6.90
-1.99%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 2.47bn
FY2016FY2025
Net income
−PLN 730.2m
FY2016FY2025
Free cash flow
−PLN 148.1m
FY2016FY2025
Shareholders' equity
−PLN 168.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 2.47bn | PLN 2.48bn | PLN 2.97bn | PLN 5.35bn | PLN 3.22bn | PLN 2.43bn | PLN 2.43bn | PLN 2.42bn | PLN 2.60bn | PLN 2.42bn |
| Gross profit | PLN 106.6m | PLN 102.2m | PLN 7.1m | PLN 422.6m | PLN 446.2m | PLN 328.2m | PLN 330.2m | PLN 289.9m | PLN 471.6m | PLN 419.7m |
| Operating income | −PLN 219.9m | −PLN 50.9m | −PLN 352.2m | −PLN 141.5m | PLN 161.3m | PLN 59.1m | PLN 73.6m | PLN 8.2m | PLN 128.4m | PLN 99.3m |
| Net income | −PLN 730.2m | −PLN 71.8m | −PLN 1.07bn | −PLN 135.4m | PLN 113.1m | PLN 116.4m | PLN 49.2m | −PLN 29.5m | PLN 109.0m | PLN 87.9m |
| Diluted earnings per share | -5.88 | -0.58 | -8.62 | -1.09 | 0.95 | 0.93 | 0.40 | -0.34 | 1.26 | 1.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 2.70bn | PLN 3.37bn | PLN 3.30bn | PLN 4.35bn | PLN 4.18bn | PLN 3.41bn | PLN 2.93bn | PLN 2.37bn | PLN 2.17bn | PLN 2.06bn |
| Cash and short-term investments | PLN 135.9m | PLN 128.9m | PLN 45.6m | PLN 51.0m | PLN 275.4m | PLN 64.3m | PLN 445.5m | PLN 163.2m | PLN 145.0m | PLN 106.4m |
| Total liabilities | PLN 2.80bn | PLN 2.71bn | PLN 2.55bn | PLN 2.48bn | PLN 2.32bn | PLN 1.66bn | PLN 1.60bn | PLN 1.17bn | PLN 1.04bn | PLN 985.7m |
| Debt | PLN 896.5m | PLN 862.2m | PLN 653.1m | PLN 655.0m | PLN 891.2m | PLN 721.5m | PLN 673.3m | PLN 388.5m | PLN 386.9m | PLN 372.1m |
| Shareholders' equity | −PLN 168.2m | PLN 657.5m | PLN 754.3m | PLN 1.87bn | PLN 1.85bn | PLN 1.74bn | PLN 1.13bn | PLN 1.09bn | PLN 1.15bn | PLN 1.10bn |
| Shares outstanding | 124m | 124m | 124m | 124m | 120m | 125m | 124m | 86m | 87m | 87m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 78.2m | PLN 1.02bn | PLN 1.47bn | PLN 1.03bn | PLN 1.03bn | PLN 171.3m | PLN 302.2m | PLN 193.7m | PLN 266.7m | PLN 260.0m |
| Capital spending | −PLN 69.8m | −PLN 100.6m | −PLN 111.2m | −PLN 198.7m | −PLN 163.1m | −PLN 1.77bn | −PLN 182.2m | −PLN 212.0m | −PLN 235.2m | −PLN 323.6m |
| Free cash flow | −PLN 148.1m | PLN 917.5m | PLN 1.36bn | PLN 833.1m | PLN 864.1m | −PLN 1.59bn | PLN 120.0m | −PLN 18.4m | PLN 31.5m | −PLN 63.6m |
| Dividends paid | — | — | — | — | — | — | — | −PLN 39.8m | −PLN 31.5m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 735.3m | PLN 626.2m | PLN 565.5m | PLN 557.7m | PLN 694.1m | PLN 651.5m | PLN 587.2m | PLN 583.5m |
| Gross profit | PLN 95.6m | PLN 6.8m | −PLN 3.1m | PLN 42.4m | PLN 45.1m | PLN 27.0m | PLN 36.4m | PLN 31.0m |
| Operating income | PLN 26.7m | −PLN 22.7m | −PLN 168.2m | PLN 45.8m | −PLN 5.0m | −PLN 31.9m | PLN 77.3m | −PLN 26.9m |
| Net income | PLN 9.8m | −PLN 47.4m | −PLN 559.9m | −PLN 626,000 | −PLN 103.9m | −PLN 65.7m | PLN 34.0m | PLN 15.2m |
| Diluted earnings per share | 0.08 | -0.38 | -4.51 | -0.01 | -0.84 | -0.53 | 0.27 | 0.12 |
| Cash from operations | PLN 372.0m | PLN 401.0m | PLN 44.0m | −PLN 38.0m | PLN 75.0m | PLN 160.0m | PLN 276.0m | PLN 297.0m |
| Capital spending | −PLN 19.0m | −PLN 24.0m | −PLN 26.0m | −PLN 11.0m | −PLN 12.0m | −PLN 19.0m | −PLN 24.0m | −PLN 21.0m |
| Free cash flow | PLN 353.0m | PLN 377.0m | PLN 18.0m | −PLN 49.0m | PLN 63.0m | PLN 141.0m | PLN 252.0m | PLN 276.0m |
| Total assets | PLN 2.91bn | PLN 2.75bn | PLN 2.70bn | PLN 3.25bn | PLN 3.48bn | PLN 3.60bn | PLN 3.37bn | PLN 3.16bn |
| Cash and short-term investments | PLN 164.2m | PLN 132.8m | PLN 135.9m | PLN 116.5m | PLN 116.1m | PLN 126.2m | PLN 128.9m | PLN 53.8m |
| Debt | PLN 616.4m | PLN 749.2m | PLN 822.3m | PLN 798.5m | PLN 845.5m | PLN 914.7m | PLN 785.7m | PLN 736.4m |
| Shareholders' equity | −PLN 206.8m | −PLN 215.6m | −PLN 168.2m | PLN 486.2m | PLN 486.9m | PLN 591.7m | PLN 657.5m | PLN 635.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -22.7% | 0.3% | -1.0% |
| Operating income | 15.8% | — | — |
| Net income | 75.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 4.2% | 4.8% | 7.5% | 10.8% |
| Operating margin | -5.5% | -5.8% | -2.9% | -0.1% |
| Net margin | -16.2% | -15.1% | -9.4% | -4.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | -12.2 | -1.4 | -10.3 | 11.9 | 13.1 | 26.5 | -34.4 | 14.4 | 19.3 |
| Price to sales | 0.4 | 0.3 | 0.5 | 0.3 | 0.4 | 0.6 | 0.5 | 0.4 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 9 Jul 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | FY2013 | FY2006 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.462 | 0.366 | 0.488 | 0.27 | 0.584 | 0.296 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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