FY 2025 report
Grupa Sygnis przeszła z dużej straty netto (-11,3 mln zł w 2024) do niewielkiego zysku netto (0,40 mln zł w 2025), mimo rozpoczęcia amortyzacji wartości firmy (~2,0 mln zł rocznie) — sygnał poprawy rentowności operacyjnej.
Sentiment
Cautious
No guidance change
SYG
FY 2025 report
Revenue
11.33 m PLN
— YoY
Net income
0.4 m PLN
— YoY
EBITDA
4.68 m PLN
— YoY
CFO
-0.36 m PLN
— YoY
Summary
Investment thesis
- Wzrost przychodów o ok. 15,7% r/r (do 11,33 mln zł) połączony z redukcją kosztów operacyjnych dał dodatnią EBITDA na poziomie 4,68 mln zł.
- Spółka pozyskała kapitał (emisje akcji E1/E2 — 2,6 mln zł w 2025, a po dniu bilansowym emisja F1 — 7,8 mln zł), wzmacniając płynność i kapitały własne (29,65 mln zł).
- Goodwill (28,8 mln zł) stanowi 49,6% sumy bilansowej i jest kluczowym obszarem badania biegłego rewidenta (KAM) — koncentracja wartości w pozycji niematerialnej.
- Zysk netto został częściowo wsparty rezerwami przychodowymi (7,48 mln zł) zwiększającymi wynik o ok. 1,99 mln zł, warunkowanymi przyszłą realizacją kontraktów DAM/druk 3D — istotne ryzyko, jeśli przychody się nie zmaterializują.
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Financials
BETA
SYG · FY 2025
| Metric | FY 2025 | FY 2024 | Δ YoY | Value type | Segment | Conf. |
|---|---|---|---|---|---|---|
|
Revenue
standalone
|
9.55 | — | — | reported | standalone | 1.00 |
| Revenue | 11.33 | — | — | reported | — | 1.00 |
|
EBITDA
standalone
|
0.23 | — | — | reported | standalone | 0.90 |
| EBITDA | 4.68 | — | — | reported | — | 0.90 |
|
EBIT
standalone
|
-3.31 | — | — | reported | standalone | 1.00 |
| EBIT | 1.57 | — | — | reported | — | 1.00 |
|
EBT
standalone
|
-11 | — | — | reported | standalone | 1.00 |
| EBT | 0.94 | — | — | reported | — | 1.00 |
|
Net income
standalone
|
-11.31 | — | — | reported | standalone | 1.00 |
| Net income | 0.4 | — | — | reported | — | 1.00 |
| D&A | 3.11 | — | — | reported | — | 0.60 |
|
Interest expense
standalone
|
8.43 | — | — | reported | standalone | 0.70 |
| EBITDA margin | 41.28% | — | — | reported | — | 0.85 |
| EBIT margin | 13.86% | — | — | reported | — | 1.00 |
| EBT margin | 8.31% | — | — | reported | — | 1.00 |
| Net margin | 3.57% | — | — | reported | — | 1.00 |
|
Cash
standalone
|
1.52 | — | — | reported | standalone | 0.70 |
| Cash | 1.44 | — | — | reported | — | 1.00 |
|
Equity
standalone
|
29.51 | — | — | reported | standalone | 1.00 |
| Equity | 29.65 | — | — | reported | — | 1.00 |
|
Total assets
standalone
|
57.21 | — | — | reported | standalone | 1.00 |
| Total assets | 58.16 | — | — | reported | — | 1.00 |
| Working capital | 6.35 | — | — | reported | — | 1.00 |
|
Working capital
standalone
|
5.47 | — | — | derived | standalone | 0.60 |
|
Current assets
standalone
|
21.45 | — | — | reported | standalone | 1.00 |
| Current assets | 22.42 | — | — | reported | — | 1.00 |
|
Current liabilities
standalone
|
15.98 | — | — | reported | standalone | 0.70 |
| Current liabilities | 16.07 | — | — | reported | — | 1.00 |
|
Goodwill
standalone
|
28.84 | — | — | reported | standalone | 1.00 |
| Goodwill | 28.83 | — | — | reported | — | 1.00 |
| Tangible equity | 0.82 | — | — | reported | — | 0.90 |
|
Tangible equity
standalone
|
-5.97 | — | — | derived | standalone | 1.00 |
|
CFO
standalone
|
-1.36 | — | — | reported | standalone | 1.00 |
| CFO | -0.36 | — | — | reported | — | 1.00 |
|
Dividends paid
standalone
|
0 | — | — | reported | standalone | 1.00 |
| ROE | 1.44% | — | — | reported | — | 0.90 |
| ROA | 0.74% | — | — | reported | — | 0.90 |
| Current ratio | 1.4x | — | — | reported | — | 1.00 |
| Quick ratio | 1.16x | — | — | reported | — | 0.60 |
| Cash ratio | 0.1x | — | — | reported | — | 0.60 |
| Revenue growth (YoY) | 15.66% | — | — | reported | — | 1.00 |
| EBIT growth (YoY) | 147.8% | — | — | reported | — | 0.60 |
| Net income growth (YoY) | 103.58% | — | — | reported | — | 0.60 |
FY 2025 · Δ YoY
Revenue
standalone
9.55
—
standalone
9.55
—
- FY 2024
- —
Revenue
11.33
—
11.33
—
- FY 2024
- —
EBITDA
standalone
0.23
—
standalone
0.23
—
- FY 2024
- —
EBITDA
4.68
—
4.68
—
- FY 2024
- —
EBIT
standalone
-3.31
—
standalone
-3.31
—
- FY 2024
- —
EBIT
1.57
—
1.57
—
- FY 2024
- —
EBT
standalone
-11
—
standalone
-11
—
- FY 2024
- —
EBT
0.94
—
0.94
—
- FY 2024
- —
Net income
standalone
-11.31
—
standalone
-11.31
—
- FY 2024
- —
Net income
0.4
—
0.4
—
- FY 2024
- —
D&A
3.11
—
3.11
—
- FY 2024
- —
Interest expense
standalone
8.43
—
standalone
8.43
—
- FY 2024
- —
EBITDA margin
41.28%
—
41.28%
—
- FY 2024
- —
EBIT margin
13.86%
—
13.86%
—
- FY 2024
- —
EBT margin
8.31%
—
8.31%
—
- FY 2024
- —
Net margin
3.57%
—
3.57%
—
- FY 2024
- —
Cash
standalone
1.52
—
standalone
1.52
—
- FY 2024
- —
Cash
1.44
—
1.44
—
- FY 2024
- —
Equity
standalone
29.51
—
standalone
29.51
—
- FY 2024
- —
Equity
29.65
—
29.65
—
- FY 2024
- —
Total assets
standalone
57.21
—
standalone
57.21
—
- FY 2024
- —
Total assets
58.16
—
58.16
—
- FY 2024
- —
Working capital
6.35
—
6.35
—
- FY 2024
- —
Working capital
standalone
5.47
—
standalone
5.47
—
- FY 2024
- —
Current assets
standalone
21.45
—
standalone
21.45
—
- FY 2024
- —
Current assets
22.42
—
22.42
—
- FY 2024
- —
Current liabilities
standalone
15.98
—
standalone
15.98
—
- FY 2024
- —
Current liabilities
16.07
—
16.07
—
- FY 2024
- —
Goodwill
standalone
28.84
—
standalone
28.84
—
- FY 2024
- —
Goodwill
28.83
—
28.83
—
- FY 2024
- —
Tangible equity
0.82
—
0.82
—
- FY 2024
- —
Tangible equity
standalone
-5.97
—
standalone
-5.97
—
- FY 2024
- —
CFO
standalone
-1.36
—
standalone
-1.36
—
- FY 2024
- —
CFO
-0.36
—
-0.36
—
- FY 2024
- —
Dividends paid
standalone
0
—
standalone
0
—
- FY 2024
- —
ROE
1.44%
—
1.44%
—
- FY 2024
- —
ROA
0.74%
—
0.74%
—
- FY 2024
- —
Current ratio
1.4x
—
1.4x
—
- FY 2024
- —
Quick ratio
1.16x
—
1.16x
—
- FY 2024
- —
Cash ratio
0.1x
—
0.1x
—
- FY 2024
- —
Revenue growth (YoY)
15.66%
—
15.66%
—
- FY 2024
- —
EBIT growth (YoY)
147.8%
—
147.8%
—
- FY 2024
- —
Net income growth (YoY)
103.58%
—
103.58%
—
- FY 2024
- —