Reported Earnings • May 24
First quarter 2026 earnings released: EPS: zł0.37 (vs zł0.53 in 1Q 2025) First quarter 2026 results: EPS: zł0.37 (down from zł0.53 in 1Q 2025). Revenue: zł173.4m (up 2.2% from 1Q 2025). Net income: zł2.43m (down 30% from 1Q 2025). Profit margin: 1.4% (down from 2.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 30
MFO S.A., Annual General Meeting, May 28, 2026 MFO S.A., Annual General Meeting, May 28, 2026, at 10:00 Central European Standard Time. Reported Earnings • Nov 21
Third quarter 2025 earnings released: EPS: zł0.50 (vs zł0.26 in 3Q 2024) Third quarter 2025 results: EPS: zł0.50 (up from zł0.26 in 3Q 2024). Revenue: zł177.5m (up 14% from 3Q 2024). Net income: zł3.28m (up 90% from 3Q 2024). Profit margin: 1.8% (up from 1.1% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Nov 15
MFO S.A. to Report Q3, 2025 Results on Nov 20, 2025 MFO S.A. announced that they will report Q3, 2025 results on Nov 20, 2025 Reported Earnings • Sep 25
Second quarter 2025 earnings released: EPS: zł0.66 (vs zł0.15 in 2Q 2024) Second quarter 2025 results: EPS: zł0.66 (up from zł0.15 in 2Q 2024). Revenue: zł170.6m (up 11% from 2Q 2024). Net income: zł4.34m (up 333% from 2Q 2024). Profit margin: 2.5% (up from 0.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Aug 22
MFO S.A. to Report First Half, 2025 Results on Sep 25, 2025 MFO S.A. announced that they will report first half, 2025 results on Sep 25, 2025 Reported Earnings • May 23
First quarter 2025 earnings released: EPS: zł0.53 (vs zł0.47 in 1Q 2024) First quarter 2025 results: EPS: zł0.53 (up from zł0.47 in 1Q 2024). Revenue: zł169.7m (up 6.9% from 1Q 2024). Net income: zł3.48m (up 12% from 1Q 2024). Profit margin: 2.1% (up from 2.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • May 01
MFO S.A., Annual General Meeting, May 29, 2025 MFO S.A., Annual General Meeting, May 29, 2025. Reported Earnings • Nov 22
Third quarter 2024 earnings released: EPS: zł0.26 (vs zł0.17 in 3Q 2023) Third quarter 2024 results: EPS: zł0.26 (up from zł0.17 in 3Q 2023). Revenue: zł155.4m (up 16% from 3Q 2023). Net income: zł1.72m (up 49% from 3Q 2023). Profit margin: 1.1% (up from 0.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 20
Second quarter 2024 earnings released: EPS: zł0.15 (vs zł1.26 loss in 2Q 2023) Second quarter 2024 results: EPS: zł0.15 (up from zł1.26 loss in 2Q 2023). Revenue: zł154.2m (up 7.0% from 2Q 2023). Net income: zł1.00m (up zł9.32m from 2Q 2023). Profit margin: 0.7% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • May 24
First quarter 2024 earnings released: EPS: zł0.47 (vs zł0.22 in 1Q 2023) First quarter 2024 results: EPS: zł0.47 (up from zł0.22 in 1Q 2023). Revenue: zł158.8m (up 4.6% from 1Q 2023). Net income: zł3.12m (up 117% from 1Q 2023). Profit margin: 2.0% (up from 0.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 31
Full year 2023 earnings released: zł2.24 loss per share (vs zł3.73 profit in FY 2022) Full year 2023 results: zł2.24 loss per share (down from zł3.73 profit in FY 2022). Revenue: zł575.9m (down 38% from FY 2022). Net loss: zł14.8m (down 160% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 26
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł134.0m (down 28% from 3Q 2022). Net income: zł1.16m (up zł5.17m from 3Q 2022). Profit margin: 0.9% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Sep 21
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: zł144.1m (down 51% from 2Q 2022). Net loss: zł8.32m (down 129% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • May 30
First quarter 2023 earnings released First quarter 2023 results: Revenue: zł151.7m (down 49% from 1Q 2022). Net income: zł1.44m (down 91% from 1Q 2022). Profit margin: 0.9% (down from 5.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 27
MFO S.A., Annual General Meeting, Jun 21, 2023 MFO S.A., Annual General Meeting, Jun 21, 2023, at 11:00 Central European Standard Time. Agenda: AGM. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: zł3.73 (vs zł20.12 in FY 2021) Full year 2022 results: EPS: zł3.73 (down from zł20.12 in FY 2021). Revenue: zł922.8m (down 6.8% from FY 2021). Net income: zł24.6m (down 82% from FY 2021). Profit margin: 2.7% (down from 13% in FY 2021). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 26
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: zł187.2m (down 42% from 3Q 2021). Net loss: zł4.01m (down 107% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 23
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: zł295.3m (up 27% from 2Q 2021). Net income: zł28.5m (down 17% from 2Q 2021). Profit margin: 9.6% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of zł4.00 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 02 September 2022. Trailing yield: 9.2%. Within top quartile of Polish dividend payers (8.6%). Higher than average of industry peers (3.9%). Reported Earnings • May 29
First quarter 2022 earnings released First quarter 2022 results: Revenue: zł295.1m (up 67% from 1Q 2021). Net income: zł16.8m (down 11% from 1Q 2021). Profit margin: 5.7% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Announcement • May 20
MFO S.A., Annual General Meeting, Jun 14, 2022 MFO S.A., Annual General Meeting, Jun 14, 2022, at 11:00 Central European Standard Time. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: zł20.12 (vs zł4.08 in FY 2020) Full year 2021 results: EPS: zł20.12 (up from zł4.08 in FY 2020). Revenue: zł990.4m (up 134% from FY 2020). Net income: zł133.0m (up 393% from FY 2020). Profit margin: 13% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 28
Third quarter 2021 earnings: Revenues in line with analyst expectations Third quarter 2021 results: Revenue: zł323.8m (up 205% from 3Q 2020). Net income: zł62.0m (up zł56.2m from 3Q 2020). Profit margin: 19% (up from 5.4% in 3Q 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 37% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improved over the past week After last week's 18% share price gain to zł59.00, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 6x in the Metals and Mining industry in Poland. Total returns to shareholders of 173% over the past three years. Reported Earnings • Sep 26
Second quarter 2021 earnings released: EPS zł5.16 (vs zł0.25 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: zł233.5m (up 127% from 2Q 2020). Net income: zł34.1m (up zł32.5m from 2Q 2020). Profit margin: 15% (up from 1.6% 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 20% per year and the company’s share price has also increased by 20% per year. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to zł52.80, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the Metals and Mining industry in Poland. Total returns to shareholders of 91% over the past three years. Upcoming Dividend • Jun 02
Inaugural dividend of zł1.00 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 24 June 2021. The company last paid an ordinary dividend in May 2019. The average dividend yield among industry peers is 1.6%. Is New 90 Day High Low • Feb 27
New 90-day high: zł32.00 The company is up 39% from its price of zł23.00 on 27 November 2020. The Polish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 24% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: zł31.00 The company is up 53% from its price of zł20.20 on 12 November 2020. The Polish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 43% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: zł30.80 The company is up 60% from its price of zł19.30 on 27 October 2020. The Polish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 46% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: zł29.20 The company is up 51% from its price of zł19.40 on 09 October 2020. The Polish market is up 19% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 61% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 17% share price gain to zł27.60, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.7x. This compares to an average P/E of 10x in the Metals and Mining industry in Poland. Total return to shareholders over the past three years is a loss of 12%. Is New 90 Day High Low • Dec 09
New 90-day high: zł23.60 The company is up 19% from its price of zł19.90 on 09 September 2020. The Polish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 26% over the same period. Valuation Update With 7 Day Price Move • Nov 20
Market bids up stock over the past week After last week's 18% share price gain to zł23.00, the stock is trading at a trailing P/E ratio of 6.7x, up from the previous P/E ratio of 5.7x. This compares to an average P/E of 8x in the Metals and Mining industry in Poland. Total return to shareholders over the past three years is a loss of 32%. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 22% share price gain to zł21.60, the stock is trading at a trailing P/E ratio of 6.3x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 7x in the Metals and Mining industry in Poland. Total return to shareholders over the past three years is a loss of 26%. Is New 90 Day High Low • Oct 26
New 90-day low: zł18.30 The company is down 18% from its price of zł22.40 on 28 July 2020. The Polish market is down 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 2.0% over the same period. Reported Earnings • Sep 20
First half earnings released Over the last 12 months the company has reported total profits of zł22.5m, up 3.0% from the prior year. Total revenue was zł427.4m over the last 12 months, down 3.4% from the prior year.