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    Technology services

  3. •

    Packaged software
TenderHut Spolka Akcyjna

TenderHut Spolka Akcyjna

GGPW:THG
5.34
PLN
0.00
(0.00%)
-2.58EPS
13.79MMarket Cap
Dec 02Next Earn
TenderHut Spolka Akcyjna
GPW:THG
(Warsaw Stock Exchange)

Recent

price

5.34

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
- -
8.41
12.3
19.42
23.8
31.32
31.52
25.44
22.52
19.6
18.73
Revenue per Share
- -
0.83
1.39
1.42
3.04
2.28
-4.87
-4.62
-1.68
-2.72
-2.69
Basic EPS, GAAP
- -
0.08
-0.55
-1.26
2.87
0.44
-3.57
-4.88
0.95
0.25
0.13
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.2
2.25
5.13
6.92
10.91
18.93
15.23
9.83
8.38
5.64
5.7
Book Value per Share
1
1.59
2.68
2.62
5.43
10.67
8.14
3.46
2.78
1.75
1.83
Tangible Book Value per Share
2
2
2
2
2
2
2
2
2
2
2
Basic Weighted Avg Shares
- -
16
24
38
46
61
68
56
50
45
43
Sales/Revenue/Turnover
- -
12.49
14.86
10.35
16.61
9
1.79
-14.52
1.76
3.36
3.43
Operating Margin (%)
- -
- -
- -
1
1
2
3
2
1
- -
- -
Depreciation Expense
- -
2
3
3
6
4
-10
-10
-4
-6
-6
Net Income, GAAP
- -
14.69
20.25
22.68
20.87
22.36
78.07
- -
- -
- -
- -
Effective Tax Rate (%)
- -
9.86
11.28
7.33
12.79
7.29
-15.45
-18.17
-7.47
-13.86
-14.34
Profit Margin (%)
2
3
5
5
11
20
17
2
5
2
2
Working Capital
- -
- -
- -
- -
1
1
1
- -
3
1
- -
LT Debt
2
4
10
13
21
40
35
22
19
13
13
Total Equity
- -
50.53
38.96
22.97
30.2
11.92
0.59
- -
- -
- -
- -
Return on Invested Capital (%)
- -
47.34
37.91
21.58
30.13
14.24
-24.91
- -
- -
- -
- -
Return on Capital (%)
- -
48
37.54
23.62
34.14
14.64
-28.93
-36.83
-18.14
-38.75
-38.16
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
2
2
2
LT Borrowings
1
1
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
15
14
14

Working Capital

PLN

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12
10
9
Cash, Cash Equivalents & STI
3
2
2
Accounts Receivable, Net
9
6
7
Inventories
- -
- -
- -
Total Current Liabilities
7
8
7
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
- -
-1.98%
-33.04%
Free Cash Flow
- -
-249.62%
-73.08%
Net Income, GAAP
- -
-72.26%
68.06%
Sales/Revenue/Turnover
- -
1.07%
-9.49%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13
12
12
13
50
2025
11
- -
11
11
45
2026
10
- -
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.18
-0.69
-0.29
-0.87
-1.68
2025
0.13
- -
0.16
-3.02
-2.72
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
TenderHut S.A. TenderHut S.A. is a Polish technology group that, through its subsidiaries, provides IT solutions across software development, cybersecurity, digital design and marketing, laboratory systems, and venture building segments. The company designs, adopts, and develops IT systems including web portals, mobile applications, dedicated systems, and other custom software; offers IT outsourcing services; delivers, implements, and personalizes laboratory information management systems (LIMS); provides legal consulting, financing support, and cybersecurity services for software houses, startups, and high-tech companies; and supports entrepreneurs with sales network growth, tendering processes for public and commercial contracts, and specialized consulting in IT and international trade. It operates primarily in Poland with additional presence in Nordic markets through entities like SoftwareHut Nordic APS, the United States via SoftwareHut LLC, and serves clients in technology, financial, insurance, research, healthcare, and education sectors. Founded in 2010 and headquartered in Bialystok, Poland, TenderHut S.A. maintains subsidiaries such as SoftwareHut for software design and development, ProtectHut for IT security, Solution4Labs for LIMS systems, LegalHut for legal services, ExtraHut for mobile applications, and others including Grow Uperion, Zonifero, Holo4Labs, and NOACON for specialized IT solutions like employee incentive portals, office management applications, and augmented reality products based on Microsoft HoloLens. Recent developments include its listing on the Warsaw Stock Exchange Main Market in November 2022 following an initial NewConnect debut in 2021, acceleration of acquisitions such as Brainhint sp. z o.o. in March 2022 and Evertop sp. z o.o. in 2021 to expand development teams and consolidate local IT talent in north-eastern Poland, earlier integrations of companies like LIT specializing in Google technologies, QBurst Poland, and LemonTea to bolster software capabilities and international delivery, and ongoing emphasis on AI-powered innovations for document processing, sales forecasting, anomaly detection, and predictive analytics in operational efficiency.