STARHEDGE S.A.

STARHEDGE S.A.

GGPW:SHG
0.18
PLN
+0.00
(-2.78%)
-0.09EPS
30.07MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
29.54
0.01
0.01
0.03
- -
0.05
1.72
0.46
0.36
0.45
0.34
0.34
0.24
0.18
Basic EPS, GAAP
1.92
6.74
-15.8
-0.41
0.04
0.01
0.19
0.04
0.03
0.01
0.04
0.03
-0.12
-0.14
Free Cash Flow per Basic Share
-0.75
-0.12
-0.21
-0.87
-0.28
-0.04
0.38
0.14
- -
0.01
- -
-0.04
- -
0.01
Dividend per Share
- -
- -
0.32
0.48
- -
- -
- -
- -
0.04
- -
- -
- -
- -
- -
Book Value per Share
17.61
41.87
1.74
1.62
3.01
0.35
0.4
0.43
0.47
0.48
0.47
0.5
0.37
0.36
Tangible Book Value per Share
17.61
41.87
1.74
1.62
3.01
0.35
0.4
0.42
0.46
0.47
0.47
0.5
0.37
0.36
Basic Weighted Avg Shares
2
2
4
6
7
88
22
88
88
88
109
109
109
106
Sales/Revenue/Turnover
55
- -
- -
- -
- -
4
38
40
32
40
37
37
26
19
Operating Margin (%)
-6.49
-7,024.1
-6,183.74
-458.59
2,366.5
-1.89
14.37
16.84
9.49
10.83
15.15
6.78
6.68
12.04
Depreciation Expense
1
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
- -
Net Income, GAAP
4
13
-68
-3
- -
1
4
3
2
1
4
3
-14
-15
Effective Tax Rate (%)
- -
16.75
- -
- -
2.47
- -
8.15
13.96
- -
14.14
7.93
- -
- -
- -
Profit Margin (%)
6.51
112,752.99
-299,820.89
-1,437.28
2,600.98
12.01
11.27
7.78
7.81
1.86
12.01
8.76
-51.57
-77.43
Working Capital
33
81
9
10
21
37
33
28
25
28
36
28
23
21
LT Debt
- -
- -
- -
- -
- -
14
14
8
1
4
2
1
- -
- -
Total Equity
33
78
9
10
21
36
40
49
52
53
63
66
48
46
Return on Invested Capital (%)
6.64
1.2
- -
- -
-1.57
- -
9.11
9.02
- -
5.5
7.78
- -
- -
- -
Return on Capital (%)
10.84
23.38
- -
- -
1.68
- -
9.25
5.3
- -
1.16
7.64
- -
- -
- -
Return on Common Equity (%)
11.22
23.37
-156.55
-27.3
1.68
2.06
12.97
8.59
6.21
1.79
9.54
6.16
-28.46
-31.58

Capital Structure

PLN

•

in mil. unless spec.
Dec'24
Mar'25
Sep'25
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
109
109
109
Market Capitalization
26
32
30

Working Capital

PLN

•

in mil. unless spec.
Dec'24
Mar'25
Sep'25
Total Current Assets
28
28
27
Cash, Cash Equivalents & STI
1
2
1
Accounts Receivable, Net
4
4
4
Inventories
22
22
22
Total Current Liabilities
5
6
6
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
23.41%
0.82%
-27.52%
Free Cash Flow
132.92%
213.25%
-105.37%
Net Income, GAAP
43.14%
-27.8%
-517.07%
Sales/Revenue/Turnover
4,563.13%
-6.32%
-29.17%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6
10
7
3
26
2025
3
- -
3
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
-0.14
-0.12
2025
- -
- -
0.01
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

CEO
Teresa Janina Kawczynska
Full Time Employees
49
Sector
Industrial services
Industry
Engineering & construction
Address
5 Laczyny St. Warsaw MZ Poland 02-820
IPO Date
Jul 14, 2008
Business
Starhedge S.A. (SHG.WA) is a Poland-based investment holding company listed on the main market of the Warsaw Stock Exchange that engages in diversified portfolio investments across multiple sectors; it acquires stocks in public companies, derivatives including futures, options, currencies and FOREX instruments, commodities, private equity stakes in real estate development and brokerage, and shares in renewable energy firms specializing in photovoltaic panels, energy sales and distribution; the company targets the financial sector, power industry including renewables, new technologies, and real estate markets, serving Polish and international investors with operations extended into several EU countries such as Bulgaria, Hungary and Romania. Founded in 2001 and headquartered at ul. Laczyzny 5 in Warsaw, Poland, Starhedge S.A. pursues a strategy of portfolio diversification and risk management to achieve at least 10% annual profitability and significant equity growth; major shareholders include Polish investor Dariusz Wojdyga, associated with entities like KOFOLA S.A. and Nord Development, and the German fund STAR Ventures GmbH, which focuses on listed companies in international capital markets; the firm maintains international cooperation with entities in Western Europe, Central and Eastern Europe, the US, Japan and China to source investments and funding. Previously known as Global Energy S.A., the company shifted its primary focus from direct renewable energy production under the Greenenergy brand and eco-food operations via Graineco to broader investment activities; it operates through special purpose vehicles including KIS INVEST OOD and related Bulgarian entities, while reporting trailing twelve-month revenue of PLN 34.36 million and net income of PLN 4.19 million as of recent data, with approximately 107 employees.