I 
1.26
-1.56%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Net income
−PLN 4.6m
FY2016FY2025
Free cash flow
−PLN 22.2m
FY2016FY2025
Shareholders' equity
PLN 9.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating income | −PLN 3.2m | −PLN 3.7m | PLN 6.8m | PLN 4.7m | PLN 2.9m | PLN 8.1m | −PLN 701,693 | −PLN 583,293 | −PLN 23.9m |
| Net income | −PLN 4.6m | −PLN 2.6m | PLN 14.7m | PLN 5.3m | PLN 3.4m | PLN 3.7m | −PLN 8.3m | −PLN 3.8m | −PLN 28.6m |
| Diluted earnings per share | -0.39 | -0.25 | 2.09 | 0.76 | 0.49 | 0.55 | -1.18 | -0.54 | -4.07 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 56.5m | PLN 40.0m | PLN 19.7m | PLN 25.1m | PLN 63.9m | PLN 60.3m | PLN 92.2m | PLN 98.9m | PLN 91.0m |
| Cash and short-term investments | PLN 9.0m | PLN 464,434 | PLN 1.0m | PLN 7.4m | PLN 8.0m | PLN 5.3m | PLN 11.0m | PLN 781,804 | PLN 208,420 |
| Total liabilities | PLN 46.5m | PLN 28.2m | PLN 9.1m | PLN 29.1m | PLN 73.2m | PLN 71.1m | PLN 106.7m | PLN 105.2m | PLN 93.4m |
| Debt | PLN 35.3m | PLN 5.0m | PLN 78,286 | PLN 5.4m | PLN 21.9m | PLN 21.5m | PLN 28.7m | PLN 47.0m | PLN 47.4m |
| Shareholders' equity | PLN 9.7m | PLN 12.9m | PLN 10.7m | −PLN 4.0m | −PLN 9.3m | −PLN 10.8m | −PLN 14.5m | −PLN 6.2m | −PLN 2.4m |
| Shares outstanding | 12m | 10m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 22.2m | −PLN 10.6m | −PLN 4.0m | PLN 14.2m | −PLN 2.9m | −PLN 6.6m | PLN 8.4m | PLN 1.1m | PLN 710,992 |
| Capital spending | −PLN 10,228 | −PLN 33,779 | — | −PLN 5 | −PLN 319,384 | −PLN 20,100 | −PLN 26,678 | −PLN 19,320 | −PLN 19,320 |
| Free cash flow | −PLN 22.2m | −PLN 10.6m | −PLN 4.0m | PLN 14.2m | −PLN 3.2m | −PLN 6.6m | PLN 8.4m | PLN 1.1m | PLN 691,672 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −PLN 1.2m | −PLN 916,014 | −PLN 1.9m | −PLN 659,842 | −PLN 1.0m | PLN 467,602 | −PLN 920,184 | −PLN 946,457 |
| Net income | −PLN 2.4m | −PLN 1.8m | −PLN 2.7m | −PLN 875,096 | −PLN 1.2m | PLN 256,076 | −PLN 784,180 | −PLN 1.0m |
| Diluted earnings per share | -0.21 | -0.16 | -0.23 | -0.07 | -0.10 | 0.02 | -0.08 | -0.10 |
| Cash from operations | −PLN 2.0m | −PLN 3.0m | −PLN 2.0m | −PLN 8.0m | −PLN 3.0m | −PLN 6.0m | −PLN 1.0m | −PLN 1.0m |
| Total assets | PLN 72.1m | PLN 60.3m | PLN 56.5m | PLN 53.2m | PLN 57.8m | PLN 43.0m | PLN 40.0m | PLN 31.4m |
| Cash and short-term investments | PLN 11.8m | PLN 8.2m | PLN 9.0m | PLN 2.2m | PLN 11.6m | PLN 1.2m | PLN 464,434 | PLN 1.0m |
| Debt | PLN 10.7m | PLN 38.4m | PLN 35.1m | PLN 25.3m | PLN 4.9m | PLN 12.9m | PLN 4.9m | PLN 4.8m |
| Shareholders' equity | PLN 5.8m | PLN 8.0m | PLN 9.7m | PLN 13.7m | PLN 14.5m | PLN 13.2m | PLN 12.9m | PLN 13.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.6% | 53.3% | -8.6% |
| Operating income | — | 6.6% | — |
| Net income | — | 20.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -31.2% | 6.4% | 5.3% | 0.8% |
| Net margin | -32.9% | 17.6% | 14.6% | -7.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.9 | -6.8 | 0.9 | 1.2 | 2.5 | -5.6 | 1.0 | -0.3 | -0.6 | -0.1 |
| Price to sales | 1.1 | 8.9 | 8.6 | 0.1 | 0.4 | 4.3 | 0.1 | 0.1 | 0.9 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 4 Jul 2012.
| FY2012 | |
|---|---|
| Paid in the year | 0.29 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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