9.94
0.00%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 616.7m
FY2016FY2025
Net income
PLN 126.3m
FY2016FY2025
Free cash flow
PLN 73.3m
FY2016FY2025
Shareholders' equity
PLN 588.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 616.7m | PLN 510.2m | PLN 377.6m | PLN 332.0m | PLN 265.4m | PLN 237.7m | PLN 258.1m | PLN 239.6m | PLN 230.8m | PLN 274.0m |
| Gross profit | PLN 244.6m | PLN 204.9m | PLN 117.3m | PLN 93.2m | PLN 78.6m | PLN 79.2m | PLN 64.8m | PLN 47.1m | PLN 50.4m | PLN 62.0m |
| Research and development | PLN 5.2m | — | PLN 2.0m | PLN 2.0m | PLN 1.6m | PLN 1.6m | PLN 1.3m | PLN 1.3m | PLN 1.2m | — |
| Operating income | PLN 144.9m | PLN 116.0m | PLN 55.9m | PLN 28.9m | PLN 30.4m | PLN 41.8m | PLN 26.2m | PLN 12.5m | PLN 5.6m | PLN 19.1m |
| Net income | PLN 126.3m | PLN 100.8m | PLN 45.6m | PLN 20.6m | PLN 24.2m | PLN 31.3m | PLN 20.6m | PLN 6.2m | PLN 2.9m | PLN 12.1m |
| Diluted earnings per share | 0.84 | 0.67 | 0.30 | 0.14 | 0.16 | 0.21 | 0.14 | 0.04 | 0.02 | 0.08 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 805.1m | PLN 756.9m | PLN 560.3m | PLN 424.4m | PLN 432.3m | PLN 418.9m | PLN 423.9m | PLN 396.9m | PLN 381.6m | PLN 360.9m |
| Cash and short-term investments | PLN 314.1m | PLN 240.1m | PLN 98.2m | PLN 11.4m | PLN 9.7m | PLN 13.1m | PLN 10.7m | PLN 10.3m | PLN 3.6m | PLN 3.9m |
| Total liabilities | PLN 206.8m | PLN 294.1m | PLN 197.4m | PLN 107.5m | PLN 137.3m | PLN 147.6m | PLN 184.0m | PLN 179.1m | PLN 169.7m | PLN 150.2m |
| Debt | PLN 2.8m | PLN 4.0m | PLN 17.2m | PLN 35.5m | PLN 26.7m | PLN 56.4m | PLN 75.7m | PLN 89.9m | PLN 83.0m | PLN 74.5m |
| Shareholders' equity | PLN 588.0m | PLN 461.9m | PLN 362.0m | PLN 315.8m | PLN 294.2m | PLN 270.4m | PLN 238.7m | PLN 216.3m | PLN 210.7m | PLN 208.9m |
| Shares outstanding | 150m | 150m | 150m | 150m | 150m | 150m | 150m | 150m | 150m | 150m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 92.2m | PLN 164.9m | PLN 121.8m | PLN 15.8m | PLN 29.4m | PLN 25.2m | PLN 20.3m | PLN 20.6m | PLN 5.6m | PLN 23.7m |
| Capital spending | −PLN 18.9m | −PLN 14.0m | −PLN 19.2m | −PLN 21.0m | −PLN 12.6m | −PLN 14.0m | −PLN 11.6m | −PLN 21.5m | −PLN 19.8m | −PLN 13.3m |
| Free cash flow | PLN 73.3m | PLN 150.9m | PLN 102.6m | −PLN 5.1m | PLN 16.8m | PLN 11.2m | PLN 8.7m | −PLN 855,000 | −PLN 14.3m | PLN 10.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 121.9m | PLN 137.0m | PLN 202.2m | PLN 102.5m | PLN 204.4m | PLN 107.6m | PLN 151.8m | PLN 153.5m |
| Gross profit | PLN 43.4m | PLN 46.5m | PLN 102.5m | PLN 40.6m | PLN 79.5m | PLN 30.4m | PLN 60.8m | PLN 77.0m |
| Operating income | PLN 20.6m | PLN 26.4m | PLN 62.5m | PLN 17.6m | PLN 56.6m | PLN 12.2m | PLN 27.5m | PLN 55.1m |
| Net income | PLN 17.6m | PLN 23.7m | PLN 53.7m | PLN 15.6m | PLN 45.4m | PLN 11.6m | PLN 26.2m | PLN 44.6m |
| Diluted earnings per share | 0.12 | 0.16 | 0.36 | 0.10 | 0.30 | 0.08 | 0.17 | 0.30 |
| Cash from operations | PLN 33.0m | −PLN 67.0m | PLN 123.0m | PLN 31.0m | PLN 3.0m | −PLN 65.0m | PLN 148.0m | PLN 18.0m |
| Capital spending | −PLN 5.0m | −PLN 3.0m | −PLN 7.0m | −PLN 4.0m | −PLN 4.0m | −PLN 3.0m | −PLN 4.0m | −PLN 2.0m |
| Free cash flow | PLN 28.0m | −PLN 70.0m | PLN 116.0m | PLN 27.0m | −PLN 1.0m | −PLN 68.0m | PLN 144.0m | PLN 16.0m |
| Total assets | PLN 755.0m | PLN 744.4m | PLN 805.1m | PLN 686.8m | PLN 671.5m | PLN 719.8m | PLN 756.9m | PLN 583.0m |
| Cash and short-term investments | PLN 268.3m | PLN 243.0m | PLN 314.1m | PLN 196.9m | PLN 175.0m | PLN 171.4m | PLN 240.1m | PLN 97.8m |
| Debt | PLN 1.2m | PLN 1.2m | PLN 1.1m | PLN 1.1m | PLN 6.1m | PLN 1.1m | PLN 1.1m | PLN 1.2m |
| Shareholders' equity | PLN 629.0m | PLN 611.6m | PLN 588.0m | PLN 534.8m | PLN 519.2m | PLN 474.2m | PLN 461.9m | PLN 435.3m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 39.7% | 40.2% | 31.1% | 28.1% | 29.6% | 33.3% | — |
| Operating margin | 23.5% | 23.9% | 14.8% | 8.6% | 11.6% | 17.4% | — |
| Net margin | 20.5% | 19.8% | 12.1% | 6.2% | 9.1% | 13.2% | — |
| Return on equity | 21.5% | 21.8% | 12.6% | 6.5% | 8.2% | 11.6% | — |
| Return on assets | 15.7% | 13.3% | 8.1% | 4.9% | 5.6% | 7.5% | — |
| Free cash flow yield | 7.2% | 11.6% | 9.2% | 2.4% | 2.7% | 2.6% | — |
| Revenue growth | 20.9% | 35.1% | 13.7% | 25.1% | 11.7% | -7.9% | — |
| Earnings growth | 25.3% | 121.0% | 121.3% | -15.0% | -22.6% | 51.9% | — |
| Current ratio | 2.96x | 1.89x | 1.95x | 2.67x | 2.09x | 1.74x | — |
| Debt to equity | 0.00x | 0.00x | 0.04x | 0.10x | 0.09x | 0.20x | — |
| Equity ratio | 73.0% | 61.0% | 64.6% | 74.4% | 68.0% | 64.5% | — |
| Interest coverage | 106.37x | 67.96x | 17.49x | 7.72x | 22.65x | 14.67x | — |
| R&D as a share of sales | 0.8% | — | 0.5% | 0.6% | 0.6% | 0.7% | 0.5% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 22.9% | 21.0% | 9.9% |
| Operating income | 71.1% | 28.2% | 36.9% |
| Net income | 83.0% | 32.2% | 44.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 39.9% | 35.9% | 35.0% | 30.1% |
| Operating margin | 23.2% | 18.8% | 17.9% | 13.6% |
| Net margin | 20.2% | 16.0% | 14.9% | 11.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.5 | 6.5 | 8.1 | 16.3 | 6.7 | 6.6 | 5.8 | 14.7 | 46.4 | 13.3 |
| Price to sales | 1.9 | 1.3 | 1.0 | 1.0 | 0.6 | 0.9 | 0.5 | 0.4 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Jul 2009.
| FY2009 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|
| Paid in the year | 0.03 | 0.12 | 0.05 | 0.045 |
- 10-for-1 split · 10 Mar 2006
- 2-for-1 split · 29 Sept 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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