 1.9% | 1.5% |
| Net margin | 1.7% | 0.5% | 0.2% | 0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 37.7 | 38.6 | 65.3 | -18.9 | -360.5 | -103.8 | -124.1 | -329.3 | -85.5 | 124.7 |
| Price to sales | 0.6 | 0.8 | 0.9 | 0.9 | 1.1 | 0.9 | 0.7 | 0.7 | 0.9 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jun 2015.
| FY2015 | FY2012 | |
|---|---|---|
| Paid in the year | 0.10 | 0.03 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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