Niewiadow Polish Military Group Joint Stock Company

Niewiadow Polish Military Group Joint Stock Company

GGPW:GNS
16.30
PLN
-0.30
(-1.81%)
0.02EPS
431.87P/E
2.35BMarket Cap
Dec 02Next 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
0.02
0.02
0.02
0.05
0.01
0.01
0.01
0.02
0.05
0.03
0.03
1.88
0.56
0.53
Basic EPS, GAAP
0.11
-0.04
-0.13
-0.1
-0.05
-0.04
0.01
0.04
- -
-0.04
-0.12
0.05
0.01
0.04
Free Cash Flow per Basic Share
-0.03
0.07
-0.09
-0.05
-0.02
-0.02
-0.02
-0.02
-0.08
-0.04
-0.12
0.01
-0.56
-0.78
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.12
0.07
-0.06
-0.16
-0.01
-0.05
-0.04
- -
- -
0.21
0.34
1.13
0.99
1.09
Tangible Book Value per Share
0.11
0.07
-0.06
-0.16
-0.01
-0.05
-0.04
-0.02
- -
0.21
0.14
0.89
0.75
0.85
Basic Weighted Avg Shares
2
2
2
2
6
6
6
6
6
6
11
41
124
131
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
77
70
70
Operating Margin (%)
6.5
180.26
-327.27
-84.52
-145.11
-292.71
132.8
0.36
1.63
-145.49
-194.29
8.64
-15.23
-6.81
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
2
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
2
1
5
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
57.54
- -
55.12
Profit Margin (%)
468.92
-176.48
-532.3
-196.87
-458.58
-483.02
110.94
192.96
0.32
-159.1
-370.09
2.52
1.53
7.28
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
-2
94
90
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
36
38
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
4
17
147
168
Return on Invested Capital (%)
1.34
- -
- -
- -
- -
- -
105.28
- -
7.71
- -
- -
4.05
- -
-1.28
Return on Capital (%)
109.24
- -
- -
- -
- -
- -
122.73
- -
4.64
- -
- -
20.07
- -
9.35
Return on Common Equity (%)
176.8
-46.23
- -
- -
- -
- -
- -
- -
114.78
-38.18
-52.48
19.25
1.37
6.28

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2
1
7
LT Borrowings
32
34
36
LT Finance Leases
1
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
139
140
140
Market Capitalization
2,171
1,702
2,350

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
135
127
136
Cash, Cash Equivalents & STI
74
57
45
Accounts Receivable, Net
13
12
18
Inventories
11
13
11
Total Current Liabilities
40
33
46
Payables & Accruals
- -
- -
- -
ST Debt
2
1
7
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10,092.87%
20,112.98%
792.53%
Free Cash Flow
-2,960.99%
-5,908.7%
-30,163.07%
Net Income, GAAP
-2,578.31%
-5,198.91%
-44.59%
Sales/Revenue/Turnover
2,317.4%
4,593.5%
-8.57%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
34
77
2025
4
12
10
32
70
2026
16
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
-0.03
-0.86
0.35
0.05
2025
-0.49
-0.01
-0.05
0.08
0.01
2026
0.02
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

CEO
Radomir Wozniak
Full Time Employees
76
Sector
Technology services
Industry
Packaged software
Address
Warsaw Poland
Website
gnsa.com
Business
Niewiadow Polish Military Group Joint Stock Company (Niewiadow Polska Grupa Militarna S.A., GPW: GNS) is a Poland-based defense holding company that develops, manufactures, and supplies military armament, combat systems, ammunition, and dual-use technologies for domestic and international defense sectors. The company traces its industrial heritage to the establishment of the Nitrat explosives manufacturing facility in 1920 in Niewiadow and maintains its corporate headquarters in Warsaw, Poland, with primary industrial, testing, and production facilities located in Niewiadow. The enterprise operates across core business segments encompassing Ammunition Systems, Combat and Rocket Equipment, Drone Technologies, and Defense Engineering Services. Its product and service portfolio includes large- and medium-caliber artillery ammunition, notably 155 mm artillery projectiles and modular propellant charges; 40 mm grenade launcher ammunition produced under license from ST Engineering; recoilless anti-tank weapon systems, including the RPG-75M platform; unguided aviation rockets, including S-5 and S-8 calibers; anti-tank and anti-personnel landmines; explosive charges, pyrotechnic components, and defensive hand grenades; combat warheads and loitering munition payloads; precision artillery fuzes, including ZLT-50M models; unmanned aerial and ground vehicle systems; and specialized technical services, including explosive melting, pressing, filling, laboratory quality testing, ballistic range evaluation, and military hardware demilitarization. In recent strategic developments, the company executed a corporate consolidation integrating Polska Grupa Militarna S.A. with the industrial assets of Grupa Niewiadow and its operating subsidiary Zaklady Sprzetu Precyzyjnego Niewiadow Sp. z o.o., subsequently graduating from the NewConnect alternative market to the Main Market of the Warsaw Stock Exchange under the ticker GNS. To scale manufacturing output toward a targeted annual capacity of over 180,000 rounds of 155 mm artillery shells, the company secured growth financing from London-based investment fund Fidera, modernized its production lines at the Niewiadow industrial complex, and established major international and domestic strategic alliances. These partnerships include a framework agreement with United States-based Northrop Grumman for joint 155 mm shell casing and projectile production, a technology transfer agreement with KNDS France for LU211P artillery ammunition and Modular Charge Systems (MCS), and a joint development and commercialization initiative with the Polish Military Institute of Armament Technology (WITU) and PGO S.A.