F 
2.24
—
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 883.7m
FY2016FY2025
Net income
−PLN 53.8m
FY2016FY2025
Free cash flow
−PLN 6.9m
FY2016FY2025
Shareholders' equity
PLN 129.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 883.7m | PLN 907.0m | PLN 992.1m | PLN 1.12bn | PLN 778.4m | PLN 686.4m | PLN 556.3m | PLN 513.3m | PLN 489.5m | PLN 453.6m |
| Gross profit | PLN 164.1m | PLN 173.6m | PLN 189.8m | PLN 238.5m | PLN 155.0m | PLN 143.9m | PLN 104.9m | PLN 99.6m | PLN 95.6m | PLN 97.6m |
| Research and development | — | — | — | PLN 3.3m | PLN 2.2m | PLN 1.4m | — | — | — | — |
| Operating income | −PLN 27.0m | PLN 472,000 | PLN 27.5m | PLN 62.7m | PLN 22.6m | PLN 18.8m | PLN 317,000 | PLN 5.8m | PLN 3.8m | PLN 9.8m |
| Net income | −PLN 53.8m | −PLN 5.5m | PLN 10.7m | PLN 33.5m | PLN 12.3m | PLN 9.3m | −PLN 6.8m | PLN 700,000 | −PLN 2.4m | PLN 3.2m |
| Diluted earnings per share | -1.38 | -0.16 | 0.31 | 0.96 | 0.35 | 0.27 | -0.20 | 0.02 | -0.07 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 634.9m | PLN 686.3m | PLN 645.9m | PLN 578.3m | PLN 470.2m | PLN 370.7m | PLN 351.2m | PLN 337.6m | PLN 314.9m | PLN 336.8m |
| Cash and short-term investments | PLN 9.9m | PLN 7.3m | PLN 31.3m | PLN 16.7m | PLN 8.3m | PLN 12.9m | PLN 19.3m | PLN 22.8m | PLN 3.4m | PLN 2.9m |
| Total liabilities | PLN 490.7m | PLN 526.7m | PLN 469.6m | PLN 429.0m | PLN 353.6m | PLN 265.6m | PLN 253.6m | PLN 233.1m | PLN 207.0m | PLN 226.3m |
| Debt | PLN 227.2m | PLN 237.9m | PLN 240.6m | PLN 201.9m | PLN 162.3m | PLN 127.4m | PLN 110.9m | PLN 98.2m | PLN 88.6m | PLN 89.1m |
| Shareholders' equity | PLN 129.5m | PLN 160.5m | PLN 174.8m | PLN 148.5m | PLN 115.8m | PLN 104.5m | PLN 97.0m | PLN 103.9m | PLN 107.3m | PLN 109.7m |
| Shares outstanding | 39m | 35m | 35m | 35m | 35m | 35m | 35m | 35m | 35m | 35m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 10.5m | PLN 83.1m | PLN 53.3m | PLN 42.2m | PLN 5.1m | PLN 6.3m | PLN 13.0m | PLN 32.8m | PLN 28.0m | PLN 23.3m |
| Capital spending | −PLN 17.3m | −PLN 64.9m | −PLN 44.6m | −PLN 45.8m | −PLN 40.7m | −PLN 13.6m | −PLN 20.0m | −PLN 9.8m | −PLN 9.3m | −PLN 6.6m |
| Free cash flow | −PLN 6.9m | PLN 18.2m | PLN 8.6m | −PLN 3.6m | −PLN 35.6m | −PLN 7.3m | −PLN 6.9m | PLN 22.9m | PLN 18.7m | PLN 16.7m |
| Dividends paid | — | −PLN 2,000 | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 203.9m | PLN 221.4m | PLN 209.9m | PLN 236.1m | PLN 219.9m | PLN 217.8m | PLN 233.9m | PLN 229.4m |
| Gross profit | PLN 37.8m | PLN 45.5m | PLN 42.3m | PLN 40.9m | PLN 38.9m | PLN 42.0m | PLN 47.9m | PLN 42.1m |
| Operating income | −PLN 6.9m | −PLN 4.2m | −PLN 5.0m | −PLN 6.1m | −PLN 9.5m | −PLN 3.7m | −PLN 558,000 | −PLN 987,000 |
| Net income | −PLN 15.8m | −PLN 10.4m | −PLN 18.2m | −PLN 13.3m | −PLN 13.9m | −PLN 8.4m | PLN 3.8m | −PLN 4.6m |
| Diluted earnings per share | -0.34 | -0.23 | -0.47 | -0.34 | -0.36 | -0.22 | 0.11 | -0.13 |
| Cash from operations | −PLN 7.0m | PLN 19.0m | −PLN 8.0m | PLN 14.0m | PLN 25.0m | −PLN 6.0m | PLN 29.0m | PLN 4.0m |
| Capital spending | — | −PLN 1.0m | −PLN 1.0m | −PLN 4.0m | −PLN 2.0m | −PLN 11.0m | −PLN 18.0m | −PLN 7.0m |
| Free cash flow | — | PLN 18.0m | −PLN 9.0m | PLN 10.0m | PLN 23.0m | −PLN 17.0m | PLN 11.0m | −PLN 3.0m |
| Total assets | PLN 566.6m | PLN 592.3m | PLN 634.9m | PLN 681.6m | PLN 621.1m | PLN 654.7m | PLN 686.3m | PLN 684.2m |
| Cash and short-term investments | PLN 13.8m | PLN 7.7m | PLN 9.9m | PLN 18.8m | PLN 1.6m | PLN 3.0m | PLN 10.6m | PLN 5.4m |
| Debt | PLN 167.9m | PLN 191.7m | PLN 203.3m | PLN 229.6m | PLN 177.6m | PLN 224.7m | PLN 151.0m | PLN 212.8m |
| Shareholders' equity | PLN 100.2m | PLN 117.4m | PLN 129.5m | PLN 123.7m | PLN 137.1m | PLN 152.6m | PLN 160.5m | PLN 159.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.5% | 5.2% | 7.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.9% | 19.7% | 19.9% | 19.9% |
| Operating margin | -1.5% | 1.6% | 2.0% | 1.7% |
| Net margin | -3.3% | -0.4% | 0.1% | 0.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -13.1 | 9.7 | 3.8 | 7.0 | 5.4 | -5.3 | 53.1 | -14.8 | 15.2 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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