Zespol Elektrocieplowni Wroclawskich Kogeneracja KGN.WA · PLN

Utilities · GPW · 🇵🇱 Poland

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87.70

+2.21%

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.

FY2025

Revenue

PLN 2.65bn

FY2016FY2025

Net income

PLN 277.0m

FY2016FY2025

Free cash flow

PLN 482.2m

FY2016FY2025

Shareholders' equity

PLN 2.60bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	PLN 2.65bn	PLN 2.56bn	PLN 3.16bn	PLN 1.81bn	PLN 1.43bn	PLN 1.18bn	PLN 1.09bn	PLN 960.6m	PLN 1.01bn	PLN 1.05bn
Operating income	PLN 343.6m	PLN 219.5m	PLN 310.0m	PLN 160.8m	PLN 66.8m	PLN 157.1m	PLN 104.0m	PLN 11.8m	PLN 165.1m	PLN 204.9m
Net income	PLN 277.0m	PLN 201.8m	PLN 255.7m	PLN 149.5m	PLN 56.3m	PLN 123.9m	PLN 82.9m	PLN 11.9m	PLN 131.2m	PLN 156.8m
Diluted earnings per share	18.59	13.54	17.25	10.02	3.77	8.34	5.58	0.80	8.79	10.52

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	PLN 4.59bn	PLN 4.73bn	PLN 4.72bn	PLN 3.53bn	PLN 3.21bn	PLN 2.85bn	PLN 2.59bn	PLN 2.39bn	PLN 2.33bn	PLN 2.29bn
Cash and short-term investments	PLN 2.8m	PLN 31.6m	PLN 34.3m	PLN 5.2m	PLN 21.9m	PLN 14.1m	PLN 474.0m	PLN 354.0m	PLN 350.7m	PLN 214.8m
Total liabilities	PLN 1.99bn	PLN 2.39bn	PLN 2.58bn	PLN 1.64bn	PLN 1.46bn	PLN 1.17bn	PLN 1.03bn	PLN 918.7m	PLN 819.3m	PLN 853.0m
Debt	PLN 403.0m	PLN 437.9m	PLN 433.6m	PLN 112.4m	PLN 58.0m	PLN 58.2m	PLN 2.3m	PLN 25.2m	PLN 49.8m	PLN 74.9m
Shareholders' equity	PLN 2.60bn	PLN 2.34bn	PLN 2.14bn	PLN 1.88bn	PLN 1.74bn	PLN 1.68bn	PLN 1.56bn	PLN 1.46bn	PLN 1.50bn	PLN 1.43bn
Shares outstanding	15m	15m	15m	15m	15m	15m	15m	15m	15m	15m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	PLN 804.0m	PLN 850.7m	PLN 611.9m	PLN 425.6m	PLN 328.2m	PLN 154.4m	PLN 304.5m	PLN 191.2m	PLN 330.7m	PLN 429.5m
Capital spending	−PLN 321.8m	−PLN 284.2m	−PLN 585.4m	−PLN 548.5m	−PLN 322.5m	−PLN 165.0m	−PLN 165.6m	−PLN 126.2m	−PLN 86.7m	−PLN 163.8m
Free cash flow	PLN 482.2m	PLN 566.5m	PLN 26.5m	−PLN 123.0m	PLN 5.7m	−PLN 10.7m	PLN 138.8m	PLN 65.0m	PLN 244.0m	PLN 265.7m
Dividends paid	—	—	—	−PLN 4.8m	−PLN 4.8m	−PLN 4.8m	−PLN 4.8m	−PLN 40.6m	−PLN 98.6m	−PLN 94.4m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	PLN 471.6m	PLN 1.07bn	PLN 912.7m	PLN 407.2m	PLN 446.0m	PLN 884.5m	PLN 827.2m	PLN 420.4m
Operating income	−PLN 14.0m	PLN 259.5m	PLN 176.5m	−PLN 17.4m	PLN 27.9m	PLN 156.6m	PLN 43.0m	PLN 17.9m
Net income	−PLN 6.2m	PLN 213.1m	PLN 142.4m	−PLN 15.0m	PLN 22.4m	PLN 127.2m	PLN 43.2m	−PLN 8.8m
Diluted earnings per share	-0.42	14.40	9.56	-1.01	1.50	8.54	2.90	-0.59
Cash from operations	−PLN 9.0m	PLN 337.0m	PLN 407.0m	−PLN 68.0m	PLN 265.0m	PLN 200.0m	PLN 249.0m	PLN 24.0m
Capital spending	−PLN 33.0m	−PLN 45.0m	−PLN 39.0m	−PLN 146.0m	−PLN 103.0m	−PLN 32.0m	−PLN 104.0m	−PLN 50.0m
Free cash flow	−PLN 42.0m	PLN 292.0m	PLN 368.0m	−PLN 214.0m	PLN 162.0m	PLN 168.0m	PLN 145.0m	−PLN 26.0m
Total assets	PLN 4.62bn	PLN 5.02bn	PLN 4.59bn	PLN 4.05bn	PLN 4.21bn	PLN 4.23bn	PLN 4.73bn	PLN 4.05bn
Cash and short-term investments	PLN 16.1m	PLN 3.1m	PLN 2.8m	PLN 2.4m	PLN 23.9m	PLN 2.3m	PLN 31.6m	PLN 2.0m
Debt	PLN 306.1m	PLN 313.2m	PLN 322.9m	PLN 330.5m	PLN 337.6m	PLN 354.2m	PLN 364.3m	PLN 351.4m
Shareholders' equity	PLN 2.80bn	PLN 2.81bn	PLN 2.60bn	PLN 2.47bn	PLN 2.49bn	PLN 2.47bn	PLN 2.34bn	PLN 2.30bn

Financial ratios

Data as of 5 Nov 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Operating margin	13.6%	10.0%	10.5%	10.7%	5.3%	13.6%
Net margin	10.5%	7.9%	8.1%	8.3%	3.9%	10.5%
Return on equity	10.7%	8.6%	12.0%	7.9%	3.2%	7.4%
Return on assets	6.0%	4.3%	5.4%	4.2%	1.8%	4.3%
Free cash flow yield	90.2%	90.9%	96.4%	77.9%	52.1%	25.6%
Revenue growth	3.7%	-19.2%	74.6%	26.3%	21.2%	8.3%
Earnings growth	37.3%	-21.1%	71.0%	165.8%	-54.6%	49.5%
Current ratio	1.15x	1.01x	1.20x	1.14x	1.55x	1.99x
Debt to equity	0.12x	0.16x	0.16x	0.02x	0.00x	0.00x
Equity ratio	56.6%	49.4%	45.3%	53.3%	54.2%	58.8%
Interest coverage	23.29x	48.38x	44.58x	43.08x	23.51x	50.49x
Buybacks as a share of market value	0.0%	-0.5%	0.7%	-0.1%	-0.3%	-0.1%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	13.5%	17.5%	10.3%
Operating income	28.8%	16.9%	7.4%
Net income	22.8%	17.5%	8.2%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Operating margin	10.8%	10.2%	9.8%	10.7%
Net margin	9.2%	8.7%	8.3%	8.8%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	3.4	3.7	3.8	2.4	7.4	4.2	6.2	49.9	9.7	8.6
Price to sales	0.4	0.3	0.3	0.2	0.3	0.4	0.5	0.6	1.3	1.3

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 24 Aug 2022.

	FY2022	FY2018	FY2017	FY2016	FY2012	FY2011	FY2010	FY2009
Paid in the year	0.32	2.70	6.58	6.25	4.41	3.50	3.50	2.05

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Zespol Elektrocieplowni Wroclawskich Kogeneracja KGN.WA · PLN

Search any instrument

At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology