FY 2025 report
Spolka faktycznie nie prowadzi dzialalnosci operacyjnej - to wehikul korporacyjny po nieudanym projekcie wejscia w AI/edukacje
Sentiment
Cautious
No guidance change
ARI
FY 2025 report
Revenue
-5,688 PLN
— YoY
Net income
-16,879 PLN
— YoY
FCF
-86,987 PLN
— YoY
CFO
-86,987 PLN
— YoY
Summary
Investment thesis
- Krytycznie niska plynnosc (3,8 tys. zl gotowki) przy ujemnym OCF wymaga natychmiastowego zewnetrznego finansowania
- Biegly rewident wskazal istotna niepewnosc co do kontynuacji dzialalnosci, choc opinia jest bez zastrzezen
- 95% aktywow to naleznosci 'inne' (350 tys. zl) bez opisanego tytulu prawnego w nocie - wymaga wyjasnienia
- Planowane podwyzszenie kapitalu i utrzymujace sie zaangazowanie INC S.A. (25,60% po dniu bilansowym) to jedyne realne pozytywne sygnaly
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Financials
BETA
ARI · FY 2025
| Metric | FY 2025 | FY 2024 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|
| Revenue | -5,688 | — | — | reported | — | 1.00 |
| EBIT | -14,539 | — | — | reported | — | 1.00 |
| EBT | -16,851 | — | — | reported | — | 1.00 |
| Net income | -16,879 | — | — | reported | — | 1.00 |
| Cash | 3,756 | — | — | reported | — | 1.00 |
| Total debt | 132,217 | — | — | reported | — | 0.60 |
| Net debt | 128,461 | — | — | reported | — | 0.60 |
| Equity | 212,695 | — | — | reported | — | 1.00 |
| Total assets | 383,306 | — | — | reported | — | 1.00 |
| Working capital | 234,179 | — | — | reported | — | 1.00 |
| Current assets | 381,181 | — | — | reported | — | 1.00 |
| Current liabilities | 147,002 | — | — | reported | — | 1.00 |
| CFO | -86,987 | — | — | reported | — | 1.00 |
| CapEx | 0 | — | — | reported | — | 1.00 |
| FCF | -86,987 | — | — | reported | — | 1.00 |
| Current ratio | 2.59x | — | — | reported | — | 1.00 |
| Quick ratio | 2.59x | — | — | reported | — | 1.00 |
| Cash ratio | 0.03x | — | — | reported | — | 1.00 |
| Debt / equity | 0.62x | — | — | reported | — | 0.60 |
| Revenue growth (YoY) | -103% | — | — | reported | — | 0.70 |
| Net income growth (YoY) | -103.5% | — | — | reported | — | 0.70 |
FY 2025 · Δ YoY
Revenue
-5,688
—
-5,688
—
- FY 2024
- —
EBIT
-14,539
—
-14,539
—
- FY 2024
- —
EBT
-16,851
—
-16,851
—
- FY 2024
- —
Net income
-16,879
—
-16,879
—
- FY 2024
- —
Cash
3,756
—
3,756
—
- FY 2024
- —
Total debt
132,217
—
132,217
—
- FY 2024
- —
Net debt
128,461
—
128,461
—
- FY 2024
- —
Equity
212,695
—
212,695
—
- FY 2024
- —
Total assets
383,306
—
383,306
—
- FY 2024
- —
Working capital
234,179
—
234,179
—
- FY 2024
- —
Current assets
381,181
—
381,181
—
- FY 2024
- —
Current liabilities
147,002
—
147,002
—
- FY 2024
- —
CFO
-86,987
—
-86,987
—
- FY 2024
- —
CapEx
0
—
0
—
- FY 2024
- —
FCF
-86,987
—
-86,987
—
- FY 2024
- —
Current ratio
2.59x
—
2.59x
—
- FY 2024
- —
Quick ratio
2.59x
—
2.59x
—
- FY 2024
- —
Cash ratio
0.03x
—
0.03x
—
- FY 2024
- —
Debt / equity
0.62x
—
0.62x
—
- FY 2024
- —
Revenue growth (YoY)
-103%
—
-103%
—
- FY 2024
- —
Net income growth (YoY)
-103.5%
—
-103.5%
—
- FY 2024
- —