M 
3.40
+0.29%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 127.4m
FY2016FY2025
Net income
PLN 994,949
FY2016FY2025
Free cash flow
PLN 10.0m
FY2016FY2025
Shareholders' equity
PLN 15.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 127.4m | PLN 106.9m | PLN 95.4m | PLN 81.8m | PLN 47.2m | PLN 41.5m | PLN 75.3m | PLN 66.5m | PLN 64.4m | PLN 58.9m |
| Gross profit | PLN 15.2m | PLN 15.5m | PLN 15.1m | PLN 13.3m | PLN 6.1m | −PLN 1.2m | PLN 11.5m | PLN 9.1m | PLN 9.1m | PLN 8.3m |
| Operating income | PLN 3.2m | PLN 5.6m | PLN 6.3m | PLN 9.9m | PLN 8.6m | −PLN 13.0m | PLN 4.1m | PLN 4.7m | PLN 4.8m | PLN 4.4m |
| Net income | PLN 994,949 | PLN 2.4m | PLN 3.9m | PLN 5.8m | PLN 6.2m | −PLN 12.2m | PLN 2.0m | PLN 3.3m | PLN 3.8m | PLN 3.7m |
| Diluted earnings per share | 0.13 | 0.32 | 0.50 | 0.76 | 0.81 | -1.59 | 0.26 | 0.43 | 0.50 | 0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 85.3m | PLN 80.3m | PLN 65.6m | PLN 64.5m | PLN 66.0m | PLN 54.8m | PLN 68.0m | PLN 30.5m | PLN 29.2m | PLN 29.3m |
| Cash and short-term investments | PLN 6.4m | PLN 6.6m | PLN 7.6m | PLN 7.6m | PLN 7.5m | PLN 4.4m | PLN 3.3m | PLN 3.9m | PLN 3.7m | PLN 5.0m |
| Total liabilities | PLN 68.7m | PLN 63.2m | PLN 48.9m | PLN 51.6m | PLN 58.2m | PLN 52.7m | PLN 54.0m | PLN 13.3m | PLN 13.1m | PLN 14.4m |
| Debt | PLN 54.4m | PLN 49.9m | PLN 38.4m | PLN 40.7m | PLN 48.7m | PLN 43.6m | PLN 35.8m | PLN 32.8m | PLN 6.3m | PLN 7.6m |
| Shareholders' equity | PLN 15.7m | PLN 15.5m | PLN 15.2m | PLN 12.6m | PLN 8.0m | PLN 3.4m | PLN 13.7m | PLN 17.4m | PLN 16.2m | PLN 14.8m |
| Shares outstanding | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 14.8m | PLN 15.0m | PLN 13.3m | PLN 14.7m | PLN 7.2m | PLN 2.1m | PLN 12.3m | PLN 4.7m | PLN 5.3m | PLN 5.2m |
| Capital spending | −PLN 4.7m | −PLN 5.5m | −PLN 2.0m | −PLN 2.8m | −PLN 403,391 | −PLN 830,570 | −PLN 3.4m | −PLN 2.1m | −PLN 1.0m | −PLN 2.6m |
| Free cash flow | PLN 10.0m | PLN 9.5m | PLN 11.3m | PLN 12.0m | PLN 6.8m | PLN 1.2m | PLN 8.8m | PLN 2.6m | PLN 4.2m | PLN 2.5m |
| Dividends paid | −PLN 843,197 | −PLN 2.7m | −PLN 1.7m | −PLN 1.1m | — | −PLN 50,000 | −PLN 1.5m | −PLN 1.3m | −PLN 2.5m | −PLN 2.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 34.5m | PLN 29.5m | PLN 34.0m | PLN 36.9m | PLN 30.5m | PLN 25.9m | PLN 27.4m | PLN 30.5m |
| Gross profit | PLN 3.4m | PLN 2.7m | PLN 4.5m | PLN 5.5m | PLN 3.2m | PLN 1.9m | PLN 2.8m | PLN 5.3m |
| Operating income | PLN 68,209 | −PLN 219,942 | PLN 964,023 | PLN 2.4m | PLN 128,991 | −PLN 739,227 | PLN 322,242 | PLN 3.0m |
| Net income | −PLN 685,864 | −PLN 840,832 | PLN 533,284 | PLN 1.0m | PLN 463,919 | −PLN 1.0m | −PLN 385,596 | PLN 1.8m |
| Diluted earnings per share | -0.09 | -0.11 | 0.07 | 0.13 | 0.06 | -0.13 | -0.05 | 0.24 |
| Cash from operations | PLN 4.0m | — | PLN 6.0m | PLN 3.0m | PLN 3.0m | PLN 2.0m | PLN 3.0m | PLN 3.0m |
| Capital spending | −PLN 2.0m | −PLN 1.0m | — | −PLN 1.0m | −PLN 2.0m | — | −PLN 1.0m | −PLN 2.0m |
| Free cash flow | PLN 2.0m | — | — | PLN 2.0m | PLN 1.0m | — | PLN 2.0m | PLN 1.0m |
| Total assets | PLN 90.1m | PLN 85.8m | PLN 85.3m | PLN 85.8m | PLN 84.1m | PLN 81.9m | PLN 80.3m | PLN 76.1m |
| Cash and short-term investments | PLN 5.8m | PLN 4.7m | PLN 6.4m | PLN 6.1m | PLN 7.1m | PLN 6.5m | PLN 6.6m | PLN 6.7m |
| Debt | PLN 16.3m | PLN 15.0m | PLN 13.2m | PLN 13.7m | PLN 14.4m | PLN 4.2m | PLN 12.1m | PLN 11.0m |
| Shareholders' equity | PLN 13.7m | PLN 14.8m | PLN 15.7m | PLN 15.1m | PLN 14.1m | PLN 14.5m | PLN 15.5m | PLN 15.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.9% | 25.1% | 9.3% |
| Operating income | -31.0% | — | -2.3% |
| Net income | -44.4% | — | -13.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.1% | 14.4% | 12.8% | 13.4% |
| Operating margin | 3.8% | 6.1% | 4.1% | 5.2% |
| Net margin | 1.5% | 3.2% | 1.4% | 3.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.8 | 11.8 | 7.9 | 2.9 | 2.9 | -0.8 | 11.4 | 8.9 | 8.3 | 13.8 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.2 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 26 May 2025.
| FY2025 | FY2024 | FY2023 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.11 | 0.27 | 0.14 | 0.19 | 0.17 | 0.32 | 0.33 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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