1. Poland Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
VRG S.A.

VRG S.A.

GGPW:VRG
5.40
PLN
-0.02
(-0.37%)
0.46EPS
11.87P/E
1.27BMarket Cap
Nov 26Next Earn
2013 Y
2014 Y
2015 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
2.73
2.55
2.95
3.4
3.85
4.34
4.56
3.64
4.56
5.43
5.55
5.86
6.42
6.83
Basic EPS, GAAP
0.31
0.12
0.15
0.2
0.24
0.29
0.27
-0.17
0.28
0.4
0.43
0.37
0.42
0.46
Free Cash Flow per Basic Share
0.07
0.04
0.06
-0.08
0.03
0.18
0.35
0.54
0.74
0.62
0.73
0.22
0.89
0.91
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.17
0.2
0.09
- -
- -
Book Value per Share
2.36
2.48
2.59
2.79
3.03
3.43
3.68
3.51
3.79
4.02
4.25
4.53
4.95
5.1
Tangible Book Value per Share
0.29
0.41
0.55
0.77
1.03
1.27
1.55
1.38
1.66
1.88
2.12
2.4
2.82
2.49
Basic Weighted Avg Shares
146
174
174
176
179
186
234
234
234
234
234
234
234
238
Sales/Revenue/Turnover
398
443
514
599
689
806
1,068
854
1,070
1,274
1,302
1,375
1,505
1,626
Operating Margin (%)
8.54
8.31
8.45
8.53
9.22
8.96
8.15
-4.27
9.86
10.99
8.69
8.58
9.89
10.39
Depreciation Expense
11
11
13
14
16
17
111
110
104
110
127
134
136
146
Net Income, GAAP
45
20
25
35
43
54
64
-40
66
93
102
87
98
108
Effective Tax Rate (%)
17.34
20.3
21.11
20.83
21.42
18.49
19.36
- -
20.67
20.98
21.35
21.72
20.19
20.3
Profit Margin (%)
11.33
4.57
4.93
5.88
6.28
6.65
5.99
-4.68
6.2
7.3
7.82
6.32
6.53
6.66
Working Capital
109
120
129
161
202
211
260
233
294
319
312
361
449
418
LT Debt
119
108
100
94
84
297
242
306
271
221
182
204
218
331
Total Equity
410
431
453
494
542
805
863
823
890
943
998
1,063
1,162
1,195
Return on Invested Capital (%)
5.31
5.41
6.12
6.8
7.63
6.19
5.7
- -
5.98
8.4
6.61
6.99
7.22
7.77
Return on Capital (%)
10.34
4.84
5.32
6.65
7.42
6.17
5.87
- -
5.7
7.85
8.46
7.28
7.77
7.65
Return on Common Equity (%)
12.12
4.83
5.74
7.43
8.33
7.95
7.67
-4.74
7.74
10.15
10.49
8.43
8.83
9.44

Capital Structure

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
140
215
227
LT Borrowings
- -
84
81
LT Finance Leases
218
254
250
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
234
234
234
Market Capitalization
1,088
1,088
1,266

Working Capital

PLN

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
851
824
915
Cash, Cash Equivalents & STI
67
30
61
Accounts Receivable, Net
9
25
3
Inventories
764
769
828
Total Current Liabilities
402
429
497
Payables & Accruals
- -
- -
- -
ST Debt
140
215
227
Deferred Revenue
- -
- -
- -

Growth Rates

PLN

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.54%
7.13%
9.25%
Free Cash Flow
57.6%
55.13%
306.81%
Net Income, GAAP
-27.54%
-43.59%
13.08%
Sales/Revenue/Turnover
12.26%
12.33%
9.44%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
278
341
311
445
1,375
2025
294
378
346
488
1,505
2026
356
435
- -
- -
- -

Quarterly Earnings Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
0.12
0.04
0.2
0.37
2025
0.03
0.12
0.05
0.22
0.42
2026
- -
0.19
- -
- -
- -

Quarterly Dividends Per Share

PLN

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.09
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Mateusz Kolanski
Full Time Employees
2,170
Sector
Consumer non-durables
Industry
Apparel/Footwear
Address
Pilotów Street 10 Kraków MA Poland 31-462
IPO Date
Sep 30, 1993
Website
vrg.pl
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Business
VRG S.A. designs, manufactures, distributes, and retails high-quality apparel for men and women as well as jewelry through its apparel and jewelry segments; it offers men's fashion including classical and avant-garde jackets, suits, trousers, modern knitwear, coats, polo shirts, silk and bow ties, cufflinks, and accessories under the Vistula, Bytom, and Wólczanka brands, women's clothing comprising suits, jackets, jeans, shirts, sweaters, t-shirts, coats, dresses, skirts, trousers, and blouses under the Deni Cler Milano brand, and gold, platinum, diamond, and precious stone jewelry, watches from brands such as Rolex, Omega, and Tag Heuer, and gift cards under the W.KRUK brand; the company also provides franchise services, operates retail and online stores, and engages in real estate rental and management. VRG S.A. (formerly Vistula Group S.A.) operates primarily in Poland with a retail network of approximately 496 stores totaling 50,000 square meters, and distributes products in Hungary, the Eurozone, and the United States. Founded in 1948 and headquartered in Kraków, Poland, the company lists on the Warsaw Stock Exchange and follows a "House of Brands" strategy with outsourced production. In July 2025, VRG S.A.'s subsidiary W.KRUK S.A. signed a preliminary agreement to acquire the Lilou Group—including Lilou sp. z o.o., Lilou Online Shop, Lilou Retail, Logistics Retail, and related entities—for PLN 105 million plus up to PLN 30 million earn-out, pending antitrust approval from the President of the Office of Competition and Consumer Protection and subject to final agreement within 10 months; this transaction supports VRG's growth through complementary jewelry brand acquisitions.