S 
2.58
-0.39%
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 42.0m
FY2016FY2025
Net income
−PLN 19.9m
FY2016FY2025
Free cash flow
−PLN 20.8m
FY2016FY2025
Shareholders' equity
PLN 124.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 42.0m | PLN 71.8m | PLN 58.6m | PLN 50.4m | PLN 41.2m | PLN 40.2m | PLN 39.1m | PLN 32.3m | PLN 31.4m | PLN 36.3m |
| Gross profit | PLN 13.0m | PLN 44.3m | PLN 35.2m | PLN 28.5m | PLN 22.7m | PLN 20.6m | PLN 21.3m | PLN 16.2m | PLN 14.0m | PLN 13.3m |
| Research and development | — | — | — | — | PLN 6,000 | PLN 15,000 | — | PLN 2.4m | PLN 2.1m | — |
| Operating income | −PLN 20.6m | PLN 12.4m | PLN 8.6m | PLN 9.8m | PLN 7.2m | PLN 5.9m | PLN 5.7m | −PLN 35.4m | PLN 4.9m | −PLN 27.8m |
| Net income | −PLN 19.9m | PLN 7.5m | PLN 4.8m | PLN 6.1m | PLN 4.2m | PLN 4.4m | PLN 2.5m | −PLN 32.4m | PLN 588,000 | −PLN 23.5m |
| Diluted earnings per share | -0.26 | 0.11 | 0.07 | 0.09 | 0.07 | 0.07 | 0.04 | -0.52 | 0.01 | -0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 304.1m | PLN 298.6m | PLN 265.9m | PLN 163.1m | PLN 116.8m | PLN 85.9m | PLN 81.1m | PLN 86.3m | PLN 121.0m | PLN 112.7m |
| Cash and short-term investments | PLN 1.7m | PLN 760,000 | PLN 2.2m | PLN 27.1m | PLN 19.5m | PLN 1.8m | PLN 660,000 | PLN 58,000 | PLN 2.3m | PLN 6.4m |
| Total liabilities | PLN 139.4m | PLN 177.2m | PLN 153.3m | PLN 57.5m | PLN 42.3m | PLN 48.6m | PLN 48.2m | PLN 55.9m | PLN 63.2m | PLN 111.5m |
| Debt | PLN 84.6m | PLN 80.4m | PLN 70.0m | PLN 15.1m | PLN 6.5m | PLN 13.3m | PLN 9.6m | PLN 12.7m | PLN 13.9m | PLN 63.3m |
| Shareholders' equity | PLN 124.7m | PLN 121.5m | PLN 112.6m | PLN 105.6m | PLN 74.6m | PLN 37.3m | PLN 32.9m | PLN 30.4m | PLN 57.8m | PLN 1.1m |
| Shares outstanding | 76m | 71m | 70m | 66m | 64m | 62m | 62m | 62m | 57m | 44m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 7.2m | PLN 13.7m | −PLN 5.3m | PLN 2.9m | −PLN 3.3m | PLN 343,000 | PLN 8.2m | −PLN 620,000 | PLN 4.4m | PLN 15.8m |
| Capital spending | −PLN 28.0m | −PLN 41.8m | −PLN 112.6m | −PLN 36.8m | −PLN 18.4m | −PLN 2.0m | −PLN 806,000 | −PLN 2.6m | −PLN 484,000 | −PLN 5.0m |
| Free cash flow | −PLN 20.8m | −PLN 28.1m | −PLN 117.9m | −PLN 33.8m | −PLN 21.7m | −PLN 1.7m | PLN 7.4m | −PLN 3.3m | PLN 3.9m | PLN 10.8m |
| Dividends paid | — | −PLN 2.2m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 12.9m | PLN 13.6m | PLN 17.5m | PLN 4.8m | PLN 6.3m | PLN 13.4m | PLN 29.2m | PLN 13.4m |
| Gross profit | PLN 7.4m | PLN 7.2m | PLN 9.5m | PLN 61,000 | PLN 4.2m | PLN 8.2m | PLN 19.0m | PLN 8.5m |
| Operating income | PLN 71,000 | −PLN 3.1m | −PLN 9.3m | −PLN 6.7m | −PLN 4.5m | −PLN 168,000 | PLN 9.4m | −PLN 30,000 |
| Net income | −PLN 2.8m | −PLN 3.6m | −PLN 6.9m | −PLN 7.7m | −PLN 4.8m | −PLN 538,000 | PLN 7.0m | −PLN 444,000 |
| Diluted earnings per share | -0.04 | -0.05 | -0.09 | -0.10 | -0.06 | -0.01 | 0.10 | -0.01 |
| Cash from operations | — | PLN 3.0m | PLN 11.0m | −PLN 15.0m | PLN 3.0m | PLN 8.0m | PLN 3.0m | PLN 7.0m |
| Capital spending | — | — | −PLN 9.0m | −PLN 4.0m | −PLN 10.0m | −PLN 3.0m | −PLN 5.0m | −PLN 5.0m |
| Free cash flow | — | — | PLN 2.0m | −PLN 19.0m | −PLN 7.0m | PLN 5.0m | −PLN 2.0m | PLN 2.0m |
| Total assets | PLN 295.3m | PLN 297.7m | PLN 304.1m | PLN 304.5m | PLN 303.3m | PLN 298.7m | PLN 298.6m | PLN 290.3m |
| Cash and short-term investments | PLN 350,000 | PLN 2.9m | PLN 1.7m | PLN 352,000 | PLN 2.1m | PLN 3,000 | PLN 760,000 | PLN 3.0m |
| Debt | PLN 88.4m | PLN 83.2m | PLN 82.0m | PLN 80.9m | PLN 82.6m | PLN 72.1m | PLN 77.8m | PLN 77.3m |
| Shareholders' equity | PLN 118.9m | PLN 121.2m | PLN 124.7m | PLN 130.6m | PLN 116.2m | PLN 120.9m | PLN 121.5m | PLN 113.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | 0.9% | -0.1% |
| Operating income | — | — | -4.7% |
| Net income | — | — | -6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 50.3% | 54.3% | 54.0% | 48.7% |
| Operating margin | -7.2% | 4.6% | 7.7% | -12.9% |
| Net margin | -10.9% | -0.7% | 2.3% | -17.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -13.9 | 42.4 | 63.0 | 64.8 | 66.7 | 125.7 | 26.3 | -2.0 | 142.7 | -2.1 |
| Price to sales | 6.6 | 4.5 | 5.1 | 7.8 | 6.9 | 13.9 | 1.7 | 2.0 | 2.7 | 1.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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