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KRS data analyses, industry rankings and guides on companies, share capital and financial statements - backed by real examples.
News
Murapol 2026: a PLN 4.90 per-share dividend (~11.9% yield) – the highest among WSE developers, net profit of PLN 236m
Bielsko-Biała-based Murapol S.A. (KRS 0000275523), a residential developer with projects in more than 8 Polish cities, posted 2025 net profit of PLN 236m (-2.5% YoY), revenue of PLN 1.26bn (-5.2%) and a gross sales margin of 36.5% (vs 32.4%, +4 pp). Operating cash flow jumped to PLN 311m (vs PLN 100m, roughly threefold). Net sales: 2,856 apartments (-2%), with 2,650 units handed over (-9%). For 2026 the company expects around 3,000 handovers; Q1 2026 sales reached 735 apartments (+4% YoY). The dividend for 2025 totals PLN 4.90 per share (a PLN 2.94 advance in December 2025 plus a PLN 1.97 tranche), for a yield of ~11.9% – the highest in the WSE developer sector.
May 2, 2026 · updated July 27, 2026
Ranking
Olsztyn's most profitable companies in 2026: around PLN 130m of top-10 profit, an agri-trade and local-distribution cluster
Olsztyn's top 10 most profitable companies generated around PLN 130m of combined net profit in 2026. The leaders: GNP Magnusson (medical equipment), Agro Sznajder (grain trading), Adrenaline.pl (sports e-commerce), Animal Pharma (veterinary) and 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 2, 2026 · updated July 27, 2026
News
Onde 2026: revenue of PLN 864m (+7.5% YoY), backlog of PLN 689m (+36% YoY), Serby PV farm (112 MW) sold to Energa Green Development
Toruń-based Onde S.A. (KRS 0000028071), a wind- and PV-farm contractor with a 5+ GW track record (450+ completed projects) and the listed subsidiary of the Erbud Group, posted 2025 revenue of PLN 864.1m (+7.5% YoY) and a gross margin of 12.7% (+1.4 pp). EBIT PLN 37.6m (-18%), EBITDA PLN 53.2m (-5%), net profit PLN 18.9m (-37%) – mainly the effect of higher financing costs and a higher effective tax rate. Project backlog: PLN 689m (+36% YoY). Key 2025 transaction: the sale of the 112 MW Serby PV farm to Energa Green Development, with general-contracting contracts worth around PLN 240m retained. The company's own Lewałd PV farm has been operating since March 2025. Renewables development portfolio: 2 GW.
May 2, 2026 · updated July 27, 2026
News
PIIB 2026 report: 60% of Polish construction engineers say pay is too low – workforce risk in a PLN 400bn sector
The Polish Chamber of Construction Engineers (PIIB) has published a diagnostic report on the future of the profession. 60% of engineers consider their pay too low; average net pay is PLN 10,684; the gender pay gap stands at 26%. Poland's construction market in 2026 is worth over PLN 400bn.
May 2, 2026 · updated July 27, 2026
Explainer
Polenergia in 2026: Poland's largest private energy group – controlled by Dominika Kulczyk, renewables and offshore wind, an mWIG40 company 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). It is controlled by Dominika Kulczyk through the Mansa Investments vehicle and focuses on renewables: onshore and offshore wind (the Baltic II joint venture with PGE), photovoltaics and distributed energy. In 2025 the group posted PLN 4.23bn in revenue and a PLN 124.6m net loss. Listed on the WSE since 2014.
May 2, 2026 · updated July 27, 2026
Explainer
Rainbow Tours in 2026: Poland's number-two tour operator – headquartered on Łódź's Piotrkowska, an mWIG40 company after the 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 packages), Bee&Free (online travel) and Aero Tour brands. In 2025 the group posted PLN 4.56bn in revenue (+12% YoY) and PLN 259.2m in net profit. Founded in 1990 by Grzegorz Baszczyński and listed on the WSE since 2007, the company is an mWIG40 constituent.
May 2, 2026 · updated July 27, 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. It has operated as a stand-alone company since the 2019 spin-off from Selvita (which retained the R&D-services business). Flagship project: RVU120 – a CDK8/19 kinase inhibitor in Phase II trials across multiple oncological indications. Listed on the WSE since 2019 and an mWIG40 constituent, with a six-member management board and a seven-member supervisory board.
May 2, 2026 · updated July 27, 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 thin sheets of grain-oriented electrical steel – a key material for power-transformer manufacturing. The company also controls the Bolesław Mining and Smelting Works (zinc smelting). Its 2025 financial statements show revenue of roughly PLN 3.74bn and a net loss of about PLN 50.7 million. Listed on the WSE since 1997 and an mWIG40 constituent, with a two-member management board and a five-member supervisory board.
May 2, 2026 · updated July 27, 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-based leader of Polish mobile gaming and the creator of free-to-play games monetised through microtransactions: Fishing Clash (fishing), Hunting Clash (hunting), Wild Hunt. In 2025 the group posted revenue of roughly PLN 361.9 million and net profit of PLN 77 million (up 15% YoY). Founded in 2011 by Maciej Popowicz (previously the creator of the nasza-klasa.pl portal), listed on the WSE since 2018, with a three-member management board and a six-member supervisory board.
May 2, 2026 · updated July 27, 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 a medical-imaging centre network (MRI, CT, X-ray, ultrasound, mammography) and a radiopharmaceutical producer. Founded in 2005 and listed on the WSE since 2011, it operates under the Voxel-Diagnostic brand at several dozen locations across Poland. According to its 2025 financial statements, revenue reached PLN 583.8 million (up 15% year on year) with net profit of PLN 98.5 million. A two-member management board, a five-member supervisory board.
May 2, 2026 · updated July 27, 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 that previously traded as Vistula Group (renamed in 2017). It operates five main brands: menswear labels Vistula, Wólczanka, and Bytom; womenswear brand Deni Cler; and jeweller W.KRUK. According to its 2025 financial statements, revenue reached PLN 1.50 billion (up 9% year on year) with net profit of PLN 98.2 million. Listed on the WSE since 1993 – one of Poland's longest-listed issuers. A three-member management board, a five-member supervisory board.
May 2, 2026 · updated July 27, 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) and the operator of a portfolio of vertical sites: WP.pl, o2.pl, Money.pl, Wakacje.pl, Nocowanie.pl, Dobreprogramy.pl. According to its 2025 financial statements, revenue rose to PLN 2.21 billion (up 41% year on year) with a net loss of PLN 34.1 million. Listed on the WSE since 2015, the company is an mWIG40 constituent. A four-member management board, a six-member supervisory board.
May 2, 2026 · updated July 27, 2026
