공시 • Nov 25
Ruch Chorzów S.A., Annual General Meeting, Dec 19, 2025 Ruch Chorzów S.A., Annual General Meeting, Dec 19, 2025, at 10:00 Central European Standard Time. Reported Earnings • Nov 18
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł6.90m (up 33% from 1Q 2025). Net loss: zł3.17m (loss widened 15% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. 공시 • Nov 15
Ruch Chorzów S.A. to Report Fiscal Year 2025 Results on Nov 21, 2025 Ruch Chorzów S.A. announced that they will report fiscal year 2025 results on Nov 21, 2025 공시 • Nov 12
Ruch Chorzów S.A. to Report Q1, 2026 Results on Nov 14, 2025 Ruch Chorzów S.A. announced that they will report Q1, 2026 results on Nov 14, 2025 Reported Earnings • May 19
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł7.17m (down 12% from 3Q 2024). Net loss: zł382.8k (loss widened 45% from 3Q 2024). New Risk • Feb 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -zł5.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł5.3m free cash flow). Shares are highly illiquid. Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (zł29.2m market cap, or US$7.37m). New Risk • Jan 17
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-zł1.4m). Earnings have declined by 2.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Market cap is less than US$10m (zł28.5m market cap, or US$6.87m). 공시 • Nov 28
Ruch Chorzów S.A., Annual General Meeting, Dec 23, 2024 Ruch Chorzów S.A., Annual General Meeting, Dec 23, 2024. New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-zł945k). Earnings have declined by 0.6% per year over the past 5 years. Market cap is less than US$10m (zł26.3m market cap, or US$6.81m). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding). Reported Earnings • Aug 17
Full year 2024 earnings released: zł0.025 loss per share (vs zł0.034 loss in FY 2023) Full year 2024 results: zł0.025 loss per share (improved from zł0.034 loss in FY 2023). Revenue: zł30.4m (up 108% from FY 2023). Net loss: zł1.71m (loss narrowed 8.5% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • May 19
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: zł8.16m (up 216% from 3Q 2023). Net loss: zł264.3k (loss narrowed 79% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. New Risk • Feb 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-zł4.5m free cash flow). Shares are highly illiquid. Negative equity (-zł2.9m). Market cap is less than US$10m (zł27.0m market cap, or US$6.71m). Minor Risk Shareholders have been diluted in the past year (27% increase in shares outstanding). Reported Earnings • Feb 16
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł7.66m (up 212% from 2Q 2023). Net loss: zł536.6k (loss widened 50% from 2Q 2023). 공시 • Feb 03
Ruch Chorzów S.A. to Report Q4, 2024 Results on Feb 14, 2025 Ruch Chorzów S.A. announced that they will report Q4, 2024 results on Feb 14, 2025 공시 • Dec 02
Ruch Chorzów S.A., Annual General Meeting, Dec 27, 2023 Ruch Chorzów S.A., Annual General Meeting, Dec 27, 2023, at 10:00 Central European Standard Time. Reported Earnings • Nov 17
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł5.63m (up 54% from 1Q 2023). Net loss: zł1.32m (loss widened 145% from 1Q 2023). Reported Earnings • Aug 17
Full year 2023 earnings released: zł0.02 loss per share (vs zł0.011 loss in FY 2022) Full year 2023 results: zł0.02 loss per share (further deteriorated from zł0.011 loss in FY 2022). Revenue: zł14.6m (up 48% from FY 2022). Net loss: zł1.12m (loss widened 90% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 143 percentage points per year, which is a significant difference in performance. Reported Earnings • May 21
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł2.58b (up zł2.58b from 3Q 2022). Net loss: zł1.25b (loss widened zł1.25b from 3Q 2022). Reported Earnings • Feb 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł2.45m (down 21% from 2Q 2022). Net loss: zł358.3k (down 199% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 19
Full year 2022 earnings released: zł0.007 loss per share (vs zł0.007 profit in FY 2021) Full year 2022 results: zł0.007 loss per share (down from zł0.007 profit in FY 2021). Revenue: zł9.62m (up 39% from FY 2021). Net loss: zł401.3k (down 211% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 18
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: zł3.11m (up 55% from 2Q 2021). Net income: zł360.7k (up 242% from 2Q 2021). Profit margin: 12% (up from 5.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 18
First quarter 2022 earnings released The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: zł2.28m (up 22% from 1Q 2021). Net income: zł108.6k (down 90% from 1Q 2021). Profit margin: 4.8% (down from 56% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 64% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 18
Full year 2021 earnings released The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: zł6.92m (up 13% from FY 2020). Net income: zł250.6k (up 12% from FY 2020). Profit margin: 3.6% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 17
Second quarter 2021 earnings released The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł2.01m (down 31% from 2Q 2020). Net income: zł105.4k (down 90% from 2Q 2020). Profit margin: 5.2% (down from 37% in 2Q 2020). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 공시 • Sep 19
Janusz Paterman acquired an additional 29.68% stake in Ruch Chorzów S.A. (WSE:RCW). Janusz Paterman acquired an additional 29.68% stake in Ruch Chorzów S.A. (WSE:RCW) on February 22, 2017. Janusz Paterman increased its stake from 0.38% to 30.06% stake in Ruch Chorzów S.A.
Janusz Paterman completed the acquisition of an additional 29.68% stake in Ruch Chorzów S.A. (WSE:RCW) on February 22, 2017.