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IPOPEMA Securities S.A.

IPOPEMA Securities S.A.

GGPW:IPE
8.44
PLN
0.00
(0.00%)
1.27EPS
6.24P/E
228.73MMarket Cap
IPOPEMA Securities S.A.
GPW:IPE
(Warsaw Stock Exchange)

Recent

price

8.44

P/E

ratio

6.24

div

yld

2.55%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
3.47
3.81
3.17
3.57
3.48
3.27
2.94
3.25
3.28
4.68
8.62
8.56
8.69
10.83
8.59
9.92
10.84
Revenue per Share
0.64
0.83
0.3
0.28
0.15
0.13
0.05
0.06
-0.1
0.1
0.99
0.44
0.19
0.61
0.3
0.8
1.22
Basic EPS, GAAP
2.18
0.23
5.49
-5.91
-0.05
3.32
-3.24
0.31
-0.28
0.96
8.19
-4.92
1.45
0.74
1.8
0.82
3.42
Free Cash Flow per Basic Share
- -
0.52
0.52
- -
0.3
- -
0.11
0.03
0.04
- -
- -
0.37
0.31
0.15
0.3
0.21
0.21
Dividend per Share
2.3
2.62
2.42
2.71
2.57
2.7
2.65
2.67
2.53
2.64
3.64
3.71
3.58
4.03
4.04
4.53
4.53
Book Value per Share
2.24
2.55
2.32
2.61
2.48
2.6
2.55
2.59
2.48
2.6
3.59
3.65
3.49
3.92
3.92
4.45
4.31
Tangible Book Value per Share
29
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
29
Basic Weighted Avg Shares
100
112
94
107
104
98
88
97
98
140
258
256
260
324
257
297
317
Sales/Revenue/Turnover
28.36
28.92
14.39
13.48
10.76
7.42
4.25
8.95
0.17
4.16
15.14
7.68
3.41
6.3
3.89
9.15
13.49
Operating Margin (%)
1
1
2
2
3
3
3
3
2
5
5
6
6
5
4
4
5
Depreciation Expense
18
24
9
8
5
4
1
2
-3
3
30
13
6
18
9
24
36
Net Income, GAAP
21.76
17.63
10.4
23.34
26.04
27.08
23.61
32.9
- -
18.12
20.31
18.93
22.29
21.32
25.77
19.81
20.49
Effective Tax Rate (%)
18.34
21.8
9.62
7.84
4.44
3.98
1.66
1.7
-2.99
2.23
11.5
5.11
2.13
5.61
3.54
8.04
11.3
Profit Margin (%)
53
71
62
72
68
72
73
74
63
81
112
112
90
98
93
141
103
Working Capital
- -
- -
1
1
- -
- -
- -
- -
2
17
23
18
16
14
10
6
5
LT Debt
69
81
75
85
81
84
84
84
80
84
114
116
113
127
127
143
142
Total Equity
35.05
7.28
3.68
9.34
7.25
5.04
2.79
3.67
- -
5.09
23.15
10.2
2.95
11.76
5.31
14.14
19.38
Return on Invested Capital (%)
30.57
7.47
2.72
8.91
5.31
4.9
1.64
1.7
- -
3.93
24.27
9.75
4.39
12.28
6.49
15.08
21.16
Return on Capital (%)
32.14
33.77
12.1
10.92
5.85
4.95
1.83
2.08
-3.77
4.02
31.55
11.91
5.08
15.95
7.54
18.6
28.02
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
25
31
33
LT Borrowings
- -
- -
- -
LT Finance Leases
6
6
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
30
30
30
Market Capitalization
120
162
229

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
442
591
901
Cash, Cash Equivalents & STI
235
67
76
Accounts Receivable, Net
198
263
503
Inventories
- -
- -
- -
Total Current Liabilities
301
477
798
Payables & Accruals
- -
- -
- -
ST Debt
25
31
33
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.96%
4.83%
12.19%
Free Cash Flow
-44.06%
-49.96%
-54.59%
Net Income, GAAP
54.52%
45.27%
161.99%
Sales/Revenue/Turnover
14.84%
4.05%
15.48%
Total Cash Common Dividend
- -
- -
-30%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
66
65
57
69
257
2025
58
76
69
94
297
2026
68
87
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.16
0.03
0.06
0.3
2025
-0.01
0.19
0.07
0.55
0.8
2026
0.18
0.4
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.3
2025
- -
- -
0.23
- -
0.21
2026
- -
- -
- -
- -
- -
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Business
IPOPEMA Securities S.A. (IPE.WA) operates as a leading Polish brokerage house and investment banking firm, providing comprehensive financial services including brokerage, equity research, investment banking advisory, portfolio management, and asset management to institutional, corporate, and individual clients. The company offers core products and services such as brokerage and related activities on the Warsaw Stock Exchange (WSE), Budapest Stock Exchange (BSE), and Prague Stock Exchange (PSE); analytical reports on listed companies in Poland and Central and Eastern Europe (CEE); investment banking services encompassing mergers and acquisitions advisory, capital market transactions, and structured certificates like express certificates on equities such as CCC; portfolio and investment fund management through its subsidiary IPOPEMA TFI S.A.; and financial advisory including restructuring, funding for infrastructure projects, and IT systems implementation via IPOPEMA Financial Advisory. It serves institutional investors, insurance companies, non-profit organizations, retail investors, and corporates primarily in Poland with regional reach across CEE markets. Founded in 2005 and headquartered at 9 Próżna Street in Warsaw, Poland, the firm manages a group that includes subsidiaries focused on fund investments and financial advisory. Among its latest major developments, IPOPEMA Securities acted as financial adviser in October 2025 for the preliminary sale of 100% of shares in travel services provider Why Not Travel to eTravel S.A., a portfolio company of Enterprise Investors, underscoring its role in facilitating consolidation in Poland's travel sector; the firm continues active capital market offerings, including subscriptions for structured certificates like IPOPEMA Benefit 3 FIZ AN series AAG and Eques funds in November 2025, Smyk Holding S.A. shares in October 2025, and CCC equity-linked certificates.