P 
15.74
-0.13%
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
PLN 61.43bn
FY2016FY2025
Net income
−PLN 3.50bn
FY2016FY2025
Free cash flow
PLN 1.94bn
FY2016FY2025
Shareholders' equity
PLN 41.82bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 61.43bn | PLN 64.48bn | PLN 95.96bn | PLN 73.44bn | PLN 52.73bn | PLN 45.77bn | PLN 37.63bn | PLN 25.95bn | PLN 23.10bn | PLN 28.09bn |
| Research and development | — | — | — | PLN 1.0m | PLN 1.0m | PLN 1.0m | PLN 1.0m | PLN 1.0m | PLN 1.0m | PLN 1.0m |
| Operating income | −PLN 2.58bn | PLN 123.0m | −PLN 4.01bn | PLN 4.30bn | PLN 5.12bn | PLN 1.15bn | −PLN 4.42bn | PLN 2.47bn | PLN 3.62bn | PLN 3.51bn |
| Net income | −PLN 3.50bn | −PLN 3.16bn | −PLN 5.01bn | PLN 3.33bn | PLN 3.97bn | PLN 110.0m | −PLN 3.93bn | PLN 1.50bn | PLN 2.66bn | PLN 2.57bn |
| Diluted earnings per share | -1.56 | -1.41 | -2.23 | 1.56 | 2.12 | 0.06 | -2.08 | 0.79 | 1.42 | 1.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 105.37bn | PLN 103.99bn | PLN 113.44bn | PLN 105.78bn | PLN 88.97bn | PLN 81.59bn | PLN 77.65bn | PLN 75.91bn | PLN 72.11bn | PLN 67.47bn |
| Cash and short-term investments | PLN 10.57bn | PLN 4.36bn | PLN 6.03bn | PLN 11.89bn | PLN 6.73bn | PLN 4.23bn | PLN 1.22bn | PLN 1.21bn | PLN 2.46bn | PLN 2.57bn |
| Total liabilities | PLN 62.38bn | PLN 58.47bn | PLN 65.59bn | PLN 51.40bn | PLN 40.67bn | PLN 38.09bn | PLN 34.51bn | PLN 28.10bn | PLN 25.75bn | PLN 24.70bn |
| Debt | PLN 14.88bn | PLN 13.19bn | PLN 14.90bn | PLN 8.94bn | PLN 10.83bn | PLN 11.41bn | PLN 12.31bn | PLN 10.82bn | PLN 10.04bn | PLN 10.01bn |
| Shareholders' equity | PLN 41.82bn | PLN 44.47bn | PLN 46.87bn | PLN 53.54bn | PLN 47.49bn | PLN 42.52bn | PLN 42.29bn | PLN 46.73bn | PLN 45.19bn | PLN 42.68bn |
| Shares outstanding | 2,244m | 2,244m | 2,244m | 2,130m | 1,870m | 1,820m | 1,884m | 1,891m | 1,876m | 1,874m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 13.49bn | PLN 10.81bn | PLN 3.27bn | PLN 11.61bn | PLN 7.46bn | PLN 10.26bn | PLN 6.82bn | PLN 5.10bn | PLN 7.93bn | PLN 6.39bn |
| Capital spending | −PLN 11.54bn | −PLN 10.35bn | −PLN 9.73bn | −PLN 6.66bn | −PLN 4.68bn | −PLN 5.93bn | −PLN 6.91bn | −PLN 6.39bn | −PLN 6.07bn | −PLN 7.93bn |
| Free cash flow | PLN 1.94bn | PLN 460.0m | −PLN 6.46bn | PLN 4.95bn | PLN 2.77bn | PLN 4.33bn | −PLN 87.0m | −PLN 1.29bn | PLN 1.86bn | −PLN 1.54bn |
| Dividends paid | — | — | — | −PLN 3.0m | −PLN 2.0m | −PLN 2.0m | −PLN 4.0m | −PLN 34.0m | −PLN 1.0m | −PLN 471.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 15.26bn | PLN 17.45bn | PLN 16.68bn | PLN 13.79bn | PLN 13.80bn | PLN 17.17bn | PLN 17.63bn | PLN 15.56bn |
| Operating income | PLN 2.65bn | PLN 3.01bn | −PLN 492.0m | PLN 1.50bn | −PLN 6.78bn | PLN 3.26bn | PLN 3.35bn | PLN 1.30bn |
| Net income | PLN 2.02bn | PLN 1.94bn | PLN 3.14bn | PLN 552.0m | −PLN 9.61bn | PLN 2.42bn | −PLN 5.91bn | PLN 728.0m |
| Diluted earnings per share | 0.90 | 0.86 | 1.40 | 0.25 | -4.28 | 1.08 | -2.63 | 0.32 |
| Cash from operations | PLN 7.70bn | PLN 944.0m | PLN 38.0m | PLN 1.31bn | PLN 7.39bn | PLN 4.74bn | −PLN 3.81bn | PLN 8.51bn |
| Capital spending | −PLN 2.46bn | −PLN 1.83bn | −PLN 4.33bn | −PLN 2.96bn | −PLN 2.36bn | −PLN 1.89bn | −PLN 2.96bn | −PLN 2.70bn |
| Free cash flow | PLN 5.24bn | −PLN 887.0m | −PLN 4.30bn | −PLN 1.64bn | PLN 5.04bn | PLN 2.85bn | −PLN 6.77bn | PLN 5.82bn |
| Total assets | PLN 109.96bn | PLN 108.41bn | PLN 105.37bn | PLN 95.82bn | PLN 99.60bn | PLN 104.71bn | PLN 103.99bn | PLN 104.47bn |
| Cash and short-term investments | PLN 14.20bn | PLN 8.45bn | PLN 10.57bn | PLN 13.49bn | PLN 14.34bn | PLN 5.20bn | PLN 4.36bn | PLN 8.19bn |
| Debt | PLN 14.18bn | PLN 13.85bn | PLN 13.30bn | PLN 12.37bn | PLN 11.15bn | PLN 10.11bn | PLN 11.91bn | PLN 9.67bn |
| Shareholders' equity | PLN 46.77bn | PLN 45.35bn | PLN 41.82bn | PLN 38.33bn | PLN 37.48bn | PLN 47.20bn | PLN 44.47bn | PLN 49.31bn |
Financial ratios
Data as of 25 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating margin | -4.2% | 0.2% | -4.2% | 5.9% | 9.7% | 2.5% | — | — | — |
| Net margin | -5.7% | -4.9% | -5.2% | 4.5% | 7.5% | 0.2% | — | — | — |
| Return on equity | -8.4% | -7.1% | -10.7% | 6.2% | 8.4% | 0.3% | — | — | — |
| Return on assets | -3.3% | -3.0% | -4.4% | 3.1% | 4.5% | 0.1% | — | — | — |
| Free cash flow yield | 84.7% | 71.6% | 44.0% | 65.1% | 49.3% | 67.5% | — | — | — |
| Revenue growth | -4.7% | -32.8% | 30.7% | 39.3% | 15.2% | 21.6% | — | — | — |
| Earnings growth | 10.6% | -36.9% | -250.6% | -16.2% | 3510.9% | -102.8% | — | — | — |
| Current ratio | 0.90x | 0.80x | 0.83x | 0.96x | 1.04x | 1.01x | — | — | — |
| Debt to equity | 0.32x | 0.27x | 0.29x | 0.15x | 0.21x | 0.25x | — | — | — |
| Equity ratio | 39.7% | 42.8% | 41.3% | 50.6% | 53.4% | 52.1% | — | — | — |
| Interest coverage | -2.07x | 0.15x | -5.37x | 6.59x | 16.58x | 4.09x | — | — | — |
| R&D as a share of sales | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.0% | 0.0% | -5.3% | -13.9% | -2.7% | 3.4% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.8% | 6.1% | 8.0% |
| Operating income | — | — | -3.3% |
| Net income | — | — | 1.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -1.9% | -0.7% | 1.0% | 1.1% |
| Net margin | -5.3% | -2.8% | -1.1% | -0.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.7 | -4.3 | -3.9 | 4.4 | 3.8 | 107.5 | -3.8 | 12.6 | 8.5 | 7.6 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | 0.7 | 1.0 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 22 Sept 2016.
| FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.25 | 0.78 | 1.10 | 0.86 | 1.83 | 0.65 | 0.76 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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