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    Electronic technology

  3. •

    Electronic equipment/Instruments
Apator S.A.

Apator S.A.

GGPW:APT
26.05
PLN
-0.15
(-0.57%)
3.09EPS
8.56P/E
768.57MMarket Cap
Nov 17Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
23.15
24.57
26.04
28.51
29.93
28.11
30
32.01
32.22
37.21
39.15
42.27
41.39
45.5
Basic EPS, GAAP
2.28
2.84
2.04
1.93
1.44
2.3
1.83
2.06
2.13
0.23
0.28
2.52
2.72
3.1
Free Cash Flow per Basic Share
0.63
2.15
0.67
0.76
3.29
1.59
2.12
1.78
-2.07
1.79
3.72
5.14
4.05
5.72
Dividend per Share
1.41
0.63
0.8
1.1
1.12
1.26
1.37
1.13
0.77
0.51
0.5
0.6
0.6
0.01
Book Value per Share
9.78
11.64
12.55
13.27
13.62
14.32
14.91
15.56
16.7
18.5
18.49
20.32
22.38
22.65
Tangible Book Value per Share
7.65
7.57
6.55
6.97
7.22
7.77
8.19
8.58
9.58
10.65
11.09
13.15
15.14
15.27
Basic Weighted Avg Shares
30
30
30
30
30
29
29
29
29
29
29
29
29
29
Sales/Revenue/Turnover
683
725
769
841
883
828
878
935
940
1,082
1,137
1,228
1,202
1,321
Operating Margin (%)
12.47
13.73
9.82
8.04
7.22
11.25
8.73
8.25
5.72
4.12
4.89
7.21
6.19
7.91
Depreciation Expense
21
24
31
35
39
42
50
53
56
56
56
57
69
73
Net Income, GAAP
67
84
60
57
43
68
53
60
62
7
8
73
79
90
Effective Tax Rate (%)
17.29
19.61
19.72
9.38
27
24.56
25.17
24.02
25.7
54.73
69.13
10.52
1.38
3.45
Profit Margin (%)
9.86
11.56
7.82
6.75
4.82
8.19
6.09
6.44
6.62
0.61
0.72
5.95
6.58
6.8
Working Capital
92
134
118
89
60
72
78
67
94
56
128
158
169
173
LT Debt
11
74
83
61
38
30
37
27
56
36
67
54
48
46
Total Equity
325
388
420
443
455
477
493
518
551
539
539
593
652
659
Return on Invested Capital (%)
18.32
17.52
10.59
9.5
7.01
10.48
8.43
8.6
9.33
1.72
1.52
9.78
10.91
12.63
Return on Capital (%)
18.43
18.33
10.45
9.56
7.01
10.7
8.34
8.9
8.6
1.65
1.66
10.79
11.31
12.82
Return on Common Equity (%)
21.64
23.63
15.01
13.29
9.56
14.7
11.16
12.09
11.76
1.22
1.52
12.96
12.76
14.3

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
90
89
85
LT Borrowings
20
18
17
LT Finance Leases
29
26
29
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
29
29
29
Market Capitalization
673
647
769

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
500
532
558
Cash, Cash Equivalents & STI
21
29
76
Accounts Receivable, Net
203
225
187
Inventories
252
246
260
Total Current Liabilities
331
342
385
Payables & Accruals
- -
- -
- -
ST Debt
90
89
85
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.57%
4.84%
9.98%
Free Cash Flow
3.18%
-55.73%
-21.12%
Net Income, GAAP
76.32%
148.59%
8.27%
Sales/Revenue/Turnover
4.73%
5.32%
-2.12%
Total Cash Common Dividend
-0.56%
-9.52%
0.42%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
296
338
293
301
1,228
2025
284
286
296
336
1,202
2026
333
356
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.41
0.91
0.6
0.6
2.52
2025
0.41
0.61
0.8
0.9
2.72
2026
0.69
0.71
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.3
0.6
2025
- -
- -
- -
0.01
0.6
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Maciej Wyczesany
Full Time Employees
2,334
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
Ostaszewo 57C Torun KP Poland 87-148
IPO Date
Apr 24, 1997
Website
apator.com.pl
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Business
Apator S.A. manufactures and sells metering devices and systems for electricity, water, heat, and gas sectors; provides advanced solutions supporting the operation of utility networks, including smart meters, remote reading systems, automation for power grid management, and technologies for renewable energy integration in local energy systems. The company operates through three specialized segments—Electricity, Water & Heat, and Gas—offering products such as electronic, smart, induction, and RES electricity meters; water meters, heat meters, flow sensors, and heating cost allocators; household and industrial gas meters; installation fittings; protection equipment against short circuits and overloads; ICT systems for data acquisition and asset management; 4GRID Engine for high-efficiency system integration; and GISMO for lighting infrastructure management, primarily targeting utilities, energy distributors, and industrial customers across Europe with manufacturing in Poland and sales offices in Germany, the UK, Czech Republic, and other regions. Founded in 1949 and headquartered in Toruń, Poland, with operational relocation to a modern production center in Ostaszewo near Toruń, Apator S.A. leads as an international capital group, incorporating subsidiaries like Apator Metrix in Tczew for gas metering, Apator Powogaz for water solutions, and Apator Elkomtech for energy transmission systems, while holding a strong position in the European modern energy market. Recent developments include the incorporation of Apator Elkomtech into Apator S.A.'s structure; announcement in August 2024 of intent to merge with 100%-owned subsidiary Fabryka Aparatury Pomiarowej PAFAL S.A. (roots to 1897), planned for January 2026 under simplified procedure; subsequent decision in September 2025 to liquidate FAP PAFAL S.A. due to revenue loss and market prospects, enabling cost optimization and focus on core projects (less than 2% of 2024 Group revenues); and new Management Board appointments in June 2025, with Maciej Wyczesany as President and CEO and Łukasz Zaworski as Chief Product Officer, driving product strategy and development.