T 
13.85
+2.59%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 283.3m
FY2016FY2025
Net income
−PLN 1.7m
FY2016FY2025
Free cash flow
PLN 7.0m
FY2016FY2025
Shareholders' equity
PLN 138.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 283.3m | PLN 221.2m | PLN 205.5m | PLN 195.6m | PLN 120.3m | PLN 100.0m | PLN 261.6m | PLN 240.1m | PLN 225.6m | PLN 176.6m |
| Gross profit | PLN 23.5m | PLN 15.2m | PLN 15.3m | PLN 19.4m | PLN 11.8m | PLN 11.1m | PLN 32.7m | PLN 30.1m | PLN 29.0m | PLN 25.4m |
| Operating income | −PLN 3.9m | PLN 2.9m | PLN 4.0m | PLN 7.2m | PLN 1.6m | PLN 3.9m | PLN 19.8m | PLN 14.9m | PLN 16.3m | PLN 15.3m |
| Net income | −PLN 1.7m | PLN 2.5m | PLN 6.2m | PLN 6.5m | −PLN 985,000 | PLN 528,000 | PLN 12.0m | PLN 5.9m | PLN 10.5m | PLN 8.2m |
| Diluted earnings per share | -0.09 | 0.14 | 0.33 | 0.35 | -0.04 | 0.02 | 0.56 | 0.26 | 0.46 | 0.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 515.4m | PLN 241.6m | PLN 245.4m | PLN 237.4m | PLN 215.0m | PLN 278.6m | PLN 291.2m | PLN 247.2m | PLN 244.4m | PLN 188.3m |
| Cash and short-term investments | PLN 48.7m | PLN 43.5m | PLN 38.4m | PLN 53.0m | PLN 69.6m | PLN 41.7m | PLN 57.7m | PLN 48.5m | PLN 62.2m | PLN 20.1m |
| Total liabilities | PLN 376.7m | PLN 100.0m | PLN 104.7m | PLN 92.6m | PLN 74.5m | PLN 145.4m | PLN 169.6m | PLN 134.9m | PLN 133.3m | PLN 133.1m |
| Debt | PLN 245.1m | PLN 67.8m | PLN 68.8m | PLN 54.7m | PLN 45.0m | PLN 57.2m | PLN 124.7m | PLN 94.4m | PLN 90.6m | PLN 90.7m |
| Shareholders' equity | PLN 138.0m | PLN 140.9m | PLN 140.7m | PLN 144.8m | PLN 140.5m | PLN 133.2m | PLN 121.5m | PLN 112.3m | PLN 111.2m | PLN 55.2m |
| Shares outstanding | 19m | 19m | 19m | 19m | 22m | 23m | 21m | 23m | 23m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 10.7m | PLN 23.8m | PLN 19.6m | PLN 16.1m | PLN 12.5m | PLN 38.4m | PLN 42.3m | PLN 15.4m | PLN 12.7m | PLN 12.4m |
| Capital spending | −PLN 3.7m | −PLN 2.9m | −PLN 2.3m | −PLN 6.4m | −PLN 5.7m | −PLN 10.0m | −PLN 6.0m | −PLN 4.9m | −PLN 4.8m | −PLN 5.8m |
| Free cash flow | PLN 7.0m | PLN 20.9m | PLN 17.3m | PLN 9.7m | PLN 6.7m | PLN 28.4m | PLN 36.3m | PLN 10.6m | PLN 7.9m | PLN 6.6m |
| Dividends paid | — | −PLN 2.1m | −PLN 9.4m | −PLN 2.4m | −PLN 5.1m | −PLN 2.0m | −PLN 2.7m | −PLN 4.8m | −PLN 4.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 135.7m | PLN 123.7m | PLN 121.2m | PLN 55.6m | PLN 53.8m | PLN 52.7m | PLN 52.1m | PLN 57.6m |
| Gross profit | PLN 21.5m | PLN 14.0m | PLN 13.3m | PLN 5.1m | PLN 4.6m | PLN 4.1m | PLN 3.5m | PLN 5.7m |
| Operating income | PLN 3.4m | −PLN 771,000 | PLN 1.8m | −PLN 963,000 | −PLN 1.6m | PLN 436,000 | PLN 1.6m | PLN 3.1m |
| Net income | PLN 1.1m | −PLN 3.7m | PLN 31,000 | −PLN 1.4m | −PLN 1.3m | PLN 897,000 | PLN 398,000 | PLN 2.6m |
| Diluted earnings per share | 0.06 | -0.21 | 0.00 | -0.07 | -0.07 | 0.05 | 0.02 | 0.14 |
| Cash from operations | PLN 12.0m | PLN 2.0m | PLN 6.0m | PLN 2.0m | PLN 1.0m | PLN 1.0m | PLN 12.0m | PLN 7.0m |
| Capital spending | — | — | −PLN 2.0m | — | — | — | — | −PLN 1.0m |
| Free cash flow | — | — | PLN 4.0m | — | — | — | — | PLN 6.0m |
| Total assets | PLN 557.0m | PLN 531.4m | PLN 515.4m | PLN 506.5m | PLN 236.3m | PLN 241.1m | PLN 241.6m | PLN 248.8m |
| Cash and short-term investments | PLN 73.6m | PLN 71.4m | PLN 48.7m | PLN 61.4m | PLN 39.4m | PLN 42.3m | PLN 43.5m | PLN 40.8m |
| Debt | PLN 59.4m | PLN 188.5m | PLN 181.7m | PLN 169.7m | PLN 43.3m | PLN 24.6m | PLN 23.7m | PLN 22.9m |
| Shareholders' equity | PLN 169.2m | PLN 136.1m | PLN 138.0m | PLN 139.2m | PLN 140.3m | PLN 141.5m | PLN 140.9m | PLN 140.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.1% | 23.1% | 16.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 7.7% | 8.1% | 8.6% | 10.5% |
| Operating margin | -0.2% | 1.1% | 1.4% | 4.0% |
| Net margin | 0.2% | 1.5% | 1.2% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -23.9 | 12.4 | 6.4 | 4.9 | -51.5 | 71.8 | 3.2 | 6.5 | 6.6 | 5.3 |
| Price to sales | 0.1 | 0.1 | 0.2 | 0.2 | 0.4 | 0.4 | 0.1 | 0.2 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Aug 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 0.11 | 0.50 | 0.13 | 0.27 | 0.09 | 0.12 | 0.21 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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