Employees: 76
Size Niewiadow Polish Military Group Joint Stock (GNS.WA) is a Poland Information Technology company (Packaged Software) with a market value of $557M, the 56th largest of 83 Poland companies the cockpit tracks. Shares closed at PLN 14.05 on 6 Nov 2026.
Performance Over six months the shares fell 21.5%, against -21.9% for the median peer and +14.3% for the Poland market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 490.1% over the last twelve months (peer median +6.9%); the operating margin is -73.0% (peer median 0.7%).
Valuation It trades at 23.7× enterprise value to sales against a peer median of 3.6× (3rd most expensive of 20).
Capital Return on invested capital runs 30.6 points below its cost of capital (11.5% WACC).
Next results Next results expected around 2 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | PLN 86.7M | PLN 70.1M | PLN 76.6M | PLN 334,972 | PLN 139,679 |
| Revenue growth | — | -9% | +22,773% | +140% | — |
| Gross profit | -PLN 59.9M | PLN 777,000 | PLN 12.8M | -PLN 431,405 | -PLN 251,811 |
| EBITDA | -PLN 60.5M | -PLN 1.22M | -PLN 1.28M | -PLN 933,940 | -PLN 257,170 |
| Net income | -PLN 53.7M | PLN 1.07M | PLN 1.93M | -PLN 1.24M | -PLN 222,233 |
| Free cash flow | -PLN 140M | -PLN 69.6M | PLN 364,000 | -PLN 1.24M | -PLN 245,440 |
| Capital expenditure | PLN 105M | PLN 64.5M | PLN 7.87M | PLN 3,080 | PLN 0 |
| Total debt | PLN 47.8M | PLN 37.8M | PLN 5.58M | PLN 30,000 | PLN 85,000 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GNS.WA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.4% | -8.0% | 7th lowest of 20 |
| 6-month return | -21.5% | -21.9% | 10th highest of 20 |
| Distance from 52-week high | -36.1% | -42.1% | 7th highest of 20 |
| Revenue growth (TTM) | +490.1% | +6.9% | 2nd highest of 21 |
| Operating margin | -73.0% | 0.7% | 5th lowest of 21 |
| EV / Sales | 23.7× | 3.6× | 3rd most expensive of 20 |
| ROIC minus cost of capital | -30.6 pp | -6.1 pp | 3rd lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Niewiadow Polish Military Group Joint Stock GNS.WA | Poland | $557M | -22% | +490% | -73% | 23.7× | n/a | n/a |
| ENC Digital Technology 603869.SS | China | $559M | -26% | -10% | -8% | 4.1× | n/a | n/a |
| Atos ATO.PA | France | $555M | -35% | -14% | 6% | 0.3× | n/a | n/a |
| Seshaasai Technologies STYL.NS | India | $554M | +20% | -2% | 23% | 3.2× | 12.2% | +7.9% |
| Quadient QDT.PA | France | $560M | +24% | -10% | 12% | 1.2× | -2.4% | +0.1% |
| Hangzhou Electronic Soul Network Technology 603258.SS | China | $562M | -7% | -9% | -79% | 6.9× | n/a | n/a |
| Rezolve AI RZLV | United States | $550M | -45% | +2,224% | -94% | 3.6× | n/a | n/a |
| Manycore Tech 0068.HK | Hong Kong | $567M | -90% | +9% | 0% | 3.0× | n/a | n/a |
| Guangxi Xinxunda Technology 300518.SZ | China | $571M | -20% | -35% | -105% | 31.5× | n/a | n/a |
| Elice 0158S0.KS | South Korea | $572M | n/a | +14% | 14% | n/a | n/a | n/a |
| Linkage Software 688588.SS | China | $541M | -21% | -10% | 12% | 3.2× | 17.6% | +10.8% |
| Beijing Bewinner Communications 002148.SZ | China | $573M | -25% | +5% | -3% | 9.1× | n/a | n/a |
| Curiox Biosystems 445680.KS | South Korea | $577M | -55% | +37% | -245% | 134.2× | n/a | n/a |
| Broadleaf 3673.T | Japan | $534M | 0% | +12% | 13% | 3.9× | 6.4% | -0.3% |
| NetDragon Websoft 0777.HK | Hong Kong | $534M | -13% | -16% | 13% | 0.6× | -14.5% | -6.8% |
| Mininglamp Technology 2718.HK | Hong Kong | $533M | -89% | +9% | -6% | 1.9× | n/a | n/a |
| Shanghai Golden Bridge Info Tech 603918.SS | China | $530M | -27% | -15% | -9% | 4.7× | n/a | n/a |
| Wuhan KOTEI Informatics 301221.SZ | China | $526M | -22% | +11% | 2% | 3.5× | n/a | n/a |
| Acast ACAST.ST | Sweden | $526M | -20% | +23% | 3% | 1.6× | 21.4% | +32.5% |
| Sansec Technology 688489.SS | China | $590M | -13% | +18% | -7% | 5.5× | n/a | n/a |
| Sphere 347700.KS | South Korea | $525M | -66% | +303% | 3% | 5.5× | n/a | n/a |