in thousand PLN
Specification 30.06.2025 31.12.2024 30.06.2024 (unaudited) (unaudited) | |||
Tangible fixed assets | 482 801 | 491 034 | 454 784 |
investment properties | 5 531 | 5 697 | 5 787 |
Goodwill | 40 749 | 40 976 | 41 267 |
Non-tangible assets other than goodwill | 63 235 | 71 176 | 74 846 |
Long-term receivables | 4 171 | 4 237 | 4 437 |
contract assets | 1 081 | 1 219 | 1 334 |
Financial assets | 523 | 571 | 891 |
investments accounted for using the equity method | 344 | 347 | 344 |
Deferred income tax assets | 35 963 | 42 582 | 41 987 |
Long-term prepayments | 2 604 | 2 869 | 2 217 |
Total fixed assets | 637 002 | 660 708 | 627 894 |
inventory | 272 163 | 272 149 | 283 673 |
Trade receivables | 236 374 | 194 730 | 267 452 |
Other short-term receivables | 16 657 | 22 209 | 15 639 |
income tax receivables | 3 167 | 2 321 | 3 440 |
contract assets | 43 | 43 | 256 |
Prepayments | 10 491 | 3 180 | 11 116 |
Financial assets | 2 608 | 3 728 | 9 306 |
cash | 107 844 | 45 587 | 48 367 |
Assets classified as held for sale | 322 | 97 | 916 |
Total current assets | 649 670 | 544 044 | 640 165 |
TOTAL ASSETS | 1 286 672 | 1 204 752 | 1 268 059 |
Share capital | 5 376 | 5 376 | 5 376 |
Own Shares | -39 813 | -40 173 | -43 539 |
capital from the valuation of the incentive program | 2 763 | 1 347 | 1 673 |
capital from the valuation of the investment contract options | -49 920 | 0 | 0 |
Reserve capital for the share buyback program | 49 230 | 49 230 | 49 230 |
Statutory reserve capital | 1 792 | 1 792 | 1 792 |
Retained profits | 588 311 | 579 938 | 553 380 |
Exchange rate differences | -16 280 | -16 135 | -13 811 |
Total equity of the Parent company | 541 460 | 581 375 | 554 101 |
Non-controlling interests | 28 865 | 5 172 | 4 388 |
Overall equity of the Parent company and non-controlling interests | 570 325 | 586 547 | 558 489 |
credits and debt securities | 271 971 | 273 876 | 240 603 |
Long-term provisions for employee benefits | 17 748 | 19 135 | 19 210 |
Deferred income | 10 035 | 10 322 | 10 926 |
Provision for deferred tax | 14 560 | 14 989 | 16 080 |
Long-term liabilities | 388 | 357 | 541 |
Financial liabilities due to leasing | 17 736 | 20 627 | 23 196 |
Financial liabilities due to option valuation | 49 920 | 0 | 0 |
Total long-term liabilities | 382 358 | 339 306 | 310 556 |
credits and debt securities | 35 511 | 43 313 | 83 034 |
Trade liabilities | 134 097 | 109 574 | 136 331 |
Other financial liabilities | 214 | 1 652 | 630 |
Financial liabilities due to leasing | 6 966 | 7 118 | 6 572 |
Other short-term liabilities | 83 254 | 42 265 | 69 394 |
income tax liabilities | 1 132 | 290 | 249 |
contractual liabilities | 12 642 | 14 035 | 12 453 |
Deferred income | 1 258 | 1 033 | 1 704 |
Short-term provisions for employee benefits | 51 413 | 48 344 | 70 838 |
Other short-term provisions | 7 178 | 11 178 | 16 893 |
Liabilities classified as held for sale | 322 | 97 | 916 |
Total short-term liabilities | 333 989 | 278 899 | 399 013 |
TOTAL LiABiLiTiES | 1 286 672 | 1 204 752 | 1 268 059 |
01/04/2025 | 01/01/2025 | 01/04/2024 | 01/01/2024 | |
Specification 30/06/2025 | 30/06/2025 | 30/06/2024 | 30/06/2024 | |
unaudited | unaudited | unaudited | unaudited | |
Sales revenues | 389 403 | 746 809 | 393 683 | 737 467 |
Prime costs of the sale | 302 489 | 588 566 | 308 773 | 589 377 |
Gross profit (loss) on sales | 86 914 | 158 243 | 84 910 | 148 090 |
Selling costs | 12 211 | 22 464 | 10 607 | 21 131 |
General and administrative costs | 53 097 | 105 775 | 54 180 | 92 449 |
Other operating revenues | 1 393 | 2 396 | 2 613 | 3 777 |
Other operating expenses | 913 | 1 629 | 1 968 | 2 335 |
Profit/loss on operating activity | 22 086 | 30 771 | 20 768 | 35 952 |
Loss (gain) due to impairment (reversal of losses) on trade and other -554 637 1 259 1 371 | ||||
receivables in accordance with IFRS 9 | ||||
Financial revenues | 65 | 7 770 | 3 569 | 3 789 |
Financial expenses | 5 410 | 9 413 | 8 255 | 10 036 |
Gross profit/loss (before taxation) | 17 295 | 28 491 | 14 823 | 28 334 |
Income tax | 3 847 | 7 638 | 1 102 | 1 134 |
Net result on continuing operations | 13 448 | 20 853 | 13 720 | 27 199 |
Net result on discontinued operations | -22 | -218 | 160 | 279 |
Net result | 13 426 | 20 635 | 13 880 | 27 478 |
attributable to: | ||||
shareholders of the parent company | 11 877 | 19 662 | 13 665 | 27 391 |
on continuing operations | 11 895 | 19 839 | 13 494 | 27 101 |
on discontinued operations | -18 | -177 | 171 | 290 |
non-controlling shareholders | 1 549 | 973 | 215 | 87 |
on continuing operations | 1 553 | 1 014 | 228 | 100 |
on discontinued operations | -4 | -41 | -13 | -13 |
Weighted average number of shares | 24 997 774 | 24 938 154 | ||
Earnings per share on continuing operations | 0,79 | 1,09 | ||
Earnings per share | 0,79 | 1,10 | ||
Diluted weighted average shares | 26 881 922 | 25 744 611 | ||
Diluted earnings per share on continuing operations | 0,74 | 1,05 | ||
Diluted earnings per share | 0,73 | 1,06 | ||
Specification For the period from 01/01 to 30/06 | ||||
2025 (unaudited) | 2024 (unaudited) | |||
Net profit | 20 635 | 27 478 | ||
Total adjustments for: | 44 852 | 14 590 | ||
Depreciation | 40 991 | 35 129 | ||
Net foreign exchange rate profit and loss | -2 832 | -1 922 | ||
Net interest and dividends | 5 819 | 10 424 | ||
Income tax on profit before tax | 1 706 | 1 846 | ||
Profit (loss) on investment activities | 936 | 1 922 | ||
Change in provisions | -2 747 | 626 | ||
Change in inventory | -14 | 4 850 | ||
Change in receivables | -36 168 | -45 604 | ||
Change in liabilities | 32 673 | 7 854 | ||
Change in prepayments and deferred income | -489 | -8 569 | ||
Other adjustments | 6 660 | 11 874 | ||
Income tax paid | -1 641 | -3 563 | ||
Cash from discontinued operations | -41 | -277 | ||
Net cash flows from operating activity | 65 487 | 42 068 | ||
Inflows from sale of fixed assets and intangible and legal assets | 516 | 78 | ||
Purchase of fixed assets and intangible and legal assets | -39 062 | -44 480 | ||
Other investment cash flows | -54 | -13 797 | ||
Outflows for financial assets | 0 | -161 929 | ||
Income from financial assets | 52 997 | 1 184 | ||
Net cash from investing activities | 14 397 | -218 944 | ||
Change in the balance of credits | 0 | 144 091 | ||
Loans repayment | -7 358 | 0 | ||
Paid interest | -6 468 | -6 442 | ||
Acquisition of own shares | 0 | -32 308 | ||
Inflows from the implementation of the incentive program | 360 | 0 | ||
Financial expenditure on lease | -2 911 | -2 723 | ||
Other revenues/expenses | -964 | -356 | ||
Net cash flows from financing activity | -17 341 | 102 262 | ||
Change in cash and cash equivalents | 62 543 | -74 614 | ||
Net exchange differences in cash and cash equivalents | -284 | -4 | ||
Opening balance of cash | 45 585 | 122 985 | ||
Net change in cash | 62 259 | -74 618 | ||
Closing balance of cash | 107 844 | 48 367 | ||
including of limited disposability | 243 | 136 | ||
30.06.2025 | As at 31.12.2024 | 30.06.2024 | |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 336 487 | 344 736 | 306 042 |
Intangible assets | 4 379 | 8 552 | 8 301 |
Other long-term accounts receivable | 2 724 | 3 078 | 3 594 |
Contract assets | 1 081 | 1 219 | 1 333 |
Shares | 211 888 | 211 888 | 267 794 |
Financial assets | 50 354 | 50 469 | 45 449 |
Deferred income tax assets | 28 524 | 35 127 | 34 237 |
Long-term active prepayments and accrued income | 778 | 762 | 920 |
Total fixed assets | 636 215 | 655 831 | 667 670 |
Stocks | 133 944 | 138 937 | 142 534 |
Trade accounts receivable | 176 690 | 148 216 | 198 315 |
Other short-term accounts receivable | 13 737 | 11 730 | 8 490 |
Contract assets | 43 | 43 | 255 |
Active prepayments and accrued income | 5 500 | 2 183 | 6 409 |
Financial assets | 4 189 | 58 780 | 15 838 |
Cash and cash equivalents | 90 874 | 24 954 | 25 480 |
Total current assets | 424 977 | 384 843 | 397 321 |
TOTAL ASSETS | 1 061 192 | 1 040 674 | 1 064 991 |
Share capital | 5 376 | 5 376 | 5 376 |
Own Shares | -39 813 | -40 173 | -43 539 |
Statutory reserve capital | 1 792 | 1 792 | 1 792 |
Capital from the valuation of the incentive program | 2 763 | 1 347 | 1 673 |
Reserve capital for the share buyback program | 49 230 | 49 230 | 49 230 |
Retained profit | 571 013 | 590 584 | 563 042 |
Total shareholders' equity | 590 361 | 608 156 | 577 574 |
Credits | 259 014 | 262 142 | 219 022 |
Long-term provisions | 12 135 | 13 364 | 13 691 |
Financial liabilities due to leasing | 10 142 | 12 403 | 13 571 |
Financial liabilities due to option valuation | 9 304 | 0 | 0 |
Income from future periods | 26 | 27 | 28 |
Total long-term liabilities | 290 621 | 287 936 | 246 312 |
Credits and debt securities | 17 861 | 17 992 | 61 040 |
Trade liabilities | 70 946 | 59 542 | 70 712 |
Other financial liabilities | 214 | 1 653 | 630 |
Financial liabilities | 2 799 | 2 834 | 2 653 |
Other short-term liabilities | 51 155 | 24 732 | 46 645 |
Income tax liabilities | 0 | 2 | 0 |
Liabilities related to the contract | 3 839 | 4 155 | 5 408 |
Income from future periods | 104 | 3 | 23 |
Provisions | 33 292 | 33 669 | 53 994 |
Total short-term liabilities | 180 210 | 144 582 | 241 105 |
TOTAL LIABILITIES | 1 061 192 | 1 040 674 | 1 064 991 |
01.04.2025 | 01.01.2025 | 01.04.2024 | 01.01.2024 | |
30.06.2025 | 30.06.2025 | 30.06.2024 | 30.06.2024 | |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
Sales revenue | 220 254 | 438 789 | 234 536 | 489 131 |
Costs of the sales | 180 925 | 361 909 | 190 787 | 405 105 |
Gross profit on sales | 39 329 | 76 880 | 43 749 | 84 026 |
Selling costs | 4 117 | 7 245 | 3 090 | 6 658 |
General and administrative costs | 24 148 | 46 750 | 21 981 | 45 072 |
Core business result | 11 064 | 22 885 | 18 678 | 32 296 |
Other operating revenues | 373 | 766 | 1 803 | 2 733 |
Other operating expenses | 192 | 509 | 1 759 | 1 894 |
Operating result | 11 245 | 23 142 | 18 722 | 33 135 |
Loss (reversal of losses) due to impairment on trade and other receivables in -804 1 050 1 034 1 545 | ||||
accordance with IFRS 9 | ||||
Interest revenues | 1 178 | 2 346 | 1 320 | 3 373 |
Financial revenues | 8 097 | 16 174 | 2 848 | 3 435 |
Financial expenses | 3 861 | 16 708 | 4 761 | 7 516 |
Pre-tax profit | 17 463 | 23 904 | 17 095 | 30 882 |
Income tax | 3 154 | 6 387 | 295 | 812 |
current | -929 | 48 | -2 102 | 253 |
deferred | 105 | 669 | 2 698 | 935 |
deferred (activities in Polish Investment Zone) | 3 978 | 5 670 | -301 | -376 |
Net profit | 14 309 | 17 517 | 16 800 | 30 070 |
Weighted-average number of shares | 24 997 774 | 24 938 154 | ||
Earnings per share | 0,70 | 1,21 | ||
Weighted-average diluted number of shares | 26 881 922 | 25 744 611 | ||
Diluted earnings per share | 0,65 | 1,17 | ||
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