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    Non-energy minerals

  3. •

    Other metals/Minerals
Orzel Bialy S.A.

Orzel Bialy S.A.

GGPW:OBL
39.60
PLN
-1.00
(-2.46%)
3.82EPS
10.46P/E
666.03MMarket Cap
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
25.32
27.54
30.54
32.27
41.59
39.26
37.16
30.77
39.8
53.21
44.26
41.98
34.52
36.44
Basic EPS, GAAP
-1.05
0.03
0.79
-0.26
0.96
0.88
1.16
2.92
3.81
6.03
6.4
5.97
4.38
3.82
Free Cash Flow per Basic Share
-0.65
-1.8
1.56
-1.34
3.11
1.23
-3.58
4.84
-0.54
5.54
5.33
8.61
6.89
3.24
Dividend per Share
0.22
- -
- -
- -
- -
1.12
- -
- -
- -
- -
- -
1
1.2
- -
Book Value per Share
14.11
14.38
14.83
14.33
15.72
15.37
16.98
19.37
23.2
29.12
36.15
40.91
43.86
44.33
Tangible Book Value per Share
13.46
13.77
14.24
14.25
15.69
15.34
16.93
19.33
23.1
29.04
36.09
40.82
43.78
44.25
Basic Weighted Avg Shares
17
17
17
17
17
17
17
17
17
17
17
17
17
17
Sales/Revenue/Turnover
421
459
509
537
692
654
619
512
663
886
737
699
575
607
Operating Margin (%)
0.66
2.27
4.09
6.19
7.99
3.22
6.51
13.8
12.74
13.99
15.96
14.63
10.02
7.78
Depreciation Expense
8
8
9
9
10
9
10
10
9
10
10
9
10
10
Net Income, GAAP
-17
- -
13
-4
16
15
19
49
63
100
107
99
73
64
Effective Tax Rate (%)
- -
84.09
16.41
165.87
25.34
23.04
18.59
15.98
23.28
22.1
20.61
18.24
17.71
19.15
Profit Margin (%)
-4.13
0.09
2.59
-0.8
2.3
2.24
3.12
9.49
9.57
11.33
14.46
14.21
12.68
10.49
Working Capital
150
137
127
130
161
154
182
215
273
389
515
596
644
655
LT Debt
33
23
17
8
6
4
9
7
7
6
5
6
6
6
Total Equity
235
240
247
239
262
256
283
323
386
485
602
681
730
738
Return on Invested Capital (%)
- -
- -
4.87
-4.38
14.32
6.39
10.75
17.36
17.05
20.87
16.35
12.84
6.74
5.25
Return on Capital (%)
- -
0.33
5.24
-1.97
6.31
5.79
6.77
14.6
17.69
23.26
19.57
15.54
10.4
8.99
Return on Common Equity (%)
-7.15
0.18
5.42
-1.78
6.36
5.65
7.16
16.07
17.9
23.05
19.6
15.49
10.33
8.87

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
6
5
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
17
17
17
Market Capitalization
599
566
666

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
715
732
740
Cash, Cash Equivalents & STI
472
483
520
Accounts Receivable, Net
143
154
155
Inventories
93
85
65
Total Current Liabilities
71
74
85
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
11.84%
17.96%
7.22%
Free Cash Flow
-240.97%
-240.83%
-19.97%
Net Income, GAAP
-36.46%
12.28%
-26.63%
Sales/Revenue/Turnover
2.97%
4.66%
-17.77%
Total Cash Common Dividend
- -
- -
20%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
174
164
161
200
699
2025
154
132
123
165
575
2026
154
165
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.35
1.16
1.8
1.66
5.97
2025
1.63
0.75
0.84
1.15
4.38
2026
0.65
1.18
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
1.2
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Konrad Sznajder
Full Time Employees
283
Sector
Non-energy minerals
Industry
Other metals/Minerals
Address
ul. Harcerska 23 Piekary Slaskie SL Poland 41-946
IPO Date
Oct 22, 2007
Website
orzel-bialy.com.pl
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Business
Orzel Bialy S.A. (OBL.WA) is Poland's market leader in refined lead production and the largest company specializing in the recycling of waste lead-acid batteries and other lead-bearing waste. The company produces and sells refined lead alloys including pure lead (Pb0 at 99.99% and Pb1 at 99.985%), soft lead (Pb2 at 99.97%), lead-antimony alloys, and lead-calcium alloys primarily used for battery plates, terminals, connectors, and other automotive battery components; it also recovers and sells polypropylene and regranulated polypropylene from the battery recycling process. These products serve battery manufacturers in the automotive industry and are exported across Central Europe from its integrated production facility in Piekary Slaskie, which includes a lead refinery, research and development center, and battery scrap treatment operations enhanced by a 2014 expansion. Founded in 1858 and headquartered at ul. Harcerska 23, 41-946 Piekary Slaskie, Poland, Orzel Bialy operates in the waste management and non-ferrous metals sector, targeting automotive battery producers with a focus on environmental compliance under EU standards for material recovery. It maintains direct and indirect subsidiaries such as Pumech Sp. z o.o., Geen-Lead Sp. z o.o., Speedmar Sp. z o.o., and Centralna Pompownia Bolko Sp. z o.o., and functions as a subsidiary of ZAP Sznajder Batterien S.A. In recent developments, the company registered amendments to its Articles of Association (statute changes under resolutions 20 and 21) on August 1, 2025, following approval at the June 11, 2025 Annual General Meeting, alongside appointing a new Management Board term. It released half-year consolidated and standalone financial reports for the first half of 2025 on September 12, 2025, accompanied by independent auditor reviews and management discussion, reflecting ongoing operational reporting amid steady revenue from lead recycling. These updates underscore continued governance evolution and financial transparency without reported major acquisitions, partnerships, or strategic expansions in the last 1-2 years.