K 
5.66
-1.05%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 1.75bn
FY2016FY2025
Net income
PLN 3.1m
FY2016FY2025
Free cash flow
PLN 6.6m
FY2016FY2025
Shareholders' equity
PLN 247.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.75bn | PLN 1.70bn | PLN 1.64bn | PLN 1.86bn | PLN 1.77bn | PLN 1.48bn | PLN 1.65bn | PLN 2.00bn | PLN 2.04bn | PLN 2.01bn |
| Gross profit | PLN 226.3m | PLN 198.3m | PLN 196.2m | PLN 207.0m | PLN 227.0m | PLN 194.4m | PLN 164.0m | PLN 225.5m | PLN 221.3m | PLN 194.4m |
| Research and development | — | — | PLN 6.8m | PLN 5.8m | PLN 851,000 | PLN 5.6m | PLN 6.9m | PLN 4.1m | PLN 4.7m | — |
| Operating income | PLN 15.7m | −PLN 6.5m | PLN 2.0m | PLN 11.9m | PLN 30.0m | PLN 22.3m | −PLN 81.5m | PLN 16.6m | PLN 9.6m | PLN 23.4m |
| Net income | PLN 3.1m | −PLN 15.9m | −PLN 4.5m | PLN 150.7m | PLN 14.6m | PLN 8.8m | −PLN 83.3m | PLN 7.9m | −PLN 37.6m | PLN 13.3m |
| Diluted earnings per share | 0.30 | -1.63 | -0.46 | 15.39 | 1.49 | 0.90 | -8.51 | 0.81 | -3.84 | 1.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 508.0m | PLN 465.2m | PLN 479.7m | PLN 482.9m | PLN 461.8m | PLN 446.9m | PLN 444.0m | PLN 532.2m | PLN 537.1m | PLN 590.0m |
| Cash and short-term investments | PLN 11.3m | PLN 9.2m | PLN 24.4m | PLN 33.9m | PLN 52.8m | PLN 34.0m | PLN 59.7m | PLN 24.9m | PLN 36.0m | PLN 21.5m |
| Total liabilities | PLN 260.3m | PLN 225.6m | PLN 226.8m | PLN 225.2m | PLN 354.7m | PLN 355.6m | PLN 363.0m | PLN 367.4m | PLN 378.9m | PLN 404.5m |
| Debt | PLN 86.2m | PLN 27.8m | PLN 30.2m | PLN 26.2m | PLN 101.0m | PLN 105.5m | PLN 116.7m | PLN 103.9m | PLN 95.5m | PLN 85.4m |
| Shareholders' equity | PLN 247.8m | PLN 239.7m | PLN 253.2m | PLN 258.0m | PLN 106.6m | PLN 91.0m | PLN 80.6m | PLN 164.4m | PLN 157.5m | PLN 184.7m |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 10.1m | PLN 7.3m | PLN 11.1m | −PLN 4.8m | PLN 30.7m | −PLN 1.6m | PLN 84.7m | PLN 25.5m | PLN 7.8m | PLN 34.5m |
| Capital spending | −PLN 3.4m | −PLN 10.8m | −PLN 2.2m | −PLN 14.4m | −PLN 9.2m | −PLN 8.1m | −PLN 14.3m | −PLN 17.5m | −PLN 19.0m | −PLN 13.9m |
| Free cash flow | PLN 6.6m | −PLN 3.6m | PLN 8.9m | −PLN 19.1m | PLN 21.4m | −PLN 9.6m | PLN 70.4m | PLN 8.0m | −PLN 11.2m | PLN 20.6m |
| Dividends paid | — | — | — | −PLN 220,000 | — | — | −PLN 75,000 | — | −PLN 444,000 | −PLN 256,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 391.5m | PLN 393.4m | PLN 528.8m | PLN 427.7m | PLN 397.8m | PLN 400.3m | PLN 515.3m | PLN 400.5m |
| Gross profit | PLN 49.7m | PLN 58.9m | PLN 71.3m | PLN 57.6m | PLN 50.4m | PLN 47.3m | PLN 59.1m | PLN 45.6m |
| Operating income | −PLN 1.0m | PLN 3.2m | PLN 8.2m | PLN 2.0m | PLN 1.1m | −PLN 4.0m | PLN 4.0m | −PLN 3.6m |
| Net income | −PLN 3.1m | PLN 303,000 | PLN 4.4m | PLN 296,000 | −PLN 1.9m | −PLN 6.5m | PLN 1.7m | −PLN 5.7m |
| Diluted earnings per share | -0.29 | 0.03 | 0.43 | 0.03 | -0.18 | -0.64 | 0.17 | -0.58 |
| Cash from operations | PLN 4.0m | — | −PLN 2.0m | PLN 6.0m | PLN 4.0m | −PLN 18.0m | PLN 23.0m | PLN 3.0m |
| Capital spending | −PLN 1.0m | — | −PLN 1.0m | — | −PLN 2.0m | −PLN 3.0m | −PLN 2.0m | −PLN 1.0m |
| Free cash flow | PLN 3.0m | — | −PLN 3.0m | — | PLN 2.0m | −PLN 21.0m | PLN 21.0m | PLN 2.0m |
| Total assets | PLN 501.6m | PLN 508.0m | PLN 508.3m | PLN 495.9m | PLN 450.8m | PLN 465.2m | PLN 469.0m | PLN 457.2m |
| Cash and short-term investments | PLN 5.8m | PLN 11.3m | PLN 17.4m | PLN 13.9m | PLN 10.0m | PLN 9.2m | PLN 18.3m | PLN 15.6m |
| Debt | PLN 14.1m | PLN 41.2m | PLN 17.7m | PLN 10.9m | PLN 9.0m | PLN 8.0m | PLN 7.8m | PLN 6.9m |
| Shareholders' equity | PLN 244.7m | PLN 247.8m | PLN 247.5m | PLN 238.2m | PLN 237.9m | PLN 239.7m | PLN 243.3m | PLN 241.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.0% | 3.4% | -1.9% |
| Operating income | 9.7% | -6.8% | -0.2% |
| Net income | -72.6% | -18.9% | -12.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.3% | 11.9% | 12.3% | 11.2% |
| Operating margin | 0.3% | 0.3% | 0.7% | 0.3% |
| Net margin | -0.4% | 1.9% | 1.5% | 0.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.0 | -2.7 | -10.8 | 0.3 | 2.1 | 2.9 | -0.1 | 1.8 | -0.7 | 2.0 |
| Price to sales | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 11 Dec 2015.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.27 | 0.11 | 0.36 | 0.12 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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