19.10
0.00%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 3.83bn
FY2016FY2025
Net income
−PLN 36.5m
FY2016FY2025
Free cash flow
−PLN 56.6m
FY2016FY2025
Shareholders' equity
PLN 544.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 3.83bn | PLN 3.73bn | PLN 3.42bn | PLN 2.64bn | PLN 2.02bn | PLN 1.96bn | PLN 2.39bn | PLN 2.15bn | PLN 1.77bn | PLN 1.45bn |
| Gross profit | PLN 314.5m | PLN 366.9m | PLN 374.7m | PLN 271.9m | PLN 158.0m | PLN 177.5m | PLN 263.6m | PLN 217.0m | PLN 198.6m | PLN 169.0m |
| Operating income | −PLN 74.9m | PLN 68.0m | PLN 129.7m | PLN 69.7m | −PLN 17.2m | −PLN 5.3m | PLN 41.6m | −PLN 2.3m | PLN 39.9m | PLN 35.4m |
| Net income | −PLN 36.5m | PLN 34.7m | PLN 96.7m | PLN 44.8m | −PLN 34.8m | −PLN 22.2m | PLN 21.8m | −PLN 17.8m | PLN 21.0m | PLN 24.7m |
| Diluted earnings per share | -1.31 | 1.25 | 3.48 | 1.61 | -1.25 | -0.70 | 0.78 | -0.65 | 0.75 | 0.89 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 1.42bn | PLN 1.37bn | PLN 1.22bn | PLN 1.10bn | PLN 935.0m | PLN 908.3m | PLN 1.19bn | PLN 1.04bn | PLN 1.06bn | PLN 767.3m |
| Cash and short-term investments | PLN 57.7m | PLN 75.9m | PLN 48.8m | PLN 28.6m | PLN 26.1m | PLN 25.5m | PLN 50.8m | PLN 46.7m | PLN 62.1m | PLN 56.3m |
| Total liabilities | PLN 880.9m | PLN 789.0m | PLN 674.7m | PLN 640.5m | PLN 526.8m | PLN 475.2m | PLN 747.6m | PLN 622.1m | PLN 631.9m | PLN 367.5m |
| Debt | PLN 454.0m | PLN 407.3m | PLN 325.2m | PLN 260.9m | PLN 248.0m | PLN 225.5m | PLN 255.7m | PLN 280.2m | PLN 198.3m | PLN 168.6m |
| Shareholders' equity | PLN 544.1m | PLN 582.4m | PLN 548.4m | PLN 455.8m | PLN 408.2m | PLN 433.1m | PLN 439.9m | PLN 415.7m | PLN 425.5m | PLN 399.9m |
| Shares outstanding | 28m | 28m | 28m | 28m | 28m | 32m | 28m | 27m | 28m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 85.3m | PLN 120.6m | PLN 65.6m | PLN 56.0m | PLN 16.1m | PLN 52.5m | PLN 61.0m | PLN 32.3m | PLN 61.6m | PLN 55.2m |
| Capital spending | −PLN 141.9m | −PLN 133.1m | −PLN 45.7m | −PLN 24.7m | −PLN 51.2m | −PLN 120.2m | −PLN 57.1m | −PLN 43.0m | −PLN 19.2m | −PLN 28.3m |
| Free cash flow | −PLN 56.6m | −PLN 12.6m | PLN 19.9m | PLN 31.3m | −PLN 35.2m | −PLN 67.7m | PLN 3.9m | −PLN 10.6m | PLN 42.5m | PLN 26.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 931.9m | PLN 965.9m | PLN 969.4m | PLN 962.3m | PLN 988.4m | PLN 908.9m | PLN 969.3m | PLN 1.01bn |
| Gross profit | PLN 88.2m | PLN 85.6m | PLN 68.5m | PLN 61.6m | PLN 104.9m | PLN 79.4m | PLN 99.4m | PLN 79.8m |
| Operating income | −PLN 668,000 | −PLN 6.6m | −PLN 84.2m | −PLN 17.2m | PLN 26.7m | PLN 3.5m | PLN 22.4m | −PLN 6.4m |
| Net income | −PLN 8.0m | −PLN 14.7m | −PLN 28.2m | −PLN 22.2m | PLN 17.7m | −PLN 3.8m | PLN 13.0m | −PLN 12.8m |
| Diluted earnings per share | -0.29 | -0.53 | -1.01 | -0.80 | 0.64 | -0.14 | 0.47 | -0.46 |
| Cash from operations | PLN 20.0m | −PLN 1.0m | PLN 57.0m | PLN 27.0m | PLN 11.0m | — | PLN 54.0m | PLN 48.0m |
| Capital spending | −PLN 19.0m | −PLN 12.0m | −PLN 33.0m | −PLN 39.0m | −PLN 36.0m | −PLN 32.0m | −PLN 34.0m | −PLN 49.0m |
| Free cash flow | PLN 1.0m | −PLN 13.0m | PLN 24.0m | −PLN 12.0m | −PLN 25.0m | — | PLN 20.0m | −PLN 1.0m |
| Total assets | PLN 1.47bn | PLN 1.51bn | PLN 1.42bn | PLN 1.51bn | PLN 1.50bn | PLN 1.44bn | PLN 1.37bn | PLN 1.41bn |
| Cash and short-term investments | PLN 39.8m | PLN 41.7m | PLN 57.7m | PLN 48.4m | PLN 53.7m | PLN 57.9m | PLN 75.9m | PLN 61.8m |
| Debt | PLN 362.5m | PLN 357.8m | PLN 345.2m | PLN 364.8m | PLN 348.5m | PLN 315.0m | PLN 323.1m | PLN 290.6m |
| Shareholders' equity | PLN 519.0m | PLN 529.7m | PLN 544.1m | PLN 572.7m | PLN 595.2m | PLN 578.1m | PLN 582.4m | PLN 569.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.2% | 14.4% | 10.0% |
| Operating income | — | 69.6% | — |
| Net income | — | 10.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 9.0% | 9.7% | 9.5% | 10.0% |
| Operating margin | -0.1% | 1.4% | 1.0% | 1.2% |
| Net margin | -0.0% | 1.0% | 0.5% | 0.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -15.3 | 22.4 | 7.3 | 4.7 | -3.6 | -6.3 | 8.6 | -11.4 | 10.5 | 7.6 |
| Price to sales | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Jul 2003.
| FY2003 | |
|---|---|
| Paid in the year | 0.10 |
- 10-to-1 reverse split · 4 Jul 2014
- 10-for-1 split · 31 Mar 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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