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    Software - Infrastructure
Ailleron S.A.

Ailleron S.A.

ALL.WA
Ailleron S.A.PL flagWarsaw Stock Exchange
15.58
PLN
+0.18
- -
192.50MMarket Cap
Ailleron S.A.
ALL.WA
(Warsaw Stock Exchange)

Recent

price

15.58

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2.66
3.76
3.97
1.99
4.64
5.52
7.21
8.21
9.53
11.38
12.64
17.19
33.19
37.2
45.3
46.91
46.51
Revenue per Share
0.45
0.72
0.93
0.55
0.61
0.53
0.62
0.74
0.41
0.04
0.76
0.6
1.07
0.29
1.85
2.08
2.4
Basic EPS, GAAP
-0.11
0.19
0.23
0.09
-0.05
0.53
0.34
0.47
0.44
0.32
1.92
1.12
1.49
3.54
5.69
5.21
5.56
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
0.2
- -
- -
- -
0.32
0.32
1.01
- -
0.81
- -
Dividend per Share
0.81
1.38
1.59
1.76
1.89
2.32
2.94
3.48
3.91
3.93
4.58
7.64
2.22
3.9
5.28
8.92
9.37
Book Value per Share
0.99
2.62
2.59
1.42
0.93
1.7
2.38
3.11
3.46
3.47
4.07
11.54
0.33
2.44
-8.04
-1.84
-0.59
Tangible Book Value per Share
3
3
3
7
12
12
12
12
12
12
12
12
12
12
12
12
12
Basic Weighted Avg Shares
9
12
13
15
54
68
89
101
118
141
156
212
410
453
560
580
577
Sales/Revenue/Turnover
13.44
24.81
28.24
33.4
16.83
13.44
9.17
9.77
5.2
2.88
9.91
12.88
13.09
8.74
10.4
9.84
10.26
Operating Margin (%)
- -
1
1
1
2
3
7
7
8
8
8
8
13
14
15
24
24
Depreciation Expense
1
2
3
4
7
7
8
9
5
- -
9
7
13
4
23
26
30
Net Income, GAAP
13.12
18.11
20.36
18.72
22.49
18.22
5.59
0.09
14.34
71.95
30.26
33.33
19.47
34.26
12.8
- -
25.65
Effective Tax Rate (%)
16.84
19.05
23.44
27.63
13.08
9.64
8.56
9.02
4.26
0.35
6.04
3.51
3.23
0.78
4.08
4.43
5.16
Profit Margin (%)
2
6
5
8
25
32
38
39
43
38
45
136
133
122
112
103
110
Working Capital
- -
- -
- -
- -
17
16
12
16
10
3
21
18
84
87
192
190
181
LT Debt
4
9
12
15
55
67
75
81
87
87
95
215
182
210
260
309
329
Total Equity
- -
34.82
26.19
26.73
14.94
9.02
8.42
9.82
4.86
1.05
8.96
9.75
16.45
8.38
12.22
- -
9.4
Return on Invested Capital (%)
- -
62.09
61.16
43.95
26.6
15.24
15.7
15.84
8.02
0.9
12.31
-1.07
-4.92
-3.84
0.31
- -
-0.99
Return on Capital (%)
- -
65.22
62.97
44.24
40.54
25.96
23.43
23.05
10.99
1.03
17.93
9.87
21.72
9.43
40.5
29.25
32.9
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
44
45
48
LT Borrowings
147
155
147
LT Finance Leases
35
35
34
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12
12
12
Market Capitalization
219
203
217

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
191
216
227
Cash, Cash Equivalents & STI
69
96
99
Accounts Receivable, Net
86
91
97
Inventories
- -
- -
1
Total Current Liabilities
114
113
117
Payables & Accruals
- -
- -
- -
ST Debt
44
45
48
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.55%
33.81%
18.87%
Free Cash Flow
64.64%
36.05%
-8.41%
Net Income, GAAP
223.28%
108.42%
12.37%
Sales/Revenue/Turnover
25.78%
33.32%
3.56%
Total Cash Common Dividend
- -
- -
-18.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
107
143
146
162
560
2025
144
139
135
162
580
2026
141
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
0.63
0.31
0.78
1.85
2025
0.05
0.56
0.72
0.63
2.08
2026
0.49
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.81
2026
- -
- -
- -
- -
- -
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Business
Ailleron S.A. (WSE: ALL) is a Poland-based technology company specializing in software solutions and services for the financial sector; it develops fintech products including retail and corporate banking platforms, omnichannel leasing solutions such as LeaseTech, LiveBank self-service kiosks, and mobile/internet banking applications, alongside comprehensive financial technology services encompassing ideation, design, development, implementation, and support for banks, leasing firms, insurance companies, and fintechs. Founded in 2007 and headquartered in Krakow, Poland, with additional offices in Warsaw, Vienna, Rzeszów, and Bielsko-Biała, the company operates across more than 40 countries, serving over 200 customers including CitiBank, ING, Santander, BNP Paribas, Standard Chartered, Credit Agricole, and SGB Bank, while generating approximately 76% of its revenues from exports primarily in Europe, North America (including Silicon Valley), Southeast Asia, and the US. The Ailleron Group, which includes key subsidiaries like Software Mind Sp. z o.o. (developed in partnership with Enterprise Investors) providing software development for telecommunications under the Amplitiv brand and other innovative firms, as well as Software Mind Nordics and the recently consolidated US-based Prosoft LLC (number8) from Q2 2024 contributing around PLN 98 million in revenues, reported record 2024 sales of PLN 559.7 million, up 24% year-over-year, with EBITDA rising 67% to PLN 83.7 million and net profit surging over 2.5 times to PLN 55.6 million, driven by dynamic growth in the dominant Technology Services segment (PLN 478.5 million, +27%) and a shift toward profitability in FinTech (Q4 2024 operating profit of PLN 4.2 million at 15% margin); recent strategic developments include expansion via acquisitions of software houses in CEE and LATAM regions, strengthened European presence through membership in the Spanish Fintech Association AEFI in May 2025, management transition to CEO Sławomir Soszyński in May 2025, and advancements in AI, cloud/SaaS models, and hyper-automation to target new markets.