Results Snapshot
Figures in Million
Consolidate Annual Results
Dec'25
Dec'24
Dec'23
Dec'22
Dec'21
Dec'20
Dec'19
Net Sales
2,650.47
2,556.90
3,164.38
1,812.20
1,434.51
1,183.44
1,092.49
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
2,650.47
2,556.90
3,164.38
1,812.20
1,434.51
1,183.44
1,092.49
Raw Material Cost
2,325.08
2,343.62
2,161.63
1,641.05
1,225.16
1,073.11
915.94
Purchase of Finished goods
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(Increase) / Decrease In Stocks
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Employee Cost
108.69
103.90
92.55
81.94
70.77
70.09
68.00
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
18.30
5.30
10.40
4.50
3.23
3.18
3.85
Selling and Distribution Expenses
27.18
3.84
588.31
23.35
95.63
95.62
80.39
Other Expenses
-12.70
-10.92
-10.29
-8.64
-7.40
-7.33
-7.19
Total Expenditure (Excl Depreciation)
2,352.26
2,347.47
2,749.94
1,664.40
1,320.80
1,168.73
996.33
Operating Profit (PBDIT) excl Other Income
298.2
209.4
414.4
147.79999999999998
113.69999999999999
14.7
96.19999999999999
Other Income
27.90
43.28
30.23
41.74
16.65
10.12
12.71
Operating Profit (PBDIT)
571.83
480.24
644.68
387.73
312.03
189.47
257.85
Interest
18.30
5.30
10.40
4.50
3.23
3.18
3.85
Exceptional Items
34.80
4.35
-108.65
2.00
-58.38
137.90
1.05
Gross Profit (PBDT)
325.38
213.27
1,002.75
171.15
209.34
110.33
176.55
Depreciation
243.20
227.97
203.94
195.69
177.64
166.42
148.60
Profit Before Tax
345.12
251.32
321.68
189.54
72.77
157.77
106.45
Tax
68.10
49.56
64.97
37.56
15.99
31.81
22.62
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
277.02
201.75
255.70
149.53
56.25
123.94
82.92
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
277.02
201.75
255.70
149.53
56.25
123.94
82.92
Share in Profit of Associates
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Minority Interest
0.00
0.00
1.02
2.45
0.53
2.02
0.91
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
277.02
201.75
256.72
151.98
56.79
125.95
83.83
Equity Capital
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Face Value
5.0
5.0
5.0
5.0
5.0
5.0
5.0
Reserves
2,597.80
2,338.26
2,137.08
1,882.74
1,739.63
1,679.54
1,556.87
Earnings per share (EPS)
18.59
13.54
17.16
10.04
3.78
8.32
5.56
Diluted Earnings per share
18.59
13.54
17.16
10.04
3.78
8.32
5.56
Operating Profit Margin (Excl OI)
11.35%
8.17%
12.97%
8.29%
8.21%
1.09%
8.84%
Gross Profit Margin
22.2%
18.74%
16.61%
21.26%
17.46%
27.39%
23.35%
PAT Margin
10.45%
7.89%
8.08%
8.25%
3.92%
10.47%
7.59%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Dec 2025 is 3.66% vs -19.20% in Dec 2024
Consolidate Net Profit
YoY Growth in year ended Dec 2025 is 37.26% vs -21.39% in Dec 2024
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Dec 2025 is 24.46% vs -28.87% in Dec 2024
Interest
YoY Growth in year ended Dec 2025 is 245.28% vs -49.04% in Dec 2024
Operating Profit Margin (Excl OI)
YoY Growth in year ended Dec 2025 has improved from Dec 2024
Compare Annual Results Of Zespol Elektrocieplowni Wroclawskich Kogeneracja SA With
Figures in Million
Consolidate Annual Results
Change(PLN)
Change(%)
Net Sales
2,650.47
1,333.83
1,316.64
98.71%
Other Operating Income
0.00
0.00
0.00
Total Operating income
2,650.47
1,333.83
1,316.64
98.71%
Raw Material Cost
2,325.08
1,243.77
1,081.31
86.94%
Purchase of Finished goods
0
0
0.00
(Increase) / Decrease In Stocks
0
0
0.00
Employee Cost
108.69
329.91
-221.22
-67.05%
Power Cost
0
0
0.00
Manufacturing Expenses
18.30
4.59
13.71
298.69%
Selling and Distribution Expenses
27.18
173.70
-146.52
-84.35%
Other Expenses
-12.70
-33.45
20.75
62.03%
Total Expenditure (Excl Depreciation)
2,352.26
1,417.47
934.79
65.95%
Operating Profit (PBDIT) excl Other Income
298.20
-83.63
381.83
456.57%
Other Income
27.90
0.53
27.37
5,164.15%
Operating Profit (PBDIT)
571.83
-29.98
601.81
2,007.37%
Interest
18.30
4.59
13.71
298.69%
Exceptional Items
34.80
-0.84
35.64
4,242.86%
Gross Profit (PBDT)
325.38
90.07
235.31
261.25%
Depreciation
243.20
63.65
179.55
282.09%
Profit Before Tax
345.12
-99.06
444.18
448.39%
Tax
68.10
5.38
62.72
1,165.80%
Provisions and contingencies
0
0
0.00
Profit After Tax
277.02
-164.46
441.48
268.44%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0
0
0.00
Other Adjustments
0
0
0.00
Net Profit
277.02
-164.46
441.48
268.44%
Share in Profit of Associates
0
0
0.00
Minority Interest
0.00
0.03
-0.03
-100.00%
Other related items
0.00
0.00
0.00
Consolidated Net Profit
277.02
-164.43
441.45
268.47%
Equity Capital
0
0
0.00
Face Value
5.00
2.00
0.00
Reserves
2,597.80
2,009.41
588.39
29.28%
Earnings per share (EPS)
18.59
-3.24
21.83
673.77%
Diluted Earnings per share
18.59
-3.24
21.83
673.77%
Operating Profit Margin (Excl OI)
11.35%
-7.06%
0.00
18.41%
Gross Profit Margin
22.20%
-2.65%
0.00
24.85%
PAT Margin
10.45%
-12.33%
0.00
22.78%
Public Share Holdings (%)
0%
0%
0.00
0.00%
Pledged Promotor Holding (%)
0%
0%
0.00
0.00%
Annual - Net Sales
Net Sales 265.05 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 3.66% vs -19.20% in Dec 2024
Annual - Consolidate Net Profit
Consolidate Net Profit 27.70 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 37.26% vs -21.39% in Dec 2024
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 54.39 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 24.46% vs -28.87% in Dec 2024
Annual - Interest
Interest 1.83 Million
in Dec 2025Figures in Million
YoY Growth in year ended Dec 2025 is 245.28% vs -49.04% in Dec 2024
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 11.35%
in Dec 2025Figures in %
YoY Growth in year ended Dec 2025 has improved from Dec 2024






