P 
1.84
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 101.3m
FY2016FY2025
Net income
PLN 5.3m
FY2016FY2025
Free cash flow
−PLN 27.4m
FY2016FY2025
Shareholders' equity
PLN 160.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 101.3m | PLN 99.2m | PLN 244.8m | PLN 82.6m | PLN 38.1m | PLN 62.7m | PLN 148.8m | PLN 135.1m | PLN 59.0m | PLN 51.9m |
| Gross profit | PLN 13.3m | PLN 20.9m | PLN 80.1m | PLN 9.6m | −PLN 4.3m | PLN 4.9m | PLN 29.4m | PLN 19.7m | PLN 6.6m | −PLN 1.9m |
| Research and development | — | — | — | — | PLN 11,000 | PLN 830,000 | PLN 1.3m | PLN 1.3m | — | — |
| Operating income | PLN 1.1m | PLN 3.8m | PLN 70.3m | PLN 4.1m | −PLN 6.3m | −PLN 693,000 | PLN 19.6m | PLN 12.6m | PLN 2.5m | −PLN 9.5m |
| Net income | PLN 5.3m | PLN 7.9m | PLN 62.3m | PLN 3.5m | −PLN 6.4m | PLN 219,000 | PLN 14.6m | PLN 8.6m | PLN 1.8m | −PLN 16.3m |
| Diluted earnings per share | 0.18 | 0.27 | 2.11 | 0.12 | -0.22 | 0.01 | 0.50 | 0.29 | 0.06 | -0.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 189.8m | PLN 201.7m | PLN 260.7m | PLN 145.7m | PLN 138.6m | PLN 151.4m | PLN 167.8m | PLN 179.5m | PLN 153.2m | PLN 144.5m |
| Cash and short-term investments | PLN 40.3m | PLN 52.4m | PLN 53.3m | PLN 13.3m | PLN 2.8m | PLN 9.1m | PLN 6.3m | PLN 9.8m | PLN 1.7m | PLN 701,000 |
| Total liabilities | PLN 27.8m | PLN 38.4m | PLN 91.3m | PLN 38.7m | PLN 36.2m | PLN 43.1m | PLN 58.4m | PLN 84.6m | PLN 67.1m | PLN 60.2m |
| Debt | PLN 7.2m | PLN 6.2m | PLN 10.4m | PLN 15.2m | PLN 16.2m | PLN 18.5m | PLN 19.7m | PLN 37.1m | PLN 31.1m | PLN 29.4m |
| Shareholders' equity | PLN 160.2m | PLN 162.5m | PLN 168.5m | PLN 106.3m | PLN 101.8m | PLN 107.6m | PLN 108.6m | PLN 94.0m | PLN 85.4m | PLN 83.5m |
| Shares outstanding | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 30m | 30m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 14.7m | PLN 33.9m | PLN 46.4m | PLN 9.4m | −PLN 2.9m | PLN 23.1m | PLN 13.8m | −PLN 3.7m | −PLN 9.1m | PLN 10.2m |
| Capital spending | −PLN 42.1m | −PLN 23.7m | −PLN 4.7m | −PLN 126,000 | −PLN 11.9m | −PLN 17.6m | −PLN 3.2m | −PLN 7.2m | −PLN 83,000 | −PLN 2.9m |
| Free cash flow | −PLN 27.4m | PLN 10.2m | PLN 41.7m | PLN 9.2m | −PLN 14.8m | PLN 5.5m | PLN 10.6m | −PLN 10.9m | −PLN 9.2m | PLN 7.3m |
| Dividends paid | — | −PLN 17.3m | −PLN 419,000 | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 8.8m | PLN 9.5m | PLN 10.7m | PLN 15.4m | PLN 40.9m | PLN 34.3m | PLN 28.2m | PLN 22.3m |
| Gross profit | −PLN 6.1m | −PLN 703,000 | −PLN 4.5m | PLN 88,000 | PLN 8.5m | PLN 9.1m | PLN 2.2m | PLN 4.8m |
| Operating income | −PLN 5.5m | −PLN 6.1m | −PLN 7.5m | −PLN 2.6m | PLN 5.3m | PLN 6.1m | −PLN 5.8m | PLN 3.3m |
| Net income | −PLN 4.3m | −PLN 5.7m | −PLN 6.5m | −PLN 1.8m | PLN 6.7m | PLN 6.9m | −PLN 2.9m | PLN 3.4m |
| Diluted earnings per share | -0.15 | -0.19 | -0.22 | -0.06 | 0.23 | 0.23 | -0.10 | 0.12 |
| Cash from operations | −PLN 7.0m | −PLN 3.0m | −PLN 10.0m | −PLN 8.0m | PLN 14.0m | PLN 19.0m | −PLN 7.0m | PLN 3.0m |
| Capital spending | — | −PLN 13.0m | −PLN 14.0m | −PLN 29.0m | −PLN 6.0m | −PLN 20.0m | −PLN 5.0m | −PLN 25.0m |
| Free cash flow | — | −PLN 16.0m | −PLN 24.0m | −PLN 37.0m | PLN 8.0m | −PLN 1.0m | −PLN 12.0m | −PLN 22.0m |
| Total assets | PLN 186.9m | PLN 190.7m | PLN 189.8m | PLN 194.7m | PLN 210.6m | PLN 209.2m | PLN 201.7m | PLN 197.0m |
| Cash and short-term investments | PLN 25.6m | PLN 29.3m | PLN 40.3m | PLN 45.4m | PLN 65.2m | PLN 51.1m | PLN 52.4m | PLN 65.8m |
| Debt | PLN 8.3m | PLN 7.2m | PLN 4.2m | PLN 4.1m | PLN 7.4m | PLN 5.4m | PLN 2.8m | PLN 7.1m |
| Shareholders' equity | PLN 150.2m | PLN 154.5m | PLN 160.2m | PLN 166.8m | PLN 168.7m | PLN 169.4m | PLN 162.5m | PLN 162.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.0% | 10.1% | 4.4% |
| Operating income | -34.8% | — | 6.8% |
| Net income | 14.2% | 88.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.0% | 23.5% | 19.8% | 16.8% |
| Operating margin | 2.4% | 15.0% | 11.5% | 9.0% |
| Net margin | 6.6% | 15.0% | 11.6% | 7.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.2 | 12.0 | 1.7 | 12.2 | -5.1 | 134.2 | 3.0 | 2.8 | 16.3 | -1.4 |
| Price to sales | 0.9 | 1.0 | 0.4 | 0.5 | 0.8 | 0.5 | 0.3 | 0.2 | 0.5 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Jun 2025.
| FY2025 | FY2024 | |
|---|---|---|
| Paid in the year | 0.25 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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