Dividend policy
The guiding principle of the Issuer’s Management Board regarding dividends is to pay dividends in accordance with the amount of profit generated and the current capabilities of the Issuer. The Management Board submits proposals concerning dividend payment with consideration of the need to ensure the financial liquidity of the Issuer and secure the capital required for business development. When deciding on the recommendation of dividend payment, the Management Board of the Issuer considers, in particular, the current and future financial situation of the Issuer’s Group, strategic objectives and the effectiveness of the investment projects planned by the Issuer’s Group.
Amount of dividend for every fiscal year from 2018 to 2024:
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Consolidated net income (PLN thousand) |
7,045 |
-2,031 |
935,569 |
444,852 |
-190,786 |
-22 836 |
49 832 |
| Amount of planned divided (PLN thousand) |
0 |
5,295 |
0 |
0 |
23,873 |
0 |
0 |
| Amount of approved and paid-out dividend (PLN thousand) |
0 |
5,203 1) |
0 2) |
0 |
23,873 3) |
0 5) |
0 6) |
| Number of shares |
10,589,100 |
10,603,414 |
10,604,525 |
10,647,166 |
10,647,166 4) |
9 770 435 |
9 770 435 |
| Par value of a share (PLN) |
1.00 |
1.00 |
1.00 |
1.00 |
1.00 |
1,00 |
1,00 |
| Dividend value per share (PLN) |
0.00 |
0.50 |
0,00 |
0.00 |
2.50 |
0,00 |
0,00 |
| Dividend day |
- |
19.06.2020 r. |
- |
- |
30.06.2023 r. |
- |
- |
| Payment date |
- |
26.06.2020 r. |
- |
- |
14.07.2023 r. |
- |
- |
1) The dividend was not paid on own shares purchased by the Issuer. Moreover, on June 3, 2020, the Ordinary General Meeting adopted a resolution to allocate the amount of PLN 30,700,000.00 to the reserve capital intended for the purchase of own shares.
2) On April 20, 2021, the Ordinary General Meeting of the Issuer adopted a resolution to allocate the amount of PLN 312,025,147.32 to the reserve capital intended for the purchase of own shares.
3) During 2023, the Issuer's subsidiary also allocated the amount of PLN 16,268,501.00 for the purchase of the Issuer's shares.
4) The dividend was paid on a total of 9,549,284 shares of the Issuer. The dividend was not paid on the Issuer's own shares held by the Issuer and the Issuer's subsidiary
5) On 14 October 2024, the Extraordinary General Meeting adopted a resolution to allocate PLN 15,000,000 to the reserve capital designated for the acquisition of the Company’s own shares, including acquisition costs, of which PLN 14,900,000 was spent on the share buyback.
6) On 27 June 2025, the Ordinary General Meeting adopted a resolution to allocate PLN 12,500,000 to the reserve capital designated for the acquisition of the Company’s own shares, including acquisition costs, of which PLN 12,400,000 was spent on the share buyback.
