E 
24.20
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 3.26bn
FY2016FY2025
Net income
−PLN 35.8m
FY2016FY2025
Free cash flow
−PLN 61.4m
FY2016FY2025
Shareholders' equity
PLN 431.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 3.26bn | PLN 2.98bn | PLN 3.23bn | PLN 3.86bn | PLN 3.10bn | PLN 2.23bn | PLN 2.31bn | PLN 2.33bn | PLN 1.81bn | PLN 1.79bn |
| Gross profit | PLN 263.3m | PLN 219.8m | PLN 209.1m | PLN 222.1m | PLN 293.3m | PLN 193.5m | PLN 146.7m | PLN 89.1m | PLN 131.6m | PLN 129.5m |
| Operating income | PLN 23.8m | PLN 22.6m | PLN 20.1m | PLN 20.9m | PLN 90.8m | PLN 70.6m | PLN 58.4m | −PLN 17.3m | PLN 37.7m | PLN 45.8m |
| Net income | −PLN 35.8m | −PLN 28.9m | PLN 10.0m | PLN 8.3m | PLN 8.8m | PLN 46.7m | PLN 33.6m | −PLN 20.4m | PLN 22.6m | PLN 1.8m |
| Diluted earnings per share | -3.00 | -2.42 | 0.84 | 0.69 | 0.71 | 3.64 | 2.63 | -1.59 | 1.76 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 1.99bn | PLN 2.03bn | PLN 1.97bn | PLN 2.02bn | PLN 1.83bn | PLN 1.20bn | PLN 1.17bn | PLN 1.10bn | PLN 942.7m | PLN 947.3m |
| Cash and short-term investments | PLN 281.5m | PLN 310.8m | PLN 273.1m | PLN 199.3m | PLN 424.8m | PLN 346.3m | PLN 136.7m | PLN 188.1m | PLN 185.9m | PLN 261.1m |
| Total liabilities | PLN 1.41bn | PLN 1.40bn | PLN 1.30bn | PLN 1.35bn | PLN 1.15bn | PLN 889.4m | PLN 898.7m | PLN 857.5m | PLN 656.8m | PLN 686.5m |
| Debt | PLN 387.9m | PLN 313.1m | PLN 239.4m | PLN 312.6m | PLN 213.9m | PLN 127.5m | PLN 232.4m | PLN 128.2m | PLN 117.4m | PLN 114.6m |
| Shareholders' equity | PLN 431.2m | PLN 486.6m | PLN 537.5m | PLN 540.9m | PLN 552.9m | PLN 301.1m | PLN 266.7m | PLN 233.2m | PLN 275.9m | PLN 251.7m |
| Shares outstanding | 12m | 12m | 12m | 12m | 12m | 13m | 13m | 13m | 13m | 13m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 37.4m | PLN 152.2m | PLN 257.1m | −PLN 135.6m | −PLN 173.4m | PLN 304.1m | −PLN 115.9m | PLN 67.4m | −PLN 43.9m | PLN 74.6m |
| Capital spending | −PLN 24.0m | −PLN 94.3m | −PLN 22.7m | −PLN 54.2m | −PLN 88.1m | −PLN 13.4m | −PLN 12.4m | −PLN 14.0m | −PLN 4.2m | −PLN 4.0m |
| Free cash flow | −PLN 61.4m | PLN 58.0m | PLN 234.4m | −PLN 189.8m | −PLN 261.4m | PLN 290.6m | −PLN 128.3m | PLN 53.4m | −PLN 48.1m | PLN 70.6m |
| Dividends paid | −PLN 26.7m | −PLN 26.7m | −PLN 10.5m | −PLN 500,000 | −PLN 3.3m | −PLN 2.0m | −PLN 615,000 | −PLN 15.3m | −PLN 15.4m | −PLN 21.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 715.9m | PLN 586.6m | PLN 814.7m | PLN 910.4m | PLN 800.0m | PLN 733.1m | PLN 875.2m | PLN 771.1m |
| Gross profit | PLN 58.5m | PLN 36.6m | PLN 88.7m | PLN 61.8m | PLN 75.9m | PLN 36.9m | PLN 45.7m | PLN 72.5m |
| Operating income | PLN 16.0m | −PLN 21.9m | PLN 8.3m | PLN 12.0m | PLN 12.5m | −PLN 9.1m | −PLN 19.1m | PLN 21.9m |
| Net income | −PLN 263.4m | −PLN 18.5m | −PLN 15.7m | −PLN 8.5m | PLN 1.6m | −PLN 13.2m | −PLN 28.3m | PLN 5.0m |
| Diluted earnings per share | -22.08 | -1.55 | -1.32 | -0.71 | 0.13 | -1.10 | -2.37 | 0.42 |
| Cash from operations | −PLN 51.0m | −PLN 151.0m | PLN 87.0m | PLN 6.0m | −PLN 20.0m | −PLN 117.0m | PLN 194.0m | −PLN 17.0m |
| Capital spending | −PLN 2.0m | −PLN 2.0m | −PLN 6.0m | −PLN 4.0m | −PLN 5.0m | −PLN 6.0m | −PLN 73.0m | −PLN 5.0m |
| Free cash flow | −PLN 53.0m | −PLN 153.0m | PLN 81.0m | PLN 2.0m | −PLN 25.0m | −PLN 123.0m | PLN 121.0m | −PLN 22.0m |
| Total assets | PLN 1.82bn | PLN 1.92bn | PLN 1.99bn | PLN 2.17bn | PLN 2.20bn | PLN 2.05bn | PLN 2.03bn | PLN 1.96bn |
| Cash and short-term investments | PLN 124.2m | PLN 167.9m | PLN 281.5m | PLN 193.8m | PLN 181.4m | PLN 208.9m | PLN 310.8m | PLN 217.1m |
| Debt | PLN 194.1m | PLN 311.7m | PLN 281.5m | PLN 321.4m | PLN 306.5m | PLN 276.0m | PLN 237.2m | PLN 253.7m |
| Shareholders' equity | PLN 149.0m | PLN 412.8m | PLN 431.2m | PLN 447.2m | PLN 453.6m | PLN 471.8m | PLN 486.6m | PLN 513.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.5% | 7.9% | 6.3% |
| Operating income | 4.4% | -19.6% | -7.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.7% | 6.9% | 7.5% | 7.0% |
| Operating margin | 0.7% | 0.7% | 1.3% | 1.5% |
| Net margin | -1.0% | -0.3% | 0.0% | 0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.4 | -14.1 | 51.0 | 48.7 | 74.2 | 7.6 | 7.3 | -6.0 | 11.5 | 199.9 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 2 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2018 | FY2016 | FY2015 | FY2014 | FY2010 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.68 | 1.68 | 0.84 | 1.10 | 2.37 | 0.50 | 0.70 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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