M 
28.00
+2.19%
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.
Net income
PLN 15.5m
FY2015FY2024
Total assets
PLN 2.40bn
FY2015FY2024
Shareholders' equity
PLN 2.10bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | PLN 29.6m | PLN 195.0m | PLN 136.6m | PLN 358.3m | PLN 180.3m | PLN 151.0m | PLN 195.0m | PLN 120.0m | −PLN 80.1m | PLN 129.5m |
| Net income | PLN 15.5m | PLN 164.9m | PLN 143.3m | PLN 465.8m | PLN 134.4m | PLN 113.4m | PLN 137.5m | PLN 104.7m | −PLN 82.2m | PLN 121.5m |
| Diluted earnings per share | 0.30 | 3.14 | 2.75 | 9.26 | 2.74 | 2.19 | 2.60 | 1.76 | -1.34 | 1.82 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 2.40bn | PLN 2.37bn | PLN 2.23bn | PLN 2.06bn | PLN 1.79bn | PLN 1.53bn | PLN 1.54bn | PLN 1.36bn | PLN 1.34bn | PLN 1.40bn |
| Cash and short-term investments | PLN 29.6m | PLN 36.5m | PLN 37.9m | PLN 21.7m | PLN 39.5m | PLN 8.1m | PLN 5.2m | PLN 25.2m | PLN 107.3m | PLN 65.0m |
| Total liabilities | PLN 304.0m | PLN 286.7m | PLN 309.0m | PLN 256.0m | PLN 436.9m | PLN 255.8m | PLN 326.1m | PLN 271.4m | PLN 298.2m | PLN 243.1m |
| Debt | PLN 283.3m | PLN 256.5m | PLN 293.3m | PLN 226.1m | PLN 267.2m | PLN 145.4m | PLN 242.4m | PLN 255.7m | PLN 282.2m | PLN 230.7m |
| Shareholders' equity | PLN 2.10bn | PLN 2.08bn | PLN 1.92bn | PLN 1.81bn | PLN 1.36bn | PLN 1.27bn | PLN 1.21bn | PLN 1.09bn | PLN 1.04bn | PLN 1.15bn |
| Shares outstanding | 53m | 53m | 52m | 50m | 49m | 52m | 53m | 59m | 62m | 67m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | PLN 36.4m | PLN 10.6m | PLN 1.8m | PLN 10.1m | PLN 30.1m | PLN 22.1m | −PLN 29.5m | PLN 23.1m |
| Net income | PLN 32.7m | PLN 3.4m | PLN 8.8m | PLN 2.2m | PLN 19.5m | PLN 15.0m | −PLN 35.0m | PLN 19.6m |
| Diluted earnings per share | 0.62 | 0.07 | 0.17 | 0.04 | 0.37 | 0.29 | -0.67 | 0.37 |
| Total assets | PLN 2.40bn | PLN 2.35bn | PLN 2.34bn | PLN 2.44bn | PLN 2.47bn | PLN 2.45bn | PLN 2.40bn | PLN 2.43bn |
| Cash and short-term investments | PLN 3.1m | PLN 4.7m | PLN 9.0m | PLN 31.3m | PLN 74.9m | PLN 29.8m | PLN 29.6m | PLN 32.2m |
| Debt | PLN 272.9m | PLN 267.6m | PLN 252.5m | PLN 370.9m | PLN 319.7m | PLN 310.7m | PLN 280.9m | PLN 274.3m |
| Shareholders' equity | PLN 1.98bn | PLN 2.03bn | PLN 2.03bn | PLN 2.02bn | PLN 2.05bn | PLN 2.11bn | PLN 2.10bn | PLN 2.13bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 70.1% | 69.6% | 85.3% | 79.2% | 87.1% | 83.7% | — | — | — |
| Net margin | 37.4% | 33.4% | 71.2% | 81.9% | 113.3% | 62.1% | — | — | — |
| Return on equity | 2.2% | 0.7% | 7.9% | 7.5% | 25.8% | 9.9% | — | — | — |
| Return on assets | 1.9% | 0.6% | 7.0% | 6.4% | 22.6% | 7.5% | — | — | — |
| Revenue growth | 161.5% | -79.9% | 32.4% | -57.5% | 90.0% | 807.4% | — | — | — |
| Earnings growth | 193.3% | -90.6% | 15.1% | -69.2% | 246.7% | 18.5% | — | — | — |
| Current ratio | 0.38x | 2.70x | 2.20x | 0.40x | 0.42x | 0.47x | — | — | — |
| Debt to equity | 0.09x | 0.09x | 0.12x | 0.15x | 0.12x | 0.20x | — | — | — |
| Equity ratio | 86.7% | 87.3% | 87.9% | 86.1% | 87.6% | 75.6% | — | — | — |
| Interest coverage | 2.99x | 1.49x | 6.25x | 5.42x | 28.75x | 14.32x | — | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | -3.2% | -3.7% | 3.8% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -51.7% | -21.5% | -18.5% |
| Operating income | -56.4% | -27.8% | -21.9% |
| Net income | -67.8% | -32.8% | -26.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 80.8% | 84.9% | 86.2% | 90.6% |
| Net margin | 64.9% | 93.2% | 85.1% | 85.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 84.0 | 7.8 | 5.8 | 2.3 | 5.7 | 4.2 | 3.6 | 5.3 | -6.7 | 6.3 |
| Price to sales | 28.1 | 5.5 | 5.3 | 2.6 | 3.5 | 3.1 | 2.6 | 4.4 | -7.4 | 5.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 18 Sept 2025.
| FY2025 | FY2022 | FY2021 | |
|---|---|---|---|
| Paid in the year | 1.61 | 0.70 | 0.54 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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