Lubawa SA

Lubawa SA

10.22
PLN
-0.27
(-2.57%)
0.91EPS
9.56P/E
1.31BMarket Cap
Nov 02Next 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
1.93
2.16
2.2
2.51
2.11
2.19
2.36
1.58
1.77
2.21
2.51
3.4
4.1
4.25
Basic EPS, GAAP
0.03
0.09
0.03
0.11
0.03
0.06
0.19
0.21
0.16
0.14
0.3
0.67
0.84
0.91
Free Cash Flow per Basic Share
0.04
-0.14
-0.37
-0.03
-0.13
-0.01
0.08
0.07
0.11
-0.03
0.68
1
0.61
0.51
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
1.67
1.77
1.8
1.91
1.93
1.98
2.18
1.8
1.96
2.1
2.41
3.07
3.91
4.07
Tangible Book Value per Share
1.19
1.27
1.29
1.41
1.42
1.47
1.65
1.41
1.57
1.7
2
2.66
3.51
3.67
Basic Weighted Avg Shares
109
109
109
109
109
109
109
150
150
150
150
150
150
152
Sales/Revenue/Turnover
211
236
240
274
231
240
258
238
265
332
378
510
617
646
Operating Margin (%)
4.3
5.74
0.09
8.09
4.38
4.71
8.47
16.54
11.17
9.7
15.06
22.74
23.72
24.82
Depreciation Expense
8
8
9
11
12
13
13
12
13
14
13
14
- -
- -
Net Income, GAAP
3
10
3
12
3
6
21
31
24
21
46
101
126
138
Effective Tax Rate (%)
51.43
20.15
33.44
26.4
46.89
23.58
20.46
19.14
18.18
18.11
15.54
16.99
18.04
17.92
Profit Margin (%)
1.3
4.24
1.29
4.43
1.26
2.6
7.98
13.17
9.13
6.21
12.08
19.7
20.45
21.39
Working Capital
41
44
21
25
16
26
43
76
104
115
151
235
359
382
LT Debt
31
31
30
23
19
25
26
19
15
13
11
3
2
1
Total Equity
182
196
199
211
212
218
240
271
295
317
363
463
589
612
Return on Invested Capital (%)
1.74
4.81
1.5
4.97
1.03
3.3
5.73
10.27
7.46
6.89
11.83
21.95
22.05
24.06
Return on Capital (%)
1.71
4.79
1.85
5.34
1.68
2.75
7.32
10.2
7.74
6.86
13.04
24.15
24.18
25.59
Return on Common Equity (%)
1.52
5.34
1.6
5.99
1.39
2.92
9.06
12.3
8.59
6.76
13.46
24.4
24.02
25.45

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
2
- -
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
150
150
150
Market Capitalization
1,539
1,205
1,306

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
432
543
488
Cash, Cash Equivalents & STI
197
314
243
Accounts Receivable, Net
121
110
134
Inventories
113
118
111
Total Current Liabilities
123
183
106
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
11.8%
17.07%
27.17%
Free Cash Flow
-303.74%
-433.46%
-38.82%
Net Income, GAAP
84.03%
45.92%
25.44%
Sales/Revenue/Turnover
10.84%
21.3%
20.87%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
101
104
153
152
510
2025
108
204
103
202
617
2026
137
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.1
0.1
0.3
0.17
0.67
2025
0.08
0.3
0.1
0.36
0.84
2026
0.16
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

CEO
Przemyslaw Zasztoft
Full Time Employees
1,228
Sector
Process industries
Industry
Textiles
Address
Ul. Staroprzygodzka 117 Ostrow Wielkopolski WP Poland 63-400
IPO Date
Nov 18, 1996
Business
Lubawa S.A. manufactures and sells a diverse range of products primarily serving the defense, security, and safety sectors. Its core product portfolio includes individual protection equipment such as bulletproof vests, helmets, individual camouflage, load-bearing equipment, backpacks, rescue masks, explosion ordnance disposal (EOD) suits, and bulletproof shields. The company also produces specialized clothing and protective gear for military, police, border patrol, fire brigade, special forces, municipal guards, and security services. Additionally, Lubawa offers a broad array of tents and shelters, including frame and pneumatic tents, mobile hospitals, decontamination cabins, isolation chambers, and triage units. It supplies vehicle protection equipment such as ballistic protection products, curved add-on armor, integrated multispectral modular armor, and lightweight RPG net screen. The product range extends to environmental health and safety (EHS) equipment like fall protection items, flood protection, water rescue gear, fire safety accessories, and floating equipment. Furthermore, Lubawa manufactures technical textiles for tapes, edges, belts, membranes, sanitary products, tent and boat fabrics, antistatic products, compensators, and inflatable structures. The company also provides various industrial services including vulcanization press, autoclave processing, cutting, PVC welding, water jet cutting, carving, and sewing services. Lubawa S.A. operates mainly in Poland but serves international markets, with a significant focus on uniformed services and occupational health and safety segments. Founded in 1951 and headquartered in Ostrów Wielkopolski, Poland, the company comprises various subsidiaries, including Litex Promo, Effect-System, Miranda, and Lubawa Armenia, among others. Recent strategic developments include Lubawa's participation in international defense exhibitions showcasing new products such as light composite ballistic vehicle guards, advanced ballistic shields, and multifunctional protective equipment through its subsidiaries and partnerships. In 2023, Lubawa concluded agreements such as the sale of its remaining stake in Isabella A/S and secured significant contracts with entities from the PGZ group. It continues to expand its product range by integrating advanced materials and technology in personal and vehicle protection solutions, responding to evolving market demands, and enhancing its footprint in the defense industry. Lubawa S.A. is listed on the Warsaw Stock Exchange (Ticker: LBW.WA) and maintains strong financial performance metrics supported by steady revenue growth and operational profitability. The company remains a significant player in the manufacturing and sale of military, security, and safety equipment, consolidating its position through innovation and strategic partnerships in Poland and abroad.