K 
0.12
-1.67%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 25.1m
FY2016FY2025
Net income
−PLN 12.1m
FY2016FY2025
Free cash flow
−PLN 1.4m
FY2016FY2025
Shareholders' equity
−PLN 73.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 25.1m | PLN 44.6m | PLN 80.2m | PLN 93.5m | PLN 114.1m | PLN 109.9m | PLN 182.4m | PLN 225.6m | PLN 278.0m | PLN 447.0m |
| Gross profit | PLN 3.1m | PLN 5.8m | PLN 7.1m | PLN 9.4m | PLN 12.9m | PLN 10.0m | PLN 12.2m | PLN 14.5m | PLN 18.7m | PLN 25.1m |
| Operating income | −PLN 6.7m | −PLN 6.9m | −PLN 48.8m | −PLN 6.8m | PLN 529,000 | −PLN 6.4m | −PLN 8.5m | −PLN 14.1m | −PLN 8.3m | −PLN 8.4m |
| Net income | −PLN 12.1m | −PLN 13.5m | −PLN 68.3m | −PLN 10.8m | PLN 288,000 | −PLN 5.8m | −PLN 13.0m | −PLN 12.9m | −PLN 8.4m | −PLN 9.7m |
| Diluted earnings per share | -1.35 | -1.50 | -7.58 | -1.20 | 0.03 | -0.64 | -1.45 | -1.43 | -0.93 | -1.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 6.3m | PLN 14.2m | PLN 23.7m | PLN 28.3m | PLN 42.7m | PLN 45.6m | PLN 72.9m | PLN 104.5m | PLN 129.2m | PLN 153.5m |
| Cash and short-term investments | PLN 447,000 | PLN 633,000 | PLN 2.6m | PLN 3.3m | PLN 7.2m | PLN 1.2m | PLN 5.1m | PLN 6.7m | PLN 220,000 | PLN 1.3m |
| Total liabilities | PLN 79.9m | PLN 75.6m | PLN 71.6m | PLN 8.3m | PLN 11.8m | PLN 15.6m | PLN 32.8m | PLN 50.1m | PLN 58.9m | PLN 78.8m |
| Debt | PLN 596,000 | PLN 2.6m | PLN 6.0m | PLN 3.6m | PLN 5.1m | PLN 7.9m | PLN 19.1m | PLN 22.0m | PLN 21.7m | PLN 27.6m |
| Shareholders' equity | −PLN 73.6m | −PLN 61.4m | −PLN 47.9m | PLN 20.0m | PLN 30.9m | PLN 30.1m | PLN 40.1m | PLN 54.4m | PLN 70.3m | PLN 74.6m |
| Shares outstanding | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 1.4m | −PLN 265,000 | PLN 801,000 | −PLN 1.6m | PLN 1.8m | PLN 3.2m | −PLN 1.3m | −PLN 840,000 | PLN 8.5m | PLN 17.8m |
| Capital spending | −PLN 23,000 | — | −PLN 1 | −PLN 379,000 | −PLN 931,000 | −PLN 657,000 | −PLN 426,000 | −PLN 2.2m | −PLN 2.3m | −PLN 1.4m |
| Free cash flow | −PLN 1.4m | −PLN 265,000 | PLN 800,999 | −PLN 1.9m | PLN 898,000 | PLN 2.5m | −PLN 1.7m | −PLN 3.1m | PLN 6.2m | PLN 16.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 3.0m | PLN 6.6m | PLN 5.4m | PLN 5.1m | PLN 6.0m | PLN 8.5m | PLN 8.0m | PLN 10.2m |
| Gross profit | PLN 360,000 | PLN 1.2m | −PLN 128,000 | PLN 998,000 | PLN 1.1m | PLN 1.1m | PLN 1.0m | PLN 1.2m |
| Operating income | PLN 263,000 | −PLN 27,000 | −PLN 2.3m | −PLN 1.4m | −PLN 2.1m | −PLN 1.0m | −PLN 3.0m | −PLN 1.4m |
| Net income | −PLN 1.4m | −PLN 2.4m | −PLN 3.7m | −PLN 2.7m | −PLN 3.1m | −PLN 2.6m | −PLN 4.7m | −PLN 3.1m |
| Diluted earnings per share | -0.15 | -0.26 | -0.41 | -0.30 | -0.35 | -0.29 | -0.52 | -0.35 |
| Cash from operations | — | −PLN 1.0m | — | — | −PLN 2.0m | PLN 1.0m | — | — |
| Capital spending | — | — | — | — | — | −PLN 1.0m | — | — |
| Free cash flow | — | — | — | — | — | PLN 0 | — | — |
| Total assets | PLN 4.1m | PLN 5.6m | PLN 6.3m | PLN 10.9m | PLN 12.3m | PLN 14.6m | PLN 14.2m | PLN 18.2m |
| Cash and short-term investments | PLN 62,000 | PLN 76,000 | PLN 447,000 | PLN 159,000 | PLN 92,000 | PLN 579,000 | PLN 633,000 | PLN 332,000 |
| Debt | PLN 493,000 | PLN 1.1m | PLN 596,000 | PLN 2.7m | PLN 2.0m | PLN 1.8m | PLN 2.6m | PLN 2.0m |
| Shareholders' equity | −PLN 77.4m | −PLN 76.0m | −PLN 73.6m | −PLN 69.9m | −PLN 67.2m | −PLN 64.0m | −PLN 61.4m | −PLN 56.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -35.5% | -25.6% | -26.4% |
| Operating income | -0.1% | 1.0% | — |
| Net income | 3.8% | 16.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.7% | 10.4% | 10.3% | 7.1% |
| Operating margin | -19.6% | -28.4% | -16.1% | -4.9% |
| Net margin | -36.8% | -43.0% | -23.6% | -6.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.4 | -0.5 | -0.1 | -0.4 | 18.1 | -0.7 | -0.3 | -0.8 | -2.3 | -2.7 |
| Price to sales | 0.2 | 0.2 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Jun 2012.
| FY2012 | |
|---|---|
| Paid in the year | 0.004 |
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.