FY 2024 report
Spółka faktycznie nie prowadzi działalności operacyjnej — zerowe przychody ze sprzedaży w 2024 r., koszty ograniczone do 4 517 zł usług obcych rocznie (koszt utrzymania bytu giełdowego).
Sentiment
Cautious
No guidance change
FLG
FY 2024 report
Revenue
0 PLN
▼
-100% YoY
—
Net income
29,679 PLN
▲
+142.3% YoY
—
EBITDA
13,744 PLN
▲
+112.4% YoY
—
Net debt / EBITDA
-0.04x
— YoY
Summary
Investment thesis
- Dodatni wynik netto (29 679 zł) nie odzwierciedla poprawy biznesu — pochodzi niemal w całości z niepieniężnych przeszacowań wartości aktywów, których nie da się uzgodnić z żadną konkretną pozycją bilansu w notach objaśniających.
- Kapitał własny pozostaje głęboko ujemny (-199 432 zł) od kilku lat, a audytor wydał opinię z paragrafem objaśniającym o istotnej niepewności co do kontynuacji działalności.
- Zaległości korporacyjne są poważne: sprawozdania finansowe za lata 2022–2024 nie zostały jeszcze zatwierdzone przez akcjonariuszy, ani nie podjęto wymaganej Kodeksem spółek handlowych uchwały o dalszym istnieniu spółki.
- Zapowiadany pivot do e-commerce i nowa strategia rozwoju są na etapie czysto deklaratywnym — bez budżetu, harmonogramu czy jakichkolwiek danych liczbowych w raporcie.
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Financials
BETA
FLG · FY 2024
| Metric | FY 2024 | FY 2023 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|
| Revenue | 0 | 42,000 | −100% | reported | — | 1.00 |
| EBITDA | 13,744 | -110,687 | +112.4% | reported | — | 0.95 |
| EBIT | 13,744 | -110,687 | +112.4% | reported | — | 1.00 |
| EBT | 29,679 | -70,173 | +142.3% | reported | — | 1.00 |
| Net income | 29,679 | -70,173 | +142.3% | reported | — | 1.00 |
| EPS (basic) | 0 | — | — | derived | — | 0.90 |
| D&A | 0 | 0 | — | reported | — | 1.00 |
| Interest expense | 65.26 | — | — | reported | — | 1.00 |
| Shares (basic) (m units) | 26.32 | 26.32 | — | reported | — | 1.00 |
| Cash | 516 | 6,506 | −92.1% | reported | — | 1.00 |
| Total debt | 0 | 700 | −100% | reported | — | 1.00 |
| Net debt | -516 | -5,806 | +91.1% | reported | — | 0.95 |
| Equity | -199,432 | -229,111 | +13% | reported | — | 1.00 |
| Total assets | 11,964 | 17,126 | −30.1% | reported | — | 1.00 |
| Working capital | -199,432 | -229,111 | +13% | reported | — | 0.95 |
| Current assets | 11,964 | 17,126 | −30.1% | reported | — | 1.00 |
| Current liabilities | 211,396 | 246,237 | −14.1% | reported | — | 1.00 |
| CFO | -5,290 | 3,306 | −260% | reported | — | 1.00 |
| CapEx | 0 | 0 | — | reported | — | 1.00 |
| FCF | -5,290 | 3,306 | −260% | reported | — | 0.95 |
| Current ratio | 0.06x | — | — | reported | — | 0.95 |
| Cash ratio | 0x | — | — | reported | — | 0.95 |
| Net debt / EBITDA | -0.04x | — | — | reported | — | 0.80 |
| Revenue growth (YoY) | -100% | -86.75% | — | reported | — | 1.00 |
| EBITDA growth (YoY) | 112.42% | 70.36% | — | reported | — | 0.90 |
| EBIT growth (YoY) | 112.42% | 70.36% | — | reported | — | 1.00 |
| Net income growth (YoY) | 142.29% | 99.52% | — | reported | — | 1.00 |
| EPS growth (YoY) | 142.31% | — | — | reported | — | 0.85 |
| FCF growth (YoY) | -260.06% | — | — | reported | — | 0.90 |
FY 2024 · Δ YoY
Revenue
0
−100%
0
−100%
- FY 2023
- 42,000
EBITDA
13,744
+112.4%
13,744
+112.4%
- FY 2023
- -110,687
EBIT
13,744
+112.4%
13,744
+112.4%
- FY 2023
- -110,687
EBT
29,679
+142.3%
29,679
+142.3%
- FY 2023
- -70,173
Net income
29,679
+142.3%
29,679
+142.3%
- FY 2023
- -70,173
EPS (basic)
0
—
0
—
- FY 2023
- —
D&A
0
—
0
—
- FY 2023
- 0
Interest expense
65.26
—
65.26
—
- FY 2023
- —
Shares (basic)
(m units)
26.32
—
26.32
—
- FY 2023
- 26.32
Cash
516
−92.1%
516
−92.1%
- FY 2023
- 6,506
Total debt
0
−100%
0
−100%
- FY 2023
- 700
Net debt
-516
+91.1%
-516
+91.1%
- FY 2023
- -5,806
Equity
-199,432
+13%
-199,432
+13%
- FY 2023
- -229,111
Total assets
11,964
−30.1%
11,964
−30.1%
- FY 2023
- 17,126
Working capital
-199,432
+13%
-199,432
+13%
- FY 2023
- -229,111
Current assets
11,964
−30.1%
11,964
−30.1%
- FY 2023
- 17,126
Current liabilities
211,396
−14.1%
211,396
−14.1%
- FY 2023
- 246,237
CFO
-5,290
−260%
-5,290
−260%
- FY 2023
- 3,306
CapEx
0
—
0
—
- FY 2023
- 0
FCF
-5,290
−260%
-5,290
−260%
- FY 2023
- 3,306
Current ratio
0.06x
—
0.06x
—
- FY 2023
- —
Cash ratio
0x
—
0x
—
- FY 2023
- —
Net debt / EBITDA
-0.04x
—
-0.04x
—
- FY 2023
- —
Revenue growth (YoY)
-100%
—
-100%
—
- FY 2023
- -86.75%
EBITDA growth (YoY)
112.42%
—
112.42%
—
- FY 2023
- 70.36%
EBIT growth (YoY)
112.42%
—
112.42%
—
- FY 2023
- 70.36%
Net income growth (YoY)
142.29%
—
142.29%
—
- FY 2023
- 99.52%
EPS growth (YoY)
142.31%
—
142.31%
—
- FY 2023
- —
FCF growth (YoY)
-260.06%
—
-260.06%
—
- FY 2023
- —