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SCW GPW sWIG80 Periodic report · PAP Biznes

Scanway SA (SCW) · Q1 2026 results

Share price: 322.00 zł · 2026-11-10

Results Q1 2026 vs Q1 2025 · year over year · published 28 May 2026 and 15 May 2025

Net loss widened year on year. The language turned more cautious.

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

1 · Numbers

Loss widened

Net income vs Q1 2025

Net income -4.1M vs -1.1M

Revenue −3.0%

2 · How the report reads

More cautious

Language tone vs last period

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

Weak signal: formal report language, not a call.

3 · What stood out

Dropped

The company prepared for broader, active commercialization of the Hydra modular vision system during the first quarter.

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

322.00 zł

close of 2026-11-10

Revenue growth, 3 years

+114.4% a year

compound annual rate (CAGR)

Official channels

The company's own website and social media accounts.

Read between the lines

  1. Fading

    The project is based on a bilateral agreement between the Polish Ministry of Development and Technology and the ESA signed in October 2023.

    Source quote
    “The project is based on a bilateral agreement concluded between the Polish Ministry of Development and Technology and the ESA in October 2023.”

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 Cautious (was very upbeat)

Cautious for a company report — more cautious 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
“The increase in sales revenue is primarily a result of: the intensive development of the Group in the Space business area, and the signing of new international commercial contracts, which correspond to the Company's strategic development directions.”
“Market risk – loans drawn with equity and cash funds”
“Consequently, the risk associated with changes in interest rates has an immaterial impact on the Group's financial position.”

Full figures

PLN · PAP Biznes report (2026-05-28)

Metric Q1 2026 Q1 2025 Change
Revenue 3.8M 3.9M −3.0%
Operating income -4.2M -1.1M Loss widened
Net income -4.1M -1.1M Loss widened
EPS -2.45 —
P/E 12-mo loss 12-mo loss —

Topics

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

Most discussed now

  • Sales revenue – revenue concentration from key counterparties
  • New These changes include refining the application of the "own use" criterion
  • New For the data presented in the interim condensed consolidated statement of financial position and for off-balance sheet items, comparable…

Faded since Q1 2025

  • Fading Scanway designs and deliver machine vision systems for industry and optical solutions for the space industry.
  • Fading The company is developing two business areas that are currently experiencing significant growth worldwide.
  • Fading The impact on revenue was due to the delivery of two optical instruments to customers and ongoing project contracting, primarily in the…
  • Fading Fabios Plant will also be the first site for the implementation of the Hydra system developed by the Company – a solution

Latest announcements

Official filings, newest first.

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