1. Poland Stocks

  2. •

    Technology

  3. •

    Information Technology Services
Ifirma S.A.

Ifirma S.A.

IFI.WA
Ifirma S.A.PL flagWarsaw Stock Exchange
26.60
PLN
-0.35
- -
170.24MMarket Cap
Ifirma S.A.
IFI.WA
(Warsaw Stock Exchange)

Recent

price

26.60

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
1.14
1.29
1.46
1.31
1.52
1.66
1.99
2.38
2.71
3.3
3.78
5.23
6.73
8.01
9.11
9.9
9.86
Revenue per Share
-0.05
0.11
0.06
0.11
0.13
0.05
0.26
0.27
0.2
0.33
0.29
0.83
1.17
1.25
1.31
2.03
1.85
Basic EPS, GAAP
-0.1
-0.07
0.11
0.06
0.06
0.12
0.23
0.32
0.23
0.36
0.48
1.11
1.03
1.21
1.16
1.9
1.68
Free Cash Flow per Basic Share
- -
- -
0.07
0.04
0.07
0.08
0.03
0.13
0.13
0.15
0.16
0.39
0.98
1.4
1.03
1.7
1.77
Dividend per Share
0.05
0.21
0.19
0.21
0.23
0.15
0.36
0.32
0.19
0.24
0.27
0.59
0.52
0.35
0.61
0.73
0.73
Book Value per Share
0.53
0.63
0.66
0.75
0.74
0.81
0.96
1.15
1.15
1.35
1.49
1.93
2.14
2
2.27
2.62
2.5
Tangible Book Value per Share
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
Basic Weighted Avg Shares
7
8
9
8
10
11
13
15
17
21
24
33
43
51
58
63
63
Sales/Revenue/Turnover
-5.61
7.08
2.65
7.19
7.97
4.47
15.28
14.93
8.66
12.49
9.71
20.33
20.82
17.74
16.54
24.56
22.4
Operating Margin (%)
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
1
1
1
1
1
- -
1
Depreciation Expense
- -
1
- -
1
1
- -
2
2
1
2
2
5
7
8
8
13
12
Net Income, GAAP
- -
0.29
- -
4.85
2.49
23.41
19.76
19.8
19.59
20.82
21.73
21.53
18.29
19.97
20.01
19.68
19.73
Effective Tax Rate (%)
-4.36
8.32
4.43
8.22
8.86
2.85
12.93
11.32
7.47
10.14
7.68
15.78
17.33
15.61
14.41
20.53
18.71
Profit Margin (%)
3
4
4
4
4
4
6
6
6
8
8
11
4
2
1
3
1
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
4
4
4
5
5
6
7
8
8
9
10
12
14
13
15
17
17
Total Equity
- -
14.01
- -
9.33
12.77
6.26
23.54
23.31
14.35
22.75
17.59
41.8
47.62
45.56
45.84
65.9
68.8
Return on Invested Capital (%)
- -
83.41
- -
29.72
45.08
24.7
101.95
79.57
79.48
153.81
112.84
192.88
211.8
288.73
272.66
302.26
229.97
Return on Capital (%)
- -
83.41
32.77
53.44
60.01
24.7
101.95
79.57
79.48
153.81
112.84
192.88
211.78
288.68
272.55
302.26
229.97
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
6
Market Capitalization
192
205
186

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
12
13
12
Cash, Cash Equivalents & STI
7
7
6
Accounts Receivable, Net
- -
5
- -
Inventories
- -
- -
- -
Total Current Liabilities
10
10
11
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.83%
12.47%
15.77%
Free Cash Flow
39.57%
39.72%
63.92%
Net Income, GAAP
76.92%
58.51%
55.04%
Sales/Revenue/Turnover
19.83%
21.7%
8.78%
Total Cash Common Dividend
- -
75.3%
65.05%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
14
16
14
15
58
2025
16
18
15
15
63
2026
16
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
- -
0.3
- -
1.31
2025
0.56
- -
0.47
- -
2.03
2026
0.37
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.23
- -
0.3
- -
1.03
2025
0.3
- -
0.5
- -
1.7
2026
0.37
- -
- -
- -
- -
Similar Companies
EarthLabs Inc. (SPOFF)
Cornerstone FS plc (CSFS.L)
Access Co., Ltd. (4813.T)
Computer Direct Group Ltd. (CMDR.TA)
medondo holding AG (AMI.DE)
Fram Skandinavien AB (FRAM-B.ST)
Business
Ifirma S.A. (IFI.WA) provides online accounting, invoicing, and business management services through its flagship platform ifirma.pl, targeting small and medium-sized enterprises, sole proprietors, and freelancers primarily in Poland. The company offers a comprehensive SaaS solution encompassing internet-based bookkeeping for self-management or outsourcing to its professional accounting office; invoicing software including the Faktura+ program with multi-currency support, automated currency conversion via National Bank of Poland rates, handling of domestic/foreign/export/intra-EU invoices, GTU markings, and email dispatch; e-commerce integrations for order management across stores and marketplaces; warehouse management; financial analysis tools; customer relationship management (CRM); payroll processing; automated tax and social security compliance; and mobile/web accessibility with document storage via photos/files. Founded in 1997 and headquartered at ul. Grabiszynska 241B in Wroclaw, Poland, Ifirma S.A., formerly Power Media S.A., listed on the Warsaw Stock Exchange in 2008 and pioneered Poland's largest online accounting system, evolving from initial IT recruitment, outsourcing, and custom software development. Recent developments include regular dividend advances for Q1 and Q2 2025, alongside quarterly and interim financial reporting through September 2025 demonstrating ongoing operational stability and director transactions.