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Zespol Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Zespol Elektrocieplowni Wroclawskich KOGENERACJA S.A.

79.80
PLN
-0.10
(-0.13%)
22.50EPS
3.28P/E
1.10BMarket Cap
Nov 24Next Earn
Zespol Elektrocieplowni Wroclawskich KOGENERACJA S.A.
GPW:KGN
(Warsaw Stock Exchange)

Recent

price

79.80

P/E

ratio

3.28

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
69.16
69.91
74.58
65.13
61.26
66.51
69.24
68.07
64.82
73.32
79.43
96.28
121.62
212.37
171.6
177.88
191.28
Revenue per Share
9.23
8.23
6.21
5.27
3.31
8.42
10.04
8.81
0.51
5.56
8.32
3.78
10.04
17.16
13.54
18.59
22.5
Basic EPS, GAAP
5.56
2.74
5.4
15.89
-12.31
3.4
17.83
16.37
4.36
1.59
-0.72
-2.99
-8.25
1.78
38.02
32.36
26.99
Free Cash Flow per Basic Share
3.55
3.56
4.47
0.06
0.19
0.11
6.34
6.62
2.73
- -
- -
- -
0.32
- -
- -
- -
- -
Dividend per Share
68.03
72.98
74.76
79.96
83.32
94.82
97.94
101.19
98.96
104.49
112.72
116.75
126.36
142.3
155.8
174.35
188.23
Book Value per Share
65.16
70.12
71.47
76.74
80.23
91.86
95.11
98.32
96.09
101.64
109.87
113.91
123.52
139.44
152.95
170.83
184.73
Tangible Book Value per Share
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
15
Basic Weighted Avg Shares
1,030
1,042
1,111
970
913
991
1,032
1,014
966
1,092
1,183
1,435
1,812
3,164
2,557
2,650
2,842
Sales/Revenue/Turnover
18.03
17.54
13.38
13.51
10.62
18.01
18.31
15.51
0.63
8.84
13.67
4.39
8.8
9.78
8.61
12.96
14.19
Operating Margin (%)
88
95
101
115
121
135
146
143
144
143
162
186
203
210
228
234
253
Depreciation Expense
137
123
93
79
49
125
150
131
8
83
124
56
150
256
202
277
334
Net Income, GAAP
18.12
21.06
20.24
18.49
19
19.99
18.95
19.61
54.68
21.25
20.17
21.97
19.81
20.2
19.72
19.73
19.74
Effective Tax Rate (%)
13.34
11.78
8.33
8.1
5.4
12.65
14.5
12.94
0.78
7.59
10.47
3.92
8.25
8.08
7.89
10.45
11.76
Profit Margin (%)
111
181
-60
124
152
158
207
341
396
438
501
424
141
317
16
214
424
Working Capital
221
136
1
14
118
75
50
25
- -
56
56
56
105
424
397
362
345
LT Debt
1,030
1,092
1,119
1,197
1,245
1,416
1,463
1,512
1,478
1,561
1,686
1,746
1,892
2,120
2,321
2,598
2,805
Total Equity
10.41
10.09
7.75
7.17
3.28
8.91
9.8
8.46
0.38
5.24
7.39
2.89
6.63
10.64
6.54
9.38
10.38
Return on Invested Capital (%)
9.37
10.01
7.73
6.14
3.78
8.38
9.64
8.55
0.58
5.42
7.38
3.26
7.89
11.44
7.73
10.05
11.55
Return on Capital (%)
14.12
11.68
8.41
6.82
4.05
9.45
10.42
8.85
0.51
5.47
7.66
3.29
8.26
12.78
9.08
11.26
12.63
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
41
40
40
LT Borrowings
281
274
266
LT Finance Leases
80
80
79
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
15
15
15
Market Capitalization
948
1,028
1,100

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,646
2,096
1,737
Cash, Cash Equivalents & STI
3
3
3
Accounts Receivable, Net
193
357
124
Inventories
76
50
69
Total Current Liabilities
1,431
1,696
1,313
Payables & Accruals
- -
- -
- -
ST Debt
41
40
40
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.34%
9.08%
11.91%
Free Cash Flow
253.09%
479.25%
-14.88%
Net Income, GAAP
115.5%
39.68%
37.31%
Sales/Revenue/Turnover
12.57%
21.32%
3.66%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
874
443
420
827
2,557
2025
885
466
407
893
2,650
2026
1,070
472
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
9.19
2.04
-0.59
2.9
13.54
2025
8.54
1.5
-1.01
9.56
18.59
2026
14.3
-0.42
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Zespol Elektrocieplowni Wroclawskich KOGENERACJA S.A. (KGN.WA) produces electricity and district heating through cogeneration processes at four plants in the Wroclaw area of Poland; core operations encompass combined heat and power generation with total electric capacity of 420 MW and thermal capacity of 1,234.65 MW, including thermal units and boilers at Elektrocieplownia Wroclaw (305 MW electric, 812 MW thermal), Elektrocieplownia Czechnica (110 MW electric, 247 MW thermal featuring biomass BFB boiler), Elektrocieplownia Czechnica 2 (152 MW thermal from gas boilers), and Elektrocieplownia Zawidawie (5 MW electric, 23.65 MW thermal with CHP units and solar panels); the company also engages in wholesale and retail sales of electricity, heat, power industry products, services, biomass utilization, and combustion by-products for construction materials. Founded in 1999 and headquartered at ul. Lowiecka 24 in Wroclaw, Poland, it serves the Greater Wroclaw agglomeration as a subsidiary of PGE Energia Ciepla S.A. within the PGE Group, targeting municipal heat and power markets with environmentally efficient cogeneration. Recent developments include the decommissioning of Elektrocieplownia Czechnica-1 in Siechnice in May 2025, a July 2024 gas supply agreement between subsidiary EC Zielona Gora S.A. and ORLEN S.A., management changes with appointment and dismissal of the Management Board President in September 2024, and an April 2024 withdrawal of a Supervisory Board proposal following mediation settlements earlier in the year.