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    Advertising Agencies
LARQ S.a.

LARQ S.a.

LRQ.WA
LARQ S.a.PL flagWarsaw Stock Exchange
2.79
PLN
-0.03
- -
37.62MMarket Cap
LARQ S.a.
LRQ.WA
(Warsaw Stock Exchange)

Recent

price

2.79

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
7.72
8.87
8.17
5.68
7.19
6.18
0.71
0.12
0.06
0.04
0.04
0.03
0.02
0.03
0.03
- -
0.03
Revenue per Share
0.17
-0.11
0.13
-1.01
-0.04
-1.44
4.38
4.7
-1.68
-3.58
-5.22
-0.86
-0.39
0.97
-0.46
- -
-0.4
Basic EPS, GAAP
-0.91
-0.33
-0.29
0.26
-0.81
-1.08
-0.53
-0.36
-0.35
-0.47
-0.26
-0.09
-0.04
-0.03
-0.49
- -
-0.48
Free Cash Flow per Basic Share
- -
- -
- -
0.05
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.92
1.78
1.91
0.85
0.88
-0.54
10.2
14.6
11.68
7.84
2.14
4.11
2.78
3.74
3.21
- -
3.32
Book Value per Share
4.39
3.73
3.75
2.6
2.38
1.71
12.73
18.05
15.42
11.49
6.02
4.34
3.18
4.16
3.86
- -
3.95
Tangible Book Value per Share
7
7
7
7
7
7
7
8
8
8
9
10
13
13
13
- -
13
Basic Weighted Avg Shares
56
65
60
41
52
44
5
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Sales/Revenue/Turnover
2.56
0.77
2.29
-13.55
5.02
-21.21
-76.93
-497.97
-847.18
-1,168.79
-568.28
-342.97
-1,331.6
-97.89
-1,019.96
-116.68
-1,022.4
Operating Margin (%)
- -
1
1
1
3
6
1
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
1
-1
1
-7
- -
-10
32
36
-13
-29
-45
-9
-5
13
-6
11
-5
Net Income, GAAP
22.51
- -
37.65
- -
94.73
- -
- -
22.01
- -
- -
- -
- -
- -
22.52
- -
17.28
287.73
Effective Tax Rate (%)
2.15
-1.25
1.57
-17.8
-0.56
-23.31
618.78
3,815.83
-2,923.08
-8,934.03
-14,302.59
-2,618.39
-1,641.68
3,325.29
-1,451.88
2,578.86
-1,288.26
Profit Margin (%)
20
18
17
8
2
-4
-3
- -
-5
-8
-6
-7
-8
-9
-5
-12
-5
Working Capital
2
2
2
2
10
9
1
- -
- -
- -
- -
- -
- -
- -
7
- -
7
LT Debt
32
31
33
25
25
16
94
136
121
92
51
43
41
54
51
62
53
Total Equity
3.34
- -
2.42
- -
0.38
- -
- -
-3.04
- -
- -
- -
- -
- -
-0.54
- -
-0.61
- -
Return on Invested Capital (%)
7.8
- -
5.99
- -
-3.27
- -
- -
37.05
- -
- -
- -
- -
- -
26.81
- -
19.57
-21.34
Return on Capital (%)
9.13
-6
6.92
-73.09
-4.66
- -
- -
38.4
-13.06
-37.19
-110.09
-28.88
-13.28
29.98
-13.34
23.63
-11.48
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
6
6
6
LT Borrowings
7
7
7
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13
13
- -
Market Capitalization
25
26
26

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
1
1
1
Cash, Cash Equivalents & STI
1
- -
- -
Accounts Receivable, Net
1
- -
1
Inventories
- -
- -
- -
Total Current Liabilities
6
6
6
Payables & Accruals
- -
- -
- -
ST Debt
6
6
6
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
47.95%
5.53%
22.31%
Free Cash Flow
126.4%
269.36%
-95.11%
Net Income, GAAP
-127.33%
-181.14%
-287.5%
Sales/Revenue/Turnover
-21.56%
7.58%
5.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

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

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.13
- -
- -
- -
-0.46
2025
0.17
- -
- -
- -
- -
2026
0.04
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Larq S.A. is a Poland-based investment holding company that actively manages and advises a portfolio of companies in innovative media, new technologies, marketing automation, and smart city solutions. Founded in 2007 and headquartered at ul. Tamka 16/U4 in Warsaw, the company provides strategic advisory services, including business development, marketing communication strategies, multi-dimensional market analysis, and ongoing monitoring to enhance the efficiency and competitiveness of its portfolio entities, with operations focused primarily on the Polish market and ambitions for international expansion. Its key portfolio companies include Synergic sp. z o.o., Poland's leading provider of non-standard and mobile outdoor advertising solutions that designs, produces, and executes nationwide and local marketing campaigns using innovative Out of Home media, urban display systems, and event marketing; and YouLead, a proprietary advanced platform for sales and marketing automation tailored to sectors such as e-commerce, automotive, and construction, which integrates with client websites to boost revenue through customized interactions regardless of business scale. Larq S.A., formerly known as CAM Media S.A. until its name change in October 2015, previously operated in outdoor advertising segments including transit advertising on buses and streetcars, ambient solutions in retail spaces, mega-format displays on building facades, event management, retail ticket advertising, and creative design services; it also historically held stakes in entities like Brand24 S.A., a social media monitoring tool, with majority shareholders including Larq completing a sale of a 57.6% stake to Semrush in May 2024. Recent developments include entering a preliminary agreement in September 2025 to sell shares in Synergic sp. z o.o., followed by the binding sales agreement in October 2025; court registration of statute changes in August 2025; appointments of new management board and supervisory board members in June 2025; and release of interim financial statements and activity reports for the first half of 2025 in September 2025, reflecting ongoing portfolio optimization and governance enhancements.