4.78
-1.24%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 30.02bn
FY2016FY2025
Net income
−PLN 336.1m
FY2016FY2025
Free cash flow
PLN 621.8m
FY2016FY2025
Shareholders' equity
PLN 376.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 30.02bn | PLN 32.24bn | PLN 32.45bn | PLN 30.86bn | PLN 26.28bn | PLN 25.41bn | PLN 24.85bn | PLN 22.83bn | PLN 23.27bn | PLN 21.22bn |
| Gross profit | PLN 3.41bn | PLN 4.31bn | PLN 4.41bn | PLN 4.23bn | PLN 3.41bn | PLN 3.37bn | PLN 3.24bn | PLN 2.88bn | PLN 2.44bn | PLN 2.18bn |
| Operating income | −PLN 43.4m | PLN 353.0m | PLN 436.0m | PLN 403.7m | PLN 167.5m | PLN 250.4m | PLN 244.5m | PLN 214.4m | PLN 63.0m | PLN 274.3m |
| Net income | −PLN 336.1m | −PLN 26.9m | PLN 99.2m | PLN 67.1m | −PLN 99.3m | PLN 61.8m | PLN 69.9m | PLN 109.6m | −PLN 33.3m | PLN 179.2m |
| Diluted earnings per share | -2.42 | -0.19 | 0.71 | 0.48 | -0.92 | 0.44 | 0.50 | 0.79 | -0.24 | 1.29 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 8.16bn | PLN 9.16bn | PLN 9.06bn | PLN 8.67bn | PLN 8.49bn | PLN 8.07bn | PLN 7.89bn | PLN 6.01bn | PLN 5.98bn | PLN 5.52bn |
| Cash and short-term investments | PLN 355.3m | PLN 428.8m | PLN 273.8m | PLN 158.9m | PLN 110.0m | PLN 105.3m | PLN 139.7m | PLN 196.6m | PLN 252.9m | PLN 161.9m |
| Total liabilities | PLN 7.67bn | PLN 8.30bn | PLN 8.14bn | PLN 7.87bn | PLN 7.70bn | PLN 7.06bn | PLN 6.92bn | PLN 4.97bn | PLN 4.95bn | PLN 4.37bn |
| Debt | PLN 2.27bn | PLN 3.19bn | PLN 2.70bn | PLN 2.76bn | PLN 2.91bn | PLN 2.70bn | PLN 2.47bn | PLN 542.8m | PLN 328.6m | PLN 435.0m |
| Shareholders' equity | PLN 376.7m | PLN 737.4m | PLN 799.7m | PLN 710.2m | PLN 699.1m | PLN 935.1m | PLN 897.0m | PLN 975.0m | PLN 966.3m | PLN 1.09bn |
| Shares outstanding | 139m | 139m | 140m | 139m | 108m | 139m | 139m | 139m | 139m | 139m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 789.5m | PLN 1.01bn | PLN 1.14bn | PLN 888.5m | PLN 638.2m | PLN 556.7m | PLN 683.1m | PLN 498.8m | PLN 493.6m | PLN 324.0m |
| Capital spending | −PLN 167.7m | −PLN 147.3m | −PLN 185.3m | −PLN 217.4m | −PLN 204.2m | −PLN 188.3m | −PLN 233.4m | −PLN 179.1m | −PLN 205.2m | −PLN 177.5m |
| Free cash flow | PLN 621.8m | PLN 866.9m | PLN 953.4m | PLN 671.2m | PLN 434.0m | PLN 368.4m | PLN 449.8m | PLN 319.6m | PLN 288.4m | PLN 146.5m |
| Dividends paid | −PLN 29.4m | −PLN 100.2m | −PLN 61.7m | −PLN 10.9m | −PLN 76.2m | −PLN 3.3m | −PLN 143.4m | −PLN 105.9m | −PLN 111.3m | −PLN 146.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 7.20bn | PLN 6.66bn | PLN 7.33bn | PLN 7.94bn | PLN 7.89bn | PLN 6.87bn | PLN 7.95bn | PLN 8.49bn |
| Gross profit | PLN 849.3m | PLN 731.3m | PLN 871.5m | PLN 1.03bn | PLN 1.01bn | PLN 939.8m | PLN 973.0m | PLN 1.10bn |
| Operating income | PLN 67.9m | −PLN 11.9m | −PLN 188.4m | PLN 86.4m | PLN 91.5m | −PLN 28.6m | PLN 175.7m | PLN 83.0m |
| Net income | PLN 1.3m | −PLN 86.4m | −PLN 244.0m | PLN 6.9m | −PLN 13.5m | −PLN 85.5m | PLN 64.6m | PLN 3.0m |
| Diluted earnings per share | 0.01 | -0.62 | -1.75 | 0.05 | -0.10 | -0.61 | 0.46 | 0.02 |
| Cash from operations | PLN 312.0m | −PLN 263.0m | PLN 238.0m | PLN 253.0m | PLN 255.0m | −PLN 272.0m | PLN 412.0m | PLN 270.0m |
| Capital spending | −PLN 15.0m | −PLN 15.0m | −PLN 53.0m | −PLN 38.0m | −PLN 53.0m | −PLN 22.0m | −PLN 27.0m | −PLN 47.0m |
| Free cash flow | PLN 297.0m | −PLN 278.0m | PLN 185.0m | PLN 215.0m | PLN 202.0m | −PLN 294.0m | PLN 385.0m | PLN 223.0m |
| Total assets | PLN 7.68bn | PLN 7.81bn | PLN 8.16bn | PLN 8.27bn | PLN 8.49bn | PLN 8.65bn | PLN 9.16bn | PLN 8.83bn |
| Cash and short-term investments | PLN 359.4m | PLN 236.1m | PLN 355.3m | PLN 246.4m | PLN 555.6m | PLN 506.8m | PLN 403.4m | PLN 338.4m |
| Debt | PLN 1.21bn | PLN 1.25bn | PLN 961.8m | PLN 823.5m | PLN 1.21bn | PLN 1.24bn | PLN 1.56bn | PLN 991.5m |
| Shareholders' equity | PLN 288.2m | PLN 290.6m | PLN 376.7m | PLN 611.6m | PLN 609.8m | PLN 631.8m | PLN 737.4m | PLN 667.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.9% | 3.4% | 4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.4% | 13.0% | 13.1% | 12.4% |
| Operating margin | 0.5% | 0.9% | 0.9% | 0.9% |
| Net margin | -0.6% | -0.2% | -0.1% | 0.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.6 | -37.1 | 23.5 | 28.2 | -11.7 | 31.6 | 43.5 | 22.3 | -110.6 | 30.5 |
| Price to sales | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Aug 2024.
| FY2024 | FY2023 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.72 | 0.36 | 0.48 | 1.00 | 0.73 | 0.73 | 1.00 | 0.79 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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