E 
1.62
+21.80%
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 45.5m
FY2016FY2025
Net income
PLN 608,000
FY2016FY2025
Free cash flow
−PLN 3.8m
FY2016FY2025
Shareholders' equity
PLN 43.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 45.5m | PLN 62.4m | PLN 110.0m | PLN 75.2m | PLN 107.7m | PLN 94.1m | PLN 83.1m | PLN 124.5m | PLN 699.2m | PLN 714.7m |
| Operating income | −PLN 8.6m | −PLN 6.2m | PLN 840,000 | −PLN 26.7m | PLN 12.4m | PLN 2.6m | PLN 3.0m | PLN 264,000 | −PLN 29.6m | −PLN 4.8m |
| Net income | PLN 608,000 | −PLN 7.3m | −PLN 2.3m | −PLN 29.0m | −PLN 13.9m | −PLN 684,000 | PLN 1.4m | −PLN 4.3m | −PLN 57.5m | −PLN 18.9m |
| Diluted earnings per share | 0.03 | -0.40 | -0.13 | -1.61 | -0.77 | -0.04 | 0.08 | -0.24 | -3.20 | -1.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 87.7m | PLN 115.0m | PLN 142.6m | PLN 125.1m | PLN 149.2m | PLN 95.3m | PLN 97.8m | PLN 104.2m | PLN 198.9m | PLN 419.6m |
| Cash and short-term investments | PLN 5.4m | PLN 9.2m | PLN 4.2m | PLN 7.7m | PLN 5.9m | PLN 10.8m | PLN 4.8m | PLN 6.0m | PLN 19.1m | PLN 17.7m |
| Total liabilities | PLN 43.9m | PLN 73.1m | PLN 95.5m | PLN 82.1m | PLN 79.2m | PLN 47.2m | PLN 45.8m | PLN 53.5m | PLN 126.6m | PLN 290.1m |
| Debt | PLN 19.3m | PLN 26.0m | PLN 36.5m | PLN 29.3m | PLN 24.9m | PLN 11.5m | PLN 8.5m | PLN 6.6m | PLN 21.1m | PLN 125.6m |
| Shareholders' equity | PLN 43.8m | PLN 41.9m | PLN 47.1m | PLN 43.0m | PLN 67.4m | PLN 45.4m | PLN 50.5m | PLN 49.4m | PLN 54.8m | PLN 112.4m |
| Shares outstanding | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 3.4m | PLN 19.6m | −PLN 7.6m | PLN 717,000 | −PLN 13.2m | PLN 4.7m | −PLN 3.6m | −PLN 2.1m | PLN 75.7m | −PLN 16.7m |
| Capital spending | −PLN 364,000 | −PLN 1.3m | −PLN 399,000 | −PLN 362,000 | −PLN 854,000 | −PLN 753,000 | −PLN 232,000 | −PLN 539,000 | −PLN 1.2m | −PLN 2.0m |
| Free cash flow | −PLN 3.8m | PLN 18.2m | −PLN 8.0m | PLN 355,000 | −PLN 14.1m | PLN 3.9m | −PLN 3.9m | −PLN 2.6m | PLN 74.5m | −PLN 18.7m |
| Dividends paid | — | — | — | — | — | −PLN 298,000 | — | — | −PLN 6.4m | −PLN 9.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 10.9m | PLN 10.5m | PLN 12.8m | PLN 12.0m | PLN 12.6m | PLN 8.2m | PLN 13.3m | PLN 15.4m |
| Operating income | −PLN 1.9m | −PLN 204,000 | −PLN 1.4m | PLN 411,000 | PLN 6.9m | −PLN 2.5m | −PLN 1.4m | −PLN 2.7m |
| Net income | −PLN 1.5m | −PLN 622,000 | −PLN 2.9m | PLN 37,000 | PLN 5.9m | −PLN 2.5m | −PLN 2.0m | −PLN 2.7m |
| Diluted earnings per share | -0.08 | -0.03 | -0.16 | 0.00 | 0.33 | -0.14 | -0.11 | -0.15 |
| Cash from operations | — | −PLN 1.0m | — | PLN 1.0m | −PLN 3.0m | −PLN 1.0m | PLN 1.0m | PLN 14.0m |
| Capital spending | — | — | — | — | — | — | — | −PLN 1.0m |
| Free cash flow | — | — | — | — | — | — | — | PLN 13.0m |
| Total assets | PLN 85.9m | PLN 87.7m | PLN 87.7m | PLN 91.8m | PLN 84.2m | PLN 116.1m | PLN 115.0m | PLN 115.2m |
| Cash and short-term investments | PLN 2.6m | PLN 4.0m | PLN 5.4m | PLN 5.3m | PLN 2.2m | PLN 7.4m | PLN 9.2m | PLN 9.3m |
| Debt | PLN 17.8m | PLN 18.0m | PLN 2.1m | PLN 17.6m | PLN 15.3m | PLN 16.9m | PLN 23.7m | PLN 24.4m |
| Shareholders' equity | PLN 41.7m | PLN 43.2m | PLN 43.8m | PLN 45.3m | PLN 45.3m | PLN 39.4m | PLN 41.9m | PLN 41.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.4% | -13.5% | -25.3% |
| Operating income | -31.3% | — | — |
| Net income | — | — | -25.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -13.7% | -13.9% | -5.2% | -1.0% |
| Net margin | -6.2% | -13.0% | -10.6% | -4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 71.0 | -2.6 | -29.0 | -0.4 | -1.6 | -19.1 | 10.0 | -3.2 | -0.3 | -4.8 |
| Price to sales | 0.9 | 0.3 | 0.6 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.0 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Aug 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.65 | 0.60 | 0.30 | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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