FY 2025 report
Pre-profitabilna spółka w fazie przejścia z R&D do komercjalizacji: po 5 latach budowania łańcucha wartości Q4 2025 przyniósł pierwsze realne przebicia komercyjne.
Sentiment
Positive
No guidance change
KMB
FY 2025 report
Revenue
5,391,111
— YoY
Net income
-2,090,628
— YoY
EBITDA
-1,163,968
— YoY
ROE
-0.28
— YoY
Summary
Investment thesis
- Strategia pełnej integracji pionowej (hemp → przędza → tkaniny → odzież) tworzy unikalną pozycję rynkową trudną do skopiowania przez importerów z Azji.
- Debiut na NewConnect (01.04.2026) zwiększa transparentność i otwiera dostęp do rynku kapitałowego — potencjalnie umożliwia emisję akcji na pokrycie potrzeb finansowych.
- Kluczowa zmienna: czy +39% wzrost przychodów w 2025 to trwały trend prowadzący do OCF breakeven w 2026.
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Financials
BETA
KMB · FY 2025
| Metric | FY 2025 | FY 2024 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|
| Revenue | 5,391,111 | — | — | reported | — | 0.00 |
| EBITDA | -1,163,968 | — | — | derived | — | 0.00 |
| EBIT | -1,727,432 | — | — | reported | — | 0.00 |
| Net income | -2,090,628 | — | — | reported | — | 0.00 |
| Interest expense | 366,709 | — | — | reported | — | 0.00 |
| EBITDA margin | -0.22 | — | — | derived | — | 0.00 |
| EBIT margin | -0.32 | — | — | derived | — | 0.00 |
| Net margin | -0.39 | — | — | derived | — | 0.00 |
| Total debt | 4,275,627 | — | — | reported | — | 0.00 |
| Net debt | 3,124,995 | — | — | derived | — | 0.00 |
| Total assets | 11,321,277 | — | — | reported | — | 0.00 |
| Current assets | 4,089,567 | — | — | reported | — | 0.00 |
| CapEx | -188,141 | — | — | reported | — | 0.00 |
| ROE | -0.28 | — | — | derived | — | 0.00 |
| ROA | -0.17 | — | — | derived | — | 0.00 |
| ROCE | -0.16 | — | — | derived | — | 0.00 |
| Current ratio | 9.07 | — | — | derived | — | 0.00 |
| Quick ratio | 3.14 | — | — | derived | — | 0.00 |
| Cash ratio | 2.55 | — | — | derived | — | 0.00 |
| Interest coverage | -4.71 | — | — | derived | — | 0.00 |
| Revenue growth (YoY) | 0.39 | — | — | derived | — | 0.00 |
| EBITDA growth (YoY) | 0.6 | — | — | derived | — | 0.00 |
| EBIT growth (YoY) | 0.49 | — | — | derived | — | 0.00 |
| Net income growth (YoY) | 0.46 | — | — | derived | — | 0.00 |
FY 2025 · Δ YoY
Revenue
5,391,111
—
5,391,111
—
- FY 2024
- —
EBITDA
-1,163,968
—
-1,163,968
—
- FY 2024
- —
EBIT
-1,727,432
—
-1,727,432
—
- FY 2024
- —
Net income
-2,090,628
—
-2,090,628
—
- FY 2024
- —
Interest expense
366,709
—
366,709
—
- FY 2024
- —
EBITDA margin
-0.22
—
-0.22
—
- FY 2024
- —
EBIT margin
-0.32
—
-0.32
—
- FY 2024
- —
Net margin
-0.39
—
-0.39
—
- FY 2024
- —
Total debt
4,275,627
—
4,275,627
—
- FY 2024
- —
Net debt
3,124,995
—
3,124,995
—
- FY 2024
- —
Total assets
11,321,277
—
11,321,277
—
- FY 2024
- —
Current assets
4,089,567
—
4,089,567
—
- FY 2024
- —
CapEx
-188,141
—
-188,141
—
- FY 2024
- —
ROE
-0.28
—
-0.28
—
- FY 2024
- —
ROA
-0.17
—
-0.17
—
- FY 2024
- —
ROCE
-0.16
—
-0.16
—
- FY 2024
- —
Current ratio
9.07
—
9.07
—
- FY 2024
- —
Quick ratio
3.14
—
3.14
—
- FY 2024
- —
Cash ratio
2.55
—
2.55
—
- FY 2024
- —
Interest coverage
-4.71
—
-4.71
—
- FY 2024
- —
Revenue growth (YoY)
0.39
—
0.39
—
- FY 2024
- —
EBITDA growth (YoY)
0.6
—
0.6
—
- FY 2024
- —
EBIT growth (YoY)
0.49
—
0.49
—
- FY 2024
- —
Net income growth (YoY)
0.46
—
0.46
—
- FY 2024
- —