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JR Holding ASI SA

JR Holding ASI SA

GGPW:JRH
4.22
PLN
+0.17
(+4.20%)
0.56EPS
7.66P/E
194.59MMarket Cap
JR Holding ASI SA
GPW:JRH
(Warsaw Stock Exchange)

Recent

price

4.22

P/E

ratio

7.66

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
- -
0.12
0.12
0.11
0.1
0.12
0.01
0.16
0.37
1.98
-0.06
0.29
-0.3
-0.3
Revenue per Share
- -
0.07
0.05
0.04
0.03
-0.15
3.5
12.41
-9.71
-2.43
-0.88
-1.66
0.69
0.56
Basic EPS, GAAP
- -
0.04
-0.02
- -
0.03
0.04
- -
-0.09
-0.04
0.6
-1.26
- -
0.01
0.02
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
1.03
1.08
0.93
1
0.81
4.38
16.87
7.45
5.07
4.52
3.01
3.68
3.82
Book Value per Share
- -
1.03
1.08
0.93
1
0.81
4.38
16.87
7.45
5.07
4.52
3
3.68
3.82
Tangible Book Value per Share
- -
39
39
39
38
38
38
39
39
41
42
44
45
45
Basic Weighted Avg Shares
4
5
5
4
4
5
- -
6
14
80
-3
13
-14
-13
Sales/Revenue/Turnover
43.84
9.91
25.81
57.66
16.21
-92.57
78,413.3
9,599.98
-3,240.08
-173.91
1,662.96
-698.18
-314.63
-258.87
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
2
3
2
2
1
-6
134
482
-376
-99
-37
-74
31
25
Net Income, GAAP
21.72
- -
18.38
- -
19.52
- -
18.93
19.07
- -
- -
- -
- -
26.49
27.92
Effective Tax Rate (%)
51.41
55.29
39
38.23
30.93
-127.55
63,563.28
7,741.9
-2,637.84
-122.96
1,440.27
-572.63
-231.28
-189.46
Profit Margin (%)
-1
-3
-2
2
- -
- -
201
802
359
223
208
131
172
180
Working Capital
11
10
11
13
11
10
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
37
40
42
36
38
31
167
656
302
206
198
137
167
173
Total Equity
- -
- -
1.78
- -
2.36
- -
-0.42
-0.31
- -
- -
- -
- -
20.71
15.58
Return on Invested Capital (%)
- -
- -
5.42
- -
3.15
- -
127.56
117.24
- -
- -
- -
- -
20.71
15.82
Return on Capital (%)
- -
6.75
4.38
4.25
3.3
-16.96
134.87
117.23
-78.59
-38.84
-18.27
-44.05
20.71
15.82
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
45
45
45
Market Capitalization
290
213
195

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
205
218
226
Cash, Cash Equivalents & STI
199
211
218
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
22
46
45
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
60.2%
-19.73%
21.97%
Free Cash Flow
-603.5%
-1,712.35%
-6,497.74%
Net Income, GAAP
-310.81%
-71.46%
-142.59%
Sales/Revenue/Turnover
244.46%
-63.9%
-205.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
-5
18
- -
13
2025
- -
-4
-1
-8
-14
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.78
-0.73
0.38
-0.55
-1.66
2025
0.27
0.01
0.63
-0.22
0.69
2026
0.14
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
JRH Alternatywna Spółka Inwestycyjna S.A., formerly known as JR Holding ASI S.A., is a Poland-based alternative investment company and venture capital firm specializing in direct equity investments, growth financing, and strategic scaling of high-growth technology enterprises. The company operates across six primary investment verticals, providing growth capital, pre-IPO financing, and operational acceleration: Artificial Intelligence and Digital Business, investing in enterprise software, data analytics platforms, fintech, and digital workflow tools such as Minte.ai and Flexee; Deeptech and Space Industry, delivering funding for nanosatellite manufacturing, optoelectronic systems, aerospace components, and unmanned aerial technologies; Energy Transformation and Clean Technology, financing renewable energy solutions, photovoltaic projects, and smart grid infrastructure; Biotechnology and Medtech, allocating capital to pharmaceutical research, therapeutic development, and medical devices; Gaming, supporting interactive entertainment publishers and video game developers; and Sustainable Development and Circular Economy, targeting environmental technologies, recycling, and resource efficiency. In addition to principal direct investments ranging from PLN 4 million to PLN 50 million, the company offers strategic management advisory, corporate restructuring, and public listing facilitation, complemented by early-stage seed financing through its venture capital partner platform Smartlink Partners. Founded in 2003 and headquartered in Kraków, Poland, the company primarily targets technology innovators across Poland and the Central and Eastern European region with scalable global market potential. In recent major corporate developments, the company officially rebranded from JR Holding ASI S.A. to JRH Alternatywna Spółka Inwestycyjna S.A. in August 2024, following the successful graduation of its equity listing from the NewConnect alternative market to the Main Market of the Warsaw Stock Exchange in March 2024. Additionally, the firm launched and advanced the Orbiteo strategic initiative, a specialized holding vehicle designed to consolidate and scale high-technology defense, aerospace, drone, and space technology assets in partnership with portfolio companies including SatRev, Sygnis, and Farada Group.