Balance Sheet Orange Polska S.A.

Stocks

OPL

PLTLKPL00017

Integrated Telecommunications Services

Market Closed - Warsaw S.E. Other stock markets 16:55:54 11/06/2026 BST			5-day change	1st Jan Change
16.02 ^PLN	+0.85%		+1.68%	+57.21%

04-23	Orange Polska S.A., Q1 2026 Earnings Call, Apr 23, 2026
04-23	Poland - Factors to Watch April 23	RE

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Published financial data: ORANGE POLSKA S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	11.93B	12.49B	12.97B	12.73B	13.13B
Total Revenues	11.93B	12.49B	12.97B	12.73B	13.13B
Cost of Goods Sold, Total	8.18B	8.86B	9.23B	9.02B	9.34B
Gross Profit	3.74B	3.63B	3.74B	3.71B	3.79B
Selling General & Admin Expenses, Total	-	-	-	-	-
Provision for Bad Debts	63M	74M	91M	137M	138M
Depreciation & Amortization - (IS)	2.68B	2.53B	2.52B	2.57B	2.71B
Other Operating Expenses	213M	-52M	-115M	-359M	-359M
Other Operating Expenses, Total	2.96B	2.55B	2.5B	2.35B	2.49B
Operating Income	788M	1.08B	1.24B	1.36B	1.3B
Interest Expense, Total	-243M	-297M	-315M	-339M	-373M
Interest And Investment Income	34M	94M	90M	88M	89M
Net Interest Expenses	-209M	-203M	-225M	-251M	-284M
Income (Loss) On Equity Invest.	24M	-14M	-32M	-43M	-22M
Currency Exchange Gains (Loss)	4M	-22M	40M	9M	6M
Other Non Operating Income (Expenses)	-75M	-68M	-25M	-46M	-64M
EBT, Excl. Unusual Items	532M	769M	997M	1.03B	933M
Restructuring Charges	-119M	-	-77M	-	-121M
Merger & Related Restructuring Charges	-25M	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Assets	1.6B	107M	134M	113M	125M
Asset Writedown	-49M	-9M	-46M	-17M	-8M
Other Unusual Items	-4M	-	-	-	-
EBT, Incl. Unusual Items	1.93B	867M	1.01B	1.13B	929M
Income Tax Expense	258M	143M	190M	215M	167M
Earnings From Continuing Operations	1.67B	724M	818M	913M	762M
Net Income to Company	1.67B	724M	818M	913M	762M
Net Income - (IS)	1.67B	724M	818M	913M	762M
Net Income to Common Incl Extra Items	1.67B	724M	818M	913M	762M
Net Income to Common Excl. Extra Items	1.67B	724M	818M	913M	762M
Per Share Items
Net EPS - Basic	1.27	0.55	0.62	0.7	0.58
Basic EPS - Continuing Operations	1.27	0.55	0.62	0.7	0.58
Basic Weighted Average Shares Outstanding	1.31B	1.31B	1.31B	1.31B	1.31B
Net EPS - Diluted	1.27	0.55	0.62	0.7	0.58
Diluted EPS - Continuing Operations	1.27	0.55	0.62	0.7	0.58
Diluted Weighted Average Shares Outstanding	1.31B	1.31B	1.31B	1.31B	1.31B
Normalized Basic EPS	0.25	0.37	0.47	0.49	0.44
Normalized Diluted EPS	0.25	0.37	0.47	0.49	0.44
Dividend Per Share	0.25	0.35	0.48	0.53	0.61
Payout Ratio	-	45.3	56.11	69	91.34
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	2.67B	2.77B	2.84B	2.96B	3B
EBITA	1.16B	1.46B	1.54B	1.7B	1.66B
EBIT	788M	1.08B	1.24B	1.36B	1.3B
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	13.37	16.49	18.85	19.06	17.98
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	112M	78M	167M	106M	112M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	146M	65M	23M	109M	55M
Normalized Net Income	332M	481M	623M	645M	583M
Interest on Long-Term Debt	53M	95M	138M	148M	146M
Non-Cash Pension Expense	112M	1M	73M	3M	-3M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	57M	51M	55M	53M	54M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	6M	8M	12M	5M	25M
Total Stock-Based Compensation	6M	8M	12M	5M	25M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	933M	1.03B	796M	546M	518M
Trading Asset Securities, Total	3M	29M	25M	8M	34M
Total Cash And Short Term Investments	936M	1.06B	821M	554M	552M
Accounts Receivable, Total	1.95B	2.12B	2.12B	2.02B	2.01B
Other Receivables	31M	-	6M	-	-
Total Receivables	1.98B	2.12B	2.12B	2.02B	2.01B
Inventory	281M	300M	275M	293M	213M
Prepaid Expenses	94M	80M	98M	130M	134M
Other Current Assets, Total	847M	953M	751M	794M	925M
Total Current Assets	4.14B	4.51B	4.07B	3.79B	3.83B
Gross Property Plant And Equipment	50.02B	50.43B	50.52B	49.72B	49.23B
Accumulated Depreciation	-37.46B	-37.99B	-37.78B	-36.68B	-35.89B
Net Property Plant And Equipment	12.56B	12.43B	12.74B	13.05B	13.33B
Long-term Investments	1.61B	2.03B	1.65B	1.58B	1.25B
Goodwill	2.28B	2.3B	2.32B	2.35B	2.35B
Other Intangibles, Total	3.98B	4.06B	4.4B	4.25B	4.8B
Accounts Receivable Long-Term	443M	540M	748M	783M	770M
Deferred Tax Assets Long-Term	581M	424M	475M	359M	328M
Deferred Charges Long-Term	127M	154M	161M	230M	251M
Other Long-Term Assets, Total	432M	321M	260M	205M	93M
Total Assets	26.16B	26.77B	26.83B	26.6B	27.01B
Liabilities
Accounts Payable, Total	1.55B	1.63B	1.66B	1.7B	1.64B
Accrued Expenses, Total	239M	257M	245M	241M	290M
Current Portion of Long-Term Debt	47M	811M	1.55B	74M	2.77B
Current Portion of Leases	528M	542M	645M	637M	694M
Current Income Taxes Payable	2M	33M	52M	61M	78M
Unearned Revenue Current, Total	607M	648M	655M	825M	735M
Other Current Liabilities	1.38B	1.32B	1.41B	1.32B	1.32B
Total Current Liabilities	4.35B	5.24B	6.22B	4.86B	7.52B
Long-Term Debt	4.97B	4.23B	2.8B	4.17B	1.63B
Long-Term Leases	2.3B	2.23B	2.31B	2.35B	2.3B
Unearned Revenue Non Current	993M	942M	1.1B	731M	764M
Pension & Other Post Retirement Benefits	73M	48M	64M	53M	70M
Other Non Current Liabilities	856M	613M	902M	792M	1.19B
Total Liabilities	13.55B	13.31B	13.38B	12.96B	13.48B
Common Stock, Total	3.94B	3.94B	3.94B	3.94B	3.94B
Additional Paid In Capital	832M	832M	832M	832M	832M
Retained Earnings	7.65B	8.05B	8.41B	8.69B	8.76B
Comprehensive Income and Other	191M	635M	267M	176M	-8M
Total Common Equity	12.61B	13.45B	13.44B	13.64B	13.52B
Minority Interest	2M	2M	2M	2M	2M
Total Equity	12.61B	13.45B	13.45B	13.64B	13.53B
Total Liabilities And Equity	26.16B	26.77B	26.83B	26.6B	27.01B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.31B	1.31B	1.31B	1.31B	1.31B
ECS Total Common Shares Outstanding	1.31B	1.31B	1.31B	1.31B	1.31B
Book Value / Share	9.61	10.25	10.24	10.39	10.31
Tangible Book Value	6.34B	7.1B	6.73B	7.03B	6.37B
Tangible Book Value Per Share	4.83	5.41	5.13	5.36	4.86
Total Debt	7.85B	7.82B	7.3B	7.24B	7.4B
Net Debt	6.91B	6.76B	6.48B	6.68B	6.84B
Debt Equivalent of Unfunded Proj. Benefit Obligation	41M	37M	42M	48M	46M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	2M	2M	2M	2M	2M
Equity Method Investments, Total	1.33B	1.34B	1.31B	1.34B	1.12B
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	2.23B	2.23B	2.06B	1.84B	1.76B
Machinery, Total	43.37B	43.49B	43.3B	42.26B	41.42B
Full Time Employees	10.09K	9.41K	9.01K	8.52K	8.1K
Part Time Employees	57	53	51	53	67

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	1.67B	724M	818M	913M	762M
Depreciation & Amortization - CF	1.98B	1.81B	1.84B	1.82B	1.92B
Amortization of Goodwill and Intangible Assets - (CF)	374M	379M	302M	342M	364M
Depreciation & Amortization, Total	2.35B	2.19B	2.14B	2.16B	2.28B
Amortization of Deferred Charges, Total - (CF)	327M	343M	381M	407M	433M
(Gain) Loss From Sale Of Asset	-1.6B	-107M	-134M	-113M	-125M
Asset Writedown & Restructuring Costs	49M	9M	46M	17M	8M
(Income) Loss On Equity Investments - (CF)	-24M	14M	32M	43M	22M
Other Operating Activities, Total	191M	-4M	-68M	76M	219M
Change In Accounts Receivable	47M	-274M	-155M	22M	-27M
Change In Inventories	-51M	-7M	27M	-23M	62M
Change In Accounts Payable	100M	79M	28M	33M	-4M
Change in Unearned Revenues	86M	-13M	154M	-18M	-136M
Change in Other Net Operating Assets	-55M	-13M	180M	-111M	108M
Cash from Operations	3.1B	2.94B	3.45B	3.41B	3.6B
Capital Expenditure	-2B	-2.24B	-2.24B	-2.36B	-2.83B
Sale of Property, Plant, and Equipment	196M	275M	274M	197M	94M
Cash Acquisitions	-22M	-50M	-61M	-147M	-9M
Divestitures	872M	36M	133M	124M	182M
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-104M	-177M	14M
Other Investing Activities, Total	-207M	-18M	-47M	200M	-37M
Cash from Investing	-1.16B	-2B	-2.05B	-2.17B	-2.59B
Long-Term Debt Issued, Total	26M	19M	99M	36M	651M
Total Debt Issued	26M	19M	99M	36M	651M
Long-Term Debt Repaid, Total	-1.49B	-541M	-1.27B	-898M	-996M
Total Debt Repaid	-1.49B	-541M	-1.27B	-898M	-996M
Common Dividends Paid	-	-328M	-459M	-630M	-696M
Common & Preferred Stock Dividends Paid	-	-328M	-459M	-630M	-696M
Other Financing Activities, Total	91M	-	-	-	-
Cash from Financing	-1.37B	-850M	-1.63B	-1.49B	-1.04B
Foreign Exchange Rate Adjustments	1M	2M	-3M	-3M	-
Net Change in Cash	575M	93M	-230M	-250M	-28M
Supplemental Items
Cash Interest Paid	-	-	-	-	377M
Cash Income Tax Paid (Refund)	158M	15M	154M	103M	96M
Levered Free Cash Flow	957M	648M	1.2B	992M	356M
Unlevered Free Cash Flow	1.11B	834M	1.4B	1.2B	589M
Change In Net Working Capital	76M	137M	-330M	-138M	127M
Net Debt Issued / Repaid	-1.46B	-522M	-1.18B	-862M	-345M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.95	2.54	2.89	3.19	3.02
Return on Total Capital	2.47	3.22	3.69	4.09	3.88
Return On Equity %	14.41	5.56	6.08	6.74	5.61
Return on Common Equity	14.41	5.56	6.08	6.74	5.61
Margin Analysis
Gross Profit Margin %	31.4	29.07	28.84	29.16	28.84
SG&A Margin	-	-	-	-	-
EBITDA Margin %	22.35	22.18	21.87	23.25	22.84
EBITA Margin %	9.74	11.65	11.88	13.39	12.65
EBIT Margin %	6.61	8.62	9.55	10.71	9.88
Income From Continuing Operations Margin %	14.02	5.8	6.31	7.17	5.8
Net Income Margin %	14.02	5.8	6.31	7.17	5.8
Net Avail. For Common Margin %	14.02	5.8	6.31	7.17	5.8
Normalized Net Income Margin	2.79	3.85	4.8	5.07	4.44
Levered Free Cash Flow Margin	8.02	5.19	9.28	7.79	2.71
Unlevered Free Cash Flow Margin	9.29	6.67	10.8	9.46	4.48
Asset Turnover
Asset Turnover	0.47	0.47	0.48	0.48	0.49
Fixed Assets Turnover	0.93	1	1.03	0.99	1
Receivables Turnover (Average Receivables)	6.14	6.14	6.12	6.15	6.52
Inventory Turnover (Average Inventory)	32.03	30.49	32.1	31.76	36.94
Short Term Liquidity
Current Ratio	0.95	0.86	0.65	0.78	0.51
Quick Ratio	0.67	0.61	0.47	0.53	0.34
Operating Cash Flow to Current Liabilities	0.71	0.56	0.56	0.7	0.48
Days Sales Outstanding (Average Receivables)	59.44	59.44	59.63	59.49	55.97
Days Outstanding Inventory (Average Inventory)	11.4	11.97	11.37	11.52	9.88
Average Days Payable Outstanding	65.67	65.34	65.29	68	65.65
Cash Conversion Cycle (Average Days)	5.17	6.07	5.71	3.02	0.2
Long Term Solvency
Total Debt/Equity	62.22	58.11	54.28	53.05	54.69
Total Debt / Total Capital	38.35	36.75	35.18	34.66	35.35
LT Debt/Equity	57.66	48.06	37.94	47.83	29.11
Long-Term Debt / Total Capital	35.54	30.39	24.59	31.25	18.82
Total Liabilities / Total Assets	51.79	49.74	49.88	48.71	49.92
EBIT / Interest Expense	3.24	3.62	3.93	4.02	3.48
EBITDA / Interest Expense	12.93	10.99	10.74	10.41	9.59
(EBITDA - Capex) / Interest Expense	4.72	3.44	3.63	3.44	1.99
Total Debt / EBITDA	2.5	2.39	2.16	2.05	2.07
Net Debt / EBITDA	2.2	2.07	1.91	1.89	1.91
Total Debt / (EBITDA - Capex)	6.84	7.64	6.39	6.21	9.94
Net Debt / (EBITDA - Capex)	6.02	6.61	5.67	5.74	9.2
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.65	4.69	3.86	-1.84	3.15
Gross Profit, 1 Yr. Growth %	3.05	-2.42	3.03	-0.72	2.02
EBITDA, 1 Yr. Growth %	8.86	5.04	2.38	4.37	1.35
EBITA, 1 Yr. Growth %	46.9	28.42	5.91	10.64	-2.58
EBIT, 1 Yr. Growth %	93.14	41.77	15.15	10.01	-4.84
Earnings From Cont. Operations, 1 Yr. Growth %	3.53K	-56.7	12.98	11.61	-16.54
Net Income, 1 Yr. Growth %	3.53K	-56.7	12.98	11.61	-16.54
Normalized Net Income, 1 Yr. Growth %	682.35	52.88	29.65	3.51	-9.59
Diluted EPS Before Extra, 1 Yr. Growth %	3.53K	-56.7	12.98	11.61	-16.54
Accounts Receivable, 1 Yr. Growth %	0.57	8.78	0	-4.67	-0.59
Inventory, 1 Yr. Growth %	22.17	6.76	-8.33	6.55	-27.3
Net Property, Plant and Equip., 1 Yr. Growth %	-3.88	-1.02	2.49	2.38	2.19
Total Assets, 1 Yr. Growth %	7.64	2.33	0.22	-0.85	1.54
Tangible Book Value, 1 Yr. Growth %	53.59	11.97	-5.25	4.58	-9.4
Common Equity, 1 Yr. Growth %	18.99	6.68	-0.05	1.45	-0.84
Cash From Operations, 1 Yr. Growth %	3.19	-5.19	17.45	-1.22	5.57
Capital Expenditures, 1 Yr. Growth %	-0.99	12.38	-0.04	5.44	19.85
Levered Free Cash Flow, 1 Yr. Growth %	-10.62	-30.97	87.5	-17.57	-64.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-10.89	-23.56	69.23	-14.03	-51.11
Dividend Per Share, 1 Yr. Growth %	-	40	37.14	10.42	15.09
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	2.26	4.17	4.28	0.97	0.63
Gross Profit, 2 Yr. CAGR %	3.34	-0.06	0.27	1.14	0.64
EBITDA, 2 Yr. CAGR %	6.04	6.35	3.7	3.37	2.85
EBITA, 2 Yr. CAGR %	22.61	35.63	16.62	8.25	3.82
EBIT, 2 Yr. CAGR %	41.42	62.4	27.77	12.55	2.31
Earnings From Cont. Operations, 2 Yr. CAGR %	351.56	296.73	-30.05	12.3	-3.48
Net Income, 2 Yr. CAGR %	351.56	296.73	-30.05	12.3	-3.48
Normalized Net Income, 2 Yr. CAGR %	143.13	236.29	40.79	15.84	-3.26
Diluted EPS Before Extra, 2 Yr. CAGR %	351.56	296.73	-30.05	12.3	-3.48
Accounts Receivable, 2 Yr. CAGR %	-6.93	4.59	4.3	-2.36	-2.65
Inventory, 2 Yr. CAGR %	13.53	14.21	-1.07	-1.17	-11.99
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.01	-2.46	0.72	2.44	2.28
Total Assets, 2 Yr. CAGR %	2.45	4.95	1.27	-0.31	0.34
Tangible Book Value, 2 Yr. CAGR %	30.08	31.14	3	-0.46	-2.66
Common Equity, 2 Yr. CAGR %	9.3	12.66	3.26	0.7	0.3
Cash From Operations, 2 Yr. CAGR %	4.16	-1.09	5.52	7.71	2.12
Capital Expenditures, 2 Yr. CAGR %	-6.29	5.48	5.99	2.66	12.42
Levered Free Cash Flow, 2 Yr. CAGR %	14.44	-22.2	13.24	24.32	-45.65
Unlevered Free Cash Flow, 2 Yr. CAGR %	9.81	-18.15	13.33	20.62	-35.17
Dividend Per Share, 2 Yr. CAGR %	-	-	38.56	23.06	12.73
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.42	3.07	4.07	2.2	1.69
Gross Profit, 3 Yr. CAGR %	6.85	1.16	0.96	-0.06	1.43
EBITDA, 3 Yr. CAGR %	6.74	5.32	5.01	3.93	2.69
EBITA, 3 Yr. CAGR %	30.57	23.47	24.89	14.59	4.51
EBIT, 3 Yr. CAGR %	75.81	39.78	44.81	21.55	6.42
Earnings From Cont. Operations, 3 Yr. CAGR %	450.91	106.68	161.01	-18.26	1.72
Net Income, 3 Yr. CAGR %	450.91	106.68	161.01	-18.26	1.72
Normalized Net Income, 3 Yr. CAGR %	49.26	104.44	144.75	27.07	6.66
Diluted EPS Before Extra, 3 Yr. CAGR %	450.93	106.68	161.02	-18.26	1.72
Accounts Receivable, 3 Yr. CAGR %	-8.09	-1.97	3.04	1.22	-1.78
Inventory, 3 Yr. CAGR %	5.4	11.23	6.14	1.4	-10.79
Net Property, Plant and Equip., 3 Yr. CAGR %	5.37	-1.68	-0.84	1.27	2.35
Total Assets, 3 Yr. CAGR %	3.94	2.41	3.35	0.56	0.3
Tangible Book Value, 3 Yr. CAGR %	22.1	23.74	17.67	3.52	-3.53
Common Equity, 3 Yr. CAGR %	6.29	8.42	8.26	2.65	0.18
Cash From Operations, 3 Yr. CAGR %	19.61	0.95	4.74	3.23	6.99
Capital Expenditures, 3 Yr. CAGR %	-2.7	-0.44	3.61	5.81	8.1
Levered Free Cash Flow, 3 Yr. CAGR %	-5.27	-3.92	3.99	1.87	-17.88
Unlevered Free Cash Flow, 3 Yr. CAGR %	5.15	-3.21	4.03	3.36	-10.73
Dividend Per Share, 3 Yr. CAGR %	-	-	-	28.46	20.34
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.67	1.87	3.16	2.22	2.68
Gross Profit, 5 Yr. CAGR %	-0.52	-0.13	4.03	1.15	0.83
EBITDA, 5 Yr. CAGR %	1.09	3.01	5.29	4.54	4.14
EBITA, 5 Yr. CAGR %	10.42	14.57	24.17	17.14	15.99
EBIT, 5 Yr. CAGR %	16.45	24.34	53.58	28.17	26.02
Earnings From Cont. Operations, 5 Yr. CAGR %	-0.86	64.56	141.3	61.93	75.32
Net Income, 5 Yr. CAGR %	-0.86	64.56	141.3	61.93	75.32
Normalized Net Income, 5 Yr. CAGR %	126.12	67.69	44.18	62.89	68.84
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.86	64.56	141.3	61.93	75.32
Accounts Receivable, 5 Yr. CAGR %	-0.85	-1.33	-3.32	-2.12	0.72
Inventory, 5 Yr. CAGR %	11.51	6.69	2.76	6.09	-1.52
Net Property, Plant and Equip., 5 Yr. CAGR %	3.3	3.12	3.48	-0.06	0.4
Total Assets, 5 Yr. CAGR %	2.76	3.14	2.86	1.31	2.14
Tangible Book Value, 5 Yr. CAGR %	24.28	22.89	14.07	13.42	9.07
Common Equity, 5 Yr. CAGR %	4.73	6.24	5.07	5.26	5
Cash From Operations, 5 Yr. CAGR %	4	7.33	13.76	3.6	3.68
Capital Expenditures, 5 Yr. CAGR %	5.2	8.3	0.68	0.79	7.04
Levered Free Cash Flow, 5 Yr. CAGR %	-15.54	3.61	1.35	6.31	-19.78
Unlevered Free Cash Flow, 5 Yr. CAGR %	-11.55	3.01	7.99	5.54	-13.9