Tax-Net S.A. (WSE:TXN)

Poland · Delayed Price · Currency is PLN

1.590

+0.090 (6.00%)

At close: Jul 24, 2026

Tax-Net Financials Overview

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	15.38	14.97	13.57	12.19	10.93	9.76
Revenue Growth	10.94%	10.25%	11.38%	11.54%	11.96%	-1.60%
Gross Profit	5.36	5.11	4.9	4.71	4.39	3.71
Operating Income	0.19	0.04	0.21	0.53	0.96	-0.66
Net Income	0.08	-0.03	0.16	0.45	0.72	-0.6
Earnings Per Share	0.03	-0.01	0.07	0.19	0.31	-0.26
EPS Growth	13.50%	-	-64.98%	-37.12%	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Poland	14.97	13.57	12.18
Intra-EU	-	0	0
Total	14.97	13.57	12.18

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	1.07	1	0.99	2.1	1.06	0.72
Total Debt	0	0	0	0	0	0.43
Net Cash (Debt)	1.07	1	0.99	2.1	1.06	0.29
Net Cash Growth	36.97%	1.06%	-52.67%	98.22%	261.47%	-
Net Cash Per Share	0.45	0.43	0.42	0.89	0.45	0.12

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	0.35	0.09	0.38	0.48	0.84	0.47
Free Cash Flow	0.35	0.09	0.38	0.48	0.84	0.47
Free Cash Flow Growth	101.42%	-76.27%	-20.61%	-42.89%	78.21%	-19.06%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Gross Margin	34.82%	34.13%	36.13%	38.68%	40.21%	37.98%
Operating Margin	1.25%	0.28%	1.54%	4.35%	8.82%	-6.76%
Pretax Margin	1.04%	0.07%	1.66%	5.00%	8.39%	-7.13%
Profit Margin	0.50%	-0.20%	1.17%	3.73%	6.62%	-6.16%
FCF Margin	2.24%	0.60%	2.79%	3.92%	7.65%	4.81%

Dividends

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	-	0.620	0.200
Dividend Per Share Growth	-	210.00%	-
Dividend Yield	-23.48%	-5.13%	0.00%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 26, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	48.07	-	38.87	20.11	9.73	-
P/FCF Ratio	11.02	55.76	16.33	19.15	8.41	12.99
PS Ratio	0.24	0.34	0.46	0.75	0.64	0.62