Reported Earnings • May 21
First quarter 2026 earnings released First quarter 2026 results: Revenue: zł4.00m (down 12% from 1Q 2025). Net loss: zł274.7k (down 240% from profit in 1Q 2025). 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. Announcement • May 15
Geotrans S.A., Annual General Meeting, Jun 10, 2026 Geotrans S.A., Annual General Meeting, Jun 10, 2026, at 10:00 Central European Standard Time. New Risk • Apr 14
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 7.4% 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 31% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (zł26.9m market cap, or US$7.48m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (3.1% net profit margin). Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to zł6.08, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total loss to shareholders of 39% over the past three years. New Risk • Mar 12
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: 3.1% Last year net profit margin: 24% 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 Earnings have declined by 31% per year over the past 5 years. High level of non-cash earnings (31% accrual ratio). Market cap is less than US$10m (zł26.0m market cap, or US$7.05m). Minor Risk Profit margins are more than 30% lower than last year (3.1% net profit margin). New Risk • Dec 08
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 4.9% 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 34% per year over the past 5 years. High level of non-cash earnings (35% accrual ratio). Market cap is less than US$10m (zł25.2m market cap, or US$6.94m). Minor Risk Share price has been volatile over the past 3 months (4.9% average weekly change). Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to zł6.20, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 7x in the Commercial Services industry in Poland. Total loss to shareholders of 55% over the past three years. Reported Earnings • Nov 10
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: zł5.49m (up 16% from 3Q 2024). Net income: zł758.6k (down 36% from 3Q 2024). Profit margin: 14% (down from 25% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Nov 06
Geotrans S.A. to Report Q3, 2025 Results on Nov 07, 2025 Geotrans S.A. announced that they will report Q3, 2025 results on Nov 07, 2025 Reported Earnings • Aug 12
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: zł5.14m (up 16% from 2Q 2024). Net income: zł171.9k (down 77% from 2Q 2024). Profit margin: 3.3% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • May 12
First quarter 2025 earnings released First quarter 2025 results: Revenue: zł4.56m (down 15% from 1Q 2024). Net income: zł196.3k (down 84% from 1Q 2024). Profit margin: 4.3% (down from 22% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł38.9m (US$9.97m) This is considered a major risk. Companies with a small market capitalization 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 Risks Earnings have declined by 36% per year over the past 5 years. Market cap is less than US$10m (zł38.9m market cap, or US$9.97m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Mar 20
Full year 2024 earnings released Full year 2024 results: Revenue: zł20.5m (up 50% from FY 2023). Net income: zł4.96m (up zł6.67m from FY 2023). Profit margin: 24% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to zł7.76, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total loss to shareholders of 1.8% over the past three years. New Risk • Jan 21
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 7.4% 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 33% per year over the past 5 years. Market cap is less than US$10m (zł37.6m market cap, or US$9.22m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Revenue is less than US$5m (zł18m revenue, or US$4.4m). Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to zł6.82, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total loss to shareholders of 19% over the past three years. Reported Earnings • Aug 11
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: zł4.42m (up 31% from 2Q 2023). Net income: zł735.5k (up zł2.07m from 2Q 2023). Profit margin: 17% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • May 25
Geotrans S.A., Annual General Meeting, Jun 19, 2024 Geotrans S.A., Annual General Meeting, Jun 19, 2024. Reported Earnings • May 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: zł5.36m (up 42% from 1Q 2023). Net income: zł1.20m (up zł1.27m from 1Q 2023). Profit margin: 22% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 20
Full year 2023 earnings released Full year 2023 results: Revenue: zł13.6m (down 47% from FY 2022). Net loss: zł1.71m (down 119% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł2.87m (down 52% from 3Q 2022). Net loss: zł559.0k (down 122% from profit in 3Q 2022). New Risk • Aug 14
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: 11% Last year net profit margin: 26% 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 Risk Market cap is less than US$10m (zł39.7m market cap, or US$9.80m). Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Revenue is less than US$5m (zł19m revenue, or US$4.6m). Reported Earnings • Aug 13
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł3.37m (down 55% from 2Q 2022). Net loss: zł1.33m (down 144% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. New Risk • Aug 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: zł40.4m (US$9.98m) This is considered a major risk. Companies with a small market capitalization 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. This is currently the only risk that has been identified for the company. Announcement • Jun 04
Geotrans S.A., Annual General Meeting, Jun 30, 2023 Geotrans S.A., Annual General Meeting, Jun 30, 2023, at 10:00 Central European Standard Time. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to zł8.48, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Commercial Services industry in Poland. Total loss to shareholders of 61% over the past three years. Reported Earnings • Mar 18
Full year 2022 earnings released Full year 2022 results: Revenue: zł25.8m (up 21% from FY 2021). Net income: zł8.90m (up 419% from FY 2021). Profit margin: 34% (up from 8.0% in FY 2021). The increase in margin was primarily driven by higher revenue. Buying Opportunity • Sep 26
Now 22% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be zł11.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Earnings per share has declined by 4.4%. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 20% share price gain to zł11.12, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 8x in the Commercial Services industry in Poland. Total returns to shareholders of 260% over the past three years. Buying Opportunity • Aug 17
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be zł11.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to zł7.30, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 8x in the Commercial Services industry in Poland. Total returns to shareholders of 252% 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 15% share price decline to zł6.11, the stock trades at a trailing P/E ratio of 10.8x. Average forward P/E is 16x in the Commercial Services industry in Poland. Total returns to shareholders of 344% over the past three years. Buying Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be zł10.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% per annum over the last 3 years. Earnings per share has grown by 46% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 23% share price decline to zł10.78, the stock trades at a trailing P/E ratio of 4x. Average forward P/E is 17x in the Commercial Services industry in Poland. Total returns to shareholders of 411% over the past three years. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to zł16.00, the stock trades at a trailing P/E ratio of 6x. Average forward P/E is 18x in the Commercial Services industry in Poland. Total returns to shareholders of 658% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 17% share price gain to zł21.50, the stock is trading at a trailing P/E ratio of 8x, up from the previous P/E ratio of 6.9x. This compares to an average P/E of 13x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 846%. Is New 90 Day High Low • Feb 06
New 90-day low: zł19.00 The company is down 12% from its price of zł21.50 on 06 November 2020. The Polish market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to zł20.60, the stock is trading at a trailing P/E ratio of 7.7x, down from the previous P/E ratio of 9.7x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 723%. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 17% share price gain to zł25.80, the stock is trading at a trailing P/E ratio of 9.6x, up from the previous P/E ratio of 8.2x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 1,077%. Valuation Update With 7 Day Price Move • Nov 05
Market bids up stock over the past week After last week's 17% share price gain to zł20.90, the stock is trading at a trailing P/E ratio of 7.8x, up from the previous P/E ratio of 6.6x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 785%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 21% share price decline to zł18.40, the stock is trading at a trailing P/E ratio of 6.9x, down from the previous P/E ratio of 8.7x. This compares to an average P/E of 10x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 593%. Valuation Update With 7 Day Price Move • Oct 21
Market pulls back on stock over the past week After last week's 16% share price decline to zł23.30, the stock is trading at a trailing P/E ratio of 8.7x, down from the previous P/E ratio of 10.3x. This compares to an average P/E of 11x in the Commercial Services industry in Poland. Total returns to shareholders over the past three years are 792%. Is New 90 Day High Low • Oct 21
New 90-day low: zł23.30 The company is down 29% from its price of zł32.70 on 23 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 Commercial Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Sep 25
New 90-day low: zł24.40 The company is down 14% from its price of zł28.50 on 26 June 2020. The Polish market is down 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 7.0% over the same period.