P 
19.15
-0.26%
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
—
FY2018FY2025
Net income
−PLN 26.0m
FY2018FY2025
Free cash flow
−PLN 29.2m
FY2018FY2025
Shareholders' equity
PLN 43.3m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | PLN 350,000 | PLN 1.4m | PLN 999,000 | PLN 1.1m | PLN 700,000 | PLN 500,000 | — |
| Gross profit | −PLN 5.7m | −PLN 4.4m | −PLN 1.4m | −PLN 124,000 | PLN 817,000 | PLN 457,000 | PLN 222,000 | −PLN 105,000 |
| Operating income | −PLN 35.5m | −PLN 20.3m | −PLN 16.9m | −PLN 5.2m | −PLN 3.5m | −PLN 955,000 | −PLN 769,000 | −PLN 793,000 |
| Net income | −PLN 26.0m | −PLN 18.7m | −PLN 13.6m | −PLN 2.0m | −PLN 3.7m | −PLN 878,000 | −PLN 967,000 | −PLN 1.4m |
| Diluted earnings per share | -5.58 | -4.01 | -2.89 | -0.42 | -1.09 | -0.27 | -0.17 | -0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 73.0m | PLN 102.4m | PLN 127.1m | PLN 123.3m | PLN 109.1m | PLN 16.2m | PLN 6.8m | PLN 10.5m |
| Cash and short-term investments | PLN 17.8m | PLN 45.7m | PLN 66.0m | PLN 90.0m | PLN 103.9m | PLN 15.1m | PLN 5.2m | PLN 7.9m |
| Total liabilities | PLN 17.2m | PLN 33.1m | PLN 39.6m | PLN 22.3m | PLN 6.1m | PLN 3.4m | PLN 6.9m | PLN 9.7m |
| Debt | PLN 7.6m | PLN 8.0m | PLN 8.2m | PLN 7.9m | PLN 178,000 | PLN 763,000 | PLN 2.0m | PLN 4.1m |
| Shareholders' equity | PLN 43.3m | PLN 69.2m | PLN 87.5m | PLN 101.0m | PLN 103.0m | PLN 12.8m | −PLN 6,000 | PLN 764,000 |
| Shares outstanding | 5m | 5m | 5m | 5m | 3m | 3m | 6m | 6m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 28.7m | −PLN 16.0m | −PLN 13.3m | −PLN 8.6m | −PLN 3.8m | −PLN 2.8m | −PLN 1.2m | −PLN 1.0m |
| Capital spending | −PLN 543,000 | −PLN 8.8m | −PLN 31.6m | −PLN 7.6m | −PLN 3.0m | −PLN 3.0m | −PLN 421,000 | −PLN 103,000 |
| Free cash flow | −PLN 29.2m | −PLN 24.8m | −PLN 44.9m | −PLN 16.2m | −PLN 6.8m | −PLN 5.8m | −PLN 1.6m | −PLN 1.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 240,000 | — | — | — | — | — | — | PLN 250,000 |
| Gross profit | −PLN 5.0m | −PLN 1.4m | −PLN 1.4m | −PLN 1.4m | −PLN 1.9m | −PLN 1.4m | −PLN 1.5m | −PLN 971,000 |
| Operating income | −PLN 7.9m | −PLN 9.1m | −PLN 9.1m | −PLN 8.2m | −PLN 8.5m | −PLN 5.7m | −PLN 4.8m | −PLN 6.3m |
| Net income | −PLN 5.6m | −PLN 6.8m | −PLN 6.0m | −PLN 6.1m | −PLN 8.5m | −PLN 5.5m | −PLN 4.5m | −PLN 5.9m |
| Diluted earnings per share | -0.99 | -1.19 | -1.28 | -1.30 | -1.82 | -1.17 | -0.97 | -1.26 |
| Cash from operations | −PLN 6.0m | −PLN 8.0m | −PLN 6.0m | −PLN 7.0m | −PLN 9.0m | −PLN 4.0m | −PLN 5.0m | −PLN 5.0m |
| Total assets | PLN 75.1m | PLN 65.0m | PLN 73.0m | PLN 80.2m | PLN 87.3m | PLN 96.8m | PLN 102.4m | PLN 109.7m |
| Cash and short-term investments | PLN 22.6m | PLN 9.1m | PLN 17.8m | PLN 24.7m | PLN 30.9m | PLN 40.7m | PLN 45.7m | PLN 51.7m |
| Debt | PLN 539,000 | PLN 540,000 | PLN 519,000 | PLN 510,000 | PLN 479,000 | PLN 467,000 | PLN 468,000 | PLN 478,000 |
| Shareholders' equity | PLN 48.7m | PLN 36.6m | PLN 43.3m | PLN 49.5m | PLN 55.5m | PLN 63.9m | PLN 69.2m | PLN 73.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | 89.3% | 106.1% | — |
| Net income | 136.4% | 96.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | -4.4 | -9.1 | -17.2 | -108.7 | -62.9 |
| Price to sales | — | 488.3 | 166.8 | 213.9 | 213.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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