E 
3.10
+15.67%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 65.1m
FY2016FY2025
Net income
PLN 4.9m
FY2016FY2025
Free cash flow
PLN 8.9m
FY2016FY2025
Shareholders' equity
PLN 27.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 65.1m | PLN 45.3m | PLN 46.4m | PLN 47.5m | PLN 53.8m | PLN 27.6m | PLN 44.4m | PLN 45.1m | PLN 32.9m | PLN 41.5m |
| Gross profit | PLN 13.3m | PLN 8.1m | PLN 7.4m | PLN 7.2m | PLN 6.7m | PLN 2.2m | PLN 5.9m | PLN 5.8m | PLN 4.3m | PLN 4.8m |
| Research and development | — | — | — | PLN 19,000 | — | — | — | — | — | — |
| Operating income | PLN 6.0m | PLN 2.2m | PLN 3.6m | PLN 2.7m | PLN 3.1m | −PLN 1.8m | PLN 1.2m | PLN 2.0m | PLN 1.4m | PLN 1.4m |
| Net income | PLN 4.9m | PLN 1.4m | PLN 3.3m | PLN 2.2m | PLN 2.4m | −PLN 1.9m | PLN 1.1m | PLN 1.4m | PLN 1.1m | PLN 1.1m |
| Diluted earnings per share | 0.25 | 0.07 | 0.17 | 0.11 | 0.12 | -0.10 | 0.06 | 0.07 | 0.05 | 0.05 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 73.8m | PLN 31.9m | PLN 37.8m | PLN 31.5m | PLN 31.8m | PLN 29.4m | PLN 31.7m | PLN 34.1m | PLN 30.6m | PLN 30.0m |
| Cash and short-term investments | PLN 12.8m | PLN 4.3m | PLN 7.5m | PLN 6.8m | PLN 6.0m | PLN 4.6m | PLN 72,000 | PLN 676,000 | PLN 8.4m | PLN 6.2m |
| Total liabilities | PLN 46.5m | PLN 9.4m | PLN 16.8m | PLN 10.8m | PLN 11.9m | PLN 11.1m | PLN 11.5m | PLN 14.5m | PLN 12.2m | PLN 12.4m |
| Debt | PLN 568,000 | PLN 743,000 | PLN 1.1m | PLN 2.8m | PLN 2.8m | PLN 2.9m | PLN 2.6m | PLN 144,000 | — | — |
| Shareholders' equity | PLN 27.3m | PLN 22.4m | PLN 21.1m | PLN 20.7m | PLN 19.9m | PLN 18.3m | PLN 20.2m | PLN 19.7m | PLN 18.3m | PLN 17.5m |
| Shares outstanding | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m | 20m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 9.7m | −PLN 2.2m | PLN 4.4m | PLN 1.8m | PLN 688,000 | PLN 4.7m | −PLN 981,000 | −PLN 5.1m | PLN 4.2m | PLN 686,000 |
| Capital spending | −PLN 792,000 | −PLN 251,000 | −PLN 758,000 | −PLN 82,000 | −PLN 175,000 | −PLN 280,000 | −PLN 1.3m | −PLN 2.5m | −PLN 2.0m | −PLN 685,000 |
| Free cash flow | PLN 8.9m | −PLN 2.4m | PLN 3.7m | PLN 1.7m | PLN 513,000 | PLN 4.5m | −PLN 2.2m | −PLN 7.6m | PLN 2.2m | PLN 1,000 |
| Dividends paid | — | — | −PLN 3.0m | −PLN 1.4m | −PLN 787,000 | −PLN 787,000 | −PLN 590,000 | −PLN 590,000 | −PLN 590,000 | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 42.2m | PLN 23.4m | PLN 37.3m | PLN 8.1m | PLN 9.6m | PLN 10.1m | PLN 17.7m | PLN 9.6m |
| Gross profit | PLN 3.7m | PLN 1.1m | PLN 7.0m | PLN 1.4m | PLN 1.7m | PLN 3.1m | PLN 3.9m | PLN 2.1m |
| Operating income | PLN 1.4m | −PLN 381,000 | PLN 4.6m | −PLN 261,000 | PLN 25,000 | PLN 1.6m | PLN 2.9m | PLN 743,000 |
| Net income | PLN 1.3m | −PLN 323,000 | PLN 3.7m | −PLN 200,000 | −PLN 147,000 | PLN 1.5m | PLN 2.3m | PLN 625,000 |
| Diluted earnings per share | 0.06 | -0.02 | 0.19 | -0.01 | -0.01 | 0.08 | 0.12 | 0.03 |
| Cash from operations | — | −PLN 9.0m | −PLN 4.0m | PLN 8.0m | PLN 4.0m | PLN 1.0m | PLN 2.0m | −PLN 4.0m |
| Capital spending | — | −PLN 9.0m | — | — | — | — | — | — |
| Free cash flow | — | −PLN 18.0m | — | — | — | — | — | — |
| Total assets | PLN 47.4m | PLN 43.4m | PLN 73.8m | PLN 38.9m | PLN 29.5m | PLN 30.8m | PLN 31.9m | PLN 27.5m |
| Cash and short-term investments | PLN 2.8m | PLN 6.2m | PLN 12.8m | PLN 17.4m | PLN 9.5m | PLN 5.0m | PLN 4.3m | PLN 1.8m |
| Debt | PLN 4.2m | PLN 3.3m | — | — | — | — | PLN 527,000 | — |
| Shareholders' equity | PLN 28.3m | PLN 27.0m | PLN 27.3m | PLN 23.6m | PLN 23.8m | PLN 23.9m | PLN 22.4m | PLN 20.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.1% | 18.8% | 5.5% |
| Operating income | 29.6% | — | 13.9% |
| Net income | 30.9% | — | 16.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 19.4% | 17.6% | 15.7% | 14.6% |
| Operating margin | 7.4% | 7.1% | 5.6% | 4.8% |
| Net margin | 5.7% | 5.8% | 4.3% | 3.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.5 | 28.3 | 11.6 | 17.7 | 17.0 | -14.4 | 25.2 | 16.0 | 21.3 | 18.1 |
| Price to sales | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | 1.0 | 0.6 | 0.5 | 0.7 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Dec 2023.
| FY2023 | FY2022 | FY2021 | FY2019 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.15 | 0.07 | 0.04 | 0.03 | 0.05 | 0.05 | 0.05 |
- 7-for-1 split · 15 Jul 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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