O 
15.18
+2.71%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 272.9m
FY2016FY2025
Net income
−PLN 46.2m
FY2016FY2025
Free cash flow
PLN 14.1m
FY2016FY2025
Shareholders' equity
PLN 98.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 272.9m | PLN 321.0m | PLN 592.3m | PLN 455.3m | PLN 791.0m | PLN 853.4m | PLN 985.0m | PLN 982.6m | PLN 867.0m | PLN 712.1m |
| Gross profit | PLN 19.6m | PLN 33.1m | PLN 194.6m | PLN 139.2m | PLN 91.8m | PLN 103.0m | PLN 122.6m | PLN 90.3m | PLN 73.3m | PLN 88.6m |
| Operating income | −PLN 17.6m | PLN 8.2m | PLN 168.0m | PLN 131.3m | PLN 117.9m | −PLN 40.6m | −PLN 15.6m | −PLN 59.0m | PLN 28.9m | PLN 36.4m |
| Net income | −PLN 46.2m | −PLN 9.1m | PLN 157.2m | PLN 138.8m | PLN 104.5m | −PLN 106.5m | −PLN 111.2m | −PLN 106.8m | PLN 46.0m | PLN 9.2m |
| Diluted earnings per share | -3.53 | -0.69 | 12.00 | 10.59 | 7.97 | -8.87 | -9.27 | -8.90 | 3.84 | 0.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 710.9m | PLN 646.8m | PLN 696.8m | PLN 727.2m | PLN 639.3m | PLN 868.8m | PLN 1.95bn | PLN 1.28bn | PLN 1.37bn | PLN 879.5m |
| Cash and short-term investments | PLN 1.6m | PLN 1.6m | PLN 71.9m | PLN 38.3m | PLN 12.2m | PLN 18.4m | PLN 52.7m | PLN 51.0m | PLN 110.3m | PLN 135.7m |
| Total liabilities | PLN 611.3m | PLN 502.4m | PLN 505.8m | PLN 571.2m | PLN 633.7m | PLN 954.9m | PLN 1.61bn | PLN 898.6m | PLN 902.9m | PLN 572.3m |
| Debt | PLN 497.7m | PLN 428.1m | PLN 409.5m | PLN 448.0m | PLN 448.2m | PLN 578.8m | PLN 1.19bn | PLN 365.7m | PLN 391.1m | PLN 294.8m |
| Shareholders' equity | PLN 98.2m | PLN 144.4m | PLN 190.9m | PLN 154.3m | PLN 4.5m | −PLN 101.8m | PLN 5.3m | PLN 38.3m | PLN 130.7m | PLN 281.5m |
| Shares outstanding | 13m | 13m | 13m | 13m | 13m | 12m | 12m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 28.8m | PLN 23.6m | PLN 179.7m | PLN 90.4m | PLN 52.2m | PLN 36.1m | PLN 112.9m | PLN 60.9m | PLN 16.5m | PLN 57.7m |
| Capital spending | −PLN 14.7m | −PLN 30.9m | −PLN 31.9m | −PLN 25.8m | −PLN 10.9m | −PLN 23.8m | −PLN 27.2m | −PLN 60.2m | −PLN 79.2m | −PLN 37.5m |
| Free cash flow | PLN 14.1m | −PLN 7.3m | PLN 147.8m | PLN 64.6m | PLN 41.3m | PLN 12.3m | PLN 85.7m | PLN 620,949 | −PLN 62.7m | PLN 20.2m |
| Dividends paid | — | −PLN 37.5m | −PLN 121.3m | — | — | −PLN 972,000 | −PLN 204,000 | −PLN 344,012 | −PLN 344,000 | −PLN 10.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 67.0m | PLN 62.0m | PLN 74.9m | PLN 62.8m | PLN 63.2m | PLN 72.0m | PLN 86.6m | PLN 73.3m |
| Gross profit | PLN 19.5m | PLN 2.6m | PLN 10.3m | PLN 6.0m | PLN 1.1m | PLN 2.4m | PLN 8.6m | PLN 3.5m |
| Operating income | −PLN 165,000 | −PLN 4.5m | −PLN 4.1m | −PLN 1.2m | −PLN 2.8m | −PLN 6.1m | PLN 4.0m | −PLN 4.3m |
| Net income | −PLN 6.3m | −PLN 5.3m | −PLN 19.0m | −PLN 6.3m | −PLN 10.0m | −PLN 10.9m | −PLN 979,000 | −PLN 8.4m |
| Diluted earnings per share | -0.48 | -0.40 | -1.45 | -0.48 | -0.76 | -0.83 | -0.07 | -0.64 |
| Cash from operations | PLN 7.0m | −PLN 5.0m | PLN 8.0m | PLN 5.0m | PLN 17.0m | PLN 8.0m | PLN 8.0m | PLN 7.0m |
| Capital spending | −PLN 1.0m | — | — | −PLN 3.0m | −PLN 2.0m | −PLN 8.0m | −PLN 7.0m | −PLN 7.0m |
| Free cash flow | PLN 6.0m | — | — | PLN 2.0m | PLN 15.0m | PLN 0 | PLN 1.0m | PLN 0 |
| Total assets | PLN 638.9m | PLN 634.1m | PLN 710.9m | PLN 653.4m | PLN 643.7m | PLN 641.3m | PLN 646.8m | PLN 639.3m |
| Cash and short-term investments | — | PLN 1.7m | PLN 1.6m | PLN 2.0m | PLN 1.9m | PLN 2.0m | PLN 1.6m | PLN 2.9m |
| Debt | — | PLN 58.0m | PLN 45.9m | PLN 47.0m | PLN 46.0m | PLN 52.0m | PLN 41.6m | PLN 32.8m |
| Shareholders' equity | PLN 86.7m | PLN 92.9m | PLN 98.2m | PLN 117.2m | PLN 123.6m | PLN 133.6m | PLN 144.4m | PLN 145.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -15.7% | -20.4% | -9.6% |
| Operating income | — | -15.4% | — |
| Net income | — | -15.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.9% | 23.6% | 17.7% | 13.8% |
| Operating margin | -1.6% | 17.7% | 11.2% | 5.2% |
| Net margin | -9.3% | 14.7% | 7.3% | 1.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.3 | -22.8 | 3.0 | 1.7 | 1.1 | -0.5 | -0.5 | -0.5 | 5.6 | 33.8 |
| Price to sales | 0.6 | 0.7 | 0.8 | 0.5 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 20 May 2024.
| FY2024 | FY2023 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|
| Paid in the year | 2.86 | 9.26 | 0.875 | 0.875 | 0.875 |
- 8-for-1 split · 23 Dec 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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