1. Poland Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Grodno SA

Grodno SA

14.05
PLN
-0.30
(-2.09%)
0.75EPS
22.49P/E
258.42MMarket Cap
Dec 02Next Earn
Grodno SA
GPW:GRN
(Warsaw Stock Exchange)

Recent

price

14.05

P/E

ratio

22.49

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
PLN
10.61
14.81
15.7
16.99
15.67
20.54
21.5
27.92
31.81
40.54
46.27
77.76
79.87
77.11
- -
79.51
84.02
Revenue per Share
0.34
0.37
0.04
0.34
0.4
0.59
0.54
0.55
0.53
0.75
0.89
2.85
1.45
0.4
- -
0.74
0.75
Basic EPS, GAAP
-0.78
-0.33
-0.08
0.26
0.21
-0.27
-0.5
0.59
0.45
1.09
-0.04
1.63
-2
2.11
2
1.47
0.72
Free Cash Flow per Basic Share
0.07
0.06
0.03
- -
0.06
0.12
0.06
0.12
0.12
- -
0.08
0.21
0.84
- -
- -
- -
- -
Dividend per Share
1.69
2
2.02
2.35
2.76
3.31
3.68
4.1
4.51
5.27
6.08
8.72
9.33
9.73
- -
8.99
9.15
Book Value per Share
1.43
1.74
1.81
2.2
2.66
3.23
3.18
3.39
2.98
3.72
4.55
7.19
7.89
8.09
- -
7.37
7.55
Tangible Book Value per Share
12
12
12
12
15
15
15
15
15
15
15
15
15
15
15
15
15
Basic Weighted Avg Shares
130
182
193
209
238
312
331
429
489
624
712
1,196
1,229
1,186
- -
1,223
1,292
Sales/Revenue/Turnover
4.61
4.31
1.5
3.09
3.66
4.01
3.35
2.73
2.36
2.8
3.2
4.82
2.76
1.44
- -
1.29
0.59
Operating Margin (%)
2
4
4
3
4
4
3
4
5
5
6
7
9
10
- -
11
11
Depreciation Expense
4
5
1
4
6
9
8
8
8
12
14
44
22
6
- -
11
11
Net Income, GAAP
19.06
20.45
28.76
19.91
20.54
20.48
20.58
20.65
20.36
22.35
20.65
19.83
17.96
37.81
- -
21.63
22.93
Effective Tax Rate (%)
3.2
2.53
0.28
1.97
2.56
2.89
2.49
1.97
1.67
1.85
1.93
3.66
1.82
0.52
- -
0.93
0.89
Profit Margin (%)
6
4
4
6
10
16
18
19
18
22
15
42
39
31
- -
11
16
Working Capital
8
11
15
15
15
15
24
26
34
29
28
38
37
28
- -
13
14
LT Debt
21
25
25
29
39
51
57
63
69
81
94
134
143
150
- -
138
141
Total Equity
19.43
13.17
3.4
8.66
10.37
11.87
8.93
7.94
6.57
8.9
9.03
23.14
11.3
3.98
- -
- -
7.64
Return on Invested Capital (%)
21.06
13.95
3.83
9.18
10.63
12.1
9.27
8.43
7.29
8.93
9.86
25.15
12.53
4.21
- -
- -
7.09
Return on Capital (%)
27.2
20.29
2.22
15.34
17.87
20.02
15.33
14.15
12.33
15.35
15.74
38.45
16.08
4.24
- -
- -
8.51
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
58
53
45
LT Borrowings
11
11
10
LT Finance Leases
4
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
174
206
258

Working Capital

PLN

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
335
394
452
Cash, Cash Equivalents & STI
2
5
5
Accounts Receivable, Net
204
244
260
Inventories
125
138
186
Total Current Liabilities
325
383
436
Payables & Accruals
- -
- -
- -
ST Debt
58
53
45
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
-465.08%
-907.68%
-26.42%
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
291
319
297
- -
- -
2026
298
306
301
318
1,223
2027
367
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.01
-1.21
0.19
- -
- -
2026
0.16
0.2
0.4
-0.02
0.74
2027
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
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Business
Grodno Spólka Akcyjna is a leading distributor of electrotechnical and lighting products in Poland. Founded in 1990 and headquartered in Michałów-Grabina near Nieporet, the company offers a comprehensive range of products and services including photovoltaic systems, heat pumps, electric vehicle charging stations, cables and wires, professional lighting, electrical installation accessories, air conditioning and recuperation systems, plumbing, industrial automation solutions, security and alarm systems, tools, and building automation programming; it also provides lighting audits and projects, construction and modernization of electrical and energy installations, technical advisory, training, and comprehensive project support for B2B clients such as installers, subcontractors, investors, and redistribution networks. Operating through an extensive network of over 40 branches, a central distribution center, and an e-commerce platform, Grodno ensures high product availability with express logistics including direct-to-site deliveries across Poland and exports select products internationally. In recent developments, the company launched AiGrodno as a cornerstone of its new five-year strategy emphasizing AI-powered customer service, intelligent logistics, energy transformation partnerships, and ecosystem collaboration, with PLN 120 million planned investments in infrastructure, AI solutions, warehouse automation, and sales network expansion; it secured a strategic partnership with Gokin Solar as its first-tier dealer in Poland targeting 200 MW annual PV module cooperation in May 2025; and resumed a public share offering in December 2025 with an issue price of PLN 3.00 per share to fund distribution network growth, assortment expansion, new sales channels, and logistics optimization.