Equnico SE

Equnico SE

GGPW:EQU
1.45
PLN
-0.02
(-1.37%)
0.08EPS
17.62P/E
381.75MMarket Cap
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
0.14
0.3
0.14
0.15
0.01
0.13
- -
- -
0.89
0.92
0.57
0.32
0.31
0.32
Basic EPS, GAAP
0.55
0.24
-2.37
0.69
-0.01
0.09
0.03
-0.3
-0.01
0.02
0.64
0.03
0.07
0.07
Free Cash Flow per Basic Share
-0.18
-0.76
-0.31
-0.2
0.08
-0.05
-0.05
-0.19
0.04
-0.25
-3.02
- -
0.07
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
Book Value per Share
3.06
3.27
0.88
1.49
0.44
1.97
1.85
1.16
0.49
0.48
2.15
0.53
0.56
0.57
Tangible Book Value per Share
3
3.26
0.87
1.49
0.44
1.97
1.85
1.16
0.03
0.02
2.11
0.52
0.55
0.56
Basic Weighted Avg Shares
11
5
11
6
16
17
24
24
315
315
315
315
315
315
Sales/Revenue/Turnover
2
1
1
1
- -
2
- -
- -
279
292
181
101
98
101
Operating Margin (%)
-177.13
-320.18
-172.57
292.93
-220.83
-86.4
- -
- -
0.61
3.45
61.49
7.24
-5.15
-5.07
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
3
3
13
7
7
8
Net Income, GAAP
6
1
-25
4
- -
2
1
-7
-2
6
201
9
23
22
Effective Tax Rate (%)
29.1
49.44
- -
- -
- -
- -
- -
- -
- -
31.47
0.15
8.96
5.64
4.58
Profit Margin (%)
388.71
80.71
-1,682
444.95
-54.17
70.4
- -
- -
-0.76
2.22
111.17
9.12
23.68
21.53
Working Capital
26
31
2
9
6
34
2
-11
-10
16
-13
-22
38
24
LT Debt
- -
2
1
- -
- -
- -
4
1
1
8
21
10
12
12
Total Equity
32
35
9
17
8
34
45
28
155
151
1,305
311
318
321
Return on Invested Capital (%)
-9.09
-6.12
- -
- -
- -
26.38
-4.08
- -
- -
3.42
13.28
0.74
-1.4
-1.46
Return on Capital (%)
18.2
3.65
- -
- -
- -
9.12
1.54
- -
- -
4.29
27.19
1.1
6.27
6.24
Return on Common Equity (%)
20.08
3.48
-114.37
29.23
-0.87
7.79
1.61
-19.95
-2.34
4.24
48.55
2.19
13.59
13.01

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
20
14
12
LT Borrowings
7
12
12
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
315
315
315
Market Capitalization
289
292
382

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
47
131
129
Cash, Cash Equivalents & STI
5
40
16
Accounts Receivable, Net
26
48
69
Inventories
13
17
20
Total Current Liabilities
38
93
105
Payables & Accruals
- -
- -
- -
ST Debt
20
14
12
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
151.59%
228.31%
1.94%
Free Cash Flow
-417.18%
-802.65%
-3,923.64%
Net Income, GAAP
-53.65%
516.46%
152.84%
Sales/Revenue/Turnover
- -
- -
-2.59%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
18
35
24
24
101
2025
20
19
17
43
98
2026
23
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
0.02
0.03
2025
- -
- -
- -
0.07
0.07
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Krzysztof Dlugosz
Full Time Employees
932
Sector
Industrial services
Industry
Engineering & construction
Address
ul. Zielna 22 Kraków MA Poland 32-085
IPO Date
Sep 27, 2007
Business
Equnico SE operates as a construction and engineering group focused on civil and power infrastructure through its subsidiaries, with activities spanning the design, construction, and modernization of civil and electrical infrastructure, installation of power grids, and provision of related materials and equipment; it maintains production capabilities for mineral-asphalt mixtures, reinforced concrete structures, and steel components used in power, industrial, and civil networks, along with project design, consultancy, certification, and regulatory support services. The company targets large infrastructure investments across multiple regions, delivering turnkey construction services, equipment supply, and project coordination for power generation, transmission, and distribution facilities; it also offers design and technical consulting, project management, and material sourcing for complex infrastructure programs. Founding year is 1950, and its headquarters are in Modlniczka, Poland, with historical ties to Tallinn, Estonia, and operations extending into Poland, Russia, Estonia, and Uzbekistan, reflecting a diversified geographic footprint. In recent years, Equnico SE has undergone transformations including a name change from RESBUD SE in September 2024 and strategic acquisitions of Grid Solutions LLC and United Grid Solutions LLC in 2023 to strengthen its portfolio in central Asian power grid projects, along with reorganizations and relocations of corporate offices and management functions to Poland; the group emphasizes expansion into Central Asia and adjacent markets through its adapted corporate structure and expanded project capacities. The company’s latest major changes include strategic alliances and acquisitions aimed at bolstering its grid infrastructure capabilities and regional growth, along with continued expansion of its core construction and energy-related services across its diversified geographic footprint. Main products and services include construction works for civil, road, rail, and power facilities; production of asphalt mixtures and concrete; supply of construction materials and equipment for large infrastructure investments; building of steel and reinforced concrete structures; erection and modernization of power line installations and power stations; design, consulting, and certification services; project coordination, regulatory approvals, and cost estimation support; and promotional support for construction projects.