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    Manufacturing - Metal Fabrication
Mennica Polska S.A.

Mennica Polska S.A.

MNC.WA
Mennica Polska S.A.PL flagWarsaw Stock Exchange
39.00
PLN
+0.30
- -
1.99BMarket Cap
Mennica Polska S.A.
MNC.WA
(Warsaw Stock Exchange)

Recent

price

39.00

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
11.65
24.05
51.94
17.47
15.48
15.08
17.25
18.13
20.27
13.09
18.45
25.63
25.1
24.14
27.19
35.81
42.12
Revenue per Share
0.24
0.92
2.15
1.88
-2.88
0.72
0.92
2.43
1.32
0.02
1.13
1.7
0.67
1.79
1.53
9.77
9.5
Basic EPS, GAAP
- -
- -
-0.76
0.58
0.4
0.57
0.4
-0.88
0.25
1.1
-0.6
0.41
-0.04
3.24
0.77
5.91
6.01
Free Cash Flow per Basic Share
- -
- -
- -
0.5
0.45
0.4
0.5
0.7
1
1
0.5
0.7
0.7
0.1
1.25
1.1
0.5
Dividend per Share
1.12
1.99
4.15
5.08
1.05
0.41
0.25
0.6
-0.05
-2.02
10.15
11.16
11.12
12.81
8.78
17.46
17.96
Book Value per Share
6.7
5.35
10.21
10.26
7.07
7.06
6.82
9.47
11.66
10.52
11.13
12.17
12.11
14.31
14.94
32.78
33.29
Tangible Book Value per Share
59
59
52
52
51
51
51
51
51
51
51
51
51
51
51
51
51
Basic Weighted Avg Shares
689
1,422
2,692
905
797
774
882
927
1,037
669
943
1,309
1,282
1,233
1,389
1,826
2,153
Sales/Revenue/Turnover
7.27
5.2
5.06
1.56
2.92
3.85
2.94
2.92
7.95
4.47
8.86
6.71
3.55
9.24
7.93
5.58
5.96
Operating Margin (%)
- -
- -
32
31
25
20
19
18
23
21
21
22
19
20
22
34
45
Depreciation Expense
14
55
112
97
-148
37
47
124
67
1
58
87
34
92
78
498
486
Net Income, GAAP
21.96
21.4
22.1
12.98
- -
24.91
- -
14.49
30.75
112.46
19.36
20.79
14.25
17.1
19.44
6.68
6.31
Effective Tax Rate (%)
2.08
3.83
4.15
10.76
-18.6
4.78
5.32
13.4
6.5
0.14
6.13
6.65
2.69
7.42
5.61
27.28
22.56
Profit Margin (%)
68
86
189
401
-15
-28
-181
237
280
235
240
296
286
393
288
8
24
Working Capital
1
55
28
91
146
121
- -
- -
- -
7
11
11
11
10
9
14
15
LT Debt
399
432
641
652
477
483
468
597
611
558
587
641
638
750
780
1,688
1,718
Total Equity
9.52
11.87
15.08
1.57
- -
3.17
- -
3.7
9.42
-0.6
10.27
10
5.45
12.24
9.75
6.54
8.32
Return on Invested Capital (%)
41.83
31.3
30.3
23.34
- -
13.47
- -
73.89
98.4
6.71
18.55
13.09
5.89
9.19
8.43
42.77
41.98
Return on Capital (%)
12.98
59.34
67.16
40.74
-93.48
98.78
278.53
568.55
- -
- -
- -
15.97
6.05
14.97
14.13
74.4
69.07
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
401
201
159
LT Borrowings
23
- -
- -
LT Finance Leases
8
14
15
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
51
51
51
Market Capitalization
1,672
2,459
2,341

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,073
932
944
Cash, Cash Equivalents & STI
62
68
65
Accounts Receivable, Net
126
82
104
Inventories
809
729
741
Total Current Liabilities
1,080
923
920
Payables & Accruals
- -
- -
- -
ST Debt
401
201
159
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17%
29.32%
116.36%
Free Cash Flow
-748.94%
-1,439.23%
661.98%
Net Income, GAAP
670.08%
136.04%
539.41%
Sales/Revenue/Turnover
11.33%
15.4%
31.49%
Total Cash Common Dividend
- -
218.39%
-12.15%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
328
380
320
362
1,389
2025
403
407
425
595
1,826
2026
727
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.37
0.48
0.49
- -
1.53
2025
0.78
0.7
7.97
- -
9.77
2026
0.54
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.25
2025
- -
- -
- -
- -
1.1
2026
- -
- -
- -
- -
- -
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Business
Mennica Polska S.A. (WSE: MNC) operates as a diversified mint and financial services provider, specializing in the production and distribution of coins, numismatic products, and engraved items; electronic payment systems; and real estate development in Poland and internationally. Founded in 1766 and headquartered at ul. Ciasna 6 in Warsaw, Poland, the company manufactures circulation and collector coins for the National Bank of Poland, commemorative medals, official and heraldic seals, high-quality insignia, gold and silver bullion bars as the sole producer of investment gold in Poland, precious metal powders for electronics and polychromy, gold/platinum paints for glass/porcelain decoration, half-finished jewelry products, and laboratory equipment; it also provides security services, IT maintenance, industrial waste utilization, urban transport ticketing via municipal card systems in major cities including Warsaw, Wrocław, Lublin, Bydgoszcz, and Łódź, parking payments, prepaid cards, and real estate leasing alongside development projects such as the Bulwary Praskie investment and a 27-hectare plot in Warsaw's Żerań. The company conducts its operations through three main segments: Mint Products, Electronic Payments, and Real Estate Development, serving foreign central banks, collectors, investors, local governments, corporations, and private individuals primarily in Poland with exports of mint products globally. Subsidiaries include Mennica Invest Sp. z o.o., Mennica Ochrona Sp. z o.o., Mennica-Metale Szlachetne SA, and Skarbiec Mennicy Polskiej SA. Recent developments include strong financial performance with Q1 2025 sales revenue of PLN 402.9 million (up 23% year-over-year), net profit of PLN 39.2 million, and EBITDA of PLN 44 million driven by mint and electronic payments growth alongside real estate construction; acquisition of control over the Mennica Legacy Tower office complex (rebranded Mennica Towers) in September 2025 via a share takeover settling EUR 135 million in liabilities; and ongoing expansion in real estate with preliminary sales for Bulwary Praskie.