Kruk SA (KRU) - Net Assets

Latest as of March 2026: zł5.64 Billion PLN ≈ $1.55 Billion USD

Based on the latest financial reports, Kruk SA (KRU) has net assets worth zł5.64 Billion PLN (≈ $1.55 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (zł13.57 Billion ≈ $3.73 Billion USD) and total liabilities (zł7.93 Billion ≈ $2.18 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Kruk SA strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł5.64 Billion
% of Total Assets	41.54%
Annual Growth Rate	27.17%
5-Year Change	104.85%
10-Year Change	330.42%
Growth Volatility	16.67

Kruk SA - Net Assets Trend (2005–2025)

This chart illustrates how Kruk SA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see KRU market cap overview.

Annual Net Assets for Kruk SA (2005–2025)

The table below shows the annual net assets of Kruk SA from 2005 to 2025. Also explore Kruk SA (KRU) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	zł5.33 Billion ≈ $1.47 Billion	+17.62%
2024-12-31	zł4.53 Billion ≈ $1.25 Billion	+19.46%
2023-12-31	zł3.79 Billion ≈ $1.04 Billion	+16.52%
2022-12-31	zł3.25 Billion ≈ $895.35 Million	+25.12%
2021-12-31	zł2.60 Billion ≈ $715.62 Million	+27.25%
2020-12-31	zł2.04 Billion ≈ $562.39 Million	+4.31%
2019-12-31	zł1.96 Billion ≈ $539.17 Million	+13.06%
2018-12-31	zł1.73 Billion ≈ $476.88 Million	+18.64%
2017-12-31	zł1.46 Billion ≈ $401.96 Million	+18.02%
2016-12-31	zł1.24 Billion ≈ $340.58 Million	+57.79%
2015-12-31	zł784.28 Million ≈ $215.84 Million	+34.05%
2014-12-31	zł585.08 Million ≈ $161.02 Million	+40.80%
2013-12-31	zł415.56 Million ≈ $114.37 Million	+30.83%
2012-12-31	zł317.63 Million ≈ $87.42 Million	+33.24%
2011-12-31	zł238.38 Million ≈ $65.61 Million	+80.57%
2010-12-31	zł132.01 Million ≈ $36.33 Million	+31.97%
2009-12-31	zł100.04 Million ≈ $27.53 Million	+30.70%
2008-12-31	zł76.54 Million ≈ $21.06 Million	+39.43%
2006-12-31	zł54.90 Million ≈ $15.11 Million	+26.07%
2005-12-31	zł43.54 Million ≈ $11.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Kruk SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 474519000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł4.75 Billion	89.09%
Other Components	zł580.95 Million	10.91%
Total Equity	zł5.33 Billion	100.00%

Kruk SA Competitors by Market Cap

The table below lists competitors of Kruk SA ranked by their market capitalization.

Company	Market Cap
OCADO GROUP SP.ADR 1/2 F:0OC1	$2.05 Billion
Scandic Hotels Group AB (publ) ST:SHOT	$2.06 Billion
Sai Gon Ha Noi Commercial Joint Stock Bank VN:SHB	$2.06 Billion
Boardwalk Real Estate Investment Trust TO:BEI-UN	$2.06 Billion
Trevi Therapeutics Inc NASDAQ:TRVI	$2.05 Billion
HENSOLDT AG UNSP. ADS F:HAG0	$2.05 Billion
LCI Industries NYSE:LCII	$2.05 Billion
Guardian Pharmacy Services, Inc. NYSE:GRDN	$2.05 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Kruk SA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,528,986,000 to 5,326,140,000, a change of 797,154,000 (17.6%).
Net income of 1,085,008,000 contributed positively to equity growth.
Dividend payments of 349,252,000 reduced retained earnings.
New share issuances of 27,552,000 increased equity.
Other comprehensive income decreased equity by 126,073,000.
Other factors increased equity by 159,919,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł1.09 Billion	+20.37%
Dividends Paid	zł349.25 Million	-6.56%
Share Issuances	zł27.55 Million	+0.52%
Other Comprehensive Income	zł-126.07 Million	-2.37%
Other Changes	zł159.92 Million	+3.0%
Total Change	zł-	17.60%

Book Value vs Market Value Analysis

This analysis compares Kruk SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.40x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 136.69x to 1.40x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	zł2.79	zł382.00	x
2006-12-31	zł3.52	zł382.00	x
2008-12-31	zł5.09	zł382.00	x
2009-12-31	zł6.42	zł382.00	x
2010-12-31	zł8.57	zł382.00	x
2011-12-31	zł14.45	zł382.00	x
2012-12-31	zł18.72	zł382.00	x
2013-12-31	zł24.10	zł382.00	x
2014-12-31	zł33.61	zł382.00	x
2015-12-31	zł44.08	zł382.00	x
2016-12-31	zł67.42	zł382.00	x
2017-12-31	zł75.77	zł382.00	x
2018-12-31	zł89.72	zł382.00	x
2019-12-31	zł101.34	zł382.00	x
2020-12-31	zł106.12	zł382.00	x
2021-12-31	zł134.01	zł382.00	x
2022-12-31	zł164.58	zł382.00	x
2023-12-31	zł186.37	zł382.00	x
2024-12-31	zł221.10	zł382.00	x
2025-12-31	zł273.24	zł382.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Kruk SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 20.37%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 42.71%
• Asset Turnover: 0.19x
• Equity Multiplier: 2.45x
Recent ROE (20.37%) is below the historical average (21.70%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	13.24%	4.76%	1.43x	1.94x	zł1.41 Million
2006	20.55%	8.57%	1.39x	1.72x	zł5.79 Million
2008	21.56%	15.84%	0.49x	2.77x	zł8.82 Million
2009	23.42%	18.21%	0.62x	2.08x	zł13.42 Million
2010	27.34%	21.96%	0.52x	2.41x	zł22.88 Million
2011	27.87%	24.23%	0.34x	3.36x	zł42.57 Million
2012	25.53%	23.63%	0.35x	3.06x	zł49.29 Million
2013	23.50%	24.07%	0.35x	2.80x	zł56.08 Million
2014	25.94%	31.10%	0.32x	2.59x	zł93.23 Million
2015	26.04%	33.41%	0.33x	2.34x	zł125.80 Million
2016	20.09%	31.74%	0.25x	2.50x	zł124.91 Million
2017	20.21%	27.96%	0.30x	2.44x	zł149.05 Million
2018	19.05%	33.94%	0.22x	2.59x	zł156.78 Million
2019	14.11%	25.26%	0.23x	2.47x	zł80.55 Million
2020	3.98%	7.01%	0.25x	2.27x	zł-123.02 Million
2021	26.71%	57.79%	0.20x	2.27x	zł434.68 Million
2022	24.74%	54.09%	0.19x	2.36x	zł479.58 Million
2023	25.95%	54.82%	0.18x	2.62x	zł604.79 Million
2024	23.71%	48.74%	0.19x	2.57x	zł621.06 Million
2025	20.37%	42.71%	0.19x	2.45x	zł552.39 Million

Industry Comparison

This section compares Kruk SA's net assets metrics with peer companies in the Credit Services industry.

Industry Context

Industry: Credit Services
Average net assets among peers: $126,099,927
Average return on equity (ROE) among peers: -4.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Kruk SA (KRU)	zł5.64 Billion	13.24%	1.41x	$2.05 Billion
Atlantis S.A. (ATS)	$7.20 Million	5.96%	0.00x	$2.30 Million
Best SA (BST)	$897.80 Million	11.44%	1.07x	$273.55 Million
Fast Finance SA (FFI)	$-42.22 Million	0.00%	0.00x	$347.46K
Fon SE (FON)	$62.14 Million	10.01%	0.15x	$3.00 Million
Investment Friends Capital SE (IFC)	$5.00 Million	2.84%	0.00x	$1.26 Million
Kredyt Inkaso SA (KRI)	$88.24 Million	2.88%	0.43x	$61.76 Million
MW Trade S.A. (MWT)	$53.40 Million	16.88%	6.46x	$1.97 Million
PBS Finanse SA (PBF)	$12.38 Million	-68.40%	0.16x	$3.31 Million
Pragma Inkaso S.A. (PRI)	$50.97 Million	-24.27%	2.67x	$3.81 Million

About Kruk SA

WAR:KRU Poland Credit Services

Market Cap

$2.05 Billion

zł7.47 Billion PLN

Market Cap Rank

#6085 Global

#34 in Poland

Share Price

zł382.00

Change (1 day)

-0.96%

52-Week Range

zł382.00 - zł504.80

All Time High

zł504.80