Reported Earnings • May 21
First quarter 2026 earnings released: EPS: zł0.006 (vs zł0.029 in 1Q 2025) First quarter 2026 results: EPS: zł0.006 (down from zł0.029 in 1Q 2025). Revenue: zł3.10m (down 5.6% from 1Q 2025). Net income: zł45.5k (down 78% from 1Q 2025). Profit margin: 1.5% (down from 6.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Apr 26
Dividend of zł0.05 announced Shareholders will receive a dividend of zł0.05. Ex-date: 14th May 2026 Payment date: 22nd May 2026 Dividend yield will be 5.9%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (80% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 15% to shift the payout ratio to a potentially unsustainable range, which is less than the 20% EPS decline seen over the last 5 years. Announcement • Mar 26
Poltronic S.A., Annual General Meeting, Apr 21, 2026 Poltronic S.A., Annual General Meeting, Apr 21, 2026, at 14:00 Central European Standard Time. Reported Earnings • Nov 18
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł3.33m (up 2.6% from 3Q 2024). Net income: zł121.8k (up 5.8% from 3Q 2024). Profit margin: 3.7% (up from 3.6% in 3Q 2024). Announcement • Nov 12
Poltronic S.A. to Report Q3, 2025 Results on Nov 14, 2025 Poltronic S.A. announced that they will report Q3, 2025 results on Nov 14, 2025 Buy Or Sell Opportunity • Sep 11
Now 30% overvalued The stock has been flat over the last 90 days, currently trading at zł0.66. The fair value is estimated to be zł0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. Buy Or Sell Opportunity • Aug 20
Now 25% overvalued Over the last 90 days, the stock has fallen 3.0% to zł0.64. The fair value is estimated to be zł0.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 50%. Reported Earnings • Aug 20
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł3.44m (up 15% from 2Q 2024). Net income: zł60.2k (up zł140.5k from 2Q 2024). Profit margin: 1.7% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 28
Dividend increased to zł0.05 Dividend of zł0.05 is 150% higher than last year. Ex-date: 15th May 2025 Payment date: 23rd May 2025 Dividend yield will be 7.0%, which is lower than the industry average of 10%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 65% to shift the payout ratio to a potentially unsustainable range, which is more than the 7.4% EPS decline seen over the last 5 years. Announcement • Apr 27
Poltronic S.A. announces Annual dividend, payable on May 23, 2025 Poltronic S.A. announced Annual dividend of PLN 0.0500 per share payable on May 23, 2025, ex-date on May 15, 2025 and record date on May 16, 2025. Announcement • Mar 31
Poltronic S.A., Annual General Meeting, Apr 25, 2025 Poltronic S.A., Annual General Meeting, Apr 25, 2025. New Risk • Mar 28
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (zł4.37m market cap, or US$1.13m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Revenue is less than US$5m (zł13m revenue, or US$3.3m). New Risk • Nov 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (zł4.29m market cap, or US$1.03m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Revenue is less than US$5m (zł14m revenue, or US$3.3m). Reported Earnings • Aug 18
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł3.00m (up 1.9% from 2Q 2023). Net loss: zł80.3k (loss narrowed 2.1% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 58% 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. New Risk • May 19
New major risk - Revenue and earnings growth Earnings have declined by 4.8% 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. Earnings have declined by 4.8% per year over the past 5 years. Market cap is less than US$10m (zł5.37m market cap, or US$1.37m). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.9% net profit margin). Revenue is less than US$5m (zł14m revenue, or US$3.5m). Reported Earnings • May 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł3.49m (down 2.7% from 1Q 2023). Net income: zł253.5k (up 37% from 1Q 2023). Profit margin: 7.3% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Upcoming Dividend • May 09
Upcoming dividend of zł0.02 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 45% and the cash payout ratio is 83%. Trailing yield: 2.7%. Lower than top quartile of Polish dividend payers (7.6%). Lower than average of industry peers (9.9%). Announcement • Mar 29
Poltronic S.A., Annual General Meeting, Apr 26, 2024 Poltronic S.A., Annual General Meeting, Apr 26, 2024, at 11:00 Central European Standard Time. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł3.16m (up 9.0% from 3Q 2022). Net income: zł51.1k (down 42% from 3Q 2022). Profit margin: 1.6% (down from 3.0% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł2.94m (down 6.2% from 2Q 2022). Net loss: zł82.0k (down 127% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • May 21
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł3.59m (flat on 1Q 2022). Net income: zł184.8k (down 65% from 1Q 2022). Profit margin: 5.1% (down from 15% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 22
Full year 2022 earnings released Full year 2022 results: Revenue: zł13.6m (down 3.5% from FY 2021). Net income: zł922.4k (down 13% from FY 2021). Profit margin: 6.8% (down from 7.5% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Poltronic S.A. to Report Fiscal Year 2022 Results on Mar 20, 2023 Poltronic S.A. announced that they will report fiscal year 2022 results on Mar 20, 2023 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 19% share price gain to zł1.13, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 6x in the Trade Distributors industry in Poland. Total returns to shareholders of 395% over the past three years. Upcoming Dividend • Jul 19
Upcoming dividend of zł0.09 per share Eligible shareholders must have bought the stock before 26 July 2022. Payment date: 23 August 2022. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 7.6%. Lower than top quartile of Polish dividend payers (8.5%). In line with average of industry peers (7.2%). Announcement • May 25
Poltronic S.A., Annual General Meeting, Jun 28, 2022 Poltronic S.A., Annual General Meeting, Jun 28, 2022, at 14:00 Central European Standard Time. Reported Earnings • May 22
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł3.61m (down 8.2% from 1Q 2021). Net income: zł531.1k (up 3.7% from 1Q 2021). Profit margin: 15% (up from 13% in 1Q 2021). Buying Opportunity • May 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be zł1.31, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 40%. Buying Opportunity • Feb 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be zł1.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 47% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł1.12, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 7x in the Trade Distributors industry in Poland. Total returns to shareholders of 479% over the past three years. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 15% share price gain to zł1.48, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 9x in the Trade Distributors industry in Poland. Total returns to shareholders of 735% over the past three years. Upcoming Dividend • Sep 15
Upcoming dividend of zł0.10 per share Eligible shareholders must have bought the stock before 22 September 2021. Payment date: 16 December 2021. Trailing yield: 6.5%. Within top quartile of Polish dividend payers (6.1%). Higher than average of industry peers (3.1%). Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 21% share price gain to zł1.54, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 11x in the Trade Distributors industry in Poland. Total returns to shareholders of 715% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 23% share price gain to zł1.35, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 11x in the Trade Distributors industry in Poland. Total returns to shareholders of 525% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 15% share price gain to zł1.22, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 15x in the Trade Distributors industry in Poland. Total returns to shareholders of 466% over the past three years. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 15% share price gain to zł1.05, the stock trades at a trailing P/E ratio of 8.5x, up from the previous P/E ratio of 7.4x. Average P/E is 15x in the Trade Distributors industry in Poland. Total returns to shareholders over the past three years are 388%. Is New 90 Day High Low • Mar 15
New 90-day high: zł1.05 The company is up 6.0% from a price of zł0.99 on 15 December 2020. Underperformed the Polish market, which is up 7.0% over the last 90 days. Lagged the Trade Distributors industry, which is up 16% over the same period. Is New 90 Day High Low • Jan 04
New 90-day high: zł1.04 The company is up 5.0% from its price of zł0.99 on 06 October 2020. The Polish market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 21% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: zł0.70 The company is down 18% from its price of zł0.86 on 30 July 2020. The Polish market is down 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is down 8.0% over the same period. Is New 90 Day High Low • Oct 08
New 90-day low: zł0.82 The company is down 33% from its price of zł1.23 on 10 July 2020. The Polish market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 17% over the same period. Announcement • Jul 17
Poltronic S.A. to Report Q1, 2020 Results on Jun 26, 2020 Poltronic S.A. announced that they will report Q1, 2020 results on Jun 26, 2020