1. Poland Stocks

  2. •

    Commercial services

  3. •

    Miscellaneous commercial services
INC SA

INC SA

GGPW:INC
1.34
PLN
-0.05
(-3.60%)
27.36MMarket Cap
Nov 26Next 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
0.45
0.29
0.12
0.28
0.41
0.47
0.44
1.1
0.73
0.3
0.35
0.46
0.63
- -
Basic EPS, GAAP
0.96
-1.33
0.06
-0.3
-0.41
-0.57
-0.09
0.99
0.45
-0.87
-0.57
-0.26
0.1
- -
Free Cash Flow per Basic Share
-0.09
-0.25
-0.21
-0.26
-0.7
-0.28
-0.29
-0.02
-0.32
-0.37
-0.26
0.37
-0.48
- -
Dividend per Share
- -
- -
- -
- -
- -
0.03
0.03
0.01
0.15
- -
- -
- -
- -
- -
Book Value per Share
4.32
3.46
3.29
2.92
2.42
1.9
1.92
2.27
2.65
1.66
1.16
0.9
1
1.11
Tangible Book Value per Share
4.3
3.44
3.23
2.87
1.83
1.05
1.11
2.19
2.53
1.56
1.1
0.84
0.95
1.06
Basic Weighted Avg Shares
8
8
8
8
8
8
8
12
12
12
14
15
15
15
Sales/Revenue/Turnover
4
2
1
2
3
4
4
13
9
4
5
7
9
- -
Operating Margin (%)
152.82
-558.63
53.7
-21.18
14.95
-101.1
-11.02
31.65
8.22
-342.04
-206.81
-103.22
27.18
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
- -
1
1
1
1
1
- -
Net Income, GAAP
8
-11
- -
-3
-3
-5
-1
12
5
-11
-8
-4
2
- -
Effective Tax Rate (%)
20.4
- -
49.63
- -
- -
- -
- -
20.16
10.84
- -
- -
- -
26.95
- -
Profit Margin (%)
216.16
-451.16
46.4
-109.45
-98.87
-121.71
-20.11
89.6
61.72
-293.17
-160.65
-55.03
16.04
- -
Working Capital
36
26
31
28
20
16
17
35
41
30
22
14
17
19
LT Debt
- -
- -
- -
- -
1
1
1
- -
3
3
2
3
2
3
Total Equity
35
28
33
30
27
23
23
37
42
31
25
19
20
22
Return on Invested Capital (%)
14.67
- -
1
- -
- -
- -
- -
52.37
18.83
- -
- -
- -
9.03
- -
Return on Capital (%)
25.24
- -
2.36
- -
- -
- -
- -
29.84
9.53
- -
- -
- -
6.67
- -
Return on Common Equity (%)
25.4
-34.95
1.78
-10.16
-15.85
-27.38
-4.83
56.19
18.52
-39.33
-40.01
-25.14
10.72
- -

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
27
23
27

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
19
20
22
Cash, Cash Equivalents & STI
17
18
20
Accounts Receivable, Net
2
1
2
Inventories
- -
- -
- -
Total Current Liabilities
3
3
3
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.08%
-9.66%
8.88%
Free Cash Flow
145.09%
280.77%
-229.99%
Net Income, GAAP
-290.71%
-112.98%
-139.42%
Sales/Revenue/Turnover
46.08%
4.26%
35.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1
2
2
2
7
2025
3
- -
3
3
9
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
-0.11
0.01
-0.04
-0.26
2025
0.18
- -
-0.04
0.1
0.1
2026
0.11
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Pawel Piotr Sliwinski
Full Time Employees
35
Sector
Commercial services
Industry
Miscellaneous commercial services
Address
ul. Abpa A. Baraniaka 6 Poznan WP Poland 61-131
IPO Date
Jul 20, 2006
Website
incsa.pl
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Business
INC S.A. provides investment and advisory services to small and medium-sized enterprises and local government units in Poland. The company, formerly known as Investcon Group S.A., operates as an authorized advisor for NewConnect, Catalyst, and AeRO markets, facilitating fundraising, capital market investments, and comprehensive financial support through its group of five specialized entities offering advisory services, financial instruments, and direct investments. Core offerings include capital-raising advisory for public offerings and debuts on alternative markets such as NewConnect; investment brokerage via Dom Maklerski INC S.A.; and support for innovative SMEs in sectors like automotive, gaming, and business services, with notable completed debuts for companies including Green Zebras S.A., Mentzen S.A., B-ACT S.A., and SPACE FOX GAMES S.A.. Founded in 1995 and headquartered at ul. Abpa A. Baraniaka 6 in Poznań, Poland, the group targets dynamic Polish enterprises seeking competitive advantages and growth funding, with operations centered on the domestic capital market. As a publicly listed entity on the Warsaw Stock Exchange since 2006 under ticker INC.WA, INC S.A. continues to expand its advisory competencies without reported major acquisitions, funding rounds, or strategic shifts in the last 1-2 years.