New Risk • May 25
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: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł47.6m market cap, or US$13.0m). Upcoming Dividend • Apr 15
Upcoming dividend of zł0.34 per share Eligible shareholders must have bought the stock before 22 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 8.4%. Within top quartile of Polish dividend payers (7.0%). Higher than average of industry peers (4.3%). Declared Dividend • Mar 23
Dividend reduced to zł0.34 Dividend of zł0.34 is 21% lower than last year. Ex-date: 22nd April 2026 Payment date: 27th April 2026 Dividend yield will be 6.7%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 23
Centrum Finansowe S.A., Annual General Meeting, Apr 16, 2026 Centrum Finansowe S.A., Annual General Meeting, Apr 16, 2026, at 10:00 Central European Standard Time. New Risk • Mar 05
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: 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 (7.2% average weekly change). Market cap is less than US$100m (zł55.7m market cap, or US$15.1m). Announcement • Feb 10
Centrum Finansowe S.A. to Report Q4, 2025 Results on Feb 12, 2026 Centrum Finansowe S.A. announced that they will report Q4, 2025 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Jan 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to zł5.55, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total returns to shareholders of 76% over the past three years. Reported Earnings • Nov 10
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł4.74m (down 14% from 3Q 2024). Net income: zł1.66m (down 27% from 3Q 2024). Profit margin: 35% (down from 41% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Announcement • Nov 06
Centrum Finansowe S.A. to Report Q3, 2025 Results on Nov 06, 2025 Centrum Finansowe S.A. announced that they will report Q3, 2025 results on Nov 06, 2025 Reported Earnings • May 13
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł5.20m (up 16% from 1Q 2024). Net income: zł862.9k (down 49% from 1Q 2024). Profit margin: 17% (down from 38% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Apr 15
Upcoming dividend of zł0.43 per share Eligible shareholders must have bought the stock before 22 April 2025. Payment date: 25 April 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 8.1%. Within top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (4.8%). Declared Dividend • Mar 26
Dividend reduced to zł0.43 Dividend of zł0.43 is 6.5% lower than last year. Ex-date: 22nd April 2025 Payment date: 25th April 2025 Dividend yield will be 8.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 25
Full year 2024 earnings released Full year 2024 results: Revenue: zł21.1m (up 1.2% from FY 2023). Net income: zł8.85m (up 3.0% from FY 2023). Profit margin: 42% (in line with FY 2023). Announcement • Mar 24
Centrum Finansowe S.A., Annual General Meeting, Apr 17, 2025 Centrum Finansowe S.A., Annual General Meeting, Apr 17, 2025. New Risk • Feb 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (zł47.8m market cap, or US$12.0m). Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł5.65m (up 14% from 2Q 2023). Net income: zł2.66m (up 9.6% from 2Q 2023). Profit margin: 47% (down from 49% in 2Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • May 10
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł4.50m (up 1.9% from 1Q 2023). Net income: zł1.69m (down 9.5% from 1Q 2023). Profit margin: 38% (down from 42% 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 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 25
Upcoming dividend of zł0.46 per share Eligible shareholders must have bought the stock before 02 May 2024. Payment date: 09 May 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 9.5%. Within top quartile of Polish dividend payers (7.9%). Higher than average of industry peers (5.1%). Announcement • Apr 04
Centrum Finansowe S.A., Annual General Meeting, Apr 29, 2024 Centrum Finansowe S.A., Annual General Meeting, Apr 29, 2024, at 10:00 Central European Standard Time. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: zł0.93 (vs zł0.90 in FY 2022) Full year 2023 results: EPS: zł0.93 (up from zł0.90 in FY 2022). Revenue: zł20.9m (up 12% from FY 2022). Net income: zł8.59m (up 3.8% from FY 2022). Profit margin: 41% (down from 45% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 5% per year. Reported Earnings • Nov 19
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł4.04m (down 29% from 3Q 2022). Net income: zł1.08m (down 66% from 3Q 2022). Profit margin: 27% (down from 55% in 3Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Reported Earnings • Aug 16
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł4.95m (up 12% from 2Q 2022). Net income: zł2.42m (up 29% from 2Q 2022). Profit margin: 49% (up from 43% in 2Q 2022). New Risk • Jul 05
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: 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 (7.5% average weekly change). Revenue is less than US$5m (zł19m revenue, or US$4.6m). Market cap is less than US$100m (zł41.6m market cap, or US$10.1m). Upcoming Dividend • May 03
Upcoming dividend of zł0.65 per share at 13% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 16 May 2023. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 13%. Within top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (7.0%). Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: zł0.90 (vs zł0.72 in FY 2021) Full year 2022 results: EPS: zł0.90 (up from zł0.72 in FY 2021). Revenue: zł18.6m (up 19% from FY 2021). Net income: zł8.28m (up 37% from FY 2021). Profit margin: 45% (up from 39% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 19% share price gain to zł4.56, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 208% over the past three years. Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improved over the past week After last week's 17% share price gain to zł4.56, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 8x in the Commercial Services industry in Poland. Total returns to shareholders of 236% over the past three years. Reported Earnings • Nov 20
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł5.72m (up 30% from 3Q 2021). Net income: zł3.13m (up 34% from 3Q 2021). Profit margin: 55% (up from 53% in 3Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorated over the past week After last week's 15% share price decline to zł3.52, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 136% over the past three years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 19% share price gain to zł4.56, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 186% over the past three years. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorated over the past week After last week's 25% share price decline to zł3.12, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 8x in the Commercial Services industry in Poland. Total returns to shareholders of 104% over the past three years. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment deteriorated over the past week After last week's 22% share price decline to zł3.74, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 8x in the Commercial Services industry in Poland. Total returns to shareholders of 205% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 18% share price gain to zł5.00, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 8x in the Commercial Services industry in Poland. Total returns to shareholders of 307% over the past three years. Upcoming Dividend • Jun 15
Upcoming dividend of zł0.44 per share Eligible shareholders must have bought the stock before 22 June 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 10%. Within top quartile of Polish dividend payers (8.2%). In line with average of industry peers (10.0%). Upcoming Dividend • May 18
Upcoming dividend of zł0.44 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 02 June 2022. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 9.4%. Within top quartile of Polish dividend payers (7.6%). Higher than average of industry peers (8.3%). Reported Earnings • May 16
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł4.07m (up 13% from 1Q 2021). Net income: zł2.04m (up 31% from 1Q 2021). Profit margin: 50% (up from 44% in 1Q 2021). Announcement • Apr 26
Centrum Finansowe S.A., Annual General Meeting, May 19, 2022 Centrum Finansowe S.A., Annual General Meeting, May 19, 2022, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 31% share price gain to zł4.70, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to zł3.96, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 9x in the Commercial Services industry in Poland. Total returns to shareholders of 14% over the past year. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: zł0.72 (up from zł0.65 in FY 2020). Revenue: zł15.7m (up 5.2% from FY 2020). Net income: zł6.04m (up 11% from FY 2020). Profit margin: 39% (up from 37% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Reported Earnings • Aug 14
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: zł3.61m (up 13% from 2Q 2020). Net income: zł1.38m (up zł1.21m from 2Q 2020). Profit margin: 38% (up from 5.2% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 14
Upcoming dividend of zł0.60 per share Eligible shareholders must have bought the stock before 21 May 2021. Payment date: 25 May 2021. Trailing yield: 12%. Within top quartile of Polish dividend payers (5.3%). Higher than average of industry peers (3.3%). Reported Earnings • Apr 25
Full year 2020 earnings released: EPS zł0.65 (vs zł0.65 in FY 2019) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: zł14.9m (up 8.9% from FY 2019). Net income: zł5.43m (flat on FY 2019). Profit margin: 37% (down from 40% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improved over the past week After last week's 17% share price gain to zł4.54, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 14x in the Commercial Services industry in Poland. Total loss to shareholders of 23% over the past three years. Is New 90 Day High Low • Mar 02
New 90-day low: zł3.34 The company is down 4.0% from its price of zł3.48 on 02 December 2020. The Polish market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 35% over the same period. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS zł0.65 (vs zł0.65 in FY 2019) The company reported a mediocre full year result with weaker profit margins, although earnings were flat and revenues improved. Full year 2020 results: Revenue: zł14.9m (up 8.9% from FY 2019). Net income: zł5.46m (flat on FY 2019). Profit margin: 37% (down from 40% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% 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 • Jan 04
New 90-day high: zł4.30 The company is up 20% from its price of zł3.58 on 06 October 2020. The Polish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 2.0% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 18% share price gain to zł4.10, the stock is trading at a trailing P/E ratio of 6.6x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 10x in the Commercial Services industry in Poland. Total return to shareholders over the past three years is a loss of 31%. Is New 90 Day High Low • Dec 14
New 90-day high: zł3.98 The company is up 14% from its price of zł3.50 on 15 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to zł3.98, the stock is trading at a trailing P/E ratio of 6.4x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total return to shareholders over the past three years is a loss of 33%. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 19% share price gain to zł3.68, the stock is trading at a trailing P/E ratio of 7x, up from the previous P/E ratio of 5.9x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total return to shareholders over the past three years is a loss of 37%. Announcement • Aug 24
Centrum Finansowe S.A. to Report Q1, 2020 Results on Aug 05, 2020 Centrum Finansowe S.A. announced that they will report Q1, 2020 results on Aug 05, 2020