G 
1,270.00
+1.52%
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.
Revenue
PLN 5.49bn
FY2016FY2025
Net income
PLN 568.0m
FY2016FY2025
Free cash flow
PLN 643.0m
FY2016FY2025
Shareholders' equity
PLN 2.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 5.49bn | PLN 5.14bn | PLN 5.22bn | PLN 5.93bn | PLN 4.60bn | PLN 3.53bn | PLN 3.20bn | PLN 2.99bn | PLN 2.64bn | PLN 2.27bn |
| Research and development | — | — | PLN 1.3m | PLN 369,000 | PLN 503,000 | PLN 303,000 | PLN 785,000 | — | — | — |
| Operating income | PLN 771.0m | PLN 721.0m | PLN 687.4m | PLN 865.2m | PLN 746.0m | PLN 525.8m | PLN 384.9m | PLN 337.7m | PLN 301.2m | PLN 282.3m |
| Net income | PLN 568.0m | PLN 560.4m | PLN 539.1m | PLN 678.4m | PLN 594.6m | PLN 430.2m | PLN 294.9m | PLN 268.2m | PLN 236.9m | PLN 277.9m |
| Diluted earnings per share | 56.30 | 56.87 | 55.86 | 70.29 | 61.51 | 44.70 | 30.82 | 28.09 | 24.96 | 29.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 4.25bn | PLN 4.22bn | PLN 3.66bn | PLN 3.89bn | PLN 3.53bn | PLN 2.89bn | PLN 2.78bn | PLN 2.78bn | PLN 2.50bn | PLN 2.32bn |
| Cash and short-term investments | PLN 64.0m | PLN 68.0m | PLN 89.4m | PLN 126.3m | PLN 91.9m | PLN 151.2m | PLN 103.6m | PLN 100.7m | PLN 78.9m | PLN 74.9m |
| Total liabilities | PLN 2.22bn | PLN 2.28bn | PLN 1.76bn | PLN 1.94bn | PLN 1.76bn | PLN 1.30bn | PLN 1.30bn | PLN 1.38bn | PLN 1.14bn | PLN 917.5m |
| Debt | PLN 1.44bn | PLN 1.58bn | PLN 1.02bn | PLN 1.20bn | PLN 978.7m | PLN 737.4m | PLN 832.4m | PLN 875.1m | PLN 669.4m | PLN 472.4m |
| Shareholders' equity | PLN 2.00bn | PLN 1.94bn | PLN 1.89bn | PLN 1.94bn | PLN 1.77bn | PLN 1.59bn | PLN 1.48bn | PLN 1.40bn | PLN 1.36bn | PLN 1.41bn |
| Shares outstanding | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 10m | 9m | 9m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 863.0m | PLN 707.0m | PLN 1.09bn | PLN 734.2m | PLN 369.0m | PLN 636.6m | PLN 562.8m | PLN 293.3m | PLN 276.1m | PLN 315.1m |
| Capital spending | −PLN 220.0m | −PLN 274.0m | −PLN 315.8m | −PLN 309.5m | −PLN 218.5m | −PLN 145.6m | −PLN 245.6m | −PLN 231.0m | −PLN 190.0m | −PLN 261.3m |
| Free cash flow | PLN 643.0m | PLN 433.0m | PLN 776.1m | PLN 424.6m | PLN 150.5m | PLN 491.1m | PLN 317.2m | PLN 62.2m | PLN 86.1m | PLN 53.8m |
| Dividends paid | −PLN 545.0m | −PLN 539.0m | −PLN 603.1m | −PLN 505.4m | −PLN 430.1m | −PLN 336.7m | −PLN 229.0m | −PLN 228.5m | −PLN 284.7m | −PLN 170.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.65bn | PLN 1.37bn | PLN 1.25bn | PLN 1.45bn | PLN 1.44bn | PLN 1.35bn | PLN 1.25bn | PLN 1.36bn |
| Operating income | PLN 317.0m | PLN 196.0m | PLN 133.0m | PLN 232.0m | PLN 235.0m | PLN 170.0m | PLN 123.6m | PLN 199.1m |
| Net income | PLN 241.0m | PLN 145.0m | PLN 102.0m | PLN 176.0m | PLN 169.0m | PLN 121.0m | PLN 95.9m | PLN 147.5m |
| Diluted earnings per share | 24.41 | 14.69 | 10.11 | 17.45 | 16.75 | 11.99 | 9.73 | 14.96 |
| Cash from operations | PLN 145.0m | PLN 233.0m | PLN 240.0m | PLN 239.0m | PLN 229.0m | PLN 199.0m | PLN 198.0m | PLN 81.0m |
| Capital spending | −PLN 39.0m | −PLN 69.0m | −PLN 56.0m | −PLN 62.0m | −PLN 57.0m | −PLN 45.0m | −PLN 46.0m | −PLN 40.0m |
| Free cash flow | PLN 106.0m | PLN 164.0m | PLN 184.0m | PLN 177.0m | PLN 172.0m | PLN 154.0m | PLN 152.0m | PLN 41.0m |
| Total assets | PLN 4.62bn | PLN 4.41bn | PLN 4.25bn | PLN 4.38bn | PLN 4.40bn | PLN 4.36bn | PLN 4.22bn | PLN 4.34bn |
| Cash and short-term investments | PLN 69.0m | PLN 76.0m | PLN 64.0m | PLN 70.0m | PLN 60.0m | PLN 52.0m | PLN 83.0m | PLN 78.6m |
| Debt | PLN 1.14bn | PLN 1.26bn | PLN 1.39bn | PLN 355.0m | PLN 1.20bn | PLN 1.35bn | PLN 1.53bn | PLN 1.29bn |
| Shareholders' equity | PLN 1.91bn | PLN 2.16bn | PLN 2.00bn | PLN 1.90bn | PLN 1.71bn | PLN 2.07bn | PLN 1.94bn | PLN 1.85bn |
Financial ratios
Data as of 5 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 14.0% | 14.0% | 13.2% | 14.6% | 16.2% | 14.9% | — |
| Net margin | 10.3% | 10.9% | 10.3% | 11.4% | 12.9% | 12.2% | — |
| Return on equity | 28.4% | 28.9% | 28.5% | 34.9% | 33.6% | 27.1% | — |
| Return on assets | 13.4% | 13.3% | 14.7% | 17.5% | 16.9% | 14.9% | — |
| Free cash flow yield | 8.6% | 8.0% | 11.7% | 8.7% | 4.9% | 6.5% | — |
| Revenue growth | 6.8% | -1.4% | -12.0% | 29.0% | 30.1% | 10.3% | — |
| Earnings growth | 1.3% | 4.0% | -20.5% | 14.1% | 38.2% | 45.9% | — |
| Current ratio | 1.63x | 1.56x | 1.33x | 2.08x | 1.49x | 1.65x | — |
| Debt to equity | 0.69x | 0.78x | 0.51x | 0.60x | 0.54x | 0.45x | — |
| Equity ratio | 47.1% | 45.9% | 51.7% | 49.9% | 50.1% | 54.9% | — |
| Interest coverage | 9.64x | 9.49x | 11.67x | 14.15x | 51.45x | 29.91x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -2.4% | -2.1% | 0.0% | 0.2% | -0.5% | -0.6% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.5% | 9.2% | 10.5% |
| Operating income | -3.8% | 8.0% | 12.2% |
| Net income | -5.7% | 5.7% | 10.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.0% | 14.0% | 14.4% | 13.6% |
| Net margin | 10.6% | 10.8% | 11.3% | 10.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.2 | 12.0 | 13.3 | 6.5 | 9.9 | 11.0 | 11.2 | 11.7 | 16.4 | 13.2 |
| Price to sales | 1.7 | 1.3 | 1.4 | 0.7 | 1.3 | 1.3 | 1.0 | 1.1 | 1.5 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 18 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 48.96 | 55.46 | 55.40 | 62.50 | 52.37 | 31.20 | 24.00 | 16.95 |
- 4-for-1 split · 21 Mar 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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