Announcement • May 25
Getin Holding S.A., Annual General Meeting, Jun 18, 2026 Getin Holding S.A., Annual General Meeting, Jun 18, 2026, at 12:00 Central European Standard Time. New Risk • May 23
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: zł3.2m (US$887k) This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (zł3.2m revenue, or US$887k). Minor Risks Dividend is not well covered by earnings (dividend per share is over 18x earnings per share). Market cap is less than US$100m (zł94.1m market cap, or US$25.8m). New Risk • Mar 24
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Dividend per share is over 18x earnings per share. Current dividend yield: 116% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (dividend per share is over 18x earnings per share). Revenue is less than US$5m (zł5.7m revenue, or US$1.5m). Market cap is less than US$100m (zł102.5m market cap, or US$27.7m). Reported Earnings • Mar 24
Full year 2025 earnings released: zł0.01 loss per share (vs zł0.01 profit in FY 2024) Full year 2025 results: zł0.01 loss per share (down from zł0.01 profit in FY 2024). Net loss: zł1.92m (down 205% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 11
Getin Holding S.A. to Report Q3, 2025 Results on Nov 13, 2025 Getin Holding S.A. announced that they will report Q3, 2025 results on Nov 13, 2025 Announcement • Aug 20
Getin Holding S.A. to Report First Half, 2025 Results on Aug 28, 2025 Getin Holding S.A. announced that they will report first half, 2025 results on Aug 28, 2025 New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Polish stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (19% average weekly change). Minor Risks Dividend is not well covered by earnings (201% payout ratio). Revenue is less than US$5m (zł12m revenue, or US$3.4m). Market cap is less than US$100m (zł56.2m market cap, or US$15.6m). Upcoming Dividend • Jun 27
Upcoming dividend of zł0.62 per share Eligible shareholders must have bought the stock before 04 July 2025. Payment date: 11 July 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 32%. Within top quartile of Polish dividend payers (6.9%). Higher than average of industry peers (6.6%). Reported Earnings • May 05
Full year 2024 earnings released: EPS: zł0.01 (vs zł0.14 in FY 2023) Full year 2024 results: EPS: zł0.01 (down from zł0.14 in FY 2023). Revenue: zł12.5m (down 93% from FY 2023). Net income: zł1.82m (down 93% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 25
Alkemi Limited completed the acquisition of Idea Bank S.A. from Getin Holding S.A. (WSE:GTN) and others for $36.5 million. Alkemi Limited signed a purchase and sale agreement to acquire Idea Bank S.A. from Getin Holding S.A. (WSE:GTN) and others for $34 million on October 18, 2024. A cash consideration of $34 million will be paid by Alkemi Limited. As part of consideration, $34 million is paid towards common equity of Idea Bank S.A. As a part of the transaction, the buyer of 100% of the shares is Alkemi Limited (Cyprus), a member of TAS Group. The condition for completing the deal is obtaining permission from the Antimonopoly Committee of Ukraine and approval of the purchase of Idea Bankshares by the National Bank of Ukraine, the agreement is regulated by English law and the requirements of the Warsaw Stock Exchange. As of December 12, 2024, The Antimonopoly Committee of Ukraine approved the deal. on March 14, the National Bank of Ukraine extended the deadline for making a decision on approving the Idea Bank purchase and sale agreement for another 30 business days. Then the deadline for fulfilling the suspensive conditions was extended to March 31. As of March 29, 2025, Getin Holding SA has concluded another amendment to the agreement with Alkemi for acquisition of Idea Bank for fulfilling the suspensive conditions has been extended until April 30, 2025. As of April, 21, 2025, National Bank of Ukraine (NBU) have approved the transaction.
Alkemi Limited completed the acquisition of Idea Bank S.A. from Getin Holding S.A. (WSE:GTN) and others for $36.5 million on April 23, 2025. Reported Earnings • Nov 18
Third quarter 2024 earnings released: zł0.011 loss per share (vs zł0.04 loss in 3Q 2023) Third quarter 2024 results: zł0.011 loss per share (improved from zł0.04 loss in 3Q 2023). Net loss: zł2.08m (loss narrowed 71% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Oct 18
Alkemi Limited signed a purchase and sale agreement to acquire Public Joint Stock Company Idea Bank from Getin Holding S.A. (WSE:GTN) and others for $34 million. Alkemi Limited signed a purchase and sale agreement to acquire Idea Bank S.A. from Getin Holding S.A. (WSE:GTN) and others for $34 million on October 18, 2024. A cash consideration of $34 million will be paid by Alkemi Limited. As part of consideration, $34 million is paid towards common equity of Idea Bank S.A. As a part of the transaction, the buyer of 100% of the shares is Alkemi Limited (Cyprus), a member of TAS Group. The condition for completing the deal is obtaining permission from the Antimonopoly Committee of Ukraine and approval of the purchase of Idea Bankshares by the National Bank of Ukraine, the agreement is regulated by English law and the requirements of the Warsaw Stock Exchange. Reported Earnings • Aug 30
Second quarter 2024 earnings released: zł0.009 loss per share (vs zł0.04 profit in 2Q 2023) Second quarter 2024 results: zł0.009 loss per share (down from zł0.04 profit in 2Q 2023). Revenue: zł276.0k (down 99% from 2Q 2023). Net loss: zł1.87m (down 125% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: zł0.02 (vs zł0.02 in 1Q 2023) First quarter 2024 results: EPS: zł0.02 (in line with 1Q 2023). Revenue: zł33.5m (up 14% from 1Q 2023). Net income: zł3.70m (down 18% from 1Q 2023). Profit margin: 11% (down from 15% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Apr 05
Getin Holding Decides to Pay Dividend, Payable on April 12, 2024 Getin Holding's shareholders have decided that the company will pay a dividend of PLN 0.27 (EUR 0.06) gross per share, i.e. a total of PLN 51.2 million (EUR 11.93 millon) from the reserve capital in the part created from net profit from previous years, the company said in a release. The dividend date was set for April 9, 2024 and the payment date for the dividend was set for April 12, 2024. Upcoming Dividend • Apr 01
Upcoming dividend of zł0.27 per share Eligible shareholders must have bought the stock before 08 April 2024. Payment date: 12 April 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 31%. Within top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (7.7%). Reported Earnings • Mar 11
Full year 2023 earnings released: EPS: zł0.14 (vs zł1.17 loss in FY 2022) Full year 2023 results: EPS: zł0.14 (up from zł1.17 loss in FY 2022). Net income: zł27.3m (up zł249.2m from FY 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Announcement • Mar 10
Getin Holding S.A., Annual General Meeting, Apr 04, 2024 Getin Holding S.A., Annual General Meeting, Apr 04, 2024, at 12:00 Central European Standard Time. Reported Earnings • Aug 28
Second quarter 2023 earnings released: EPS: zł0.04 (vs zł0.045 loss in 2Q 2022) Second quarter 2023 results: EPS: zł0.04 (up from zł0.045 loss in 2Q 2022). Revenue: zł33.8m (up 44% from 2Q 2022). Net income: zł7.55m (up zł16.1m from 2Q 2022). Profit margin: 22% (up from net loss in 2Q 2022). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 27
Upcoming dividend of zł0.58 per share Eligible shareholders must have bought the stock before 04 May 2023. Payment date: 10 May 2023. Trailing yield: 66%. Within top quartile of Polish dividend payers (7.7%). Higher than average of industry peers (4.3%). Upcoming Dividend • Dec 01
Upcoming dividend of zł1.00 per share Eligible shareholders must have bought the stock before 08 December 2022. Payment date: 30 December 2022. The company last paid an ordinary dividend in January 2013. The average dividend yield among industry peers is 4.4%. Announcement • Apr 09
Getin Holding S.A., Annual General Meeting, May 10, 2022 Getin Holding S.A., Annual General Meeting, May 10, 2022, at 12:00 Central European Standard Time. Location: Company’s registered office ul. Gwiadzista 66 Wroclaw Poland Agenda: To consider adoption of a resolution on the election of the chairman of the general meeting; to consider statement of the validity of the convocation of the general meeting and its capacity to adopt resolutions; to consider adoption of a resolution on the acceptance of the agenda; to consider adoption of a resolution on approval of the report of the Supervisory Board for the year 2021; to consider adoption of a resolution on examination and approval of the annual report of the Management Board on performance of Getin Holding S.A. and Getin Holding Capital Group for the year 2021; and to consider other matters. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 17% share price gain to zł1.18, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 13x in the Banks industry in Poland. Total loss to shareholders of 37% over the past three years. Reported Earnings • Nov 13
Third quarter 2021 earnings released: EPS zł0.14 (vs zł0.066 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: zł63.4m (down 55% from 3Q 2020). Net income: zł25.7m (up 121% from 3Q 2020). Profit margin: 41% (up from 8.2% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 05
Second quarter 2021 earnings released: EPS zł0.078 (vs zł0.057 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: zł49.9m (down 58% from 2Q 2020). Net income: zł14.7m (up 22% from 2Q 2020). Profit margin: 30% (up from 10% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improved over the past week After last week's 26% share price gain to zł1.60, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 15x in the Banks industry in Poland. Total returns to shareholders of 8.2% over the past three years. Executive Departure • Jun 09
Deputy President of Management Board Krzysztof Bielecki has left the company On the 28th of May, Krzysztof Bielecki's tenure as Deputy President of Management Board ended after 4.4 years in the role. We don't have any record of a personal shareholding under Krzysztof's name. A total of 2 executives have left over the last 12 months. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 17% share price gain to zł1.27, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 15x in the Banks industry in Poland. Total loss to shareholders of 51% over the past three years. Announcement • Jun 04
BT Investments S.R.L. and Banca Transilvania S.A. (BVB:TLV) signed agreement to acquire Idea Bank S.A./Idea Investment S.A. from Getin Holding S.A. (WSE:GTN) and GETIN International SA for approximately RON 210 million. BT Investments S.R.L. and Banca Transilvania S.A. (BVB:TLV) signed agreement to acquire Idea Bank S.A./Idea Investment S.A. from Getin Holding S.A. (WSE:GTN) and GETIN International SA for approximately RON 210 million on June 2, 2021. Banca Transilvania S.A. (BVB:TLV) will acquire 99.9999996031% stake in Idea Bank S.A. for RON 212.999926 million. BT Investments S.R.L. will acquire 0.00000003969% in Idea Bank S.A. for RON 1, and 0.0038659% in Idea Investment S.A. for RON 73. The transaction is subject to certain conditions including approval from Romanian antimonopoly authority, obtaining consent or non-objection of the Supreme National Defense Council of Romania, obtaining the decision of the National Bank of Romania and approval from Romanian Financial Supervisory Authority. As of June 3, 2021 the Board of Director of Banca Transilvania S.A. has approved the transaction. The Parties agreed that the conditions set out in the Agreement shall be satisfied not later than by December 31, 2021 otherwise the Parties shall be entitled to terminate the agreement. Reported Earnings • May 29
First quarter 2021 earnings released: EPS zł0.084 (vs zł0.082 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: zł82.3m (flat on 1Q 2020). Net income: zł16.7m (up 7.4% from 1Q 2020). Profit margin: 20% (up from 19% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 24
New 90-day low: zł0.71 The company is down 22% from its price of zł0.91 on 26 November 2020. The Polish market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 13% over the same period. Announcement • Feb 06
An unknown buyer signed an agreement to acquire New Finance Service sp. z o.o. and Public Joint Stock Company Idea Bank An unknown buyer signed an agreement to acquire New Finance Service sp. z o.o. and Public Joint Stock Company Idea Bank on February 5, 2021. The transaction is expected to close on September 30, 2021. Is New 90 Day High Low • Dec 08
New 90-day high: zł0.92 The company is up 6.0% from its price of zł0.87 on 09 September 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is up 25% over the same period. Announcement • Nov 11
Getin Holding Seeks to Sell Its Stake in Idea Bank Getin Holding S.A. (WSE:GTN) starts actions aiming at sale of its stake in Idea Bank S.A. Is New 90 Day High Low • Oct 14
New 90-day low: zł0.73 The company is down 35% from its price of zł1.14 on 16 July 2020. The Polish market is down 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 14% over the same period. Is New 90 Day High Low • Sep 19
New 90-day low: zł0.74 The company is down 32% from its price of zł1.09 on 19 June 2020. The Polish market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 11% over the same period. 