LGT LOGINTRADE NewConnect · annual · publ. May 29, 2026

FY 2025 report

Rentowna, nieduża grupa SaaS/e-procurement: przychody 10,6 mln zł (+7,9% r/r), marża EBIT 14,3% i zysk netto 1,08 mln zł.

Sentiment

Neutral No guidance change

Website

LGT FY 2025 report

Revenue

10,606,211 PLN

— YoY

Net income

1,078,613 PLN

— YoY

EBITDA

1,881,334 PLN

— YoY

Net debt / EBITDA

-1.5x

— YoY

Summary

Investment thesis

Bilans z gotówką netto: 4,36 mln zł środków pieniężnych wobec 1,64 mln zł zadłużenia oprocentowanego (w większości kredyt na budynek i leasing).
Zysk grupy hamuje świadomie inwestycja w Zingflow i produkty „AI first”; zarząd tłumaczy tym brak wzrostu zysku skonsolidowanego.
Konwersja gotówkowa słabsza niż zysk: CFO 0,78 mln zł (−40% r/r) przez wzrost krótkoterminowych rozliczeń międzyokresowych o ok. 0,9 mln zł.
Spółka wypłaciła 1,11 mln zł dywidendy, co przy zysku netto ~1,08 mln zł oznacza wypłatę zbliżoną do 100% zysku.

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

LGT · FY 2025

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

Revenue	10,606,211	—	—	reported	—	1.00
EBITDA	1,881,334	—	—	reported	—	1.00
EBIT	1,519,550	—	—	reported	—	1.00
EBT	1,689,398	—	—	reported	—	1.00
Net income	1,078,613	—	—	reported	—	1.00
EPS (basic)	0.22	—	—	derived	—	0.70
D&A	361,784	—	—	reported	—	1.00
Interest expense	102,523	—	—	reported	—	1.00
Income tax	311,101	—	—	reported	—	1.00
Shares (basic) (m units)	5.01	—	—	reported	—	1.00

EBITDA margin	18.84%	—	—	reported	—	1.00
EBIT margin	15.05%	—	—	reported	—	1.00
EBT margin	15.93%	—	—	derived	—	0.70
Net margin	26.43%	—	—	reported	—	1.00
D&A margin	3.41%	—	—	derived	—	0.70

Cash	4,358,521	—	—	reported	—	1.00
Total debt	1,636,527	—	—	reported	—	1.00
Net debt	-2,721,994	—	—	derived	—	0.70
Equity	6,620,331	—	—	reported	—	1.00
Total assets	9,717,109	—	—	reported	—	1.00
Working capital	5,879,142	—	—	derived	—	0.70
Current assets	7,014,234	—	—	reported	—	1.00
Current liabilities	1,135,092	—	—	reported	—	1.00
Non-current liabilities	1,358,946	—	—	reported	—	1.00
Inventory	18,450	—	—	reported	—	1.00
Trade receivables	1,308,144	—	—	reported	—	1.00
Trade payables	439,685	—	—	reported	—	1.00
Goodwill	139,390	—	—	reported	—	1.00
Tangible equity	6,480,940	—	—	derived	—	0.70

CFO	781,621	—	—	reported	—	1.00
CapEx	496,234	—	—	reported	—	1.00
FCF	285,387	—	—	derived	—	0.70
FCF conversion	72.64%	—	—	reported	—	0.80
CFO conversion	96.83%	—	—	reported	—	0.80
Dividends paid	1,111,215	—	—	reported	—	1.00

ROE	31.55%	—	—	reported	—	1.00
ROA	11.38%	—	—	derived	—	0.70
ROIC	40.83%	—	—	derived	—	0.60
ROCE	17.71%	—	—	derived	—	0.70

Current ratio	5.8x	—	—	reported	—	1.00
Quick ratio	5.57x	—	—	reported	—	1.00
Cash ratio	4.22x	—	—	reported	—	1.00
Interest coverage	14.82x	—	—	derived	—	0.70

Net debt / EBITDA	-1.5x	—	—	reported	—	0.80
Debt / equity	0.17x	—	—	reported	—	0.80
Debt / assets	0.17x	—	—	derived	—	0.70
Net debt / equity	-0.41x	—	—	derived	—	0.70

Revenue growth (YoY)	13.66%	—	—	reported	—	1.00
EBITDA growth (YoY)	48.49%	—	—	reported	—	1.00
EBIT growth (YoY)	118.61%	—	—	reported	—	1.00
Net income growth (YoY)	289.73%	—	—	reported	—	1.00
EPS growth (YoY)	9.37%	—	—	reported	—	0.60
EBITDA margin Δ (YoY)	4.42 pp	—	—	reported	—	1.00
EBIT margin Δ (YoY)	7.23 pp	—	—	reported	—	1.00
Net margin Δ (YoY)	18.73 pp	—	—	reported	—	1.00

FY 2025 · Δ YoY

Revenue

10,606,211 —

FY 2024: —

EBITDA

1,881,334 —

FY 2024: —

EBIT

1,519,550 —

FY 2024: —

EBT

1,689,398 —

FY 2024: —

Net income

1,078,613 —

FY 2024: —

EPS (basic)

0.22 —

FY 2024: —

D&A

361,784 —

FY 2024: —

Interest expense

102,523 —

FY 2024: —

Income tax

311,101 —

FY 2024: —

Shares (basic) (m units)

5.01 —

FY 2024: —

EBITDA margin

18.84% —

FY 2024: —

EBIT margin

15.05% —

FY 2024: —

EBT margin

15.93% —

FY 2024: —

Net margin

26.43% —

FY 2024: —

D&A margin

3.41% —

FY 2024: —

Cash

4,358,521 —

FY 2024: —

Total debt

1,636,527 —

FY 2024: —

Net debt

-2,721,994 —

FY 2024: —

Equity

6,620,331 —

FY 2024: —

Total assets

9,717,109 —

FY 2024: —

Working capital

5,879,142 —

FY 2024: —

Current assets

7,014,234 —

FY 2024: —

Current liabilities

1,135,092 —

FY 2024: —

Non-current liabilities

1,358,946 —

FY 2024: —

Inventory

18,450 —

FY 2024: —

Trade receivables

1,308,144 —

FY 2024: —

Trade payables

439,685 —

FY 2024: —

Goodwill

139,390 —

FY 2024: —

Tangible equity

6,480,940 —

FY 2024: —

CFO

781,621 —

FY 2024: —

CapEx

496,234 —

FY 2024: —

FCF

285,387 —

FY 2024: —

FCF conversion

72.64% —

FY 2024: —

CFO conversion

96.83% —

FY 2024: —

Dividends paid

1,111,215 —

FY 2024: —

ROE

31.55% —

FY 2024: —

ROA

11.38% —

FY 2024: —

ROIC

40.83% —

FY 2024: —

ROCE

17.71% —

FY 2024: —

Current ratio

5.8x —

FY 2024: —

Quick ratio

5.57x —

FY 2024: —

Cash ratio

4.22x —

FY 2024: —

Interest coverage

14.82x —

FY 2024: —

Net debt / EBITDA

-1.5x —

FY 2024: —

Debt / equity

0.17x —

FY 2024: —

Debt / assets

0.17x —

FY 2024: —

Net debt / equity

-0.41x —

FY 2024: —

Revenue growth (YoY)

13.66% —

FY 2024: —

EBITDA growth (YoY)

48.49% —

FY 2024: —

EBIT growth (YoY)

118.61% —

FY 2024: —

Net income growth (YoY)

289.73% —

FY 2024: —

EPS growth (YoY)

9.37% —

FY 2024: —

EBITDA margin Δ (YoY)

4.42 pp —

FY 2024: —

EBIT margin Δ (YoY)

7.23 pp —

FY 2024: —

Net margin Δ (YoY)

18.73 pp —

FY 2024: —