F 
15.30
-0.65%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 125.4m
FY2016FY2025
Net income
PLN 12.2m
FY2016FY2025
Free cash flow
PLN 24.6m
FY2016FY2025
Shareholders' equity
PLN 125.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 125.4m | PLN 75.5m | PLN 63.3m | PLN 76.0m | PLN 132.1m | PLN 118.3m | PLN 240.9m | PLN 127.2m | PLN 95.1m | PLN 40.3m |
| Gross profit | PLN 25.9m | PLN 6.8m | PLN 11.1m | PLN 17.6m | PLN 15.6m | PLN 13.0m | PLN 37.8m | PLN 17.8m | PLN 15.8m | PLN 2.8m |
| Research and development | — | PLN 2.4m | PLN 2.5m | PLN 2.6m | PLN 2.6m | PLN 2.5m | PLN 2.5m | PLN 2.4m | PLN 2.3m | — |
| Operating income | PLN 15.6m | −PLN 1.5m | PLN 2.9m | PLN 8.5m | PLN 5.6m | −PLN 5.1m | PLN 21.3m | PLN 8.1m | PLN 6.5m | −PLN 5.1m |
| Net income | PLN 12.2m | −PLN 2.1m | −PLN 707,000 | PLN 4.7m | PLN 4.6m | −PLN 7.4m | PLN 19.8m | PLN 7.5m | PLN 4.5m | −PLN 4.6m |
| Diluted earnings per share | 1.28 | -0.22 | -0.07 | 0.50 | 0.48 | -0.78 | 2.08 | 0.79 | 0.47 | -0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 178.5m | PLN 142.7m | PLN 152.3m | PLN 178.3m | PLN 189.2m | PLN 202.7m | PLN 249.4m | PLN 220.8m | PLN 193.9m | PLN 159.4m |
| Cash and short-term investments | PLN 21.8m | PLN 3.9m | PLN 2.0m | PLN 13.0m | PLN 25.9m | PLN 43.0m | PLN 8.2m | PLN 1.7m | PLN 1.3m | PLN 806,000 |
| Total liabilities | PLN 49.9m | PLN 29.2m | PLN 36.7m | PLN 62.0m | PLN 77.6m | PLN 95.7m | PLN 120.0m | PLN 110.0m | PLN 90.5m | PLN 60.5m |
| Debt | PLN 124,000 | PLN 6.4m | PLN 18.0m | PLN 35.1m | PLN 47.0m | PLN 53.1m | PLN 54.8m | PLN 54.9m | PLN 58.1m | PLN 30.8m |
| Shareholders' equity | PLN 125.7m | PLN 113.5m | PLN 115.6m | PLN 116.3m | PLN 111.6m | PLN 107.0m | PLN 129.4m | PLN 110.8m | PLN 103.3m | PLN 98.9m |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 28.3m | PLN 15.3m | PLN 10.3m | PLN 2.0m | −PLN 8.8m | PLN 33.3m | PLN 19.7m | PLN 9.1m | −PLN 17.6m | −PLN 3.9m |
| Capital spending | −PLN 3.7m | −PLN 286,000 | −PLN 910,000 | −PLN 185,000 | −PLN 531,000 | −PLN 2.3m | −PLN 5.2m | −PLN 3.3m | −PLN 11.2m | −PLN 1.9m |
| Free cash flow | PLN 24.6m | PLN 15.1m | PLN 9.4m | PLN 1.8m | −PLN 9.4m | PLN 31.0m | PLN 14.5m | PLN 5.7m | −PLN 28.8m | −PLN 5.7m |
| Dividends paid | — | — | — | — | — | −PLN 4.8m | −PLN 4.8m | −PLN 4.8m | −PLN 4.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 58.2m | PLN 36.6m | PLN 33.0m | PLN 32.8m | PLN 33.0m | PLN 26.6m | PLN 23.7m | PLN 21.4m |
| Gross profit | PLN 6.8m | PLN 5.1m | PLN 8.7m | PLN 7.7m | PLN 5.1m | PLN 4.6m | −PLN 877,000 | PLN 2.8m |
| Operating income | PLN 3.6m | PLN 3.1m | PLN 5.7m | PLN 5.6m | PLN 2.5m | PLN 1.7m | −PLN 3.0m | PLN 638,000 |
| Net income | PLN 2.5m | PLN 3.3m | PLN 4.9m | PLN 4.5m | PLN 1.6m | PLN 1.3m | −PLN 2.5m | PLN 289,000 |
| Diluted earnings per share | 0.26 | 0.35 | 0.51 | 0.47 | 0.17 | 0.14 | -0.26 | 0.03 |
| Cash from operations | PLN 14.0m | −PLN 11.0m | PLN 22.0m | PLN 8.0m | −PLN 3.0m | — | PLN 8.0m | −PLN 1.0m |
| Capital spending | — | — | −PLN 1.0m | — | — | — | — | — |
| Free cash flow | — | — | PLN 21.0m | — | — | — | — | — |
| Total assets | PLN 194.4m | PLN 188.6m | PLN 178.5m | PLN 163.1m | PLN 180.8m | PLN 157.7m | PLN 142.7m | PLN 149.1m |
| Cash and short-term investments | PLN 24.5m | PLN 11.2m | PLN 21.8m | PLN 11.8m | PLN 13.4m | PLN 3.1m | PLN 3.9m | PLN 864,000 |
| Debt | PLN 26,000 | PLN 233,000 | PLN 25,000 | PLN 10.6m | PLN 19.5m | PLN 5.1m | PLN 6.3m | PLN 11.5m |
| Shareholders' equity | PLN 126.8m | PLN 129.0m | PLN 125.7m | PLN 120.8m | PLN 116.4m | PLN 114.8m | PLN 113.5m | PLN 116.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.2% | 1.2% | 1.4% |
| Operating income | 22.6% | — | 5.1% |
| Net income | 37.2% | — | 3.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.3% | 18.1% | 15.3% | 15.2% |
| Operating margin | 7.0% | 7.5% | 4.4% | 5.5% |
| Net margin | 5.0% | 4.2% | 1.9% | 3.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.3 | -38.1 | -76.9 | 11.1 | 18.1 | -12.9 | 6.1 | 12.6 | 29.4 | -37.0 |
| Price to sales | 0.9 | 1.1 | 0.9 | 0.7 | 0.6 | 0.8 | 0.5 | 0.7 | 1.4 | 4.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Sept 2020.
| FY2020 | FY2015 | |
|---|---|---|
| Paid in the year | 0.50 | 0.21 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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