1. Poland Stocks

  2. •

    Non-energy minerals

  3. •

    Steel
Izostal S.A.

Izostal S.A.

GGPW:IZS
3.05
PLN
+0.01
(+0.33%)
0.78EPS
3.99P/E
101.51MMarket Cap
Nov 17Next Earn
Izostal S.A.
GPW:IZS
(Warsaw Stock Exchange)

Recent

price

3.05

P/E

ratio

3.99

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
6.67
7.93
14.03
9.88
6.4
6.42
11.6
17.22
26.46
23.53
26.27
24.31
35.78
22.94
23.57
37.67
27
Revenue per Share
0.36
0.58
0.62
0.4
0.15
0.08
0.22
0.28
0.49
0.4
0.46
0.57
0.69
0.36
0.31
0.39
0.78
Basic EPS, GAAP
-0.68
-0.42
0.14
-0.12
-0.29
0.17
0.56
-0.72
-2.64
0.87
0.25
-0.21
-2.02
3.29
-1.68
2.9
4.37
Free Cash Flow per Basic Share
- -
- -
0.17
0.18
0.12
0.07
- -
0.07
0.09
0.13
0.11
0.12
0.12
0.12
0.09
0.09
- -
Dividend per Share
3.71
4.28
4.73
4.96
4.99
4.99
5.21
5.42
5.81
6.08
6.43
6.88
7.45
7.69
7.91
8.21
8.74
Book Value per Share
3.7
4.28
4.73
4.95
4.97
4.98
5.2
5.4
5.76
6.03
6.39
6.84
7.01
7.09
7.35
7.71
8.23
Tangible Book Value per Share
21
33
33
33
33
33
33
33
33
33
33
33
33
33
33
33
33
Basic Weighted Avg Shares
138
260
459
323
210
210
380
564
866
770
860
796
1,172
751
772
1,234
885
Sales/Revenue/Turnover
8.05
10
6.98
4.93
2.02
1.65
1.81
3.26
2.23
2.22
2.63
2.39
2.72
4.06
2.68
2.47
2.56
Operating Margin (%)
4
4
5
5
5
5
5
5
7
8
9
9
9
11
12
12
14
Depreciation Expense
7
19
20
13
5
2
7
9
16
13
15
19
22
12
10
13
25
Net Income, GAAP
12.88
19.51
19.44
19.36
20.08
20.83
19.09
19.94
19.75
18.36
20.7
21.06
20.4
20.05
22.25
21.33
9.74
Effective Tax Rate (%)
5.38
7.37
4.42
4.08
2.35
1.17
1.87
1.62
1.83
1.69
1.76
2.33
1.92
1.59
1.31
1.04
2.87
Profit Margin (%)
63
54
60
54
47
31
44
61
55
62
61
74
76
77
88
85
98
Working Capital
17
19
15
6
15
3
12
11
12
17
15
17
15
15
10
7
8
LT Debt
121
140
155
162
163
163
171
177
190
199
211
225
244
252
259
269
295
Total Equity
- -
12.84
12.8
6.72
2.12
1.32
2.74
6.7
4.98
3.97
5.02
4.01
5.9
5.68
3.55
5.27
4.13
Return on Invested Capital (%)
- -
12.61
12.29
7.6
2.92
1.63
3.88
4.47
5.88
4.46
5.09
5.33
6.87
4.96
4.18
5.16
6.69
Return on Capital (%)
- -
14.63
13.75
8.33
3.02
1.5
4.25
5.25
8.64
6.7
7.41
8.51
9.59
4.82
3.97
4.85
9.25
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
152
92
158
LT Borrowings
- -
- -
- -
LT Finance Leases
7
- -
8
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
33
33
33
Market Capitalization
106
99
102

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
330
367
397
Cash, Cash Equivalents & STI
21
20
17
Accounts Receivable, Net
192
203
217
Inventories
111
143
149
Total Current Liabilities
245
272
299
Payables & Accruals
- -
- -
- -
ST Debt
152
92
158
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.11%
5.02%
3.79%
Free Cash Flow
5.34%
-1.05%
-272.35%
Net Income, GAAP
29.76%
1.53%
26.18%
Sales/Revenue/Turnover
24.99%
13.29%
59.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
172
179
153
268
772
2025
330
373
308
223
1,234
2026
163
192
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.09
0.06
0.06
0.31
2025
0.1
0.15
0.1
0.03
0.39
2026
0.49
0.15
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.09
2025
- -
- -
- -
- -
0.09
2026
- -
- -
- -
- -
- -
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Business
Izostal S.A. is a Poland-based manufacturing and trading company specializing in steel pipes and metallurgical products for pipeline construction and related industries. Founded in 1993 and headquartered in Kolonowskie, Izostal produces and distributes an extensive range of steel pipes with internal and external anticorrosive coatings, including single-layer epoxy, three-layer epoxy-copolymer-polyethylene, and three-layer epoxy-copolymer-polypropylene coatings. The company’s products serve the gas transmission networks, oil and fuel industries, heat engineering, water supply, and sewage systems across Poland, Central, and Eastern Europe, with about 30% of its annual sales exported internationally. Izostal also supplies steel tubes, rubber products, pipe fixtures, and associated steel accessories, supported by advanced metallurgical research and modern technological processes to ensure compliance with international quality standards and certifications such as ISO 9001, ISO 14001, ISO 45001, and ISO 50001. In recent strategic developments, Izostal signed a preliminary conditional investment agreement in 2025 to acquire Proma Sp. z o.o., a move that expands its operational capabilities and market reach in the metallurgical sector. The company continues to emphasize state-of-the-art external anticorrosive insulation technologies for steel pipes, strengthening its position as a leading supplier of pipeline materials in both domestic and international markets. Its logistical infrastructure supports about 3,000 tons of stock for immediate dispatch, while it sells approximately 25,000 tons of pipes annually. Izostal is part of the STALPROFIL SA Capital Group, which holds a majority stake, and it remains focused on leveraging its recognition as a key regional supplier for infrastructure projects driven by expanding gas transmission networks and utility systems. Izostal operates primarily within the basic materials and steel industry sectors, targeting gas transmission companies, fuel industry players, heat engineering firms, and water infrastructure projects. Its product portfolio includes coated steel pipes for gas, oil, liquid fuels, and water transportation, reinforced by certified anticorrosion technologies demanded by pipeline construction standards. The company’s extensive presence in Poland and the broader European Union markets, combined with recent strategic investment agreements and continuous product innovation, underlines its growth trajectory and competitive positioning in the steel pipeline industry. This comprehensive approach to manufacturing and service integration positions Izostal as a pivotal supplier in the pipeline construction segment, sustaining its competitive edge through technological advancements, strategic acquisitions, and robust fulfillment capabilities across Central and Eastern Europe.