New Risk • Jun 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (zł761k revenue, or US$207k). Market cap is less than US$10m (zł23.6m market cap, or US$6.41m). Minor Risk Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Announcement • May 29
Alta S.A., Annual General Meeting, Jun 25, 2026 Alta S.A., Annual General Meeting, Jun 25, 2026, at 13:00 Central European Standard Time. New Risk • Dec 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m (zł761k revenue, or US$210k). Market cap is less than US$10m (zł24.6m market cap, or US$6.77m). Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Announcement • Nov 15
Alta S.A. to Report Q3, 2025 Results on Nov 19, 2025 Alta S.A. announced that they will report Q3, 2025 results on Nov 19, 2025 New Risk • Oct 05
New major risk - Revenue and earnings growth Earnings have declined by 4.5% 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 Earnings have declined by 4.5% per year over the past 5 years. Revenue is less than US$1m (zł641k revenue, or US$177k). Market cap is less than US$10m (zł29.8m market cap, or US$8.23m). Announcement • Aug 21
Alta S.A. to Report First Half, 2025 Results on Sep 17, 2025 Alta S.A. announced that they will report first half, 2025 results on Sep 17, 2025 New Risk • Jun 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 341% Last year net profit margin: 2,851% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł521k revenue, or US$139k). Market cap is less than US$10m (zł34.1m market cap, or US$9.06m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (341% net profit margin). Reported Earnings • Nov 29
Third quarter 2024 earnings released: zł0.052 loss per share (vs zł0.034 loss in 3Q 2023) Third quarter 2024 results: zł0.052 loss per share (further deteriorated from zł0.034 loss in 3Q 2023). Net loss: zł822.0k (loss widened 57% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to zł2.56, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 17x in the Industrials industry in Europe. Total returns to shareholders of 3.2% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to zł2.40, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 17x in the Industrials industry in Europe. Total loss to shareholders of 14% over the past three years. Reported Earnings • Sep 26
Second quarter 2024 earnings released: zł0.068 loss per share (vs zł0.11 loss in 2Q 2023) Second quarter 2024 results: zł0.068 loss per share (improved from zł0.11 loss in 2Q 2023). Net loss: zł1.03m (loss narrowed 37% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł2.86, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 18x in the Industrials industry in Europe. Total loss to shareholders of 1.7% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł3.28, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 23x in the Industrials industry in Europe. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł2.79, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 22x in the Industrials industry in Europe. Total returns to shareholders of 19% over the past three years. New Risk • Jun 12
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 9.1% 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 Risks Share price has been highly volatile over the past 3 months (9.1% average weekly change). Revenue is less than US$1m (zł506k revenue, or US$126k). Market cap is less than US$10m (zł35.2m market cap, or US$8.78m). Minor Risk Large one-off items impacting financial results. Announcement • May 25
Alta S.A., Annual General Meeting, Jun 27, 2024 Alta S.A., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł2.15, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 16x in the Industrials industry in Europe. Total returns to shareholders of 41% over the past three years. New Risk • Apr 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł572k revenue, or US$140k). Market cap is less than US$10m (zł32.3m market cap, or US$7.93m). Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (432% net profit margin). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł1.82, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Industrials industry in Europe. Total returns to shareholders of 50% over the past three years. Reported Earnings • Nov 26
Third quarter 2023 earnings released Third quarter 2023 results: Net loss: zł524.0k (down zł559.0k from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Sep 29
Second quarter 2023 earnings released Second quarter 2023 results: Net loss: zł1.63m (loss widened 112% from 2Q 2022). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł1.86, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 13x in the Industrials industry in Europe. Total returns to shareholders of 58% over the past three years. New Risk • Jul 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Polish stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (zł583k revenue, or US$144k). Market cap is less than US$10m (zł23.9m market cap, or US$5.92m). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (668% net profit margin). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł1.66, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 12x in the Industrials industry in Europe. Total returns to shareholders of 55% over the past three years. Announcement • Jun 04
Alta S.A., Annual General Meeting, Jun 28, 2023 Alta S.A., Annual General Meeting, Jun 28, 2023, at 11:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 16% share price gain to zł1.56, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 15x in the Industrials industry in Europe. Total loss to shareholders of 16% over the past three years. Reported Earnings • Sep 30
Second quarter 2022 earnings released Second quarter 2022 results: Net loss: zł770.0k (loss widened 325% from 2Q 2021). Announcement • Jun 07
Alta S.A., Annual General Meeting, Jun 30, 2022 Alta S.A., Annual General Meeting, Jun 30, 2022, at 11:00 Central European Standard Time. Reported Earnings • May 02
Full year 2021 earnings released: EPS: zł0.52 (vs zł1.10 in FY 2020) Full year 2021 results: EPS: zł0.52 (down from zł1.10 in FY 2020). Net income: zł7.92m (down 53% from FY 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Net loss: zł351.0k (loss narrowed 35% from 3Q 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 01
Second quarter 2021 earnings released: zł0.013 loss per share (vs zł0.65 loss in 2Q 2020) Second quarter 2021 results: Net loss: zł181.0k (loss narrowed 98% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of zł0.25 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 20 October 2021. Trailing yield: 8.0%. Within top quartile of Polish dividend payers (6.2%). Higher than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improved over the past week After last week's 17% share price gain to zł3.39, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 22x in the Industrials industry in Europe. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 15% share price gain to zł2.93, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 23x in the Industrials industry in Europe. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 16% share price gain to zł2.77, the stock trades at a trailing P/E ratio of 2.4x. Average trailing P/E is 22x in the Industrials industry in Europe. Total loss to shareholders of 15% over the past three years. Reported Earnings • Jun 01
First quarter 2021 earnings released: zł0.05 loss per share (vs zł0.13 loss in 1Q 2020) First quarter 2021 results: Net loss: zł832.0k (loss narrowed 57% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: zł1.62 The company is up 30% from its price of zł1.25 on 02 December 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Industrials industry, which is up 11% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: zł1.33 The company is up 5.0% from its price of zł1.27 on 10 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Industrials industry, which is down 2.0% over the same period. Reported Earnings • Dec 02
Third quarter 2020 earnings released: zł0.035 loss per share Third quarter 2020 results: Net loss: zł539.0k (down 114% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 22
New 90-day low: zł1.06 The company is down 20% from its price of zł1.33 on 24 July 2020. The Polish market is down 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Industrials industry, which is down 5.0% over the same period. Is New 90 Day High Low • Oct 02
New 90-day low: zł1.11 The company is down 1.0% from its price of zł1.12 on 03 July 2020. The Polish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Industrials industry, which is up 3.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total losses of zł10.3m, with earnings decreasing by zł14.4m from the prior year.