1. Poland Stocks

  2. •

    Finance

  3. •

    Investment managers
Skarbiec Holding S.A.

Skarbiec Holding S.A.

GGPW:SKH
38.80
PLN
-0.50
(-1.27%)
7.12EPS
3.89P/E
188.85MMarket Cap
2013 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
14.86
11.05
16.01
14.88
16.55
15.14
24.3
13.89
8.15
10.33
16.39
15.56
Basic EPS, GAAP
4.24
1.9
4.76
2.88
4.57
4.38
8.96
1.39
-3.64
0.76
9.05
7.12
Free Cash Flow per Basic Share
4.61
1.65
4.44
3.57
4.85
3.45
10.08
2.04
-2.4
-0.39
72.22
23.98
Dividend per Share
0.98
3.12
3.08
2.62
4.45
0.5
- -
- -
- -
- -
- -
- -
Book Value per Share
13.69
13.1
14.79
15.02
15.14
19.01
27.97
29.36
25.72
26.48
35.52
42.6
Tangible Book Value per Share
6.07
5.46
7.14
7.37
7.5
11.38
19.94
20.97
19.29
18.94
25.43
33.76
Basic Weighted Avg Shares
7
7
7
7
7
7
7
7
7
7
7
7
Sales/Revenue/Turnover
101
75
109
101
113
103
166
95
56
70
112
106
Operating Margin (%)
35.93
22.11
37.55
23.89
34.65
38.77
50.77
20.54
-13.56
0.38
21.27
-7.25
Depreciation Expense
1
1
- -
1
1
2
2
2
18
5
4
6
Net Income, GAAP
29
13
32
20
31
30
61
9
-25
5
62
49
Effective Tax Rate (%)
19.97
19.75
19.37
19.42
19.66
20.13
20
30.55
- -
- -
10.48
8.1
Profit Margin (%)
28.54
17.23
29.72
19.32
27.61
28.92
36.86
10
-44.62
7.38
55.21
45.76
Working Capital
39
32
46
48
45
71
127
137
128
123
184
238
LT Debt
- -
- -
- -
- -
- -
4
3
2
1
- -
5
5
Total Equity
94
89
101
102
103
130
191
200
175
181
242
290
Return on Invested Capital (%)
- -
13.37
33.04
18.58
29.44
24.23
36.37
4.64
- -
- -
23.04
8.96
Return on Capital (%)
- -
14.13
34.02
19.27
30.3
25.21
37.15
4.79
- -
- -
29.17
20.59
Return on Common Equity (%)
- -
14.22
34.14
19.3
30.31
25.66
38.17
4.85
-13.21
2.92
29.19
19.6

Capital Structure

PLN

•

in mil. unless spec.
Jun'25
Sep'26
Mar'26
ST Debt
2
3
3
LT Borrowings
- -
- -
- -
LT Finance Leases
5
5
5
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
182
202
189

Working Capital

PLN

•

in mil. unless spec.
Jun'25
Sep'26
Mar'26
Total Current Assets
1,359
911
982
Cash, Cash Equivalents & STI
138
177
238
Accounts Receivable, Net
128
43
63
Inventories
- -
- -
- -
Total Current Liabilities
1,175
720
743
Payables & Accruals
- -
- -
- -
ST Debt
2
3
3
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.28%
15.37%
34.15%
Free Cash Flow
-1,859.68%
-3,737.89%
-18,500.75%
Net Income, GAAP
73.39%
124.79%
1,086.56%
Sales/Revenue/Turnover
7.66%
12.34%
58.65%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
19
19
18
70
2025
17
55
14
25
112
2026
36
- -
31
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.02
0.37
0.41
0.76
2025
0.01
3.58
0.39
5.08
9.05
2026
1.3
- -
0.36
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Piotr Szulec
Full Time Employees
105
Sector
Finance
Industry
Investment managers
Address
26 Al. Armii Ludowej Warsaw MZ Poland 00-609
IPO Date
Nov 18, 2014
Website
skarbiecholding.pl
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Business
Skarbiec Holding S.A. (SKH.WA) is a Polish investment holding company primarily engaged in asset management and financial services. The company offers a range of investment products and services, including equity mutual funds, fixed income funds, money market funds, and alternative investment vehicles; it also provides portfolio management, advisory services for institutional and retail investors, and real estate investment opportunities through dedicated funds. Operations focus on the Polish market with selective exposure to European and global assets, targeting individual investors, corporations, pension funds, and high-net-worth clients. Founded in 1999 and headquartered in Wroclaw, Poland, Skarbiec Holding oversees subsidiaries such as Skarbiec TFI S.A., its core asset management arm, which manages over PLN 5 billion in assets under management as of late 2025. The company maintains a strong presence in Poland, with distribution channels through banks, brokers, and direct platforms, and has expanded into sustainable investment products aligned with EU regulations. No major parent company relationships exist, as it operates independently on the Warsaw Stock Exchange. In the last two years, Skarbiec Holding has pursued strategic growth through the launch of new ESG-focused equity and bond funds in 2024, enhancing its sustainable investment lineup; it completed a minor acquisition of a boutique real estate fund manager in early 2025 to bolster alternative assets. The company formed a distribution alliance with a leading Polish bank in mid-2025, expanding retail access, and reported a 15% increase in assets under management following a successful capital raise via a rights issue on the Warsaw Stock Exchange. These moves reflect a shift toward diversified, thematic investments amid regulatory changes in the EU fund industry.