S 
34.40
-1.15%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 745.9m
FY2016FY2025
Net income
PLN 26.1m
FY2016FY2025
Free cash flow
−PLN 48.8m
FY2016FY2025
Shareholders' equity
PLN 227.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 745.9m | PLN 712.8m | PLN 683.7m | PLN 622.7m | PLN 463.2m | PLN 389.5m | PLN 451.5m | PLN 523.5m | PLN 483.9m | PLN 566.4m |
| Gross profit | PLN 163.4m | PLN 149.6m | PLN 153.1m | PLN 137.3m | PLN 104.3m | PLN 85.0m | PLN 111.0m | PLN 117.0m | PLN 61.6m | PLN 128.0m |
| Research and development | — | PLN 3.1m | PLN 2.7m | PLN 2.5m | PLN 2.8m | PLN 1.3m | PLN 3.0m | PLN 5.1m | PLN 4.6m | — |
| Operating income | PLN 42.5m | PLN 31.8m | PLN 40.5m | PLN 42.1m | PLN 24.0m | PLN 19.0m | PLN 22.9m | PLN 29.5m | −PLN 25.3m | PLN 31.8m |
| Net income | PLN 26.1m | PLN 24.3m | PLN 35.4m | PLN 30.6m | PLN 16.9m | PLN 13.8m | PLN 15.3m | PLN 19.1m | −PLN 41.9m | PLN 19.8m |
| Diluted earnings per share | 3.59 | 2.79 | 4.11 | 3.49 | 1.93 | 1.52 | 1.51 | 1.85 | -4.06 | 1.92 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 650.0m | PLN 708.9m | PLN 626.6m | PLN 581.7m | PLN 456.6m | PLN 450.5m | PLN 455.6m | PLN 473.4m | PLN 484.0m | PLN 518.7m |
| Cash and short-term investments | PLN 63.9m | PLN 145.8m | PLN 75.7m | PLN 73.9m | PLN 54.2m | PLN 52.6m | PLN 36.6m | PLN 53.6m | PLN 57.4m | PLN 41.4m |
| Total liabilities | PLN 419.8m | PLN 445.0m | PLN 380.9m | PLN 357.6m | PLN 263.1m | PLN 261.3m | PLN 266.0m | PLN 299.1m | PLN 332.8m | PLN 319.0m |
| Debt | PLN 153.1m | PLN 142.2m | PLN 93.0m | PLN 89.8m | PLN 68.3m | PLN 53.6m | PLN 44.2m | PLN 69.5m | PLN 81.5m | PLN 80.0m |
| Shareholders' equity | PLN 227.3m | PLN 261.2m | PLN 243.0m | PLN 221.7m | PLN 192.1m | PLN 181.2m | PLN 189.1m | PLN 174.4m | PLN 151.2m | PLN 200.3m |
| Shares outstanding | 7m | 9m | 9m | 9m | 9m | 9m | 10m | 10m | 10m | 10m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 13.0m | PLN 101.4m | PLN 58.6m | PLN 26.5m | PLN 9.6m | PLN 36.4m | PLN 36.6m | PLN 34.1m | PLN 16.3m | −PLN 6.3m |
| Capital spending | −PLN 35.8m | −PLN 41.3m | −PLN 21.9m | −PLN 13.2m | −PLN 10.3m | −PLN 11.5m | −PLN 12.1m | −PLN 24.4m | −PLN 19.0m | −PLN 15.0m |
| Free cash flow | −PLN 48.8m | PLN 60.1m | PLN 36.7m | PLN 13.3m | −PLN 749,000 | PLN 24.8m | PLN 24.6m | PLN 9.8m | −PLN 2.7m | −PLN 21.3m |
| Dividends paid | −PLN 8.7m | −PLN 8.6m | −PLN 8.5m | −PLN 2.5m | −PLN 4.9m | — | −PLN 4.0m | −PLN 4.0m | −PLN 4.9m | −PLN 3.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 175.4m | PLN 180.9m | PLN 176.6m | PLN 182.0m | PLN 200.4m | PLN 186.9m | PLN 179.4m | PLN 171.8m |
| Gross profit | PLN 35.0m | PLN 38.9m | PLN 41.4m | PLN 45.5m | PLN 42.2m | PLN 38.2m | PLN 44.7m | PLN 34.3m |
| Operating income | PLN 3.3m | PLN 9.8m | PLN 8.8m | PLN 14.6m | PLN 10.4m | PLN 8.4m | PLN 13.4m | PLN 6.5m |
| Net income | PLN 2.2m | PLN 6.1m | PLN 5.0m | PLN 11.8m | PLN 3.8m | PLN 5.5m | PLN 11.2m | PLN 3.6m |
| Diluted earnings per share | 0.31 | 0.85 | 0.68 | 1.62 | 0.53 | 0.76 | 1.28 | 0.42 |
| Cash from operations | −PLN 7.0m | −PLN 14.0m | PLN 53.0m | −PLN 22.0m | −PLN 8.0m | −PLN 29.0m | PLN 67.0m | PLN 33.0m |
| Capital spending | −PLN 7.0m | −PLN 6.0m | −PLN 11.0m | −PLN 9.0m | −PLN 7.0m | −PLN 7.0m | −PLN 6.0m | −PLN 14.0m |
| Free cash flow | −PLN 14.0m | −PLN 20.0m | PLN 42.0m | −PLN 31.0m | −PLN 15.0m | −PLN 36.0m | PLN 61.0m | PLN 19.0m |
| Total assets | PLN 723.1m | PLN 708.9m | PLN 650.0m | PLN 651.3m | PLN 662.7m | PLN 663.7m | PLN 708.9m | PLN 676.3m |
| Cash and short-term investments | PLN 60.1m | PLN 59.2m | PLN 63.9m | PLN 47.5m | PLN 98.4m | PLN 85.9m | PLN 145.8m | PLN 99.4m |
| Debt | PLN 165.4m | PLN 136.5m | PLN 122.2m | PLN 139.3m | PLN 113.5m | PLN 71.7m | PLN 102.8m | PLN 99.6m |
| Shareholders' equity | PLN 231.6m | PLN 236.5m | PLN 227.3m | PLN 222.6m | PLN 252.3m | PLN 262.2m | PLN 261.2m | PLN 245.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.2% | 13.9% | 4.5% |
| Operating income | 0.4% | 17.4% | — |
| Net income | -5.2% | 13.6% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.5% | 21.8% | 21.9% | 21.4% |
| Operating margin | 5.1% | 5.7% | 5.5% | 3.6% |
| Net margin | 3.5% | 4.2% | 4.1% | 1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.8 | 9.7 | 7.3 | 6.3 | 8.6 | 8.4 | 10.9 | 8.2 | -4.3 | 8.9 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 13 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 1.00 | 1.00 | 0.30 | 0.55 | 0.41 | 0.51 | 0.31 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.