S 
8.44
-0.24%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 2.20bn
FY2016FY2025
Net income
PLN 6.7m
FY2016FY2025
Free cash flow
PLN 44.4m
FY2016FY2025
Shareholders' equity
PLN 504.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 2.20bn | PLN 1.70bn | PLN 1.53bn | PLN 2.22bn | PLN 1.65bn | PLN 1.55bn | PLN 1.43bn | PLN 1.45bn | PLN 1.12bn | PLN 800.3m |
| Gross profit | PLN 176.5m | PLN 132.2m | PLN 132.0m | PLN 218.0m | PLN 238.3m | PLN 128.2m | PLN 100.5m | PLN 122.1m | PLN 98.2m | PLN 61.8m |
| Research and development | PLN 420,000 | PLN 692,000 | PLN 1.7m | PLN 12.5m | PLN 1.8m | — | — | — | — | — |
| Operating income | PLN 27.3m | PLN 26.6m | PLN 37.1m | PLN 109.4m | PLN 150.5m | PLN 35.5m | PLN 28.4m | PLN 43.8m | PLN 39.9m | −PLN 5.5m |
| Net income | PLN 6.7m | PLN 14.5m | PLN 15.6m | PLN 78.7m | PLN 115.9m | PLN 21.2m | PLN 16.6m | PLN 28.9m | PLN 20.8m | −PLN 10.7m |
| Diluted earnings per share | 0.38 | 0.83 | 0.89 | 4.50 | 6.62 | 1.21 | 0.95 | 1.65 | 1.19 | -0.61 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 1.07bn | PLN 1.30bn | PLN 1.02bn | PLN 1.12bn | PLN 1.20bn | PLN 917.8m | PLN 942.7m | PLN 893.9m | PLN 768.6m | PLN 659.1m |
| Cash and short-term investments | PLN 41.1m | PLN 44.8m | PLN 108.8m | PLN 55.5m | PLN 76.9m | PLN 46.1m | PLN 7.2m | PLN 3.9m | PLN 34.4m | PLN 15.1m |
| Total liabilities | PLN 434.3m | PLN 691.9m | PLN 424.3m | PLN 535.4m | PLN 681.7m | PLN 514.4m | PLN 642.2m | PLN 605.8m | PLN 505.3m | PLN 414.8m |
| Debt | PLN 184.7m | PLN 226.8m | PLN 156.7m | PLN 200.5m | PLN 187.7m | PLN 160.1m | PLN 189.6m | PLN 200.2m | PLN 131.1m | PLN 87.1m |
| Shareholders' equity | PLN 504.9m | PLN 503.2m | PLN 494.1m | PLN 491.2m | PLN 433.4m | PLN 320.4m | PLN 300.5m | PLN 288.0m | PLN 263.3m | PLN 244.2m |
| Shares outstanding | 18m | 18m | 18m | 18m | 18m | 17m | 18m | 18m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 49.8m | −PLN 95.9m | PLN 154.9m | PLN 25.9m | PLN 24.7m | PLN 99.6m | PLN 66.9m | −PLN 74.2m | −PLN 13.6m | PLN 5.9m |
| Capital spending | −PLN 5.3m | −PLN 27.6m | −PLN 38.1m | −PLN 26.1m | −PLN 11.5m | −PLN 19.9m | −PLN 22.5m | −PLN 15.0m | −PLN 7.0m | −PLN 8.2m |
| Free cash flow | PLN 44.4m | −PLN 123.5m | PLN 116.8m | −PLN 155,000 | PLN 13.2m | PLN 79.7m | PLN 44.4m | −PLN 89.1m | −PLN 20.5m | −PLN 2.4m |
| Dividends paid | −PLN 5.3m | −PLN 5.3m | −PLN 12.9m | −PLN 22.6m | −PLN 2.8m | −PLN 1.2m | −PLN 4.0m | −PLN 4.3m | −PLN 2.7m | −PLN 700,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 452.9m | PLN 383.7m | PLN 461.4m | PLN 556.4m | PLN 609.6m | PLN 573.3m | PLN 611.2m | PLN 355.6m |
| Gross profit | PLN 45.1m | PLN 41.0m | PLN 43.1m | PLN 42.8m | PLN 47.6m | PLN 42.9m | PLN 36.5m | PLN 32.3m |
| Operating income | PLN 14.7m | PLN 8.0m | PLN 5.9m | PLN 4.0m | PLN 8.7m | PLN 8.4m | PLN 3.6m | PLN 6.8m |
| Net income | PLN 9.5m | PLN 19.1m | PLN 4.1m | −PLN 1.2m | PLN 2.5m | PLN 1.2m | PLN 1.8m | PLN 2.9m |
| Diluted earnings per share | 0.54 | 1.09 | 0.24 | -0.07 | 0.14 | 0.07 | 0.10 | 0.17 |
| Cash from operations | −PLN 46.0m | PLN 78.0m | PLN 31.0m | PLN 68.0m | −PLN 87.0m | PLN 46.0m | −PLN 106.0m | PLN 41.0m |
| Capital spending | −PLN 1.0m | — | — | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | −PLN 3.0m | −PLN 7.0m |
| Free cash flow | −PLN 47.0m | — | — | PLN 67.0m | −PLN 88.0m | PLN 45.0m | −PLN 109.0m | PLN 34.0m |
| Total assets | PLN 1.17bn | PLN 1.12bn | PLN 1.07bn | PLN 1.22bn | PLN 1.29bn | PLN 1.33bn | PLN 1.30bn | PLN 1.08bn |
| Cash and short-term investments | PLN 42.7m | PLN 25.0m | PLN 41.1m | PLN 32.7m | PLN 32.8m | PLN 64.6m | PLN 44.8m | PLN 36.8m |
| Debt | PLN 160.4m | PLN 85.6m | PLN 170.1m | PLN 192.6m | PLN 248.0m | PLN 187.2m | PLN 211.6m | PLN 89.1m |
| Shareholders' equity | PLN 515.9m | PLN 524.0m | PLN 504.9m | PLN 500.6m | PLN 501.7m | PLN 504.5m | PLN 503.2m | PLN 501.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.2% | 7.3% | 13.0% |
| Operating income | -37.1% | -5.2% | — |
| Net income | -56.1% | -20.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.9% | 8.6% | 9.4% | 8.9% |
| Operating margin | 1.4% | 2.6% | 3.6% | 3.0% |
| Net margin | 0.5% | 1.5% | 2.3% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.3 | 9.1 | 9.6 | 2.2 | 1.5 | 6.0 | 8.0 | 5.4 | 12.5 | -21.5 |
| Price to sales | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 26 years. Last went ex-dividend on 19 Aug 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.30 | 0.74 | 1.20 | 0.16 | 0.07 | 0.23 | 0.18 |
- 10-for-1 split · 15 Jul 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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