Z 
23.10
+0.87%
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 394.4m
FY2016FY2025
Net income
PLN 8.1m
FY2016FY2025
Free cash flow
−PLN 7.4m
FY2016FY2025
Shareholders' equity
PLN 403.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 394.4m | PLN 429.8m | PLN 446.4m | PLN 507.2m | PLN 361.9m | PLN 297.7m | PLN 329.2m | PLN 363.6m | PLN 277.0m | PLN 244.1m |
| Gross profit | PLN 71.9m | PLN 66.8m | PLN 72.9m | PLN 117.3m | PLN 104.2m | PLN 66.6m | PLN 73.7m | PLN 91.3m | PLN 60.3m | PLN 50.7m |
| Research and development | — | — | — | PLN 593,000 | PLN 332,000 | PLN 462,000 | PLN 1.7m | PLN 1.8m | PLN 1.8m | PLN 19,000 |
| Operating income | PLN 17.3m | PLN 10.6m | PLN 33.5m | PLN 57.7m | PLN 52.4m | PLN 34.0m | PLN 34.6m | PLN 50.5m | PLN 22.3m | PLN 20.0m |
| Net income | PLN 8.1m | −PLN 1.1m | PLN 15.7m | PLN 44.7m | PLN 31.4m | PLN 27.6m | PLN 27.4m | PLN 26.8m | PLN 11.4m | PLN 25.0m |
| Diluted earnings per share | 1.45 | -0.19 | 3.08 | 9.22 | 6.75 | 6.12 | 6.29 | 6.15 | 1.63 | 3.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 623.1m | PLN 590.9m | PLN 683.6m | PLN 621.3m | PLN 521.4m | PLN 430.7m | PLN 441.1m | PLN 460.9m | PLN 469.6m | PLN 443.9m |
| Cash and short-term investments | PLN 49.8m | PLN 24.8m | PLN 85.3m | PLN 9.7m | PLN 33.7m | PLN 29.7m | PLN 26.3m | PLN 23.6m | PLN 5.8m | PLN 6.3m |
| Total liabilities | PLN 217.0m | PLN 189.9m | PLN 283.1m | PLN 244.3m | PLN 185.1m | PLN 123.6m | PLN 183.7m | PLN 203.4m | PLN 176.0m | PLN 146.0m |
| Debt | PLN 113.7m | PLN 75.4m | PLN 155.7m | PLN 80.9m | PLN 23.9m | PLN 34.1m | PLN 65.6m | PLN 86.4m | PLN 81.3m | PLN 53.2m |
| Shareholders' equity | PLN 403.1m | PLN 401.0m | PLN 400.5m | PLN 376.9m | PLN 336.3m | PLN 307.1m | PLN 257.5m | PLN 257.5m | PLN 293.6m | PLN 297.9m |
| Shares outstanding | 6m | 6m | 5m | 5m | 5m | 5m | 4m | 4m | 7m | 7m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 774,000 | PLN 43.3m | PLN 22.6m | −PLN 34.9m | PLN 38.4m | PLN 55.1m | PLN 63.6m | PLN 24.7m | PLN 8.5m | PLN 14.3m |
| Capital spending | −PLN 8.2m | −PLN 15.9m | −PLN 24.2m | −PLN 31.0m | −PLN 19.3m | −PLN 14.9m | −PLN 14.2m | −PLN 7.2m | −PLN 5.3m | −PLN 2.5m |
| Free cash flow | −PLN 7.4m | PLN 27.4m | −PLN 1.6m | −PLN 65.9m | PLN 19.1m | PLN 40.1m | PLN 49.4m | PLN 17.5m | PLN 3.2m | PLN 11.8m |
| Dividends paid | −PLN 6.1m | −PLN 5.6m | −PLN 7.9m | −PLN 10.9m | −PLN 7.2m | −PLN 4.5m | −PLN 5.7m | −PLN 4.8m | −PLN 7.0m | −PLN 4.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 96.0m | PLN 126.3m | PLN 102.7m | PLN 95.7m | PLN 91.0m | PLN 105.0m | PLN 108.7m | PLN 90.9m |
| Gross profit | PLN 19.5m | PLN 24.8m | PLN 20.6m | PLN 17.0m | PLN 18.3m | PLN 16.0m | PLN 19.2m | PLN 15.4m |
| Operating income | PLN 3.6m | PLN 11.2m | PLN 4.7m | PLN 5.3m | PLN 3.7m | PLN 3.7m | PLN 6.3m | PLN 7.9m |
| Net income | PLN 2.2m | PLN 10.3m | PLN 2.0m | PLN 3.8m | PLN 2.4m | −PLN 180,000 | PLN 5.5m | PLN 3.7m |
| Diluted earnings per share | 0.40 | 1.85 | 0.36 | 0.69 | 0.43 | -0.03 | 0.98 | 0.67 |
| Cash from operations | PLN 4.0m | PLN 28.0m | −PLN 21.0m | −PLN 2.0m | PLN 3.0m | PLN 24.0m | PLN 5.0m | PLN 22.0m |
| Capital spending | −PLN 2.0m | −PLN 3.0m | −PLN 2.0m | −PLN 2.0m | −PLN 1.0m | −PLN 1.0m | −PLN 3.0m | −PLN 3.0m |
| Free cash flow | PLN 2.0m | PLN 25.0m | −PLN 23.0m | −PLN 4.0m | PLN 2.0m | PLN 23.0m | PLN 2.0m | PLN 19.0m |
| Total assets | PLN 617.6m | PLN 618.7m | PLN 623.1m | PLN 600.3m | PLN 587.0m | PLN 579.3m | PLN 590.9m | PLN 602.8m |
| Cash and short-term investments | PLN 40.6m | PLN 45.0m | PLN 49.8m | PLN 46.1m | PLN 36.2m | PLN 29.4m | PLN 24.8m | PLN 54.3m |
| Debt | PLN 85.1m | PLN 84.4m | PLN 113.3m | PLN 85.8m | PLN 63.6m | PLN 58.4m | PLN 75.2m | PLN 104.7m |
| Shareholders' equity | PLN 409.3m | PLN 413.3m | PLN 403.1m | PLN 401.4m | PLN 397.6m | PLN 401.1m | PLN 401.0m | PLN 395.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.0% | 5.8% | 5.3% |
| Operating income | -33.1% | -12.7% | -0.0% |
| Net income | -43.5% | -21.8% | -4.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 16.8% | 18.5% | 20.5% | 21.3% |
| Operating margin | 3.4% | 6.7% | 8.4% | 9.0% |
| Net margin | 0.9% | 3.8% | 5.2% | 5.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.3 | -115.4 | 10.0 | 3.2 | 4.9 | 3.8 | 3.3 | 5.4 | 15.3 | 5.4 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 9 Jul 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.10 | 1.00 | 1.50 | 2.30 | 1.60 | 1.00 | 1.30 | 1.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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