Announcement • May 25
Mostostal Plock S.A., Annual General Meeting, Jun 19, 2026 Mostostal Plock S.A., Annual General Meeting, Jun 19, 2026, at 09:00 Central European Standard Time. Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: zł1.02 (vs zł3.18 loss in FY 2024) Full year 2025 results: EPS: zł1.02 (up from zł3.18 loss in FY 2024). Revenue: zł169.4m (up 48% from FY 2024). Net income: zł2.04m (up zł8.39m from FY 2024). Profit margin: 1.2% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (40% accrual ratio). Market cap is less than US$10m (zł29.3m market cap, or US$8.19m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł16.20, the stock trades at a trailing P/E ratio of 6.4x. Average trailing P/E is 16x in the Construction industry in Poland. Total loss to shareholders of 10% over the past three years. New Risk • Aug 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.8x net interest cover). High level of non-cash earnings (40% accrual ratio). Market cap is less than US$10m (zł29.5m market cap, or US$8.12m). Reported Earnings • Aug 17
Second quarter 2025 earnings released: EPS: zł0.23 (vs zł3.37 loss in 2Q 2024) Second quarter 2025 results: EPS: zł0.23 (up from zł3.37 loss in 2Q 2024). Revenue: zł46.5m (up 153% from 2Q 2024). Net income: zł470.0k (up zł7.21m from 2Q 2024). Profit margin: 1.0% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 04
Full year 2024 earnings released: zł3.18 loss per share (vs zł5.85 loss in FY 2023) Full year 2024 results: zł3.18 loss per share (improved from zł5.85 loss in FY 2023). Revenue: zł114.1m (flat on FY 2023). Net loss: zł6.36m (loss narrowed 46% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. New Risk • Feb 24
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 14% 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 (14% average weekly change). Earnings have declined by 52% per year over the past 5 years. Market cap is less than US$10m (zł32.0m market cap, or US$8.09m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Feb 20
Now 23% overvalued Over the last 90 days, the stock has fallen 4.9% to zł10.70. The fair value is estimated to be zł8.70, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 27% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jan 17
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 7.0% 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 52% per year over the past 5 years. Market cap is less than US$10m (zł18.7m market cap, or US$4.52m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.0% average weekly change). Buy Or Sell Opportunity • Dec 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to zł10.50. The fair value is estimated to be zł13.19, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 21% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Oct 06
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł18.4m (down 40% from 2Q 2023). Net loss: zł6.74m (down zł7.94m from profit in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 10
Now 23% overvalued Over the last 90 days, the stock has fallen 20% to zł14.40. The fair value is estimated to be zł11.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 04
Now 20% overvalued Over the last 90 days, the stock has fallen 19% to zł13.95. The fair value is estimated to be zł11.61, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 27
New major risk - Revenue and earnings growth Earnings have declined by 27% 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 27% per year over the past 5 years. Market cap is less than US$10m (zł28.5m market cap, or US$7.08m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • May 21
Mostostal Plock S.A., Annual General Meeting, Jun 21, 2024 Mostostal Plock S.A., Annual General Meeting, Jun 21, 2024. Buy Or Sell Opportunity • Apr 30
Now 23% overvalued Over the last 90 days, the stock has fallen 19% to zł14.15. The fair value is estimated to be zł11.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Mar 30
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. High level of non-cash earnings (64% accrual ratio). Market cap is less than US$10m (zł33.7m market cap, or US$8.48m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 19
Upcoming dividend of zł0.80 per share at 3.6% yield Eligible shareholders must have bought the stock before 26 June 2023. Payment date: 27 July 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Polish dividend payers (7.2%). Lower than average of industry peers (5.1%). Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł21.50, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 8x in the Construction industry in Poland. Total returns to shareholders of 411% over the past three years. Buying Opportunity • Oct 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be zł22.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 43%. Announcement • Sep 09
Mostostal Plock S.A. to Report First Half, 2022 Results on Sep 13, 2022 Mostostal Plock S.A. announced that they will report first half, 2022 results on Sep 13, 2022 Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł20.20, the stock trades at a trailing P/E ratio of 2x. Average trailing P/E is 8x in the Construction industry in Poland. Total returns to shareholders of 293% over the past three years. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł30.20, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 694% over the past three years. Reported Earnings • Jun 02
First quarter 2022 earnings released: EPS: zł0.92 (vs zł0.64 in 1Q 2021) First quarter 2022 results: EPS: zł0.92 (up from zł0.64 in 1Q 2021). Revenue: zł88.2m (up 195% from 1Q 2021). Net income: zł1.85m (up 45% from 1Q 2021). Profit margin: 2.1% (down from 4.3% 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 55% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 30
Upcoming dividend of zł4.00 per share Eligible shareholders must have bought the stock before 06 June 2022. Payment date: 07 July 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 12%. Within top quartile of Polish dividend payers (7.8%). Higher than average of industry peers (6.9%). Announcement • Apr 12
Mostostal Plock S.A., Annual General Meeting, May 06, 2022 Mostostal Plock S.A., Annual General Meeting, May 06, 2022, at 10:00 Central European Standard Time. Agenda: AGM. Announcement • Apr 06
Mostostal Plock S.A. to Report Fiscal Year 2021 Final Results on Apr 06, 2022 Mostostal Plock S.A. announced that they will report fiscal year 2021 final results on Apr 06, 2022 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 22% share price gain to zł32.70, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Construction industry in Poland. Total returns to shareholders of 694% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 15% share price gain to zł29.00, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 10x in the Construction industry in Poland. Total returns to shareholders of 688% over the past three years. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improved over the past week After last week's 17% share price gain to zł28.00, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 10x in the Construction industry in Poland. Total returns to shareholders of 849% over the past three years. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: zł2.00 (up from zł1.59 in 3Q 2020). Revenue: zł37.8m (up 57% from 3Q 2020). Net income: zł3.99m (up 26% from 3Q 2020). Profit margin: 11% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 85% per year whereas the company’s share price has increased by 86% per year. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 19% share price gain to zł27.30, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 325% over the past three years. Reported Earnings • Aug 21
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł52.3m (up 127% from 2Q 2020). Net income: zł9.18m (up zł8.03m from 2Q 2020). Profit margin: 18% (up from 5.0% in 2Q 2020). The increase in margin was driven by higher revenue. 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 48% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 15% share price gain to zł24.70, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Construction industry in Poland. Total returns to shareholders of 254% over the past three years. Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment improved over the past week After last week's 45% share price gain to zł17.00, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Construction industry in Poland. Total returns to shareholders of 157% over the past three years. Upcoming Dividend • Jun 19
Upcoming dividend of zł0.50 per share Eligible shareholders must have bought the stock before 25 June 2021. Payment date: 22 July 2021. Trailing yield: 4.0%. Lower than top quartile of Polish dividend payers (5.9%). Higher than average of industry peers (3.6%). Reported Earnings • Apr 28
Full year 2020 earnings released The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: zł96.8m (down 15% from FY 2019). Net income: zł4.47m (down 13% from FY 2019). Profit margin: 4.6% (up from 4.5% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 15
New 90-day high: zł14.65 The company is up 69% from a price of zł8.66 on 15 December 2020. Outperformed the Polish market which is up 7.0% over the last 90 days. Exceeded the Construction industry, which is up 25% over the same period. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł11.00, the stock is trading at a trailing P/E ratio of 3.7x, down from the previous P/E ratio of 4.4x. This compares to an average P/E of 9x in the Construction industry in Poland. Total returns to shareholders over the past three years are 3.8%. Announcement • Feb 02
Mostostal Plock S.A. to Report Q1, 2021 Results on May 28, 2021 Mostostal Plock S.A. announced that they will report Q1, 2021 results on May 28, 2021 Is New 90 Day High Low • Jan 19
New 90-day high: zł12.50 The company is up 54% from its price of zł8.10 on 21 October 2020. The Polish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 41% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 32% share price gain to zł11.60, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3x. This compares to an average P/E of 8x in the Construction industry in Poland. Total returns to shareholders over the past three years are 13%. Is New 90 Day High Low • Dec 30
New 90-day high: zł9.90 The company is up 21% from its price of zł8.20 on 01 October 2020. The Polish market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Construction industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 24
New 90-day high: zł9.16 The company is up 7.0% from its price of zł8.58 on 25 August 2020. The Polish market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day low: zł8.02 The company is down 13% from its price of zł9.20 on 17 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 Construction industry, which is up 4.0% over the same period. Reported Earnings • Oct 01
First half earnings released Over the last 12 months the company has reported total profits of zł4.64m, down 40% from the prior year. Total revenue was zł106.5m over the last 12 months, down 10% from the prior year.