ONDE SA

ONDE SA

GGPW:OND
8.17
PLN
-0.04
(-0.49%)
0.37EPS
24.31P/E
485.16MMarket Cap
Dec 02Next Earn
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
5.79
8.33
12.53
24.18
19.97
19.88
14.75
15.85
14.74
Basic EPS, GAAP
- -
0.18
0.3
0.7
0.92
0.13
0.61
0.56
0.35
0.37
Free Cash Flow per Basic Share
- -
-0.28
0.84
1.84
-2.82
-1.47
2.64
1.99
-0.08
-0.56
Dividend per Share
- -
0.22
0.13
0.43
0.64
- -
- -
0.31
0.31
0.31
Book Value per Share
1.41
1.38
1.54
1.81
6.06
5.7
6.32
6.56
6.6
6.52
Tangible Book Value per Share
1.41
1.38
1.54
1.81
6.05
5.68
6.29
6.54
6.56
6.48
Basic Weighted Avg Shares
47
46
46
47
50
55
55
55
55
55
Sales/Revenue/Turnover
- -
264
381
586
1,217
1,093
1,084
804
864
807
Operating Margin (%)
- -
3.55
4.78
6.78
5.23
1.84
4.85
3.47
4.55
4.94
Depreciation Expense
- -
4
5
6
7
8
9
10
16
17
Net Income, GAAP
- -
8
14
33
46
7
33
30
19
20
Effective Tax Rate (%)
- -
22.61
23.45
20.22
26.04
39.95
17.42
24.11
30.96
26.7
Profit Margin (%)
- -
3.19
3.6
5.59
3.79
0.66
3.08
3.77
2.19
2.48
Working Capital
44
36
49
58
289
254
272
278
282
271
LT Debt
2
7
14
12
11
20
9
102
108
102
Total Equity
66
65
72
85
334
311
344
358
360
355
Return on Invested Capital (%)
- -
9.4
14.49
30.71
19.66
3.49
10.04
7.93
5.3
5.77
Return on Capital (%)
- -
12.24
17.27
34.97
20.55
2.87
10.34
7.89
5.29
5.64
Return on Common Equity (%)
- -
12.91
20.03
41.76
22.07
2.23
10.19
8.63
5.28
5.67

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
36
37
38
LT Borrowings
52
53
49
LT Finance Leases
49
55
53
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
55
55
55
Market Capitalization
498
478
485

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
580
500
479
Cash, Cash Equivalents & STI
102
128
48
Accounts Receivable, Net
186
130
132
Inventories
152
156
178
Total Current Liabilities
299
217
208
Payables & Accruals
- -
- -
- -
ST Debt
36
37
38
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
60.35%
0.58%
Free Cash Flow
- -
-143.16%
-103.81%
Net Income, GAAP
- -
55.04%
-37.42%
Sales/Revenue/Turnover
- -
15.65%
7.48%
Total Cash Common Dividend
- -
- -
-0.01%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
168
187
228
221
804
2025
156
217
268
223
864
2026
99
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
-0.03
0.1
0.17
0.56
2025
-0.1
0.19
0.24
0.02
0.35
2026
-0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.34
- -
- -
0.31
2025
- -
0.3
- -
- -
0.31
2026
- -
- -
- -
- -
- -

Company Description

CEO
Pawel Przybylski
Full Time Employees
531
Sector
Industrial services
Industry
Engineering & construction
Address
Trasa Prezydenta Wladyslawa Raczkiewicza 1 Torun KP Poland 87-100
IPO Date
Jul 19, 2021
Website
onde.pl
Business
Onde S.A. engages in the design, development, and construction of infrastructure projects primarily for the renewable energy sector in Poland and internationally. The company’s core offerings include comprehensive construction of wind farms and photovoltaic solar farms; engineering design and construction services; and operation and maintenance (O&M) of renewable energy installations. It provides end-to-end project execution under an integrated "Develop-Sell-Build" model, covering initial design, BoP (Balance of Plant), BoS (Balance of System) components, construction, and post-construction services without supplying wind turbines or solar modules. Additionally, Onde S.A. delivers extensive civil engineering and road construction services including road building, maintenance, paving, sewage and drainage systems, earthworks, and related infrastructure projects. Founded in 1998 and headquartered in Toruń, Poland, the company operates across Poland with recent modest activity in foreign markets. Recent company developments include significant contract wins for the construction of photovoltaic farms, with multiple EPC (Engineering, Procurement, and Construction) contracts signed to deliver over 120 MW of solar projects in Poland, including a notable agreement with Estonia's Sunly SA. Onde S.A. has expanded its project portfolio through acquisitions of photovoltaic farm projects, such as two installations totaling 23 MW in Lower Silesia. The company secured strategic financial support and guarantees from Allianz Trade to underpin its sustainable energy project developments, enhancing its capacity to invest in green infrastructure with solid financial and environmental standards. Operationally, Onde has focused on continuing construction of own renewable energy projects aligned with the Develop-Build-Sell strategy, maintaining a profile as both a contractor and project developer. The company was newly listed on the Warsaw Stock Exchange main market in July 2021 and continues to grow its market position through project expansions and strategic partnerships. These activities position Onde S.A. as a leader in Poland’s renewable energy construction sector, offering specialized expertise in large-scale wind and solar farm construction, complemented by civil engineering and road construction services, serving a wide range of institutional and commercial clients involved in the energy transition across Poland and limited foreign markets.