Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
8.85%
0%
8.85%
6 Months
16.04%
0%
16.04%
1 Year
28.8%
0%
28.8%
2 Years
55.21%
0%
55.21%
3 Years
86.84%
0%
86.84%
4 Years
211.39%
0%
211.39%
5 Years
112.68%
0%
112.68%
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
17.74%
EBIT Growth (5y)
55.17%
EBIT to Interest (avg)
33.42
Debt to EBITDA (avg)
0.26
Net Debt to Equity (avg)
0.14
Sales to Capital Employed (avg)
1.00
Tax Ratio
19.72%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
8.67%
ROE (avg)
9.62%
Valuation key factors
Factor
Value
P/E Ratio
3
Industry P/E
Price to Book Value
0.39
EV to EBIT
3.35
EV to EBITDA
2.06
EV to Capital Employed
0.44
EV to Sales
0.48
PEG Ratio
0.04
Dividend Yield
18.36%
ROCE (Latest)
13.21%
ROE (Latest)
12.08%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'26 - QoQ
Mar'26
Dec'25
Change(%)
Net Sales
1,070.40
922.30
16.06%
Operating Profit (PBDIT) excl Other Income
321.70
238.80
34.72%
Interest
4.80
7.60
-36.84%
Exceptional Items
0.80
5.10
-84.31%
Consolidate Net Profit
213.10
142.40
49.65%
Operating Profit Margin (Excl OI)
240.10%
184.40%
5.57%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2026 is 16.06% vs 129.37% in Dec 2025
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2026 is 49.65% vs 1,049.33% in Dec 2025
Annual Results Snapshot (Consolidated) - Dec'25
Dec'25
Dec'24
Change(%)
Net Sales
2,650.50
2,556.90
3.66%
Operating Profit (PBDIT) excl Other Income
543.90
437.00
24.46%
Interest
18.30
5.30
245.28%
Exceptional Items
34.80
4.30
709.30%
Consolidate Net Profit
277.00
201.80
37.26%
Operating Profit Margin (Excl OI)
113.50%
81.70%
3.18%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2025 is 3.66% vs -19.20% in Dec 2024
Consolidated Net Profit
YoY Growth in year ended Dec 2025 is 37.26% vs -21.39% in Dec 2024
About Zespol Elektrocieplowni Wroclawskich Kogeneracja SA 
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA
Power
Zespol Elektrocieplowni Wroclawskich Kogeneracja SA (Kogeneracja SA) is a Poland-based power industry company operating in the production of heating and electricity, as well as wholesale and retail of heat and electric power. In addition, the Company uses and utilizes the combustion side-products and supply of biomass for energy production from renewable sources, production of construction compounds based on cement, aggregates and by-products of coal combustion . The Company operates through three production plants, such as Elektrocieplownia Wroclaw, Elektrocieplownia Czechnica and Elektrocieplownia Zawidawie. Kogeneracja SA is active through subsidiary EC Zielona Gora SA, which produces electricity, and produces and distributes heat.
Company Coordinates 
Company Details
Ul. Lowiecka 24 , WROCLAW None : 50-220
Registrar Details






