1. Poland Stocks

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    Technology services

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    Information technology services
Talex S.A.

Talex S.A.

GGPW:TLX
17.50
PLN
-0.50
(-2.78%)
1.85EPS
9.48P/E
52.50MMarket Cap
Talex S.A.
GPW:TLX
(Warsaw Stock Exchange)

Recent

price

17.50

P/E

ratio

9.48

div

yld

1.43%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
PLN
35.37
47.59
31.54
39.04
36.65
41.35
37.68
35.96
31.59
29.6
32.32
24.43
27.21
27.72
24.19
43.63
40.15
Revenue per Share
0.75
0.22
-0.72
1.98
2.89
2.08
1.57
1.91
2.19
0.8
1.21
-1.66
0.58
0.5
0.29
1.48
1.85
Basic EPS, GAAP
- -
-3.94
1.78
3.79
-1.53
-6.97
3.16
2.83
1.84
1.83
1.74
1.59
0.66
-0.2
1.73
0.94
3.6
Free Cash Flow per Basic Share
- -
0.5
0.2
0.3
1.3
1.8
1.3
1.1
1.2
1.3
0.6
0.7
- -
- -
0.9
0.25
0.25
Dividend per Share
14.63
14.35
13.43
14.64
16.24
16.31
16.58
17.38
18.37
18.2
18.8
16.45
17.03
17.52
16.92
18.14
17.01
Book Value per Share
14.45
13.93
13.01
14.21
15.94
15.97
16.39
17.22
18.22
18.01
18.65
16.28
16.91
17.43
16.86
18.03
16.87
Tangible Book Value per Share
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
Basic Weighted Avg Shares
106
143
95
117
110
124
113
108
95
89
97
73
82
82
73
131
120
Sales/Revenue/Turnover
2.39
0.13
-0.84
6.13
9.55
6.79
5.57
6.98
8.78
2.76
4.11
-6.49
-3.57
1.5
0.08
4.43
5.94
Operating Margin (%)
- -
4
4
3
3
5
6
6
6
7
6
5
6
4
3
4
- -
Depreciation Expense
2
1
-2
6
9
6
5
6
7
2
4
-5
2
1
1
4
6
Net Income, GAAP
11.25
4.47
- -
18.51
18.9
19.97
19.9
19.37
16.57
16.03
18.7
- -
24.43
14.54
- -
16.27
15.31
Effective Tax Rate (%)
2.12
0.46
-2.27
5.08
7.89
5.04
4.18
5.31
6.94
2.71
3.74
-6.78
2.14
1.8
1.22
3.38
4.6
Profit Margin (%)
19
17
15
16
16
4
4
5
- -
1
5
- -
-2
- -
5
8
6
Working Capital
- -
- -
- -
- -
- -
16
11
7
7
4
4
3
2
3
3
3
- -
LT Debt
44
43
40
44
49
49
50
52
55
55
56
49
51
53
51
54
51
Total Equity
5.25
0.36
- -
13.93
18.66
11.34
7.51
9.12
9.97
3.23
5.44
- -
3.47
3.33
- -
8.12
- -
Return on Invested Capital (%)
6.05
1.59
- -
14.44
19.13
11.38
7.97
9.65
10.53
4.07
5.78
- -
3.64
3.41
- -
8.34
- -
Return on Capital (%)
5.25
1.52
-5.16
14.13
18.76
12.83
9.59
11.26
12.26
4.38
6.53
-9.4
3.48
2.87
1.71
8.42
- -
Return on Common Equity (%)

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
3
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
59
57
53

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
24
- -
21
Cash, Cash Equivalents & STI
7
- -
5
Accounts Receivable, Net
13
- -
13
Inventories
2
- -
3
Total Current Liabilities
16
- -
15
Payables & Accruals
- -
- -
- -
ST Debt
1
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.25%
-0.46%
7.25%
Free Cash Flow
-142.94%
-246.6%
-45.76%
Net Income, GAAP
-2.69%
-5.16%
402.27%
Sales/Revenue/Turnover
3.37%
11.28%
80.4%
Total Cash Common Dividend
- -
- -
-72.22%

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16
17
19
21
73
2025
15
- -
41
42
131
2026
17
21
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
-0.21
0.05
0.43
0.29
2025
-0.38
- -
0.56
1.23
1.48
2026
-0.45
0.51
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.9
- -
0.9
2025
- -
- -
0.25
- -
0.25
2026
- -
- -
- -
- -
- -
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Business
Talex S.A. (TLX.WA) provides comprehensive IT services, including system integration, data center operations, IT outsourcing and software development, to medium-sized and large enterprises primarily in Poland. The company offers dedicated computing power and scalable cloud infrastructure; server colocation and relocation with business continuity guarantees; backup, disaster recovery and 24/7 monitoring in two Class 4-certified Data Centers compliant with EN 50600 and ISO 22237 standards; comprehensive IT management encompassing HelpDesk, ServiceDesk, hardware installation, configuration, maintenance and disposal; custom software design, implementation and maintenance, including over 30 proprietary solutions for banking and other sectors; network integration services such as DWDM, IP telephony, structural cabling and security; and analytical systems with contact center support. Founded in 1989 and headquartered in Poznan, Poland, with additional facilities in Wroclaw, Warsaw and nationwide service points, Talex serves industries including financial institutions, e-commerce, automotive and state-owned enterprises. Recent developments include securing major contracts in 2025 with Credit Agricole Bank Polska S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and Volkswagen Group Polska Sp. z o.o.; increased service revenue share to 91% of total sales in 2024 with improved margins; and strategic emphasis on outsourcing and AI-driven digital transformation initiatives.