ASR
Q1 2026 report
Revenue
14.2 k PLN
— YoY
Net income
-189.07 k PLN
— YoY
EBITDA
-40.52 k PLN
— YoY
Gross margin
100%
— YoY
Summary
Investment thesis
- Strata netto zmniejszyła się r/r (-189,1 tys. zł wobec -368,6 tys. zł), ale wyłącznie dzięki cięciu kosztów ogólnego zarządu o 47%, nie dzięki odbudowie przychodów, które spadły o 77%.
- Płynność jest poważnym punktem ryzyka: current ratio ≈0,34x, gotówka na koniec kwartału to 18,4 tys. zł wobec 7,87 mln zł zobowiązań krótkoterminowych.
- Całość dawnego zadłużenia długoterminowego (1,94 mln zł) przeszła do zobowiązań krótkoterminowych — sygnał zbliżającego się terminu spłaty przy napiętej płynności.
- Skoncentrowany akcjonariat (Ryszard Krajewski + RK Productions sp. z o.o. razem >70% głosów) niesie ryzyko transakcji z podmiotami powiązanymi nieujawnionych w tym wyciągu raportu.
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Financials
BETA
ASR · Q1 2026
| Metric | Q1 2026 | Q1 2025 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|
| Revenue | 14.2 | — | — | reported | — | 1.00 |
| Gross profit | 14.2 | — | — | reported | — | 1.00 |
| EBITDA | -40.52 | — | — | reported | — | 0.90 |
| EBIT | -124.83 | — | — | reported | — | 1.00 |
| EBT | -189.07 | — | — | reported | — | 1.00 |
| Net income | -189.07 | — | — | reported | — | 1.00 |
| D&A | 84.31 | — | — | reported | — | 1.00 |
| Interest expense | 64.24 | — | — | reported | — | 1.00 |
| Gross margin | 100% | — | — | reported | — | 0.50 |
| EBITDA margin | -285.26% | — | — | reported | — | 0.30 |
| EBIT margin | -878.81% | — | — | reported | — | 0.30 |
| Net margin | -1331.03% | — | — | reported | — | 0.30 |
| Cash | 18.39 | — | — | reported | — | 1.00 |
| Equity | 2,974.43 | — | — | reported | — | 1.00 |
| Total assets | 10,924.58 | — | — | reported | — | 1.00 |
| Working capital | -5,187.42 | — | — | reported | — | 1.00 |
| Current assets | 2,686.02 | — | — | reported | — | 1.00 |
| Current liabilities | 7,873.45 | — | — | reported | — | 1.00 |
| CFO | 281.27 | — | — | reported | — | 1.00 |
| CapEx | 0 | — | — | reported | — | 1.00 |
| FCF | 281.27 | — | — | reported | — | 0.90 |
| Current ratio | 0.34x | — | — | reported | — | 1.00 |
| Cash ratio | 0x | — | — | reported | — | 1.00 |
| Interest coverage | -1.94x | — | — | reported | — | 0.90 |
| Revenue growth (YoY) | -76.98% | — | — | reported | — | 1.00 |
| EBIT growth (YoY) | 64.24% | — | — | reported | — | 1.00 |
| Net income growth (YoY) | 48.71% | — | — | reported | — | 1.00 |
Q1 2026 · Δ YoY
Revenue
14.2
—
14.2
—
- Q1 2025
- —
Gross profit
14.2
—
14.2
—
- Q1 2025
- —
EBITDA
-40.52
—
-40.52
—
- Q1 2025
- —
EBIT
-124.83
—
-124.83
—
- Q1 2025
- —
EBT
-189.07
—
-189.07
—
- Q1 2025
- —
Net income
-189.07
—
-189.07
—
- Q1 2025
- —
D&A
84.31
—
84.31
—
- Q1 2025
- —
Interest expense
64.24
—
64.24
—
- Q1 2025
- —
Gross margin
100%
—
100%
—
- Q1 2025
- —
EBITDA margin
-285.26%
—
-285.26%
—
- Q1 2025
- —
EBIT margin
-878.81%
—
-878.81%
—
- Q1 2025
- —
Net margin
-1331.03%
—
-1331.03%
—
- Q1 2025
- —
Cash
18.39
—
18.39
—
- Q1 2025
- —
Equity
2,974.43
—
2,974.43
—
- Q1 2025
- —
Total assets
10,924.58
—
10,924.58
—
- Q1 2025
- —
Working capital
-5,187.42
—
-5,187.42
—
- Q1 2025
- —
Current assets
2,686.02
—
2,686.02
—
- Q1 2025
- —
Current liabilities
7,873.45
—
7,873.45
—
- Q1 2025
- —
CFO
281.27
—
281.27
—
- Q1 2025
- —
CapEx
0
—
0
—
- Q1 2025
- —
FCF
281.27
—
281.27
—
- Q1 2025
- —
Current ratio
0.34x
—
0.34x
—
- Q1 2025
- —
Cash ratio
0x
—
0x
—
- Q1 2025
- —
Interest coverage
-1.94x
—
-1.94x
—
- Q1 2025
- —
Revenue growth (YoY)
-76.98%
—
-76.98%
—
- Q1 2025
- —
EBIT growth (YoY)
64.24%
—
64.24%
—
- Q1 2025
- —
Net income growth (YoY)
48.71%
—
48.71%
—
- Q1 2025
- —