L 
7.46
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 308.0m
FY2016FY2025
Net income
PLN 14.2m
FY2016FY2025
Free cash flow
PLN 20.6m
FY2016FY2025
Shareholders' equity
PLN 252.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 308.0m | PLN 313.1m | PLN 339.6m | PLN 405.9m | PLN 412.2m | PLN 372.4m | PLN 320.8m | PLN 477.5m | PLN 478.7m | PLN 488.0m |
| Gross profit | PLN 83.4m | PLN 87.4m | PLN 86.9m | PLN 84.8m | PLN 116.6m | PLN 114.2m | PLN 87.5m | PLN 127.0m | PLN 131.1m | PLN 149.7m |
| Research and development | — | — | — | PLN 94,000 | PLN 79,000 | PLN 32,000 | PLN 34,000 | PLN 32,000 | PLN 32,000 | PLN 32,000 |
| Operating income | PLN 23.2m | PLN 27.5m | PLN 34.5m | PLN 26.3m | PLN 45.8m | PLN 53.8m | PLN 28.5m | PLN 33.7m | PLN 47.5m | PLN 55.8m |
| Net income | PLN 14.2m | PLN 17.8m | PLN 22.6m | PLN 16.6m | PLN 34.4m | PLN 39.4m | PLN 21.6m | PLN 28.5m | PLN 34.3m | PLN 68.1m |
| Diluted earnings per share | 0.42 | 0.51 | 0.62 | 0.42 | 0.78 | 0.90 | 0.49 | 0.58 | 0.70 | 1.39 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 464.2m | PLN 462.4m | PLN 444.8m | PLN 468.5m | PLN 555.6m | PLN 486.6m | PLN 500.2m | PLN 595.0m | PLN 623.5m | PLN 631.9m |
| Cash and short-term investments | PLN 51.4m | PLN 33.5m | PLN 38.0m | PLN 23.2m | PLN 60.1m | PLN 24.4m | PLN 65.1m | PLN 24.0m | PLN 35.1m | PLN 54.6m |
| Total liabilities | PLN 85.1m | PLN 84.8m | PLN 78.2m | PLN 87.9m | PLN 147.8m | PLN 126.1m | PLN 134.7m | PLN 155.8m | PLN 189.0m | PLN 224.0m |
| Debt | PLN 23.3m | PLN 19.6m | PLN 20.1m | PLN 21.6m | PLN 69.6m | PLN 57.6m | PLN 67.0m | PLN 80.4m | PLN 102.7m | PLN 141.5m |
| Shareholders' equity | PLN 252.3m | PLN 253.4m | PLN 251.7m | PLN 260.0m | PLN 286.6m | PLN 279.8m | PLN 289.1m | PLN 340.4m | PLN 337.9m | PLN 344.9m |
| Shares outstanding | 34m | 35m | 37m | 40m | 44m | 44m | 44m | 49m | 49m | 49m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 38.6m | PLN 31.9m | PLN 52.3m | PLN 854,000 | PLN 36.5m | PLN 56.9m | PLN 61.6m | PLN 61.7m | PLN 42.8m | PLN 52.5m |
| Capital spending | −PLN 18.0m | −PLN 13.8m | −PLN 8.7m | −PLN 17.7m | −PLN 24.1m | −PLN 35.7m | −PLN 14.1m | −PLN 16.3m | −PLN 33.6m | −PLN 71.4m |
| Free cash flow | PLN 20.6m | PLN 18.1m | PLN 43.6m | −PLN 16.8m | PLN 12.3m | PLN 21.3m | PLN 47.5m | PLN 45.5m | PLN 9.2m | −PLN 18.8m |
| Dividends paid | — | — | — | — | −PLN 13.2m | −PLN 44.0m | −PLN 44.0m | −PLN 26.9m | −PLN 24.4m | −PLN 24.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 85.2m | PLN 68.8m | PLN 68.0m | PLN 80.7m | PLN 85.0m | PLN 74.4m | PLN 73.5m | PLN 85.2m |
| Gross profit | PLN 27.7m | PLN 17.5m | PLN 20.5m | PLN 24.6m | PLN 23.6m | PLN 18.4m | PLN 18.5m | PLN 25.0m |
| Operating income | PLN 10.9m | PLN 2.0m | PLN 4.7m | PLN 8.6m | PLN 7.4m | PLN 2.7m | PLN 7.5m | PLN 9.6m |
| Net income | PLN 6.8m | PLN 2.6m | PLN 1.4m | PLN 5.2m | PLN 4.4m | PLN 3.3m | PLN 1.3m | PLN 4.2m |
| Diluted earnings per share | 0.20 | 0.08 | 0.04 | 0.15 | 0.13 | 0.10 | 0.04 | 0.12 |
| Cash from operations | PLN 19.0m | −PLN 1.0m | PLN 13.0m | PLN 14.0m | PLN 4.0m | PLN 6.0m | PLN 1.0m | PLN 12.0m |
| Capital spending | −PLN 5.0m | −PLN 4.0m | −PLN 3.0m | −PLN 2.0m | −PLN 8.0m | −PLN 3.0m | −PLN 2.0m | −PLN 5.0m |
| Free cash flow | PLN 14.0m | −PLN 5.0m | PLN 10.0m | PLN 12.0m | −PLN 4.0m | PLN 3.0m | −PLN 1.0m | PLN 7.0m |
| Total assets | PLN 484.0m | PLN 468.5m | PLN 464.2m | PLN 470.6m | PLN 462.2m | PLN 465.6m | PLN 462.4m | PLN 468.6m |
| Cash and short-term investments | PLN 57.7m | PLN 44.6m | PLN 51.4m | PLN 37.0m | PLN 21.9m | PLN 41.3m | PLN 33.5m | PLN 33.6m |
| Debt | PLN 3.0m | PLN 3.2m | PLN 3.5m | PLN 3.7m | PLN 1.2m | PLN 1.4m | PLN 1.5m | PLN 1.6m |
| Shareholders' equity | PLN 261.7m | PLN 254.9m | PLN 252.3m | PLN 251.2m | PLN 245.9m | PLN 256.3m | PLN 253.4m | PLN 252.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.8% | -3.7% | -2.8% |
| Operating income | -4.1% | -15.5% | -5.2% |
| Net income | -5.0% | -18.4% | -15.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.5% | 25.1% | 26.6% | 27.8% |
| Operating margin | 8.2% | 8.2% | 9.8% | 9.6% |
| Net margin | 5.2% | 5.2% | 6.7% | 8.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.2 | 14.2 | 12.4 | 18.8 | 12.1 | 12.7 | 15.3 | 12.7 | 11.3 | 7.4 |
| Price to sales | 0.8 | 0.8 | 0.8 | 0.8 | 1.0 | 1.4 | 1.0 | 0.8 | 0.8 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Jun 2021.
| FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.65 | 0.55 | 0.50 | 0.45 | 0.40 | 0.35 | 0.15 |
- 5-for-1 split · 22 Nov 2011
- 1-to-1 reverse split · 29 Sept 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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