Knowledge base
Articles and guides
KRS data analyses, industry rankings and guides on companies, share capital and financial statements - backed by real examples.
News
Murapol 2026: PLN 4.90 per share dividend (yield ~11.9%) - the highest in the WSE developer sector, net profit PLN 236 m, gross margin 36.5% (+4 pp), 2,856 apartments sold
Bielsko-Biała Murapol S.A. (KRS 0000275523), a residential developer with property portfolio in 8+ Polish cities, posted 2025 net profit of PLN 236 m (-2.5% YoY), revenue PLN 1.26 bn (-5.2%) and gross sales margin of 36.5% (vs 32.4%, +4 pp). Operating cash flow jumped to PLN 311 m (vs PLN 100 m, ~3×). Net sales: 2,856 apartments (-2%), handed over 2,650 (-9%). In 2026 expected handovers ~3,000 units; Q1 2026 sales of 735 apartments (+4% YoY). Dividend for 2025 totals PLN 4.90 per share (December 2025 advance PLN 2.94 + second tranche PLN 1.97), yield ~11.9% - the highest in the WSE developer sector.
May 1, 2026
Ranking
Olsztyn's most profitable companies in 2026: PLN ~130 m of top-10 profit, agri-trade and local distribution cluster
Olsztyn's top 10 most profitable companies in 2026 generated around PLN 130 m in net profit combined. Leaders: GNP Magnusson (medical equipment), Agro Sznajder (grain trading), Adrenaline.pl (sports e-commerce), Animal Pharma (veterinary), MAG Dystrybucja (FMCG). Three of the top 10 are agri-trade companies - a signal that Olsztyn remains a regional capital of Polish agricultural distribution.
May 1, 2026
News
Onde 2026: revenue PLN 864 m (+7.5% YoY), gross margin +1.4 pp, sale of the Serby PV farm (112 MW) to Energa Green Development - backlog PLN 689 m (+36% YoY)
Toruń-based Onde S.A. (KRS 0000028071), a wind- and PV-farm contractor with 5+ GW portfolio (450+ completed projects) and the listed daughter of the Erbud Group, posted 2025 revenue of PLN 864.1 m (+7.5% YoY) and gross margin of 12.7% (+1.4 pp). EBIT PLN 37.6 m (-18%), EBITDA PLN 53.2 m (-5%), net profit PLN 18.9 m (-37%) - mainly the effect of higher financing costs and a higher effective tax rate. Project backlog: PLN 689 m (+36% YoY). Key 2025 transaction: sale of the 112 MW Serby PV farm to Energa Green Development with GC contracts worth around PLN 240 m. Own Lewałd PV farm operating since March 2025. Renewables development portfolio: 2 GW.
May 1, 2026
News
PIIB 2026 report: 60% of Polish construction engineers see pay as too low - workforce crisis in a PLN 400 bn sector
The Polish Chamber of Construction Engineers (PIIB) has published a diagnostic report on the future of technical staff in Poland. 60% of engineers consider their pay too low; average net pay PLN 10,684; gender pay gap 26%. Meanwhile the construction market in 2026 is valued at >PLN 400 bn.
May 1, 2026
Explainer
Polenergia in 2026: Poland's largest private energy holding, controlled by Dominika Kulczyk, photovoltaics and offshore wind, an mWIG40 issuer at Krucza 24/26
Polenergia S.A. (KRS 0000026545), headquartered at ul. Krucza 24/26 in Warsaw, is Poland's largest private energy group, in contrast to the four state-owned groups (PGE, Tauron, Energa, Enea). Controlled by Dominika Kulczyk through the Mansa Investments vehicle. Focus on renewable energy sources: onshore and offshore wind farms (Baltic II joint venture with PGE), photovoltaic installations, distributed energy. Listed on the WSE since 2014. A three-member management board, an eight-member supervisory board.
May 1, 2026
Explainer
Rainbow Tours in 2026: Poland's number-two tour operator, headquartered on Łódź's Piotrkowska street, an mWIG40 issuer after the post-pandemic tourism boom
Rainbow Tours S.A. (KRS 0000178650), headquartered at ul. Piotrkowska 270 in Łódź, is Poland's number-two tour operator (after privately held Itaka), operating under the Rainbow (charter package), Bee&Free (online travel), and Aero Tour brands. Founded in 1990 by Grzegorz Baszczyński, listed on the WSE since 2007, the company is an mWIG40 constituent. A four-member management board, a seven-member supervisory board.
May 1, 2026
Explainer
Ryvu Therapeutics in 2026: a Kraków oncology biotech, RVU120 in Phase II clinical trials, a six-member management board, an mWIG40 issuer after the Selvita spin-off
Ryvu Therapeutics S.A. (KRS 0000367359), headquartered at ul. Leona Henryka Sternbacha 2 in Kraków, is a Polish oncology biotech developing anti-cancer small-molecule drugs. The company was created in 2019 by spin-off from Selvita (which remained the parent in the R&D-services segment). Flagship project: RVU120 - a CDK8/19 kinase inhibitor in Phase II trials for multiple oncological indications. Listed on the WSE since 2019, an mWIG40 constituent. A six-member management board, a seven-member supervisory board.
May 1, 2026
Explainer
Stalprodukt in 2026: a niche producer of grain-oriented electrical steel and a zinc smelter, an mWIG40 issuer from Bochnia with a two-member management board
Stalprodukt S.A. (KRS 0000055209), headquartered at ul. Wygoda 69 in Bochnia, is a Polish specialty-steel producer. It specialises in the production of thin sheets of **grain-oriented electrical steel** - a key material for power-transformer manufacturing. The company also controls Bolesław Mining and Smelting Works (zinc smelting). Listed on the WSE since 1997, an mWIG40 constituent. A two-member management board, a five-member supervisory board.
May 1, 2026
Explainer
Ten Square Games in 2026: Wrocław leader of Polish mobile gaming, Fishing Clash and Hunting Clash, an mWIG40 issuer at the same address as Develia
Ten Square Games S.A. (KRS 0000704863), headquartered at ul. Gen. Romualda Traugutta 45 in Wrocław (the same address as Develia), is the Wrocław leader of Polish mobile gaming, the creator of free-to-play games with microtransactions: Fishing Clash (fishing), Hunting Clash (hunting), Wild Hunt. Founded in 2011 by Maciej Popowicz (previously creator of the nasza-klasa.pl portal), listed on the WSE since 2018. A three-member management board, a six-member supervisory board.
May 1, 2026
Explainer
Voxel in 2026: a Kraków operator of medical-imaging centres and radiopharmaceuticals, an mWIG40 issuer with a two-member management board
Voxel S.A. (KRS 0000238176), headquartered at ul. Wielicka 265 in Kraków, is a Polish operator of medical-imaging centre networks (MRI, CT, X-ray, ultrasound, mammography) and a radiopharmaceutical producer. The company was founded in 2005, listed on the WSE since 2011. It operates under the Voxel-Diagnostic brand at several dozen locations across Poland. A two-member management board, a five-member supervisory board.
May 1, 2026
Explainer
VRG (formerly Vistula Group) in 2026: a Kraków fashion-and-jewellery holding, brands Vistula, Wólczanka, Bytom, Deni Cler and W.KRUK under one ticker
VRG S.A. (KRS 0000047082), headquartered at ul. Pilotów 10 in Kraków, is a Polish fashion-and-jewellery holding previously trading as Vistula Group (renamed in 2017). It operates five main brands: men's Vistula, Wólczanka, Bytom; women's Deni Cler; and jewellery W.KRUK. Listed on the WSE since the first half of the 1990s - one of Poland's longest-listed issuers. A three-member management board, a five-member supervisory board.
May 1, 2026
Explainer
Wirtualna Polska Holding in 2026: one of three largest Polish portals, multi-brand WP / Money / Wakacje, an mWIG40 issuer at Żwirki i Wigury
Wirtualna Polska Holding S.A. (KRS 0000407130), headquartered at ul. Żwirki i Wigury 16 in Warsaw, is one of the three largest Polish internet portals (alongside Onet and Interia), plus the operator of a portfolio of vertical sites: WP.pl, o2.pl, Money.pl, Wakacje.pl, nocowanie.pl, dobreprogramy.pl. Listed on the WSE since 2015, the company is an mWIG40 constituent. A four-member management board, a six-member supervisory board.
May 1, 2026
