G 
13.50
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 80.8m
FY2016FY2025
Net income
PLN 26.9m
FY2016FY2025
Free cash flow
−PLN 32.4m
FY2016FY2025
Shareholders' equity
PLN 306.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 80.8m | PLN 118.2m | PLN 105.4m | PLN 115.8m | PLN 125.6m | PLN 50.8m | PLN 47.4m | PLN 47.2m | PLN 65.3m | PLN 58.2m |
| Research and development | — | — | — | — | PLN 123,000 | PLN 26,000 | — | PLN 0 | PLN 0 | PLN 0 |
| Operating income | PLN 61.2m | PLN 43.0m | PLN 31.4m | PLN 42.6m | PLN 68.4m | PLN 21.8m | PLN 19.5m | PLN 23.7m | PLN 24.1m | PLN 20.7m |
| Net income | PLN 26.9m | PLN 25.3m | PLN 18.6m | PLN 32.2m | PLN 36.0m | PLN 5.6m | PLN 12.9m | PLN 17.9m | PLN 18.9m | PLN 16.6m |
| Diluted earnings per share | 2.42 | 2.25 | 1.59 | 2.76 | 3.07 | 0.48 | 1.10 | 1.54 | 1.63 | 1.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 453.4m | PLN 428.8m | PLN 341.9m | PLN 349.5m | PLN 362.5m | PLN 293.7m | PLN 291.2m | PLN 264.6m | PLN 266.7m | PLN 199.0m |
| Cash and short-term investments | PLN 24.3m | PLN 89.6m | PLN 41.2m | PLN 42.2m | PLN 64.5m | PLN 32.9m | PLN 13.7m | PLN 27.5m | PLN 242.3m | PLN 8.1m |
| Total liabilities | PLN 146.9m | PLN 148.0m | PLN 75.1m | PLN 94.3m | PLN 136.1m | PLN 102.1m | PLN 104.5m | PLN 87.5m | PLN 96.4m | PLN 60.2m |
| Debt | PLN 102.7m | PLN 114.6m | PLN 50.4m | PLN 68.7m | PLN 92.9m | PLN 88.8m | PLN 99.2m | PLN 83.9m | PLN 93.0m | PLN 57.1m |
| Shareholders' equity | PLN 306.0m | PLN 280.2m | PLN 266.1m | PLN 254.5m | PLN 225.8m | PLN 191.0m | PLN 186.7m | PLN 177.1m | PLN 170.3m | PLN 138.8m |
| Shares outstanding | 11m | 11m | 12m | 12m | 12m | 12m | 12m | 12m | 12m | 12m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −PLN 31.6m | PLN 21.2m | PLN 39.5m | PLN 13.5m | PLN 36.7m | PLN 39.9m | −PLN 18.2m | PLN 14.7m | PLN 3.6m | −PLN 15.2m |
| Capital spending | −PLN 760,000 | −PLN 1.1m | −PLN 598,000 | −PLN 2.7m | −PLN 122,000 | −PLN 563,000 | −PLN 1.6m | −PLN 5.8m | −PLN 910,000 | −PLN 150,000 |
| Free cash flow | −PLN 32.4m | PLN 20.1m | PLN 38.9m | PLN 10.8m | PLN 36.6m | PLN 39.3m | −PLN 19.8m | PLN 8.9m | PLN 2.7m | −PLN 15.4m |
| Dividends paid | −PLN 5.3m | −PLN 4.3m | −PLN 3.2m | −PLN 2.9m | −PLN 1.2m | −PLN 1.2m | −PLN 3.5m | −PLN 2.9m | −PLN 2.3m | −PLN 1.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 29.4m | PLN 26.0m | PLN 20.6m | PLN 19.4m | PLN 36.9m | PLN 29.4m | PLN 41.4m | PLN 27.1m |
| Operating income | PLN 23.1m | PLN 6.8m | PLN 7.3m | PLN 19.1m | PLN 16.4m | PLN 9.2m | PLN 21.5m | PLN 8.3m |
| Net income | PLN 7.2m | PLN 4.9m | PLN 3.9m | PLN 7.6m | PLN 9.5m | PLN 5.9m | PLN 11.2m | PLN 5.1m |
| Diluted earnings per share | 0.65 | 0.44 | 0.35 | 0.69 | 0.85 | 0.53 | 0.99 | 0.45 |
| Cash from operations | −PLN 6.0m | −PLN 5.0m | −PLN 27.0m | PLN 1.0m | −PLN 14.0m | PLN 15.0m | −PLN 12.0m | PLN 13.0m |
| Capital spending | — | −PLN 1.0m | — | — | — | — | — | — |
| Free cash flow | — | −PLN 6.0m | — | — | — | — | — | — |
| Total assets | PLN 500.7m | PLN 476.3m | PLN 453.4m | PLN 436.1m | PLN 452.5m | PLN 434.3m | PLN 428.8m | PLN 397.5m |
| Cash and short-term investments | PLN 35.6m | PLN 46.2m | PLN 24.3m | PLN 59.1m | PLN 86.4m | PLN 98.6m | PLN 89.6m | PLN 101.8m |
| Debt | PLN 32.6m | PLN 132.5m | PLN 102.7m | PLN 104.0m | PLN 48.5m | PLN 114.9m | PLN 114.6m | PLN 102.6m |
| Shareholders' equity | PLN 307.8m | PLN 307.6m | PLN 306.0m | PLN 295.6m | PLN 288.5m | PLN 285.0m | PLN 280.2m | PLN 269.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.3% | 9.8% | 4.4% |
| Operating income | 12.8% | 22.9% | 11.3% |
| Net income | -5.8% | 37.1% | 5.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 52.4% | 42.4% | 45.0% | 43.5% |
| Net margin | 26.2% | 24.5% | 24.2% | 26.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.4 | 4.1 | 6.7 | 2.2 | 2.3 | 10.1 | 7.3 | 4.5 | 5.8 | 5.0 |
| Price to sales | 1.8 | 0.9 | 1.2 | 0.6 | 0.7 | 1.1 | 2.0 | 1.7 | 1.7 | 1.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 12 Jan 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.50 | 0.40 | 0.27 | 0.25 | 0.10 | 0.10 | 0.30 | 0.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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