EDL EDITEL NewConnect · annual · publ. May 27, 2026

FY 2025 report

Mała, wysoko rentowna spółka technologiczna (EDI/e-fakturowanie) z NewConnect, kontrolowana przez austriacką grupę EDITEL (90,2% akcji) – przychody 8,82 mln zł w 2025 r. (+10,32% r/r), z wyraźnym przyspieszeniem w IV kwartale (+23,08% r/r)

Sentiment

Positive No guidance change

Website

EDL FY 2025 report

Revenue

8.82 m PLN

— YoY

Net income

1.12 m PLN

— YoY

EBITDA

1.18 m PLN

— YoY

FCF

0.42 m PLN

— YoY

Summary

Investment thesis

Rentowność sprzedaży (ROS) wzrosła z 7,38% do 10,59%, EBIT +11,73% r/r – poprawa wynika z powrotu klientów do projektów wdrożeniowych po okresie niepewności regulacyjnej wokół obowiązkowego KSeF
Bilans praktycznie bezdłużny (dług finansowy ok. 32 tys. zł vs 3,61 mln zł gotówki, pozycja net cash ok. -3,58 mln zł) i bardzo płynny (current ratio ok. 7,7x)
Efektywna stopa podatkowa w 2025 r. była ujemna (-13,6%) – wynik netto (1,115 mln zł) przewyższył wynik brutto (982 tys. zł) dzięki rozpoznaniu aktywa z tytułu odroczonego podatku dochodowego; element mało powtarzalny, wart wyjaśnienia
Zarząd proponuje wypłatę 100% zysku netto za 2025 r. jako dywidendę (1,115 mln zł) – kontynuacja polityki niemal pełnej dystrybucji zysku z roku poprzedniego

Read the full analysis

Financial data is open to everyone. The full analysis — management verdict, commentary, risks, and the full narrative — is available after you sign up or log in.

Financials

BETA

FY 2025

EDL · FY 2025

Metric	FY 2025	FY 2024	Δ YoY	Value type	Segment	Conf.

Revenue	8.82	—	—	reported	—	1.00
EBITDA	1.18	—	—	derived	—	0.90
EBIT	0.9	—	—	reported	—	1.00
EBT	0.98	—	—	reported	—	1.00
Net income	1.12	—	—	reported	—	1.00
EPS (basic) (PLN)	0.38	—	—	derived	—	0.90
D&A	0.28	—	—	reported	—	1.00
Interest expense	0.01	—	—	reported	—	1.00
Shares (basic) (m units)	2.95	—	—	reported	—	1.00

EBITDA margin	13.38%	—	—	reported	—	0.85
EBIT margin	10.15%	—	—	reported	—	0.90
EBT margin	11.13%	—	—	reported	—	0.90
Net margin	12.65%	—	—	reported	—	0.90
D&A margin	3.23%	—	—	reported	—	0.90

Cash	3.61	—	—	reported	—	1.00
Total debt	0.03	—	—	derived	—	0.85
Net debt	-3.58	—	—	derived	—	0.85
Equity	6.5	—	—	reported	—	1.00
Total assets	7.55	—	—	reported	—	1.00
Working capital	4.26	—	—	reported	—	0.90
Current assets	4.89	—	—	reported	—	1.00
Current liabilities	0.63	—	—	reported	—	1.00

CFO	1.22	—	—	reported	—	1.00
CapEx	0.8	—	—	reported	—	1.00
FCF	0.42	—	—	reported	—	0.90
FCF conversion	35.63%	—	—	reported	—	0.80
CFO conversion	103.68%	—	—	reported	—	0.85
Dividends paid	1.29	—	—	reported	—	1.00
Buybacks	0	—	—	reported	—	1.00

ROE	16.91%	—	—	reported	—	0.85
ROA	14.78%	—	—	reported	—	0.85
ROIC	24.8%	—	—	reported	—	0.65
ROCE	12.93%	—	—	reported	—	0.85

Current ratio	7.71x	—	—	reported	—	0.90
Quick ratio	7.7x	—	—	reported	—	0.85
Cash ratio	5.69x	—	—	reported	—	0.90
Interest coverage	83.1x	—	—	reported	—	0.85

Debt / equity	0x	—	—	reported	—	0.85
Debt / assets	0x	—	—	reported	—	0.85
Net debt / equity	-0.55x	—	—	reported	—	0.85

Revenue growth (YoY)	10.32%	—	—	reported	—	0.95
EBITDA growth (YoY)	8.79%	—	—	reported	—	0.85
EBIT growth (YoY)	11.73%	—	—	reported	—	0.90
Net income growth (YoY)	10.37%	—	—	reported	—	0.90
EPS growth (YoY)	10.37%	—	—	reported	—	0.85
FCF growth (YoY)	-63.6%	—	—	reported	—	0.85
EBITDA margin Δ (YoY)	-0.19 pp	—	—	reported	—	0.80
EBIT margin Δ (YoY)	0.13 pp	—	—	reported	—	0.85
Net margin Δ (YoY)	0.01 pp	—	—	reported	—	0.85

FY 2025 · Δ YoY

Revenue

8.82 —

FY 2024: —

EBITDA

1.18 —

FY 2024: —

EBIT

0.9 —

FY 2024: —

EBT

0.98 —

FY 2024: —

Net income

1.12 —

FY 2024: —

EPS (basic) (PLN)

0.38 —

FY 2024: —

D&A

0.28 —

FY 2024: —

Interest expense

0.01 —

FY 2024: —

Shares (basic) (m units)

2.95 —

FY 2024: —

EBITDA margin

13.38% —

FY 2024: —

EBIT margin

10.15% —

FY 2024: —

EBT margin

11.13% —

FY 2024: —

Net margin

12.65% —

FY 2024: —

D&A margin

3.23% —

FY 2024: —

Cash

3.61 —

FY 2024: —

Total debt

0.03 —

FY 2024: —

Net debt

-3.58 —

FY 2024: —

Equity

6.5 —

FY 2024: —

Total assets

7.55 —

FY 2024: —

Working capital

4.26 —

FY 2024: —

Current assets

4.89 —

FY 2024: —

Current liabilities

0.63 —

FY 2024: —

CFO

1.22 —

FY 2024: —

CapEx

0.8 —

FY 2024: —

FCF

0.42 —

FY 2024: —

FCF conversion

35.63% —

FY 2024: —

CFO conversion

103.68% —

FY 2024: —

Dividends paid

1.29 —

FY 2024: —

Buybacks

0 —

FY 2024: —

ROE

16.91% —

FY 2024: —

ROA

14.78% —

FY 2024: —

ROIC

24.8% —

FY 2024: —

ROCE

12.93% —

FY 2024: —

Current ratio

7.71x —

FY 2024: —

Quick ratio

7.7x —

FY 2024: —

Cash ratio

5.69x —

FY 2024: —

Interest coverage

83.1x —

FY 2024: —

Debt / equity

0x —

FY 2024: —

Debt / assets

0x —

FY 2024: —

Net debt / equity

-0.55x —

FY 2024: —

Revenue growth (YoY)

10.32% —

FY 2024: —

EBITDA growth (YoY)

8.79% —

FY 2024: —

EBIT growth (YoY)

11.73% —

FY 2024: —

Net income growth (YoY)

10.37% —

FY 2024: —

EPS growth (YoY)

10.37% —

FY 2024: —

FCF growth (YoY)

-63.6% —

FY 2024: —

EBITDA margin Δ (YoY)

-0.19 pp —

FY 2024: —

EBIT margin Δ (YoY)

0.13 pp —

FY 2024: —

Net margin Δ (YoY)

0.01 pp —

FY 2024: —