W 
10.50
-0.94%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 476.7m
FY2016FY2025
Net income
PLN 35.3m
FY2016FY2025
Free cash flow
PLN 82.2m
FY2016FY2025
Shareholders' equity
PLN 221.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 476.7m | PLN 454.2m | PLN 467.1m | PLN 405.9m | PLN 277.7m | PLN 211.0m | PLN 284.5m | PLN 245.1m | PLN 215.0m | PLN 170.3m |
| Gross profit | PLN 294.1m | PLN 280.4m | PLN 296.5m | PLN 255.6m | PLN 173.9m | PLN 123.8m | PLN 162.4m | PLN 142.5m | PLN 120.2m | PLN 95.6m |
| Operating income | PLN 49.0m | PLN 51.9m | PLN 77.7m | PLN 87.7m | PLN 56.7m | PLN 18.4m | PLN 37.1m | PLN 38.0m | PLN 34.8m | PLN 25.2m |
| Net income | PLN 35.3m | PLN 34.2m | PLN 61.3m | PLN 62.9m | PLN 42.2m | PLN 13.3m | PLN 32.0m | PLN 31.0m | PLN 21.9m | PLN 20.3m |
| Diluted earnings per share | 1.91 | 1.86 | 3.34 | 3.43 | 2.31 | 0.73 | 1.76 | 1.71 | 1.22 | 1.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 344.2m | PLN 350.4m | PLN 338.0m | PLN 330.1m | PLN 334.5m | PLN 276.6m | PLN 259.4m | PLN 196.0m | PLN 175.7m | PLN 184.4m |
| Cash and short-term investments | PLN 27.7m | PLN 16.3m | PLN 22.8m | PLN 18.2m | PLN 53.0m | PLN 6.4m | PLN 3.5m | PLN 8.2m | PLN 8.9m | PLN 47.8m |
| Total liabilities | PLN 123.1m | PLN 164.6m | PLN 121.3m | PLN 115.7m | PLN 128.7m | PLN 113.2m | PLN 109.5m | PLN 61.0m | PLN 56.6m | PLN 72.5m |
| Debt | PLN 63.2m | PLN 115.5m | PLN 60.4m | PLN 54.9m | PLN 89.3m | PLN 65.7m | PLN 69.7m | PLN 18.1m | PLN 20.0m | PLN 45.6m |
| Shareholders' equity | PLN 221.1m | PLN 185.8m | PLN 216.7m | PLN 214.4m | PLN 205.8m | PLN 163.4m | PLN 149.9m | PLN 135.1m | PLN 119.1m | PLN 111.9m |
| Shares outstanding | 19m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 92.9m | PLN 54.4m | PLN 93.2m | PLN 77.1m | PLN 41.9m | PLN 37.9m | PLN 51.7m | PLN 29.9m | PLN 23.4m | PLN 20.5m |
| Capital spending | −PLN 10.8m | −PLN 11.7m | −PLN 11.5m | −PLN 9.3m | −PLN 1.6m | −PLN 21.4m | −PLN 16.9m | −PLN 12.3m | −PLN 20.5m | −PLN 13.8m |
| Free cash flow | PLN 82.2m | PLN 42.6m | PLN 81.7m | PLN 67.8m | PLN 40.3m | PLN 16.6m | PLN 34.9m | PLN 17.6m | PLN 2.9m | PLN 6.7m |
| Dividends paid | — | −PLN 65.8m | −PLN 61.1m | −PLN 55.4m | — | — | −PLN 18.2m | −PLN 15.2m | −PLN 15.0m | −PLN 11.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 104.7m | PLN 85.8m | PLN 151.1m | PLN 119.8m | PLN 112.2m | PLN 93.8m | PLN 133.1m | PLN 115.3m |
| Gross profit | PLN 54.5m | PLN 45.2m | PLN 92.9m | PLN 74.8m | PLN 68.3m | PLN 58.1m | PLN 73.7m | PLN 69.2m |
| Operating income | PLN 3.2m | −PLN 3.6m | PLN 22.4m | PLN 13.1m | PLN 9.4m | PLN 5.8m | PLN 17.9m | PLN 11.5m |
| Net income | PLN 425,000 | −PLN 5.1m | PLN 16.7m | PLN 8.9m | PLN 5.4m | PLN 4.2m | PLN 8.8m | PLN 8.7m |
| Diluted earnings per share | 0.02 | -0.28 | 0.90 | 0.48 | 0.29 | 0.23 | 0.48 | 0.47 |
| Cash from operations | PLN 17.0m | — | PLN 70.0m | PLN 22.0m | PLN 11.0m | −PLN 11.0m | PLN 29.0m | −PLN 10.0m |
| Capital spending | −PLN 2.0m | −PLN 2.0m | −PLN 1.0m | −PLN 2.0m | −PLN 3.0m | −PLN 3.0m | −PLN 3.0m | −PLN 2.0m |
| Free cash flow | PLN 15.0m | — | PLN 69.0m | PLN 20.0m | PLN 8.0m | −PLN 14.0m | PLN 26.0m | −PLN 12.0m |
| Total assets | PLN 330.1m | PLN 353.1m | PLN 344.2m | PLN 356.8m | PLN 377.5m | PLN 356.3m | PLN 350.4m | PLN 354.6m |
| Cash and short-term investments | PLN 20.5m | PLN 47.5m | PLN 27.7m | PLN 9.8m | PLN 9.7m | PLN 8.3m | PLN 16.3m | PLN 11.7m |
| Debt | PLN 18.5m | PLN 16.5m | PLN 25.7m | PLN 83.7m | PLN 82.5m | PLN 12.7m | PLN 74.7m | PLN 85.8m |
| Shareholders' equity | PLN 215.8m | PLN 215.8m | PLN 221.1m | PLN 204.3m | PLN 195.6m | PLN 190.3m | PLN 185.8m | PLN 176.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.5% | 17.7% | 12.1% |
| Operating income | -17.7% | 21.6% | 4.7% |
| Net income | -17.5% | 21.6% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 61.7% | 62.5% | 62.1% | 60.5% |
| Operating margin | 10.8% | 14.8% | 14.9% | 15.1% |
| Net margin | 7.5% | 10.7% | 10.9% | 11.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.3 | 11.2 | 9.0 | 8.0 | 6.3 | 12.6 | 7.0 | 9.3 | 15.1 | 15.1 |
| Price to sales | 0.6 | 0.8 | 1.2 | 1.2 | 1.0 | 0.8 | 0.8 | 1.2 | 1.5 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Jul 2024.
| FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 3.57 | 3.33 | 3.03 | 1.00 | 0.84 | 0.83 | 0.66 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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