I 
34.20
-0.58%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 342.1m
FY2016FY2025
Net income
PLN 43.6m
FY2016FY2025
Free cash flow
PLN 28.6m
FY2016FY2025
Shareholders' equity
PLN 397.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 342.1m | PLN 374.9m | PLN 418.3m | PLN 397.6m | PLN 380.5m | PLN 411.4m | PLN 441.5m | PLN 486.6m | PLN 408.4m | PLN 357.9m |
| Gross profit | PLN 108.4m | PLN 102.9m | PLN 87.2m | PLN 76.0m | PLN 72.5m | PLN 65.7m | PLN 77.2m | PLN 70.8m | PLN 45.4m | PLN 37.6m |
| Research and development | — | — | — | PLN 1.2m | — | PLN 867,118 | PLN 277,453 | PLN 257,992 | — | — |
| Operating income | PLN 55.5m | PLN 64.5m | PLN 42.4m | PLN 36.2m | PLN 36.8m | PLN 31.7m | PLN 33.3m | PLN 38.6m | PLN 15.9m | PLN 13.9m |
| Net income | PLN 43.6m | PLN 52.9m | PLN 35.3m | PLN 29.0m | PLN 26.9m | PLN 23.2m | PLN 23.9m | PLN 31.2m | PLN 12.1m | PLN 9.5m |
| Diluted earnings per share | 5.98 | 7.26 | 4.84 | 3.98 | 3.58 | 3.18 | 3.29 | 4.28 | 1.66 | 1.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 507.7m | PLN 517.7m | PLN 541.1m | PLN 464.7m | PLN 438.4m | PLN 404.1m | PLN 409.6m | PLN 395.9m | PLN 399.1m | PLN 359.4m |
| Cash and short-term investments | PLN 29.5m | PLN 27.0m | PLN 89.4m | PLN 38.1m | PLN 93.5m | PLN 93.7m | PLN 45.3m | PLN 44.4m | PLN 65.9m | PLN 4.2m |
| Total liabilities | PLN 96.3m | PLN 134.3m | PLN 192.8m | PLN 141.8m | PLN 135.2m | PLN 126.0m | PLN 140.6m | PLN 139.4m | PLN 171.9m | PLN 140.4m |
| Debt | PLN 15.6m | PLN 15.8m | PLN 24.8m | PLN 31.0m | PLN 33.0m | PLN 25.4m | PLN 29.8m | PLN 20.2m | PLN 14.8m | PLN 27.7m |
| Shareholders' equity | PLN 397.7m | PLN 372.4m | PLN 337.8m | PLN 312.8m | PLN 294.3m | PLN 269.9m | PLN 261.3m | PLN 249.7m | PLN 221.3m | PLN 211.7m |
| Shares outstanding | 7m | 7m | 7m | 7m | 8m | 7m | 7m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 29.0m | PLN 1.0m | PLN 76.1m | −PLN 2.4m | PLN 27.7m | PLN 80.0m | PLN 37.5m | −PLN 12.7m | PLN 90.8m | −PLN 37.4m |
| Capital spending | −PLN 468,000 | −PLN 2.1m | −PLN 2.4m | −PLN 2.3m | −PLN 3.5m | −PLN 2.8m | −PLN 8.8m | −PLN 3.2m | −PLN 8.0m | −PLN 4.4m |
| Free cash flow | PLN 28.6m | −PLN 1.1m | PLN 73.7m | −PLN 4.6m | PLN 24.2m | PLN 77.1m | PLN 28.7m | −PLN 15.9m | PLN 82.8m | −PLN 41.8m |
| Dividends paid | −PLN 18.2m | −PLN 18.3m | −PLN 11.1m | −PLN 14.6m | −PLN 14.6m | −PLN 14.6m | −PLN 12.4m | −PLN 2.2m | −PLN 1.8m | −PLN 1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 74.4m | PLN 66.1m | PLN 108.6m | PLN 74.5m | PLN 79.8m | PLN 79.2m | PLN 130.3m | PLN 59.8m |
| Gross profit | PLN 24.3m | PLN 20.4m | PLN 33.1m | PLN 30.9m | PLN 20.2m | PLN 24.2m | PLN 34.6m | PLN 13.7m |
| Operating income | PLN 11.4m | PLN 7.6m | PLN 19.8m | PLN 14.4m | PLN 7.0m | PLN 13.5m | PLN 33.0m | PLN 2.9m |
| Net income | PLN 8.2m | PLN 6.8m | PLN 16.2m | PLN 11.5m | PLN 5.0m | PLN 10.9m | PLN 26.3m | PLN 2.3m |
| Diluted earnings per share | 1.13 | 0.93 | 2.22 | 1.57 | 0.68 | 1.50 | 3.62 | 0.31 |
| Cash from operations | PLN 1.0m | PLN 12.0m | PLN 29.0m | PLN 19.0m | −PLN 2.0m | −PLN 17.0m | PLN 17.0m | PLN 18.0m |
| Total assets | PLN 528.9m | PLN 515.8m | PLN 507.7m | PLN 516.3m | PLN 502.5m | PLN 502.2m | PLN 517.7m | PLN 526.9m |
| Cash and short-term investments | PLN 40.7m | PLN 41.5m | PLN 29.5m | PLN 23.5m | PLN 5.5m | PLN 7.7m | PLN 27.0m | PLN 23.4m |
| Debt | PLN 1.7m | PLN 2.1m | PLN 1.9m | PLN 2.5m | PLN 3.1m | PLN 1.6m | PLN 1.8m | PLN 6.1m |
| Shareholders' equity | PLN 394.6m | PLN 404.5m | PLN 397.7m | PLN 381.5m | PLN 370.0m | PLN 383.2m | PLN 372.4m | PLN 346.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.9% | -3.6% | -3.6% |
| Operating income | 15.3% | 11.8% | 17.5% |
| Net income | 14.6% | 13.4% | 17.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.5% | 24.4% | 22.1% | 17.3% |
| Operating margin | 16.7% | 13.0% | 11.5% | 8.4% |
| Net margin | 13.4% | 10.5% | 9.1% | 6.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.2 | 4.8 | 8.9 | 8.0 | 10.5 | 6.4 | 5.4 | 3.1 | 8.0 | 10.8 |
| Price to sales | 0.8 | 0.7 | 0.8 | 0.6 | 0.7 | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 26 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.50 | 2.50 | 1.50 | 2.00 | 2.00 | 2.00 | 1.70 | 0.30 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.