TSG GPW Periodic report · PAP Biznes
Tesgas SA (TSG) · Q1 2026 results
Share price: 1.53 zł · 2026-11-10
Results Q1 2026 vs Q1 2025 · year over year · published 29 May 2026 and 30 May 2025
Net loss widened year on year. The report's language is unchanged.
Only a basic analysis is available for this company at the moment.
1 · Numbers
Loss widened
Net income vs Q1 2025
Net income -3.7M vs -2.0M
Revenue −1.1%
2 · How the report reads
Unchanged
Language tone vs last period
Report language: cautious for a company report — about as upbeat as in Q1 2025.
Weak signal: formal report language, not a call.
3 · What stood out
Fading
TESGAS and its units did not provide any credit guarantees, loans, or guarantees to external entities exceeding 5% of the Capital Group's sales from…
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
1.53 zł
close of 2026-11-10
Revenue growth, 3 years
−17.7% a year
compound annual rate (CAGR)
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.
Cautious for a company report — about as upbeat as 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
“TESGAS Capital continuously monitors the delinquencies of customers and creditors in settling payments, analyzing credit risk individually or within specific asset classes defined by credit risk (resulting from...”
“The greatest impacts on sales seasonality are: atmospheric conditions – low temperatures during the winter period and precipitation during the spring-summer period, which can significantly slow down construction work.”
“The following factors influenced the change in fair value in the periods presented:”
Full figures
PLN · PAP Biznes report (2026-05-29)
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | 8.5M | 8.6M | −1.1% |
| Gross profit | -433.0K | -542.0K | Loss narrowed |
| Operating income | -2.8M | -2.7M | Loss widened |
| Net income | -3.7M | -2.0M | Loss widened |
| EPS | -0.33 | -0.18 | Loss widened |
| P/E | 12-mo loss | 12-mo loss | — |
Topics
Topics are drawn from the full report text, not management commentary.
Most discussed now
- The largest share of sales revenue was represented by revenue from the sale of services.
- Price change risk is associated with the risk of rising costs of material supplies and subcontractor services during the execution of…
- In the event of obtaining an order, there is a risk of changes in the costs of performing the works in relation to the budgets defined at…
- Asset turnover ratio Sales / assets
- The Group does not use intangible assets with an indefinite useful life in its activities.
Faded since Q1 2025
- Fading The decline in profitability of other profit and loss items is a result of generating insufficient revenue relative to the incurred costs.
- Fading Due to the execution of orders by companies of the Capital Group in the form of a consortium with other entities, there is a risk of…
- Fading The issuer increasingly notices, in orders being processed, a lack of willingness by the orderers to reimburse the contractor for funds…
- Fading Segment ten also generates the largest portion of revenue in the Capital Group.
Latest announcements
Official filings, newest first.
- Zawarcie przez TESGAS S.A. szeregu umów ze spółką STALPROFIL S.A. · ESPI 23/2026
- Half-year report · ESPI periodic
- Zawarcie umowy znaczącej ze spółką OGP Gaz - System S.A. · ESPI 22/2026
- Sprzedaż udziałów w spółce zależnej · ESPI 21/2026
- Powołanie członka Rady Nadzorczej · ESPI 20/2026
- Uchwały powzięte przez Zwyczajne Walne Zgromadzenie TESGAS S.A. w dniu 30.06.2026 r. · ESPI 19/2026
- Wykaz akcjonariuszy posiadających co najmniej 5% liczby głosów na Zwyczajnym Walnym Zgromadzeniu Akcjonariuszy TESGAS S.A. w dniu 30.06.2026 r · ESPI 18/2026
- Zawarcie umowy znaczącej ze spółką BZK ENERGY Sp. z o.o. z siedzibą w Warszawie · ESPI 17/2026