Passus S.A.

Passus S.A.

PAS · WAR · Technology / Information Technology Services

158.80PLN+2.40 (+1.53%)

Price History

Full chart

Market Stats

Previous Close156.40
Open156.40
Day Range153.00 – 160.60
52-Week Range73.62 – 185.00
Volume4.56K
Market Cap259.17M
P/E (TTM)20.14
Forward P/E13.77
EPS8.79
Dividend Yield1.44%
Beta0.71
50-Day Avg140.01
200-Day Avg130.22

About

Passus S.A. engages in the design and implementation of specialized IT solutions in the areas of cybersecurity, network/application monitoring, and performance improvement in Poland. The company offers cybersecurity solutions, such as network environment protection and internet connection, endpoint protection, data security, security operating center, OT security, cloud security, and testing and audits. It also provides advanced solutions, including network performance management, application performance management, and observability to identify the causes and resolve network or application performance and availability problems in large organizations. In addition, the company offers IT infrastructure management solutions for IT managers in handling a range of processes, such as hiring new people, managing access to IT resources, monitoring user activity, and resolving problems reported by users. Its customers include entities in the public sector, such as uniformed services, state bodies, and state and local government offices, as well as State Treasury and private sector entities. The company was founded in 2014 and is based in Warsaw, Poland.

Company Details

  • SectorTechnology
  • IndustryInformation Technology Services
  • CEOMr. Bartosz Dzirba
  • Employees119
  • Headquartersul. Goraszewska 19, Warsaw, Poland, 02-910, Poland
  • Websitehttps://www.passus.com

Leadership

  • Mr. Bartosz DzirbaPresident of the Management Board
  • Mr. Dorota DeregMember of Management Board & Financial Director
  • Mr. Michal CzernikowMember of Management Board

Financials

Income Statement

Currency: PLN2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue17.09M26.92M24.54M38.67M42.95M63.01M76.45M86.86M107.50M123.33M
Growth (%)-+57.50%-8.83%+57.58%+11.08%+46.69%+21.33%+13.62%+23.76%+14.73%
Cost of Revenue14.81M9.53M23.34M15.39M18.42M37.15M6.27M74.58M92.97M109.13M
Gross Profit2.28M17.38M14.28M23.02M24.54M25.86M70.18M12.29M14.52M14.20M
Gross Margin13.37%64.58%58.18%59.52%57.13%41.03%91.80%14.14%13.51%11.51%
Operating Expense2.01M14.72M13.52M21.01M21.04M16.94M64.27M1.44M5.86M1.81M
Operating Income278.10K2.66M754.32K2.00M3.50M8.91M5.92M10.85M8.66M12.39M
Operating Margin1.63%9.89%3.07%5.18%8.14%14.15%7.74%12.49%8.06%10.05%
EBITDA-3.21M1.24M2.30M5.50M11.89M8.71M12.10M14.31M13.92M
EBITDA Margin-11.92%5.06%5.96%12.79%18.88%11.40%13.93%13.31%11.29%
Net Income123.75K2.08M262.13K785.97K1.97M5.98M4.32M1.62M5.14M10.16M
Net Income Margin0.72%7.73%1.07%2.03%4.59%9.49%5.65%1.87%4.78%8.24%
R&D-----755.00K1.82M3.99M800.00K200.00K
R&D as % of Total Revenue-----1.20%2.38%4.59%0.74%0.16%
Interest Expense00127.83K277.44K513.27K150.00K151.00K272.00K317.00K478.00K
Interest Expense % of Total Revenue0.00%0.00%0.52%0.72%1.19%0.24%0.20%0.31%0.29%0.39%

Balance Sheet

Currency: PLN2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets7.13M15.63M16.71M38.33M29.59M52.88M73.08M70.93M68.82M69.46M
Total Liabilities3.04M8.15M9.62M24.85K19.29M35.83M53.28M48.66M38.89M56.61M
Total Equity4.09M7.47M7.40M8.09M9.96M15.94M18.33M19.95M27.78M25.77M
Cash640.00K-2.54M15.54M5.18M10.17M32.00M16.80M16.44M13.30M
Total Debt--4.50M-1.69M1.41M1.08M1.17M1.04M805.00K
Net Debt--1.96M--2.92M-8.76M-30.92M-15.63M-15.40M-12.50M

Cash Flow

Currency: PLN2016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-60.35K-1.12M-1.20M7.99M1.75M12.10M28.20M-9.35M5.99M5.25M
Investing Cash Flow-191.54K-19.36K-1.37M-145.49K-3.42M-1.03M-5.21M-5.10M289.00K-2.38M
Financing Cash Flow288.91K2.31M2.91M5.16M-8.69M-1.87M-1.17M-749.00K-6.64M-4.04M
Capital Expenditure79.53K19.36K908.06K99.80K3.42M1.10M6.00M5.16M23.00K2.38M
Free Cash Flow---2.11M7.89M-1.96M6.81M22.21M-14.51M6.49M2.76M
Dividends Paid--210.76K95.80K95.80K134.12K--5.99M3.50M
FCF to OCF--175.83%98.75%-112.03%56.23%78.74%155.22%108.36%52.53%
Dividend Paid to FCF---10.01%1.21%-4.89%1.97%--92.33%127.06%

Earnings

Report DateSep 30, 2018Mar 31, 2019Jun 30, 2019Sep 30, 2019Dec 31, 2019Mar 31, 2020Jun 30, 2020Sep 30, 2020Dec 31, 2020Mar 31, 2021Jun 30, 2021Sep 30, 2021Apr 28, 2022Aug 12, 2022Nov 10, 2022Apr 20, 2023Sep 12, 2023Nov 15, 2023Dec 31, 2023May 23, 2024Sep 10, 2024Sep 30, 2024Dec 31, 2024May 27, 2025Jun 30, 2025Sep 30, 2025Dec 31, 2025Mar 31, 2026
EPS Estimate----------------------------
EPS Actual0.37-0.90-0.380.151.550.020.180.110.721.650.900.76-0.040.140.04-0.40-0.43-0.742.37-1.26-0.620.717.63-0.31-0.123.253.550.37
Surprise----------------------------
Timing------------Pre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-market-After-hoursPre-market--Pre-market----

Key Statistics & Ratios

Market Cap259.17M
Enterprise Value225.59M
Trailing P/E20.14
Forward P/E13.77
Price / Sales1.56
Price / Book12.93
EPS8.79
Book Value15.35
Revenue (TTM)166.37M
Gross Profit (TTM)62.61M
EBITDA21.05M
Profit Margin9.45%
Operating Margin12.70%
Return on Equity90.69%
Return on Assets26.48%
Shares Outstanding1.46M
Shares Float696.12K
Beta0.71
Dividend Yield1.44%
Dividend Rate2.50
Payout Ratio34.89%

Dividends

20261×
2.50Jun 24, 2026
20251×
1.96Jun 24, 2025
20241×
2.92Jul 5, 2024
20211×
0.07Jul 7, 2021
20201×
0.05Aug 19, 2020
20191×
0.05Aug 26, 2019