Z 
4.98
0.00%
Close of 6 Nov 2026, in PLN
At a glance
Figures in PLN, from our data supplier.
Revenue
PLN 52.6m
FY2016FY2025
Net income
PLN 2.9m
FY2016FY2025
Free cash flow
PLN 1.7m
FY2016FY2025
Shareholders' equity
PLN 21.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 52.6m | PLN 41.5m | PLN 36.8m | PLN 68.5m | PLN 44.5m | PLN 49.2m | PLN 50.4m | PLN 52.1m | PLN 50.7m | PLN 41.9m |
| Gross profit | PLN 11.5m | PLN 8.7m | PLN 5.2m | PLN 15.0m | PLN 7.2m | PLN 6.0m | PLN 8.5m | PLN 10.5m | PLN 6.1m | PLN 3.2m |
| Research and development | — | — | — | — | PLN 8.1m | — | — | — | — | — |
| Operating income | PLN 4.1m | PLN 1.5m | −PLN 1.2m | PLN 8.5m | PLN 2.2m | PLN 693,000 | PLN 4.0m | PLN 2.0m | −PLN 5.2m | −PLN 15.5m |
| Net income | PLN 2.9m | PLN 917,000 | −PLN 2.4m | PLN 6.3m | PLN 1.3m | −PLN 32,000 | PLN 3.0m | PLN 1.8m | −PLN 6.8m | −PLN 15.8m |
| Diluted earnings per share | 0.44 | 0.14 | -0.36 | 0.97 | 0.20 | -0.00 | 0.47 | 0.27 | -1.05 | -3.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | PLN 37.6m | PLN 36.2m | PLN 33.0m | PLN 37.9m | PLN 38.5m | PLN 53.0m | PLN 60.1m | PLN 54.2m | PLN 55.6m | PLN 59.7m |
| Cash and short-term investments | PLN 225,000 | PLN 948,000 | PLN 367,000 | PLN 178,000 | PLN 1.9m | PLN 7.2m | PLN 3.8m | PLN 3.6m | PLN 3.0m | PLN 3.1m |
| Total liabilities | PLN 16.2m | PLN 17.6m | PLN 15.4m | PLN 16.6m | PLN 23.5m | PLN 32.8m | PLN 39.9m | PLN 37.0m | PLN 40.2m | PLN 43.5m |
| Debt | PLN 3.0m | PLN 4.9m | PLN 8.1m | PLN 9.6m | PLN 12.2m | PLN 18.6m | PLN 14.9m | PLN 12.9m | PLN 17.5m | PLN 19.8m |
| Shareholders' equity | PLN 21.4m | PLN 18.5m | PLN 17.6m | PLN 21.3m | PLN 15.0m | PLN 13.7m | PLN 20.2m | PLN 17.2m | PLN 15.4m | PLN 16.2m |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 5m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | PLN 4.2m | PLN 5.3m | PLN 4.0m | PLN 6.5m | −PLN 1.2m | −PLN 737,000 | −PLN 499,000 | −PLN 522,207 | −PLN 3.2m | PLN 2.4m |
| Capital spending | −PLN 2.5m | −PLN 950,000 | −PLN 301,000 | −PLN 683,000 | −PLN 184,000 | −PLN 107,000 | −PLN 140,000 | −PLN 157,712 | −PLN 170,066 | −PLN 130,059 |
| Free cash flow | PLN 1.7m | PLN 4.4m | PLN 3.7m | PLN 5.8m | −PLN 1.4m | −PLN 844,000 | −PLN 639,000 | −PLN 679,918 | −PLN 3.3m | PLN 2.3m |
| Dividends paid | — | — | −PLN 1.3m | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | PLN 11.8m | PLN 13.2m | PLN 13.5m | PLN 12.7m | PLN 13.2m | PLN 11.3m | PLN 11.9m | PLN 11.7m |
| Gross profit | PLN 2.5m | PLN 2.2m | PLN 3.6m | PLN 3.0m | PLN 2.7m | PLN 6.1m | −PLN 836,000 | PLN 2.6m |
| Operating income | PLN 170,000 | PLN 161,000 | PLN 1.8m | PLN 960,000 | PLN 892,000 | PLN 462,000 | PLN 842,000 | PLN 911,000 |
| Net income | PLN 38,000 | PLN 247,000 | PLN 1.2m | PLN 683,000 | PLN 714,000 | PLN 530,000 | PLN 820,000 | PLN 603,000 |
| Diluted earnings per share | 0.01 | 0.04 | 0.19 | 0.11 | 0.11 | 0.08 | 0.13 | 0.09 |
| Cash from operations | — | −PLN 1.0m | PLN 5.0m | PLN 1.0m | −PLN 1.0m | PLN 3.0m | — | — |
| Total assets | PLN 36.7m | PLN 37.6m | PLN 37.3m | PLN 37.9m | PLN 37.2m | PLN 36.2m | PLN 35.4m | PLN 34.8m |
| Cash and short-term investments | PLN 466,000 | PLN 225,000 | PLN 881,000 | PLN 148,000 | PLN 201,000 | PLN 948,000 | PLN 71,000 | PLN 174,000 |
| Debt | PLN 4.3m | PLN 1.7m | — | — | PLN 4.6m | PLN 4.2m | PLN 5.7m | PLN 5.5m |
| Shareholders' equity | PLN 18.8m | PLN 21.4m | PLN 21.1m | PLN 19.9m | PLN 19.2m | PLN 18.5m | PLN 18.0m | −PLN 433,000 |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.4% | 1.3% | -3.9% |
| Operating income | -21.7% | 42.5% | 23.1% |
| Net income | -23.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.5% | 20.3% | 18.3% | 16.3% |
| Operating margin | 5.9% | 6.4% | 5.4% | 0.3% |
| Net margin | 4.0% | 3.9% | 3.1% | -1.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.5 | 14.9 | -7.7 | 4.2 | 12.6 | -540.6 | 3.0 | 5.2 | -2.4 | -1.0 |
| Price to sales | 0.6 | 0.3 | 0.5 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 5 Jul 2023.
| FY2023 | FY2013 | FY2012 | FY2009 | FY2008 | |
|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.35 | 0.55 | 0.25 | 0.45 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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