T 
12.48
+10.44%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 907.7m
FY2016FY2025
Net income
PLN 87.2m
FY2016FY2025
Free cash flow
PLN 61.0m
FY2016FY2025
Shareholders' equity
PLN 556.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 907.7m | PLN 821.0m | PLN 732.4m | PLN 762.6m | PLN 686.7m | PLN 542.1m | PLN 440.0m | PLN 380.7m | PLN 347.5m | PLN 310.2m |
| Gross profit | PLN 308.5m | PLN 258.9m | PLN 244.1m | PLN 242.7m | PLN 231.4m | PLN 189.0m | PLN 158.2m | PLN 140.5m | PLN 124.4m | PLN 107.3m |
| Operating income | PLN 111.3m | PLN 83.5m | PLN 88.8m | PLN 97.6m | PLN 98.9m | PLN 82.1m | PLN 58.2m | PLN 55.4m | PLN 50.8m | PLN 41.2m |
| Net income | PLN 87.2m | PLN 68.4m | PLN 68.3m | PLN 70.2m | PLN 77.4m | PLN 64.9m | PLN 44.8m | PLN 43.8m | PLN 40.3m | PLN 32.9m |
| Diluted earnings per share | 1.16 | 0.91 | 0.91 | 0.94 | 1.03 | 0.87 | 0.60 | 0.58 | 0.54 | 0.42 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 748.3m | PLN 787.2m | PLN 553.4m | PLN 590.8m | PLN 602.4m | PLN 394.9m | PLN 376.6m | PLN 346.1m | PLN 264.0m | PLN 236.3m |
| Cash and short-term investments | PLN 63.4m | PLN 39.1m | PLN 69.9m | PLN 38.8m | PLN 38.9m | PLN 34.0m | PLN 17.5m | PLN 15.1m | PLN 8.9m | PLN 7.4m |
| Total liabilities | PLN 192.0m | PLN 297.3m | PLN 133.5m | PLN 220.1m | PLN 301.7m | PLN 157.2m | PLN 148.2m | PLN 161.4m | PLN 88.7m | PLN 68.1m |
| Debt | PLN 37.8m | PLN 73.9m | PLN 31.9m | PLN 108.1m | PLN 124.5m | PLN 62.3m | PLN 72.7m | PLN 84.5m | PLN 29.6m | PLN 31.1m |
| Shareholders' equity | PLN 556.3m | PLN 489.9m | PLN 420.0m | PLN 370.7m | PLN 300.7m | PLN 46.9m | PLN 228.4m | PLN 184.7m | PLN 175.3m | PLN 168.1m |
| Shares outstanding | 75m | 75m | 75m | 75m | 75m | 75m | 75m | 75m | 75m | 78m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 67.8m | −PLN 40.1m | PLN 140.3m | PLN 55.5m | −PLN 1.5m | PLN 116.9m | PLN 42.2m | −PLN 6.7m | PLN 38.2m | PLN 11.5m |
| Capital spending | −PLN 6.8m | −PLN 17.7m | −PLN 11.1m | −PLN 21.7m | −PLN 29.0m | −PLN 9.4m | −PLN 7.0m | −PLN 3.9m | −PLN 3.7m | −PLN 2.9m |
| Free cash flow | PLN 61.0m | −PLN 57.7m | PLN 129.3m | PLN 33.8m | −PLN 30.6m | PLN 107.4m | PLN 35.2m | −PLN 10.6m | PLN 34.5m | PLN 8.6m |
| Dividends paid | — | — | — | — | −PLN 21.8m | −PLN 60.0m | −PLN 60.0m | −PLN 35.3m | −PLN 35.3m | −PLN 28.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 276.8m | PLN 245.3m | PLN 219.6m | PLN 224.8m | PLN 231.3m | PLN 231.9m | PLN 210.9m | PLN 212.2m |
| Gross profit | PLN 94.3m | PLN 80.0m | PLN 83.5m | PLN 69.0m | PLN 78.4m | PLN 77.6m | PLN 65.7m | PLN 72.4m |
| Operating income | PLN 38.3m | PLN 28.8m | PLN 24.3m | PLN 23.8m | PLN 31.2m | PLN 31.3m | PLN 16.9m | PLN 23.9m |
| Net income | PLN 29.0m | PLN 22.6m | PLN 19.0m | PLN 18.7m | PLN 24.9m | PLN 24.6m | PLN 13.3m | PLN 18.5m |
| Diluted earnings per share | 0.39 | 0.31 | 0.25 | 0.25 | 0.33 | 0.33 | 0.18 | 0.25 |
| Cash from operations | PLN 37.0m | −PLN 10.0m | −PLN 12.0m | PLN 12.0m | PLN 63.0m | PLN 4.0m | PLN 14.0m | −PLN 50.0m |
| Capital spending | −PLN 45.0m | −PLN 2.0m | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | −PLN 2.0m | −PLN 5.0m | −PLN 2.0m |
| Free cash flow | −PLN 8.0m | −PLN 12.0m | −PLN 13.0m | PLN 11.0m | PLN 62.0m | PLN 2.0m | PLN 9.0m | −PLN 52.0m |
| Total assets | PLN 894.9m | PLN 752.9m | PLN 748.3m | PLN 708.2m | PLN 726.6m | PLN 736.7m | PLN 787.2m | PLN 750.1m |
| Cash and short-term investments | PLN 115.6m | PLN 64.4m | PLN 63.4m | PLN 61.5m | PLN 85.4m | PLN 40.8m | PLN 39.1m | PLN 33.1m |
| Debt | PLN 106.0m | PLN 43.1m | PLN 25.6m | PLN 9.0m | PLN 39.9m | PLN 44.3m | PLN 54.1m | PLN 45.8m |
| Shareholders' equity | PLN 617.3m | PLN 586.1m | PLN 556.3m | PLN 534.6m | PLN 516.8m | PLN 506.8m | PLN 489.9m | PLN 472.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.0% | 10.9% | 12.4% |
| Operating income | 4.5% | 6.3% | 13.1% |
| Net income | 7.5% | 6.1% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.8% | 32.7% | 33.1% | 33.8% |
| Operating margin | 11.3% | 11.8% | 12.6% | 12.9% |
| Net margin | 9.0% | 9.1% | 9.8% | 10.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.3 | 7.9 | 9.2 | 5.6 | 7.8 | 6.7 | 8.7 | 12.0 | 20.1 | 14.7 |
| Price to sales | 0.8 | 0.7 | 0.9 | 0.5 | 0.9 | 0.8 | 0.9 | 1.4 | 2.3 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 26 Jul 2021.
| FY2021 | FY2020 | FY2018 | FY2016 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.29 | 0.80 | 0.47 | 0.36 | 0.19 | 0.14 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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