Dividend Payment Policy
Since the Company’s debut on the Warsaw Stock Exchange in December 2015, the dividend amounts recommended by the Management Board have been up to 30% of the net profit reported in the Group’s consolidated annual financial statements.
At the beginning of 2018, the Management Board decided to change the dividend policy regarding profit distribution starting from the dividend for the financial year 2018, increasing the maximum dividend level to 50% of the consolidated net profit.
The Management Board decided that it would recommend to the General Meeting the payment of a dividend at a level primarily taking into account:
-
the amount of generated cash flows,
-
the net profit achieved by the Group,
-
the Group’s investment needs,
-
the Company’s ability to obtain external financing and its cost.
The final decisions on the allocation of the generated profit are made by the Issuer’s General Meeting.
The history of dividend payments from the net profit earned in a given year is presented below:
| Dividend for the year | 2024 | 2023 | 2022 | 2021 | 2020 | 2018 |
|---|---|---|---|---|---|---|
| Unit net result (in PLN 000s) | 31 153 | 168 729 | 58 425 | 47 666 | 55 437 | 38 293 |
| Percentage of profit paid as a dividend | 28,9% | 25,6% | 52,1% | 62,3% | 16,2% | 94% |
| Consolidated net result (in PLN 000s) | 35 776 | 142 361 | 60 897 | 60 148 | 20 348 | 73 027 |
| Percentage of profit indicated in the consolidated raport paid as a dividend | 25,2% | 30,3% | 50% | 49,4% | 44,2% | 49,3% |
| Total amount of paid dividend | 9 000 000,00 PLN | 42 200 000,00 PLN | 30 420 000,00 PLN | 29 700 000 PLN | 9 000 000,00 PLN | 36 000 000,00 PLN |
| Value of dividend per share | 0,50 PLN | 2,40 PLN | 1,69 PLN | 1,65 PLN | 0,50 PLN | 2,00 PLN |
| The number of shares with the right to a dividend | 18 000 000 | 18 000 000 | 18 000 000 | 18 000 000 | 18 000 000 | 18 000 000 |
| Date of being entitled to the dividend | May 28, 2025 | August 15, 2024 | July 3,2023 | September 21, 2022 | September 28, 2021 | May 7, 2019 |
| Dividend payment date | June 4, 2025 | August 22, 2024 | July 10,2023 | November 15, 2022 | December 15, 2021 | May 14, 2019 |
