96.00
+3.23%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 293.2m
FY2015FY2024
Net income
PLN 60.5m
FY2015FY2024
Free cash flow
PLN 81.0m
FY2015FY2024
Shareholders' equity
PLN 283.6m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 293.2m | PLN 291.2m | PLN 225.4m | PLN 211.6m | PLN 204.1m | PLN 230.0m | PLN 234.6m | PLN 258.1m | PLN 322.3m | PLN 399.0m |
| Gross profit | PLN 118.1m | PLN 100.2m | PLN 76.0m | PLN 60.4m | PLN 64.8m | PLN 69.9m | PLN 70.3m | PLN 46.1m | −PLN 48.5m | PLN 42.4m |
| Operating income | PLN 63.8m | PLN 52.9m | PLN 37.8m | PLN 25.2m | PLN 38.0m | PLN 37.0m | PLN 29.9m | PLN 5.1m | −PLN 107.8m | −PLN 18.7m |
| Net income | PLN 60.5m | PLN 49.9m | PLN 29.7m | PLN 27.0m | PLN 46.6m | PLN 29.2m | PLN 15.9m | −PLN 11.3m | −PLN 123.3m | −PLN 26.7m |
| Diluted earnings per share | 2.66 | 2.20 | 1.31 | 1.19 | 2.06 | 1.29 | 0.74 | -0.96 | -10.86 | -2.35 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 408.0m | PLN 326.2m | PLN 282.5m | PLN 279.1m | PLN 296.4m | PLN 272.9m | PLN 341.0m | PLN 388.1m | PLN 446.2m | PLN 421.0m |
| Cash and short-term investments | PLN 131.1m | PLN 102.9m | PLN 34.5m | PLN 24.8m | PLN 38.5m | PLN 18.5m | PLN 34.8m | PLN 39.8m | PLN 62.9m | PLN 4.6m |
| Total liabilities | PLN 124.4m | PLN 105.6m | PLN 113.3m | PLN 137.4m | PLN 202.1m | PLN 207.2m | PLN 307.9m | PLN 353.3m | PLN 288.1m | PLN 198.6m |
| Debt | PLN 20.6m | PLN 29.0m | PLN 46.4m | PLN 67.3m | PLN 49.0m | PLN 42.9m | PLN 72.7m | PLN 69.4m | PLN 54.2m | PLN 65.0m |
| Shareholders' equity | PLN 283.6m | PLN 220.6m | PLN 169.2m | PLN 141.6m | PLN 94.3m | PLN 65.8m | PLN 33.1m | PLN 34.8m | PLN 158.1m | PLN 222.4m |
| Shares outstanding | 23m | 23m | 23m | 23m | 23m | 23m | 21m | 12m | 11m | 11m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 84.1m | PLN 96.1m | PLN 58.2m | PLN 44.7m | PLN 20.2m | PLN 51.9m | PLN 18.6m | −PLN 12.4m | −PLN 21.5m | PLN 85.7m |
| Capital spending | −PLN 3.1m | −PLN 5.1m | −PLN 4.4m | −PLN 8.0m | −PLN 2.0m | −PLN 1.9m | −PLN 1.8m | −PLN 2.0m | −PLN 12.5m | −PLN 13.3m |
| Free cash flow | PLN 81.0m | PLN 91.1m | PLN 53.8m | PLN 36.7m | PLN 18.3m | PLN 50.0m | PLN 16.8m | −PLN 14.4m | −PLN 34.0m | PLN 72.4m |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 84.6m | PLN 85.9m | PLN 72.5m | PLN 90.4m | PLN 71.4m | PLN 69.5m | PLN 62.0m | PLN 65.8m |
| Gross profit | PLN 39.6m | PLN 41.4m | PLN 28.1m | PLN 44.3m | PLN 30.1m | PLN 23.4m | PLN 20.3m | PLN 24.2m |
| Operating income | PLN 21.9m | PLN 24.8m | PLN 12.5m | PLN 29.2m | PLN 16.6m | PLN 9.7m | PLN 8.3m | PLN 15.2m |
| Net income | PLN 18.0m | PLN 20.0m | PLN 10.6m | PLN 32.1m | PLN 13.5m | PLN 7.4m | PLN 7.5m | PLN 20.2m |
| Diluted earnings per share | 0.79 | 0.88 | 0.47 | 1.41 | 0.59 | 0.32 | 0.33 | 0.88 |
| Total assets | PLN 435.3m | PLN 427.1m | PLN 405.4m | PLN 408.0m | PLN 366.3m | PLN 361.3m | PLN 366.7m | PLN 326.2m |
| Cash and short-term investments | PLN 161.6m | PLN 149.1m | PLN 132.1m | PLN 131.1m | PLN 88.1m | PLN 76.4m | PLN 77.5m | PLN 102.9m |
| Debt | PLN 5.5m | PLN 5.6m | PLN 5.0m | PLN 5.1m | PLN 6.2m | PLN 7.4m | PLN 9.9m | PLN 13.0m |
| Shareholders' equity | PLN 330.6m | PLN 312.5m | PLN 292.8m | PLN 283.6m | PLN 248.6m | PLN 235.2m | PLN 227.4m | PLN 220.6m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2011 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 46.0% | 40.3% | 34.4% | 28.5% | 31.7% | 30.4% | — |
| Operating margin | 29.0% | 24.2% | 15.9% | 12.0% | 24.1% | 16.0% | — |
| Net margin | 24.2% | 20.6% | 17.2% | 12.7% | 22.8% | 12.7% | — |
| Return on equity | 24.4% | 21.3% | 18.1% | 15.9% | 32.9% | 31.0% | — |
| Return on assets | 18.5% | 14.8% | 12.2% | 9.5% | 16.7% | 9.9% | — |
| Free cash flow yield | 5.8% | 4.5% | 4.0% | 2.5% | 1.1% | 2.8% | — |
| Revenue growth | 13.7% | 25.9% | 10.1% | 3.7% | -11.3% | -2.0% | — |
| Earnings growth | 33.4% | 51.3% | 48.2% | -42.1% | 59.4% | 83.4% | — |
| Current ratio | 2.30x | 1.67x | 1.65x | 1.10x | 1.02x | 0.86x | — |
| Debt to equity | 0.02x | 0.05x | 0.05x | 0.25x | 0.44x | 0.41x | — |
| Equity ratio | 75.9% | 69.5% | 67.6% | 59.9% | 50.8% | 31.8% | — |
| Interest coverage | 69.91x | 35.24x | 10.27x | 5.04x | 11.35x | 5.29x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.2% |
| Buybacks as a share of market value | -0.0% | 0.0% | -0.1% | -0.6% | 0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 5.0% | -3.7% |
| Operating income | 36.3% | 11.5% | 27.8% |
| Net income | 30.9% | 15.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 37.4% | 34.7% | 33.6% | 21.6% |
| Operating margin | 20.0% | 17.6% | 17.5% | 5.4% |
| Net margin | 18.9% | 16.4% | 16.7% | 3.0% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 26.1 | 19.0 | 16.6 | 7.5 | 4.4 | 2.0 | 3.6 | -2.9 | -0.5 | -2.9 |
| Price to sales | 5.4 | 3.3 | 2.2 | 0.9 | 1.0 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 2 Jul 2007.
| FY2007 | FY2006 | |
|---|---|---|
| Paid in the year | 1.00 | 1.00 |
- 3-for-1 split · 8 Jul 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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