M 
4.85
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 355.9m
FY2016FY2025
Net income
PLN 23.6m
FY2016FY2025
Free cash flow
−PLN 27.1m
FY2016FY2025
Shareholders' equity
PLN 330.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 355.9m | PLN 314.8m | PLN 309.6m | PLN 287.7m | PLN 232.4m | PLN 209.4m | PLN 282.2m | PLN 246.3m | PLN 247.4m | PLN 231.8m |
| Gross profit | PLN 221.7m | PLN 194.8m | PLN 186.6m | PLN 164.7m | PLN 126.7m | PLN 113.2m | PLN 161.1m | PLN 144.4m | PLN 137.0m | PLN 126.3m |
| Operating income | PLN 20.0m | PLN 17.6m | PLN 19.3m | PLN 28.1m | PLN 17.6m | −PLN 28.1m | PLN 13.3m | PLN 20.8m | PLN 21.2m | PLN 21.6m |
| Net income | PLN 23.6m | PLN 21.9m | PLN 18.4m | PLN 57.4m | PLN 18.3m | −PLN 30.6m | PLN 12.3m | PLN 17.4m | PLN 21.7m | PLN 35.8m |
| Diluted earnings per share | 0.91 | 0.87 | 0.71 | 2.21 | 0.56 | -1.18 | 0.45 | 0.73 | 0.73 | 1.18 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 408.7m | PLN 380.4m | PLN 352.8m | PLN 355.0m | PLN 352.4m | PLN 309.8m | PLN 307.7m | PLN 262.9m | PLN 241.9m | PLN 231.7m |
| Cash and short-term investments | PLN 22.3m | PLN 77.0m | PLN 75.9m | PLN 97.6m | PLN 74.8m | PLN 26.3m | PLN 16.2m | PLN 40.8m | PLN 70.1m | PLN 61.3m |
| Total liabilities | PLN 67.6m | PLN 75.4m | PLN 68.4m | PLN 88.4m | PLN 140.9m | PLN 120.9m | PLN 84.8m | PLN 46.8m | PLN 38.6m | PLN 42.8m |
| Debt | PLN 16.7m | PLN 13.8m | PLN 11.9m | PLN 15.0m | PLN 15.4m | PLN 60.7m | PLN 34.8m | PLN 182,000 | — | — |
| Shareholders' equity | PLN 330.0m | PLN 303.4m | PLN 284.4m | PLN 266.5m | PLN 211.5m | PLN 190.9m | PLN 225.2m | PLN 217.9m | PLN 203.3m | PLN 188.9m |
| Shares outstanding | 26m | 25m | 26m | 26m | 33m | 26m | 27m | 24m | 30m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 20.6m | −PLN 29.9m | PLN 29.2m | −PLN 18.0m | PLN 41.1m | PLN 34.5m | PLN 21.8m | −PLN 9.0m | PLN 33.5m | PLN 30.1m |
| Capital spending | −PLN 6.5m | −PLN 1.2m | −PLN 4.5m | −PLN 1.8m | −PLN 2.9m | −PLN 2.6m | −PLN 8.7m | −PLN 6.4m | −PLN 5.9m | −PLN 7.1m |
| Free cash flow | −PLN 27.1m | −PLN 31.0m | PLN 24.6m | −PLN 19.8m | PLN 38.3m | PLN 31.9m | PLN 13.1m | −PLN 15.4m | PLN 27.6m | PLN 22.9m |
| Dividends paid | — | — | — | — | — | — | — | — | — | −PLN 6.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 88.0m | PLN 87.6m | PLN 102.6m | PLN 89.0m | PLN 84.1m | PLN 80.1m | PLN 95.7m | PLN 70.7m |
| Gross profit | PLN 58.0m | PLN 53.3m | PLN 67.0m | PLN 53.6m | PLN 7.2m | PLN 45.9m | PLN 60.4m | PLN 41.5m |
| Operating income | PLN 4.0m | −PLN 2.7m | PLN 14.8m | −PLN 199,000 | PLN 4.6m | PLN 1.7m | PLN 11.1m | −PLN 369,000 |
| Net income | PLN 3.1m | −PLN 4.8m | PLN 17.1m | −PLN 445,000 | PLN 5.9m | PLN 1.1m | PLN 14.2m | PLN 676,000 |
| Diluted earnings per share | 0.12 | -0.19 | 0.66 | -0.02 | 0.23 | 0.04 | 0.56 | 0.03 |
| Cash from operations | −PLN 7.0m | −PLN 12.0m | −PLN 3.0m | −PLN 8.0m | PLN 1.0m | −PLN 11.0m | PLN 5.0m | −PLN 25.0m |
| Capital spending | — | — | −PLN 2.0m | −PLN 2.0m | −PLN 6.0m | — | −PLN 1.0m | — |
| Free cash flow | — | — | −PLN 5.0m | −PLN 10.0m | −PLN 5.0m | — | PLN 4.0m | — |
| Total assets | PLN 418.7m | PLN 399.3m | PLN 408.7m | PLN 388.1m | PLN 382.3m | PLN 368.8m | PLN 380.4m | PLN 347.1m |
| Cash and short-term investments | PLN 16.4m | PLN 19.5m | PLN 22.3m | PLN 20.8m | PLN 33.7m | PLN 50.6m | PLN 77.0m | PLN 68.4m |
| Debt | PLN 19.6m | PLN 13.7m | PLN 928,000 | PLN 780,000 | PLN 1.1m | PLN 1.8m | PLN 2.4m | PLN 1.8m |
| Shareholders' equity | PLN 326.6m | PLN 323.8m | PLN 330.0m | PLN 313.4m | PLN 309.1m | PLN 303.3m | PLN 303.4m | PLN 289.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 11.2% | 5.2% |
| Operating income | -10.7% | — | -4.4% |
| Net income | -25.7% | — | -6.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 62.1% | 60.6% | 58.9% | 57.8% |
| Operating margin | 5.6% | 6.7% | 4.4% | 6.2% |
| Net margin | 6.8% | 9.6% | 6.4% | 8.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.4 | 5.8 | 7.7 | 2.3 | 4.6 | -1.7 | 6.6 | 5.7 | 11.3 | 8.4 |
| Price to sales | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | 0.4 | 1.0 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 30 Jun 2016.
| FY2016 | |
|---|---|
| Paid in the year | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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