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    Airlines, Airports & Air Services
Enter Air Sp. z o.o.

Enter Air Sp. z o.o.

ENT.WA
Enter Air Sp. z o.o.PL flagWarsaw Stock Exchange
50.50
PLN
-0.30
- -
885.96MMarket Cap
Enter Air Sp. z o.o.
ENT.WA
(Warsaw Stock Exchange)

Recent

price

50.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
43.15
46.19
54.43
73.88
92.04
26.82
63.86
128.58
149.68
166.8
168.28
169.21
Revenue per Share
1.93
2.63
3.33
3.67
4.83
-8.78
-6.68
4.12
11.2
3.37
12.69
2.1
Basic EPS, GAAP
2.03
5.11
2.03
6.72
13.81
1.94
12.77
20.15
19.3
26.02
27.16
24.8
Free Cash Flow per Basic Share
- -
0.2
0.55
0.55
0.7
- -
- -
- -
- -
4.4
3
- -
Dividend per Share
2.93
3.64
4.09
3.65
3.85
5.03
-1.65
2.47
13.67
13
21.72
12.67
Book Value per Share
9.71
12.15
14.93
17.23
20.48
11.73
5.06
9.18
20.14
19.17
28.29
19.26
Tangible Book Value per Share
18
18
18
18
18
18
18
18
18
18
18
18
Basic Weighted Avg Shares
757
810
955
1,296
1,615
471
1,120
2,256
2,626
2,926
2,952
2,969
Sales/Revenue/Turnover
7.45
7.58
6.66
8.9
10.83
-28.46
2.02
7.63
6.25
7.35
4.99
4.41
Operating Margin (%)
20
36
26
32
173
174
223
217
239
324
425
440
Depreciation Expense
34
46
58
64
85
-154
-117
72
196
59
223
37
Net Income, GAAP
20.81
20.68
20
20.21
21.23
- -
- -
6.31
18.33
15.63
17.42
4.24
Effective Tax Rate (%)
4.46
5.7
6.11
4.97
5.25
-32.75
-10.45
3.2
7.48
2.02
7.54
1.24
Profit Margin (%)
85
63
-22
-71
-204
-384
-205
-149
-201
-230
-232
-347
Working Capital
99
256
312
490
875
940
1,078
1,090
1,088
1,600
1,665
1,838
LT Debt
170
213
262
303
360
206
89
161
358
347
500
341
Total Equity
- -
10.79
8.39
12.06
11.65
- -
- -
10.14
7.61
8.38
4.85
4.96
Return on Invested Capital (%)
- -
18.67
16.89
14.19
14.81
- -
- -
8.02
15.24
6.63
13.2
5.91
Return on Capital (%)
- -
80.17
86.06
94.82
128.74
-197.84
- -
- -
138.77
25.27
73.09
15.43
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
482
405
491
LT Borrowings
14
13
13
LT Finance Leases
1,717
1,651
1,825
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
18
18
Market Capitalization
1,000
1,025
934

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
797
477
438
Cash, Cash Equivalents & STI
403
246
127
Accounts Receivable, Net
280
123
210
Inventories
13
11
11
Total Current Liabilities
982
709
785
Payables & Accruals
- -
- -
- -
ST Debt
482
405
491
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.69%
37.43%
44.14%
Free Cash Flow
99.4%
130.48%
4.35%
Net Income, GAAP
1.6%
38.56%
276.62%
Sales/Revenue/Turnover
28.25%
53.64%
0.89%
Total Cash Common Dividend
- -
- -
-31.82%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
393
773
1,188
573
2,926
2025
465
790
1,168
529
2,952
2026
482
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-3.66
2.28
10.58
- -
3.37
2025
1.54
9.16
6.2
- -
12.69
2026
-9.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
4.4
2025
- -
- -
- -
- -
3
2026
- -
- -
- -
- -
- -
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Business
Enter Air Sp. z o.o. (ENT.WA) operates as Poland's largest charter airline, providing scheduled and charter passenger air transportation services primarily to leisure travelers across Europe, the Middle East, and North Africa. The company offers flights utilizing a fleet of Boeing 737 aircraft, including narrow-body models such as the 737-800 and 737 MAX variants; services encompass charter operations for tour operators, ad-hoc passenger transport, and scheduled routes to popular vacation destinations like Greece, Turkey, Egypt, Spain, and the Canary Islands. Enter Air serves major customer segments including tour operators, travel agencies, individual leisure passengers, and corporate clients, with operations spanning over 100 destinations in approximately 25 countries from its primary bases at Warsaw Chopin Airport and Katowice International Airport in Poland. Founded in 2010 and headquartered in Warsaw, Poland, the company focuses on the low-cost and charter aviation segments within the broader airline industry, emphasizing high-season capacity for summer holiday routes and wet-lease services to other carriers. Its geographic footprint includes key hubs in Poland, with seasonal expansions into bases in Germany, the UK, and other European countries to support partner tour operators. In recent developments, Enter Air expanded its fleet in 2024 with the addition of new Boeing 737 MAX aircraft to enhance operational efficiency and route capacity amid growing demand for Mediterranean and long-haul leisure flights. The company secured a significant strategic partnership with major Polish tour operator Itaka in late 2024, extending exclusive charter agreements through 2027 and supporting fleet modernization initiatives. Additionally, Enter Air announced operational expansions into new routes to Asia and strengthened its wet-lease offerings to European carriers in 2025, reflecting a shift toward diversified revenue streams beyond traditional charter services.