V 
0.48
-0.21%
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 9.2m
FY2016FY2025
Net income
−PLN 4.5m
FY2016FY2025
Free cash flow
−PLN 5.6m
FY2016FY2025
Shareholders' equity
PLN 4.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 9.2m | PLN 13.8m | PLN 21.0m | PLN 37.4m | PLN 24.1m | PLN 27.4m | PLN 12.3m | PLN 10.3m | PLN 9.5m | PLN 12.1m |
| Operating income | −PLN 1.2m | −PLN 627,490 | −PLN 2.2m | PLN 1.1m | −PLN 3.7m | PLN 3.0m | PLN 1.7m | −PLN 4.3m | PLN 797,790 | −PLN 353,250 |
| Net income | −PLN 4.5m | −PLN 908,120 | −PLN 2.5m | PLN 690,470 | −PLN 14.9m | PLN 2.1m | PLN 420,950 | −PLN 5.4m | −PLN 6.5m | PLN 3.0m |
| Diluted earnings per share | -0.08 | -0.03 | -0.08 | 0.02 | -0.46 | 0.07 | 0.01 | -0.18 | -0.23 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 18.0m | PLN 14.8m | PLN 13.9m | PLN 19.3m | PLN 23.6m | PLN 43.5m | PLN 39.3m | PLN 34.7m | PLN 42.1m | PLN 41.4m |
| Cash and short-term investments | PLN 3.5m | PLN 376,290 | PLN 682,100 | PLN 1.7m | PLN 3.1m | PLN 8.0m | PLN 2.6m | PLN 1.8m | PLN 8.2m | PLN 5.6m |
| Total liabilities | PLN 13.4m | PLN 5.6m | PLN 9.1m | PLN 12.0m | PLN 16.9m | PLN 22.0m | PLN 22.9m | PLN 19.0m | PLN 22.8m | PLN 16.9m |
| Debt | PLN 8.9m | PLN 59,120 | PLN 2.7m | PLN 2.7m | PLN 6.4m | PLN 11.5m | PLN 13.1m | PLN 11.8m | PLN 14.8m | PLN 7.7m |
| Shareholders' equity | PLN 4.6m | PLN 9.1m | PLN 4.8m | PLN 7.3m | PLN 6.6m | PLN 21.5m | PLN 16.4m | PLN 15.7m | PLN 19.3m | PLN 24.6m |
| Shares outstanding | 56m | 32m | 32m | 32m | 32m | 32m | 30m | 30m | 28m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 410,390 | PLN 1.7m | PLN 3.0m | −PLN 890,620 | PLN 2.0m | PLN 6.3m | PLN 4.3m | PLN 4.6m | PLN 3.1m | PLN 2.8m |
| Capital spending | −PLN 6.0m | −PLN 4.4m | −PLN 3.9m | −PLN 794,560 | −PLN 189,580 | −PLN 3.2m | −PLN 6.8m | −PLN 9.7m | −PLN 8.4m | −PLN 11.1m |
| Free cash flow | −PLN 5.6m | −PLN 2.7m | −PLN 903,190 | −PLN 1.7m | PLN 1.8m | PLN 3.1m | −PLN 2.5m | −PLN 5.1m | −PLN 5.2m | −PLN 8.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.9m | PLN 2.3m | PLN 2.0m | PLN 2.1m | PLN 2.1m | PLN 2.9m | PLN 3.6m | PLN 2.8m |
| Operating income | −PLN 378,210 | −PLN 269,890 | −PLN 443,840 | −PLN 439,640 | −PLN 398,070 | PLN 116,550 | −PLN 128,200 | −PLN 330,490 |
| Net income | −PLN 624,490 | −PLN 679,080 | −PLN 1.8m | −PLN 637,390 | −PLN 2.1m | PLN 99,140 | −PLN 132,110 | −PLN 425,390 |
| Diluted earnings per share | -0.01 | -0.01 | -0.03 | -0.01 | -0.04 | 0.00 | -0.00 | -0.01 |
| Capital spending | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | −PLN 1.0m | — | −PLN 1.0m | −PLN 1.0m | — |
| Total assets | PLN 17.9m | PLN 16.2m | PLN 18.0m | PLN 19.8m | PLN 14.2m | PLN 15.1m | PLN 14.8m | PLN 14.5m |
| Cash and short-term investments | PLN 292,160 | PLN 1.3m | PLN 3.5m | PLN 5.1m | PLN 354,800 | PLN 268,800 | PLN 376,290 | PLN 1.4m |
| Debt | PLN 10.0m | PLN 9.2m | PLN 8.8m | PLN 8.7m | PLN 2.3m | PLN 687,170 | PLN 12,230 | PLN 15,860 |
| Shareholders' equity | PLN 3.3m | PLN 4.0m | PLN 4.6m | PLN 6.5m | PLN 7.1m | PLN 9.2m | PLN 9.1m | PLN 4.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -37.4% | -19.7% | -3.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -7.8% | -3.5% | -2.7% | 21.9% |
| Net margin | -23.6% | -8.9% | -15.1% | 9.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -9.0 | -20.5 | -10.1 | 44.7 | -2.5 | 24.4 | 87.2 | -7.0 | -9.9 | 35.5 |
| Price to sales | 4.4 | 1.4 | 1.2 | 0.8 | 1.5 | 1.9 | 3.0 | 3.7 | 6.8 | 8.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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