9.98
+1.11%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 3.79bn
FY2016FY2025
Net income
PLN 39.4m
FY2016FY2025
Free cash flow
−PLN 89.9m
FY2016FY2025
Shareholders' equity
PLN 776.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 3.79bn | PLN 4.46bn | PLN 5.49bn | PLN 5.39bn | PLN 4.27bn | PLN 4.08bn | PLN 4.66bn | PLN 5.06bn | PLN 4.65bn | PLN 4.37bn |
| Operating income | PLN 6.2m | −PLN 2.69bn | PLN 291.4m | PLN 333.3m | −PLN 210.1m | −PLN 313.9m | PLN 143.4m | PLN 277.6m | PLN 155.0m | −PLN 132.1m |
| Net income | PLN 39.4m | −PLN 2.41bn | PLN 82.1m | PLN 148.0m | −PLN 225.3m | −PLN 224.3m | PLN 36.0m | PLN 183.9m | PLN 81.7m | −PLN 133.8m |
| Diluted earnings per share | 0.88 | -53.87 | 1.83 | 3.30 | -5.55 | -5.01 | 0.80 | 4.11 | 1.82 | -2.99 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 6.25bn | PLN 6.44bn | PLN 8.32bn | PLN 7.66bn | PLN 7.61bn | PLN 7.56bn | PLN 7.99bn | PLN 6.81bn | PLN 6.64bn | PLN 6.49bn |
| Cash and short-term investments | PLN 399.8m | PLN 559.7m | PLN 263.7m | PLN 181.5m | PLN 254.5m | PLN 306.0m | PLN 501.2m | PLN 608.8m | PLN 780.4m | PLN 756.8m |
| Total liabilities | PLN 5.48bn | PLN 5.69bn | PLN 5.12bn | PLN 4.43bn | PLN 4.57bn | PLN 4.42bn | PLN 4.57bn | PLN 3.32bn | PLN 3.31bn | PLN 3.25bn |
| Debt | PLN 2.62bn | PLN 2.76bn | PLN 2.89bn | PLN 2.37bn | PLN 2.56bn | PLN 2.58bn | PLN 3.62bn | PLN 1.43bn | PLN 1.70bn | PLN 1.67bn |
| Shareholders' equity | PLN 776.5m | PLN 746.2m | PLN 3.20bn | PLN 3.23bn | PLN 3.04bn | PLN 3.14bn | PLN 3.42bn | PLN 3.48bn | PLN 3.33bn | PLN 3.24bn |
| Shares outstanding | 45m | 45m | 45m | 45m | 41m | 45m | 45m | 45m | 45m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 282.2m | PLN 1.03bn | PLN 1.21bn | PLN 1.02bn | PLN 699.8m | PLN 553.1m | PLN 806.5m | PLN 863.0m | PLN 600.7m | PLN 380.0m |
| Capital spending | −PLN 372.1m | −PLN 452.4m | −PLN 1.36bn | −PLN 856.9m | −PLN 808.5m | −PLN 719.0m | −PLN 1.05bn | −PLN 719.7m | −PLN 511.1m | −PLN 588.1m |
| Free cash flow | −PLN 89.9m | PLN 579.5m | −PLN 148.0m | PLN 161.5m | −PLN 108.7m | −PLN 165.9m | −PLN 239.3m | PLN 143.3m | PLN 89.6m | −PLN 208.0m |
| Dividends paid | — | — | — | — | — | — | −PLN 67.2m | −PLN 67.2m | −PLN 67.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 943.3m | PLN 897.0m | PLN 1.02bn | PLN 943.0m | PLN 893.3m | PLN 927.9m | PLN 1.09bn | PLN 1.07bn |
| Operating income | −PLN 21.1m | −PLN 58.7m | −PLN 84.6m | PLN 36.1m | PLN 75.1m | −PLN 20.4m | −PLN 1.90bn | −PLN 329.0m |
| Net income | PLN 163.6m | −PLN 45.8m | PLN 49.8m | PLN 7.5m | PLN 30.7m | −PLN 48.6m | −PLN 1.62bn | −PLN 342.6m |
| Diluted earnings per share | 3.65 | -1.02 | 1.11 | 0.17 | 0.69 | -1.09 | -36.10 | -7.65 |
| Cash from operations | PLN 172.0m | PLN 54.0m | PLN 28.0m | PLN 108.0m | PLN 54.0m | PLN 90.0m | PLN 141.0m | PLN 388.0m |
| Capital spending | −PLN 102.0m | −PLN 90.0m | −PLN 127.0m | −PLN 89.0m | −PLN 91.0m | −PLN 64.0m | −PLN 68.0m | −PLN 65.0m |
| Free cash flow | PLN 70.0m | −PLN 36.0m | −PLN 99.0m | PLN 19.0m | −PLN 37.0m | PLN 26.0m | PLN 73.0m | PLN 323.0m |
| Total assets | PLN 6.34bn | PLN 6.14bn | PLN 6.25bn | PLN 6.40bn | PLN 6.34bn | PLN 6.33bn | PLN 6.44bn | PLN 8.15bn |
| Cash and short-term investments | PLN 416.7m | PLN 387.1m | PLN 399.8m | PLN 536.8m | PLN 482.5m | PLN 529.2m | PLN 559.7m | PLN 464.3m |
| Debt | PLN 1.32bn | PLN 1.76bn | PLN 1.68bn | PLN 1.65bn | PLN 1.17bn | PLN 1.65bn | PLN 1.65bn | PLN 1.65bn |
| Shareholders' equity | PLN 901.5m | PLN 725.7m | PLN 776.5m | PLN 725.7m | PLN 709.8m | PLN 696.9m | PLN 746.2m | PLN 2.35bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.1% | -1.5% | -1.4% |
| Operating income | -73.5% | — | -19.7% |
| Net income | -35.7% | — | 2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -32.6% | -10.8% | -9.4% | -4.1% |
| Net margin | -28.8% | -11.2% | -9.4% | -4.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.1 | -0.3 | 8.0 | 4.4 | -2.5 | -2.7 | 25.5 | 10.7 | 30.2 | -15.7 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.4 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2019.
| FY2019 | FY2015 | FY2014 | |
|---|---|---|---|
| Paid in the year | 1.50 | 2.46 | 3.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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