N 
2.25
0.00%
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.
Revenue
—
FY2016FY2025
Net income
−PLN 9.4m
FY2016FY2025
Free cash flow
−PLN 10.0m
FY2016FY2025
Shareholders' equity
PLN 8.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | PLN 2,100 | PLN 2,019 | PLN 139,549 | PLN 492,491 | PLN 687,507 | PLN 351,832 | PLN 110,289 | PLN 40,798 | — |
| Research and development | — | PLN 454,595 | PLN 12.1m | PLN 1.2m | PLN 5.1m | — | — | — | — | — |
| Operating income | −PLN 10.4m | −PLN 5.2m | −PLN 7.9m | −PLN 782,140 | −PLN 10.7m | −PLN 5.2m | −PLN 1.7m | −PLN 2.4m | −PLN 2.0m | −PLN 951,006 |
| Net income | −PLN 9.4m | −PLN 5.2m | −PLN 7.9m | −PLN 838,592 | −PLN 10.0m | −PLN 5.2m | −PLN 1.5m | −PLN 2.3m | −PLN 2.0m | −PLN 786,148 |
| Diluted earnings per share | -0.29 | -0.16 | -0.39 | -0.05 | -0.59 | -0.29 | -0.11 | -0.17 | -0.15 | -0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 40.6m | PLN 19.9m | PLN 8.6m | PLN 19.2m | PLN 20.3m | PLN 30.0m | PLN 26.4m | PLN 27.0m | PLN 22.6m | PLN 19.5m |
| Cash and short-term investments | PLN 15.5m | PLN 9.1m | PLN 537,612 | PLN 2.5m | PLN 4.0m | PLN 10.3m | PLN 2.0m | PLN 4.6m | PLN 5.6m | PLN 9.3m |
| Total liabilities | PLN 20.6m | PLN 4.0m | PLN 3.5m | PLN 11.4m | PLN 11.9m | PLN 11.3m | PLN 13.1m | PLN 11.5m | PLN 8.4m | PLN 6.7m |
| Debt | — | — | — | PLN 139,172 | PLN 285,315 | PLN 612,513 | PLN 652,122 | PLN 45,551 | PLN 69,435 | — |
| Shareholders' equity | PLN 8.7m | PLN 15.2m | PLN 4.5m | PLN 7.1m | PLN 7.7m | PLN 17.7m | PLN 12.3m | PLN 14.2m | PLN 12.8m | PLN 11.4m |
| Shares outstanding | 33m | 32m | 20m | 17m | 17m | 18m | 14m | 14m | 14m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 8.8m | −PLN 5.7m | −PLN 4.8m | −PLN 3.7m | −PLN 3.2m | −PLN 1.3m | −PLN 1.6m | −PLN 3.5m | −PLN 2.6m | −PLN 772,071 |
| Capital spending | −PLN 1.2m | −PLN 191,860 | −PLN 75,919 | −PLN 806,868 | −PLN 3.9m | −PLN 2.2m | −PLN 2.8m | −PLN 5.9m | −PLN 9.1m | −PLN 2.1m |
| Free cash flow | −PLN 10.0m | −PLN 5.9m | −PLN 4.8m | −PLN 4.5m | −PLN 7.1m | −PLN 3.5m | −PLN 4.4m | −PLN 9.3m | −PLN 11.7m | −PLN 2.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | PLN 159,000 | — | −PLN 6,900 | PLN 7,000 |
| Operating income | −PLN 7.5m | −PLN 2.3m | −PLN 3.9m | −PLN 2.0m | −PLN 2.5m | −PLN 1.9m | −PLN 1.3m | −PLN 1.2m |
| Net income | −PLN 4.3m | −PLN 2.2m | −PLN 3.8m | −PLN 1.1m | −PLN 2.7m | −PLN 1.8m | −PLN 1.3m | −PLN 1.2m |
| Diluted earnings per share | -0.10 | -0.05 | -0.12 | -0.03 | -0.08 | -0.06 | -0.04 | -0.04 |
| Cash from operations | −PLN 11.0m | −PLN 2.0m | −PLN 2.0m | −PLN 2.0m | −PLN 1.0m | −PLN 2.0m | −PLN 8.0m | PLN 5.0m |
| Capital spending | — | −PLN 1.0m | — | — | — | −PLN 1.0m | — | −PLN 1.0m |
| Free cash flow | — | −PLN 3.0m | — | — | — | −PLN 3.0m | — | PLN 4.0m |
| Total assets | PLN 32.0m | PLN 38.8m | PLN 40.6m | PLN 25.2m | PLN 16.6m | PLN 18.3m | PLN 19.9m | PLN 20.9m |
| Cash and short-term investments | PLN 8.0m | PLN 12.1m | PLN 15.5m | PLN 9.0m | PLN 2.2m | PLN 5.9m | PLN 9.1m | PLN 10.8m |
| Shareholders' equity | PLN 26.6m | PLN 31.0m | PLN 8.7m | PLN 11.4m | PLN 10.7m | PLN 13.4m | PLN 15.2m | PLN 9.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 136.9% | 14.8% | 32.3% |
| Net income | 124.2% | 12.7% | 29.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.2 | -17.9 | -2.4 | -24.8 | -6.1 | -15.2 | -13.8 | -14.5 | -21.8 |
| Price to sales | — | — | — | 149.3 | 123.1 | 114.7 | 60.5 | 308.8 | — |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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