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MCI Capital Alternatywna Spólka Inwestycyjna S.A.

MCI Capital Alternatywna Spólka Inwestycyjna S.A.

MCI.WA
MCI Capital Alternatywna Spólka Inwestycyjna S.A.PL flagWarsaw Stock Exchange
28.00
PLN
+0.10
- -
1.47BMarket Cap
MCI Capital Alternatywna Spólka Inwestycyjna S.A.
MCI.WA
(Warsaw Stock Exchange)

Recent

price

28.00

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
0.23
0.66
0.8
1.27
0.08
0.12
0.17
0.24
1.92
0.46
4.41
8.07
3.38
4.42
0.89
2.05
1.85
Revenue per Share
3.09
0.31
0.67
2.99
5.63
1.94
-1.34
1.88
2.6
2.19
2.74
9.26
2.77
3.14
0.3
0.87
0.65
Basic EPS, GAAP
-0.09
0.78
-0.55
0.42
0.4
0.02
1.17
0.29
-0.42
2.68
0.63
1.56
0.3
1.16
-0.21
2.9
3.26
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.55
0.71
- -
- -
1.61
- -
Dividend per Share
4.1
1.32
1.7
4.33
6.66
2.95
-0.35
15.6
19.02
1.76
24.27
33.21
34.37
37.03
37.33
36.58
36.65
Book Value per Share
9.87
8.71
7.8
10.96
16.51
18.43
16.95
18.87
22.46
24.6
27.6
35.95
37.05
39.68
39.98
39.26
39.32
Tangible Book Value per Share
50
60
62
62
63
63
62
56
53
52
49
50
52
52
52
52
52
Basic Weighted Avg Shares
12
40
50
79
5
8
10
13
102
24
216
406
175
232
46
108
97
Sales/Revenue/Turnover
2.86
-35.28
90.83
246.91
7,059.01
1,696.13
-685.26
928.05
196.26
645.78
83.32
88.28
78.11
84.17
63.78
76.37
73.16
Operating Margin (%)
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
2
1
1
1
1
1
1
Depreciation Expense
156
19
42
186
352
121
-82
105
138
113
134
466
143
165
16
45
34
Net Income, GAAP
0.58
29.3
- -
- -
2.08
- -
- -
2.73
1.58
20.51
20.23
- -
- -
0.6
- -
19.88
26.37
Effective Tax Rate (%)
1,356.51
46.9
83.28
234.85
6,820.54
1,584.02
-794.7
780.19
135.43
475.4
62.08
114.77
81.91
71.19
33.39
42.19
35
Profit Margin (%)
21
26
-46
88
3
-38
33
-87
-74
-62
-83
-69
-73
28
30
-32
-261
Working Capital
63
58
35
85
163
137
221
133
96
78
135
114
177
240
274
218
2
LT Debt
498
526
572
763
1,032
1,155
1,043
1,050
1,188
1,271
1,356
1,808
1,916
2,081
2,097
2,059
2,063
Total Equity
0.07
-1.69
- -
- -
33.29
- -
- -
9.2
14.68
8.8
9.46
- -
- -
8.52
- -
2.81
2.19
Return on Invested Capital (%)
73.91
11.21
- -
- -
70.26
- -
- -
17.64
13.3
17.24
17.03
- -
- -
9.19
- -
3.07
2.37
Return on Capital (%)
105.6
13.06
44.76
98.97
102.61
40.38
- -
- -
14.68
20.67
20.94
32.54
8.31
8.86
0.8
2.35
1.74
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6
37
267
LT Borrowings
365
216
- -
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
52
52
52
Market Capitalization
1,532
1,448
1,432

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
42
19
13
Cash, Cash Equivalents & STI
31
9
5
Accounts Receivable, Net
9
8
7
Inventories
- -
- -
- -
Total Current Liabilities
20
51
274
Payables & Accruals
- -
- -
- -
ST Debt
6
37
267
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.47%
9.38%
-1.8%
Free Cash Flow
309.72%
-251.25%
-1,508.89%
Net Income, GAAP
-6.76%
59.02%
193.12%
Sales/Revenue/Turnover
156.75%
23.02%
132.01%
Total Cash Common Dividend
- -
- -
130%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26
13
31
-24
46
2025
27
37
17
26
108
2026
17
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.3
0.29
0.37
- -
0.3
2025
0.29
0.37
0.04
- -
0.87
2026
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
1.61
2026
- -
- -
- -
- -
- -
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Business
MCI Capital Alternatywna Spólka Inwestycyjna S.A. (MCI.WA) is a Poland-based alternative investment company primarily engaged in private equity and venture capital activities focused on digital transformation, digital economy, and climatech sectors; it manages investment funds targeting growth-stage, expansion, buyout, and seed/early-stage opportunities in areas such as SaaS and B2B software, e-commerce and marketplaces (B2C/B2B), payments, fintech and insurtech, digital infrastructure, and energy/retail digital transformation across Central and Eastern Europe, DACH region (Germany, Austria, Switzerland), and Israel. The company operates through funds including MCI.EuroVentures (private equity/buyout), MCI.TechVentures (venture capital), MCI.BioVentures, Helix Ventures Partners, Internet Ventures, MCI.ImmoVentures, and MCI Gandalf Aktywnej Alokacji SFIO; it provides investment support via recapitalizations, carveouts, public-to-private transactions, and founder transitions, with assets under management exceeding PLN 2.7 billion (approximately EUR 650 million) as of late 2024 and a historical net IRR of around 28% on growth and private equity investments. Founded in 1999 by Tomasz Czechowicz and headquartered at ul. Rondo Ignacego Daszynskiego 1 in Warsaw, Poland, MCI Capital lists on the Warsaw Stock Exchange since 2001 and maintains subsidiaries such as MCI Capital TFI S.A. and MCI Fund Management Sp. z o.o. Recent developments include the July 2025 sale of its stake in IAI Group, a leading Central and Eastern European e-commerce software provider, to Montagu Private Equity, marking one of the firm's largest exits; a full exit from Answear.com, a major fashion e-commerce platform, via an accelerated bookbuild yielding nearly 3x cash-on-cash return; a strategic partnership with WEBCON in 2025 for majority stake acquisition to accelerate the low-code software producer's international expansion; and bond issuances totaling PLN 170 million in recent years to support portfolio growth and extend debt maturity.