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MLS GPW Periodic report · PAP Biznes

ML System SA (MLS) · Q1 2026 results

Share price: 13.40 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 29 May 2026 and 30 May 2025

Revenue up 89.9% year on year. The language turned more upbeat.

Only a basic analysis is available for this company at the moment.

1 · Numbers

+89.9%

Revenue vs Q1 2025

Revenue 34.8M vs 18.3M

2 · How the report reads

More upbeat

Language tone vs last period

Report language: upbeat for a company report — more upbeat than in Q1 2025.

Weak signal: formal report language, not a call.

3 · What stood out

Fading

A mortgage of 76,563,504.00 PLN was established on a property in Zaczernie as security for loan number 19/0872.

Valuation

Reverse DCF. Free cash flow from the last full fiscal year, grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.

Valuation unavailable: free cash flow and profit were negative in the last full year and on average over the last three, so there is nothing to discount.

Current price

13.40 zł

close of 2026-11-10

Revenue growth, 3 years

−24.2% a year

compound annual rate (CAGR)

Official channels

The company's own website and social media accounts.

Read between the lines

No major shifts flagged this period.

Tone

How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q1 2026. Ring: Q1 2025.

Report language Upbeat (was typical)

Upbeat for a company report — more upbeat than in Q1 2025. Periodic reports carry legally required risk wording, so their tone moves little and is a weak signal.

Sentences that drove the tone
“Due to the dynamic and unpredictable nature of these phenomena, the Company continuously monitors their potential impact on its operations and financial position.”

Full figures

PLN · PAP Biznes report (2026-05-29)

Metric Q1 2026 Q1 2025 Change
Revenue 34.8M 18.3M +89.9%
Gross profit -4.2M -5.2M Loss narrowed
P/E 12-mo loss 12-mo loss —

Topics

Topics are drawn from the full report text, not management commentary.

Most discussed now

  • In subsequent periods, the continued availability of working capital financing will have a significant impact on the Group's results.
  • Under the agreement, a limit of up to PLN 5.1 million was made available to the Company, with the first tranche in the amount of PLN 4.8…
  • The Group continued its cooperation with financing institutions in terms of maintaining and further developing the available sources of…
  • 777 §1 point 5) of the Code of Civil Procedure regarding the obligation to repay monetary liabilities arising from the Agreement
  • International Financial Reporting Standards ("IFRS"), approved by the European Union

Faded since Q1 2025

  • Fading To continue the validity of the Agreement, submitted by this date.
  • Fading In the assignment of receivables agreement, along with the acknowledgment of receipt by the aforementioned.

Latest announcements

Official filings, newest first.

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