Z 
18.50
+0.54%
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 1.33bn
FY2016FY2025
Net income
−PLN 164.5m
FY2016FY2025
Free cash flow
−PLN 533.2m
FY2016FY2025
Shareholders' equity
PLN 2.01bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 1.33bn | PLN 2.19bn | PLN 3.11bn | PLN 2.74bn | PLN 2.28bn | PLN 2.03bn | PLN 2.88bn | PLN 2.30bn | PLN 2.44bn | PLN 2.70bn |
| Operating income | −PLN 76.2m | PLN 264.6m | PLN 689.5m | PLN 279.9m | −PLN 513.1m | −PLN 298.1m | −PLN 431.6m | PLN 477.3m | PLN 290.1m | PLN 371.4m |
| Net income | −PLN 164.5m | PLN 262.9m | PLN 745.1m | PLN 203.3m | −PLN 317.4m | −PLN 222.4m | −PLN 446.1m | −PLN 460.2m | PLN 183.2m | PLN 247.7m |
| Diluted earnings per share | -3.24 | 5.17 | 14.66 | 4.00 | -6.25 | -4.38 | -8.78 | -9.05 | 3.61 | 4.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 4.12bn | PLN 3.85bn | PLN 3.59bn | PLN 4.54bn | PLN 3.31bn | PLN 2.88bn | PLN 3.12bn | PLN 3.87bn | PLN 4.46bn | PLN 4.80bn |
| Cash and short-term investments | PLN 522.1m | PLN 506.0m | PLN 545.4m | PLN 1.46bn | PLN 506.8m | PLN 497.9m | PLN 414.6m | PLN 341.3m | PLN 358.0m | PLN 427.4m |
| Total liabilities | PLN 2.10bn | PLN 1.67bn | PLN 1.68bn | PLN 3.32bn | PLN 2.79bn | PLN 1.93bn | PLN 1.94bn | PLN 2.18bn | PLN 2.19bn | PLN 2.66bn |
| Debt | PLN 604.9m | PLN 33.8m | PLN 39.9m | PLN 1.17bn | PLN 499.6m | PLN 106.5m | PLN 76.5m | PLN 421.8m | PLN 656.3m | PLN 1.02bn |
| Shareholders' equity | PLN 2.01bn | PLN 2.17bn | PLN 1.91bn | PLN 723.7m | PLN 524.6m | PLN 951.2m | PLN 1.17bn | PLN 1.68bn | PLN 2.26bn | PLN 2.14bn |
| Shares outstanding | 51m | 51m | 51m | 51m | 51m | 51m | 51m | 51m | 51m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 496.5m | PLN 480.0m | −PLN 439.0m | PLN 503.3m | PLN 6.6m | PLN 166.1m | PLN 448.0m | PLN 366.8m | PLN 478.8m | PLN 536.1m |
| Capital spending | −PLN 1.03bn | −PLN 481.9m | −PLN 575.9m | −PLN 601.7m | −PLN 409.7m | −PLN 63.5m | −PLN 2.2m | −PLN 70.3m | −PLN 98.3m | −PLN 195.4m |
| Free cash flow | −PLN 533.2m | −PLN 1.8m | −PLN 1.01bn | −PLN 98.5m | −PLN 403.2m | PLN 102.6m | PLN 445.9m | PLN 296.5m | PLN 380.5m | PLN 340.7m |
| Dividends paid | — | — | — | — | — | — | — | −PLN 61.0m | −PLN 65.6m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 227.2m | PLN 343.1m | PLN 358.2m | PLN 331.2m | PLN 335.1m | PLN 309.3m | PLN 622.8m | PLN 520.9m |
| Operating income | −PLN 39.7m | −PLN 3.9m | PLN 15.0m | −PLN 29.1m | −PLN 54.5m | −PLN 9.4m | PLN 122.4m | PLN 29.6m |
| Net income | −PLN 46.1m | −PLN 10.4m | −PLN 45.3m | −PLN 39.6m | −PLN 65.8m | −PLN 13.8m | PLN 123.9m | PLN 33.3m |
| Diluted earnings per share | -0.91 | -0.20 | -0.89 | -0.78 | -1.29 | -0.27 | 2.44 | 0.65 |
| Cash from operations | PLN 266.0m | −PLN 146.0m | PLN 241.0m | PLN 166.0m | −PLN 8.0m | PLN 96.0m | PLN 31.0m | PLN 92.0m |
| Capital spending | −PLN 148.0m | −PLN 242.0m | −PLN 157.0m | −PLN 325.0m | −PLN 359.0m | −PLN 186.0m | −PLN 88.0m | −PLN 24.0m |
| Free cash flow | PLN 118.0m | −PLN 388.0m | PLN 84.0m | −PLN 159.0m | −PLN 367.0m | −PLN 90.0m | −PLN 57.0m | PLN 68.0m |
| Total assets | PLN 4.83bn | PLN 4.77bn | PLN 4.12bn | PLN 3.82bn | PLN 4.26bn | PLN 3.91bn | PLN 3.85bn | PLN 3.51bn |
| Cash and short-term investments | PLN 618.5m | PLN 611.0m | PLN 522.1m | PLN 399.4m | PLN 365.5m | PLN 412.8m | PLN 506.0m | PLN 565.5m |
| Debt | PLN 46.5m | PLN 1.19bn | PLN 584.9m | PLN 530.5m | PLN 330.0m | PLN 4.7m | PLN 4.7m | PLN 4.7m |
| Shareholders' equity | PLN 1.96bn | PLN 2.00bn | PLN 2.01bn | PLN 2.05bn | PLN 2.09bn | PLN 2.16bn | PLN 2.17bn | PLN 2.05bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -21.3% | -8.0% | -7.6% |
| Operating income | — | -23.9% | -27.1% |
| Net income | — | -5.9% | -21.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.4% | 12.4% | 2.5% | -2.8% |
| Net margin | 2.8% | 11.2% | 3.7% | -6.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -6.0 | 2.6 | 1.5 | 5.8 | -2.7 | -2.1 | -0.9 | -0.8 | 4.2 | 2.6 |
| Price to sales | 0.7 | 0.3 | 0.3 | 0.4 | 0.4 | 0.2 | 0.1 | 0.2 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 31 Jul 2018.
| FY2018 | FY2017 | FY2015 | FY2014 | |
|---|---|---|---|---|
| Paid in the year | 0.60 | 1.29 | 1.20 | 0.68 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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