Gielda Papierów Wartosciowych w Warszawie S.A.

Gielda Papierów Wartosciowych w Warszawie S.A.

GPW.WA
Gielda Papierów Wartosciowych w Warszawie S.A.PL flagWarsaw Stock Exchange
98.20
PLN
+2.45
- -
4.12BMarket Cap
Gielda Papierów Wartosciowych w Warszawie S.A.
GPW.WA
(Warsaw Stock Exchange)

Recent

price

98.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.38
6.4
6.52
6.76
7.57
7.81
7.41
8.39
8.26
8.01
9.62
9.71
9.27
10.6
11.08
13.15
14
Revenue per Share
2.26
3.19
2.52
2.7
2.67
2.89
3.12
3.78
4.38
2.84
3.63
3.84
3.45
3.72
3.54
4.65
5.1
Basic EPS, GAAP
1.27
2.49
2.37
2.23
3.41
1.48
4.34
3.25
2.75
4.15
4.64
0.23
3.72
1.74
2.18
3.03
3.34
Free Cash Flow per Basic Share
14.22
3.22
1.45
0.79
1.2
2.4
2.36
2.15
2.2
3.18
2.4
2.51
2.74
2.7
3
3.16
- -
Dividend per Share
12.48
12.46
13.24
15.15
16.48
16.94
17.37
18.93
21.11
20.61
21.83
23.18
23.89
24.91
25.51
27.01
28.63
Book Value per Share
11.07
11.05
8.25
8.79
10.33
10.76
10.98
12.69
15.09
14.63
15.84
16.77
17.11
17.3
17.67
18.74
20.19
Tangible Book Value per Share
42
42
42
42
42
42
42
42
42
42
42
42
42
42
42
42
42
Basic Weighted Avg Shares
226
269
274
284
318
328
311
352
347
336
404
408
389
445
465
552
588
Sales/Revenue/Turnover
40.66
50.09
45.48
41.27
42.85
46.36
50.55
52.15
49.72
46.25
48.86
43.65
34.84
28.65
33.84
36.53
38.72
Operating Margin (%)
17
16
17
26
29
27
26
28
32
37
36
35
37
32
32
37
36
Depreciation Expense
95
134
106
113
112
121
131
159
184
119
152
161
145
156
149
195
214
Net Income, GAAP
17.79
17.74
18.77
12.55
19.28
18.76
19.19
16.9
18.73
20.36
19.89
16.76
17.08
16.35
14.35
18.46
18.28
Effective Tax Rate (%)
42.03
49.76
38.63
39.93
35.29
37.05
42.17
45.1
52.97
35.51
37.69
39.56
37.24
35.06
31.99
35.34
36.39
Profit Margin (%)
192
345
292
311
381
391
289
471
576
569
615
408
403
379
363
355
389
Working Capital
- -
170
244
244
244
244
123
244
244
259
254
4
- -
20
20
15
13
LT Debt
525
524
556
638
695
713
731
797
888
867
918
968
1,001
1,050
1,075
1,142
1,213
Total Equity
14.41
18.15
13.52
12.18
11.59
12.08
11.99
14.28
12.74
10.79
13.13
11.55
9.58
9.87
12.16
14.41
15.29
Return on Invested Capital (%)
18.31
21.9
15.86
14.61
13.19
13.55
14.24
16.54
17.56
12.3
14.5
13.96
13.33
14.78
14.04
17.22
17.87
Return on Capital (%)
18.18
25.56
19.62
19.02
16.89
17.32
18.21
20.84
21.86
13.63
17.09
17.07
14.68
15.23
14.06
17.7
18.42
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7
8
7
LT Borrowings
- -
- -
- -
LT Finance Leases
17
15
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
2,419
2,735
3,004

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
469
489
614
Cash, Cash Equivalents & STI
376
406
474
Accounts Receivable, Net
63
57
97
Inventories
- -
- -
- -
Total Current Liabilities
144
134
225
Payables & Accruals
- -
- -
- -
ST Debt
7
8
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.88%
4.48%
6.23%
Free Cash Flow
163.51%
284.04%
39.05%
Net Income, GAAP
6.72%
5.98%
31.14%
Sales/Revenue/Turnover
5.76%
6.78%
18.72%
Total Cash Common Dividend
4.04%
5.72%
5.14%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
118
121
112
114
465
2025
132
144
135
140
552
2026
169
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.94
0.85
0.9
- -
3.54
2025
1.2
1.37
1.17
- -
4.65
2026
1.66
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3
2025
- -
- -
- -
- -
3.16
2026
- -
- -
- -
- -
- -
Business
Gielda Papierów Wartościowych w Warszawie S.A. (GPW) operates Poland's largest stock exchange and serves as the parent of the Warsaw Stock Exchange Group, offering trading, listing, clearing, settlement, and information services across equities, derivatives, fixed-income securities, structured products, and commodities. The company maintains key markets including the flagship GPW Main Market for established domestic and international issuers; NewConnect for growth companies; Catalyst for bonds comprising corporate, municipal, treasury, mortgage, and other debt instruments; Treasury BondSpot Poland; and GlobalConnect for select foreign equities traded in PLN without issuer involvement; alongside commodity platforms managed through subsidiaries such as Towarowa Giełda Energii S.A. for electricity, natural gas, property rights certificates of origin, CO2 emission allowances, and agricultural products, plus InfoEngine S.A. for data services. GPW provides additional offerings like WIBID and WIBOR benchmark calculations, capital market education, market data dissemination, and technical operator services for energy balancing; it operates primarily in Poland with nearly 1,000 domestic and international issuers and recognition as Central and Eastern Europe's largest financial instruments exchange; founded in 1991 and headquartered in Warsaw at ul. Książęca 4. Recent developments feature the ongoing rollout of the proprietary GPW WATS trading platform, a modern Rust-based system enhancing speed, security, and modularity with integration tests and dress rehearsals completed by late 2025 ahead of full deployment; robust equity capital market activity with H1 2025 transactions totaling PLN 10.9 billion including IPOs for Diagnostyka and Arlen; new listings such as Żabka Group's PLN 1 billion sustainable bonds, Allegro's additional bonds, municipal issues from Skierniewice and Świętochłowice, four NewConnect entrants including Kolejkowo and MAZOP Group, three ETFs on the Main Market, and five Nordic stocks (Carlsberg, H&M, Novo Nordisk, Vestas, Volvo) on GlobalConnect; alongside record Q2 2025 revenue, FTSE Russell's 2018 classification of Poland as a developed market, and NC Focus segment for 39 high-potential NewConnect firms.