R 
5.80
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 107.8m
FY2016FY2025
Net income
−PLN 1.5m
FY2016FY2025
Free cash flow
PLN 2.6m
FY2016FY2025
Shareholders' equity
PLN 94.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 107.8m | PLN 109.3m | PLN 159.5m | PLN 151.0m | PLN 133.6m | PLN 121.0m | PLN 122.2m | PLN 135.8m | PLN 123.4m | PLN 114.4m |
| Gross profit | PLN 16.1m | PLN 11.9m | PLN 32.4m | PLN 24.2m | PLN 27.7m | PLN 23.8m | PLN 24.7m | PLN 32.5m | PLN 26.6m | PLN 27.2m |
| Research and development | — | — | PLN 475,000 | PLN 1.6m | PLN 876,000 | PLN 1.5m | PLN 1.2m | PLN 1.6m | PLN 1.4m | PLN 1.4m |
| Operating income | −PLN 1.4m | −PLN 6.7m | PLN 11.1m | PLN 6.0m | PLN 9.2m | PLN 9.2m | PLN 6.7m | PLN 12.0m | PLN 8.3m | PLN 8.0m |
| Net income | −PLN 1.5m | −PLN 7.5m | PLN 8.6m | PLN 1.2m | PLN 6.6m | PLN 7.7m | PLN 4.9m | PLN 9.2m | PLN 5.7m | PLN 6.2m |
| Diluted earnings per share | -0.16 | -0.79 | 0.88 | 0.13 | 0.70 | 0.81 | 0.51 | 0.96 | 0.60 | 0.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 130.3m | PLN 135.2m | PLN 144.3m | PLN 140.6m | PLN 127.2m | PLN 107.9m | PLN 107.1m | PLN 106.2m | PLN 97.2m | PLN 95.7m |
| Cash and short-term investments | PLN 1.0m | PLN 927,000 | PLN 1.4m | PLN 2.6m | PLN 4.7m | PLN 3.1m | PLN 1.8m | PLN 1.4m | PLN 1.5m | PLN 5.7m |
| Total liabilities | PLN 36.2m | PLN 38.5m | PLN 39.9m | PLN 44.2m | PLN 31.4m | PLN 18.9m | PLN 25.2m | PLN 24.9m | PLN 21.0m | PLN 20.4m |
| Debt | PLN 20.1m | PLN 22.5m | PLN 25.1m | PLN 16.5m | PLN 9.5m | PLN 2.9m | PLN 7.7m | PLN 4.2m | PLN 3.5m | PLN 4.2m |
| Shareholders' equity | PLN 94.0m | PLN 96.7m | PLN 104.5m | PLN 96.5m | PLN 94.6m | PLN 87.7m | PLN 80.5m | PLN 79.9m | PLN 74.9m | PLN 73.9m |
| Shares outstanding | 10m | 10m | 10m | 10m | 9m | 10m | 10m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 4.2m | PLN 16.0m | PLN 10,000 | −PLN 1.8m | PLN 8.3m | PLN 12.6m | PLN 13.4m | PLN 11.7m | PLN 4.4m | PLN 12.6m |
| Capital spending | −PLN 1.6m | −PLN 9.2m | −PLN 15.5m | −PLN 11.9m | −PLN 14.3m | −PLN 9.0m | −PLN 10.1m | −PLN 7.6m | −PLN 4.0m | −PLN 4.2m |
| Free cash flow | PLN 2.6m | PLN 6.8m | −PLN 15.5m | −PLN 13.7m | −PLN 6.0m | PLN 3.6m | PLN 3.3m | PLN 4.1m | PLN 412,000 | PLN 8.4m |
| Dividends paid | — | — | — | — | −PLN 91,000 | −PLN 91,000 | −PLN 4.2m | −PLN 3.9m | −PLN 3.9m | −PLN 5.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 28.1m | PLN 30.3m | PLN 25.4m | PLN 26.6m | PLN 28.5m | PLN 27.2m | PLN 26.9m | PLN 24.3m |
| Gross profit | PLN 4.9m | PLN 5.3m | PLN 4.4m | PLN 5.0m | PLN 4.6m | PLN 2.7m | PLN 2.7m | PLN 2.6m |
| Operating income | PLN 665,000 | PLN 724,000 | PLN 669,000 | PLN 870,000 | −PLN 90,000 | −PLN 1.9m | −PLN 1.8m | −PLN 1.7m |
| Net income | PLN 130,000 | PLN 491,000 | PLN 396,000 | PLN 416,000 | −PLN 315,000 | −PLN 2.0m | −PLN 1.9m | −PLN 2.2m |
| Diluted earnings per share | 0.01 | 0.05 | 0.04 | 0.04 | -0.03 | -0.21 | -0.20 | -0.23 |
| Cash from operations | −PLN 1.0m | PLN 2.0m | PLN 2.0m | PLN 1.0m | −PLN 1.0m | PLN 1.0m | — | — |
| Capital spending | — | — | — | — | — | — | −PLN 3.0m | — |
| Total assets | PLN 132.3m | PLN 133.3m | PLN 130.3m | PLN 129.3m | PLN 133.2m | PLN 132.1m | PLN 135.2m | PLN 130.3m |
| Cash and short-term investments | PLN 437,000 | PLN 424,000 | PLN 1.0m | PLN 426,000 | PLN 574,000 | PLN 582,000 | PLN 927,000 | PLN 999,000 |
| Debt | PLN 16.7m | PLN 14.6m | PLN 17.2m | PLN 17.7m | PLN 18.7m | PLN 16.5m | PLN 18.3m | PLN 12.9m |
| Shareholders' equity | PLN 94.8m | PLN 94.5m | PLN 94.0m | PLN 94.6m | PLN 94.2m | PLN 94.6m | PLN 96.7m | PLN 98.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.6% | -2.3% | -0.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.9% | 16.0% | 17.4% | 19.7% |
| Operating margin | -3.7% | 1.7% | 3.5% | 5.2% |
| Net margin | -4.2% | 0.1% | 1.9% | 3.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -34.4 | -6.7 | 8.2 | 46.6 | 11.2 | 7.1 | 10.5 | 8.0 | 12.7 | 12.3 |
| Price to sales | 0.5 | 0.5 | 0.4 | 0.4 | 0.6 | 0.5 | 0.4 | 0.6 | 0.6 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 6 Aug 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.42 | 0.40 | 0.40 | 0.50 | 0.38 | 0.25 | 0.37 | 0.20 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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