708.00
-0.28%
Close of 9 Nov 2026, in PLN
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At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 739.4m
FY2016FY2025
Net income
PLN 84.6m
FY2016FY2025
Free cash flow
PLN 35.1m
FY2016FY2025
Shareholders' equity
PLN 799.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 739.4m | PLN 689.3m | PLN 663.4m | PLN 584.8m | PLN 517.9m | PLN 488.6m | PLN 564.4m | PLN 559.2m | PLN 618.5m | PLN 645.9m |
| Gross profit | PLN 223.3m | PLN 202.8m | PLN 201.6m | PLN 151.7m | PLN 171.0m | PLN 181.1m | PLN 208.2m | PLN 211.4m | PLN 252.4m | PLN 247.4m |
| Operating income | PLN 91.5m | PLN 77.6m | PLN 77.5m | PLN 37.5m | PLN 56.3m | PLN 72.1m | PLN 70.3m | PLN 94.4m | PLN 97.5m | PLN 98.7m |
| Net income | PLN 84.6m | PLN 73.7m | PLN 72.1m | PLN 37.0m | PLN 43.2m | PLN 57.3m | PLN 58.6m | PLN 77.3m | PLN 113.3m | PLN 85.1m |
| Diluted earnings per share | 65.50 | 57.08 | 55.80 | 28.62 | 28.82 | 38.18 | 39.08 | 51.51 | 75.56 | 56.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 896.4m | PLN 853.3m | PLN 811.3m | PLN 745.1m | PLN 814.0m | PLN 790.9m | PLN 803.7m | PLN 773.7m | PLN 732.3m | PLN 672.8m |
| Cash and short-term investments | PLN 219.9m | PLN 236.2m | PLN 218.7m | PLN 156.4m | PLN 198.6m | PLN 143.9m | PLN 149.1m | PLN 130.6m | PLN 68.6m | PLN 85.8m |
| Total liabilities | PLN 97.1m | PLN 126.9m | PLN 113.5m | PLN 105.5m | PLN 105.5m | PLN 88.4m | PLN 113.1m | PLN 103.4m | PLN 101.6m | PLN 122.5m |
| Debt | PLN 6.0m | PLN 9.1m | PLN 9.3m | PLN 8.5m | PLN 8.7m | PLN 9.6m | PLN 10.5m | PLN 617,000 | PLN 354,000 | — |
| Shareholders' equity | PLN 799.2m | PLN 726.4m | PLN 697.8m | PLN 639.7m | PLN 708.5m | PLN 702.4m | PLN 690.6m | PLN 670.2m | PLN 630.7m | PLN 550.3m |
| Shares outstanding | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m | 1m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 86.7m | PLN 76.5m | PLN 75.4m | PLN 80.2m | PLN 107.7m | PLN 55.5m | PLN 83.1m | PLN 120.2m | PLN 83.2m | PLN 96.5m |
| Capital spending | −PLN 51.6m | −PLN 10.4m | −PLN 9.8m | −PLN 21.2m | −PLN 13.7m | −PLN 14.1m | −PLN 25.1m | −PLN 20.3m | −PLN 98.3m | −PLN 111.9m |
| Free cash flow | PLN 35.1m | PLN 66.1m | PLN 65.5m | PLN 59.0m | PLN 94.0m | PLN 41.4m | PLN 58.0m | PLN 99.9m | −PLN 15.1m | −PLN 15.4m |
| Dividends paid | −PLN 12.9m | −PLN 45.2m | −PLN 12.9m | — | −PLN 37.5m | −PLN 45.0m | −PLN 37.5m | −PLN 37.5m | −PLN 30.0m | −PLN 30.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 139.0m | PLN 163.4m | PLN 239.4m | PLN 171.9m | PLN 144.1m | PLN 184.0m | PLN 234.6m | PLN 158.6m |
| Gross profit | PLN 48.7m | PLN 62.9m | PLN 84.8m | PLN 50.9m | PLN 39.1m | PLN 55.3m | PLN 73.3m | PLN 41.0m |
| Operating income | PLN 16.6m | PLN 25.5m | PLN 43.7m | PLN 20.5m | PLN 8.9m | PLN 18.4m | PLN 35.7m | PLN 13.6m |
| Net income | PLN 18.9m | PLN 22.9m | PLN 37.4m | PLN 19.7m | PLN 9.7m | PLN 17.8m | PLN 31.8m | PLN 13.8m |
| Diluted earnings per share | 14.63 | 17.69 | 28.96 | 15.24 | 7.51 | 13.80 | 24.61 | 10.66 |
| Cash from operations | PLN 39.0m | PLN 71.0m | PLN 5.0m | PLN 16.0m | PLN 13.0m | PLN 42.0m | −PLN 4.0m | −PLN 4.0m |
| Capital spending | −PLN 16.0m | −PLN 4.0m | −PLN 26.0m | −PLN 15.0m | −PLN 4.0m | −PLN 4.0m | −PLN 3.0m | −PLN 3.0m |
| Free cash flow | PLN 23.0m | PLN 67.0m | −PLN 21.0m | PLN 1.0m | PLN 9.0m | PLN 38.0m | −PLN 7.0m | −PLN 7.0m |
| Total assets | PLN 895.1m | PLN 941.6m | PLN 896.4m | PLN 875.2m | PLN 857.9m | PLN 876.2m | PLN 853.3m | PLN 801.4m |
| Cash and short-term investments | PLN 269.3m | PLN 292.0m | PLN 219.9m | PLN 242.2m | PLN 253.6m | PLN 277.3m | PLN 236.2m | PLN 256.8m |
| Debt | PLN 1.9m | — | — | — | PLN 1.7m | — | PLN 1.6m | — |
| Shareholders' equity | PLN 804.3m | PLN 820.3m | PLN 799.2m | PLN 760.7m | PLN 741.0m | PLN 744.3m | PLN 726.4m | PLN 694.6m |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 30.2% | 29.4% | 30.4% | 25.9% | 33.0% | 37.1% |
| Operating margin | 12.4% | 13.4% | 13.4% | 7.9% | 10.9% | 14.7% |
| Net margin | 11.4% | 10.7% | 10.9% | 6.3% | 8.3% | 11.7% |
| Return on equity | 10.6% | 10.2% | 10.3% | 5.8% | 6.1% | 8.2% |
| Return on assets | 9.4% | 8.6% | 8.9% | 5.0% | 5.3% | 7.2% |
| Free cash flow yield | 15.1% | 9.5% | 9.3% | 11.1% | 11.4% | 6.6% |
| Revenue growth | 7.3% | 3.9% | 13.4% | 12.9% | 6.0% | -13.4% |
| Earnings growth | 14.8% | 2.3% | 94.9% | -14.5% | -24.5% | -2.3% |
| Current ratio | 6.28x | 4.80x | 5.05x | 4.38x | 5.14x | 5.93x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 89.2% | 85.1% | 86.0% | 85.8% | 87.0% | 88.8% |
| Interest coverage | 151.17x | 201.19x | 179.29x | 84.94x | 128.16x | 138.85x |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 13.9% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.1% | 8.6% | 1.6% |
| Operating income | 34.5% | 4.9% | -1.6% |
| Net income | 31.8% | 8.1% | -0.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.8% | 29.1% | 30.7% | 34.3% |
| Operating margin | 11.8% | 10.6% | 11.2% | 13.1% |
| Net margin | 11.1% | 10.0% | 10.0% | 11.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.0 | 10.6 | 13.4 | 15.1 | 17.0 | 15.3 | 16.0 | 16.2 | 13.6 | 19.4 |
| Price to sales | 1.3 | 1.1 | 1.5 | 0.9 | 1.4 | 1.8 | 1.7 | 2.2 | 2.5 | 2.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 29 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 35.00 | 10.00 | 35.00 | 10.00 | 25.00 | 30.00 | 25.00 | 25.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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