PolEnergia S.A. (PEP) - Net Assets

Latest as of March 2026: zł4.46 Billion PLN ≈ $1.23 Billion USD

Based on the latest financial reports, PolEnergia S.A. (PEP) has net assets worth zł4.46 Billion PLN (≈ $1.23 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 (zł8.58 Billion ≈ $2.36 Billion USD) and total liabilities (zł4.12 Billion ≈ $1.13 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. Also explore PolEnergia S.A. balance sheet assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	zł4.46 Billion
% of Total Assets	51.98%
Annual Growth Rate	19.62%
5-Year Change	134.3%
10-Year Change	243.31%
Growth Volatility	35.31

PolEnergia S.A. - Net Assets Trend (2004–2025)

This chart illustrates how PolEnergia S.A.'s net assets have evolved over time, based on quarterly financial data. Check PolEnergia S.A. tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for PolEnergia S.A. (2004–2025)

The table below shows the annual net assets of PolEnergia S.A. from 2004 to 2025. For live valuation and market cap data, see PolEnergia S.A. market cap and net worth.

Year	Net Assets	Change
2025-12-31	zł4.35 Billion ≈ $1.20 Billion	+1.11%
2024-12-31	zł4.30 Billion ≈ $1.18 Billion	+7.65%
2023-12-31	zł4.00 Billion ≈ $1.10 Billion	+29.67%
2022-12-31	zł3.08 Billion ≈ $848.50 Million	+66.01%
2021-12-31	zł1.86 Billion ≈ $511.10 Million	+30.93%
2020-12-31	zł1.42 Billion ≈ $390.36 Million	+9.51%
2019-12-31	zł1.30 Billion ≈ $356.47 Million	+9.23%
2018-12-31	zł1.19 Billion ≈ $326.33 Million	+0.32%
2017-12-31	zł1.18 Billion ≈ $325.30 Million	-6.74%
2016-12-31	zł1.27 Billion ≈ $348.81 Million	-9.29%
2015-12-31	zł1.40 Billion ≈ $384.54 Million	+4.74%
2014-12-31	zł1.33 Billion ≈ $367.13 Million	+158.89%
2013-12-31	zł515.26 Million ≈ $141.81 Million	+0.71%
2012-12-31	zł511.63 Million ≈ $140.81 Million	+20.91%
2011-12-31	zł423.14 Million ≈ $116.45 Million	+39.05%
2010-12-31	zł304.32 Million ≈ $83.75 Million	+29.31%
2009-12-31	zł235.34 Million ≈ $64.77 Million	+29.77%
2008-12-31	zł181.35 Million ≈ $49.91 Million	+25.94%
2007-12-31	zł144.00 Million ≈ $39.63 Million	+34.90%
2006-12-31	zł106.74 Million ≈ $29.38 Million	-4.37%
2005-12-31	zł111.62 Million ≈ $30.72 Million	+10.38%
2004-12-31	zł101.12 Million ≈ $27.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to PolEnergia S.A.'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 2912.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	zł584.62 Million	13.44%
Other Components	zł3.77 Billion	86.56%
Total Equity	zł4.35 Billion	100.00%

PolEnergia S.A. Competitors by Market Cap

The table below lists competitors of PolEnergia S.A. ranked by their market capitalization.

Company	Market Cap
Wankai New Materials Co. Ltd. SHE:301216	$1.34 Billion
SkiStar AB (publ) ST:SKIS-B	$1.34 Billion
Digiwin Software Co Ltd SHE:300378	$1.34 Billion
Accelerant Holdings NYSE:ARX	$1.34 Billion
Indegene Ltd NSE:INDGN	$1.34 Billion
Top Glove Corporation Bhd KLSE:7113	$1.34 Billion
Champion Iron Ltd TO:CIA	$1.34 Billion
Home First Finance Company India Limited NSE:HOMEFIRST	$1.34 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,303,511,000 to 4,351,161,000, a change of 47,650,000 (1.1%).
Net loss of 124,568,000 reduced equity.
Other comprehensive income decreased equity by 1,127,515,000.
Other factors increased equity by 1,299,733,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	zł-124.57 Million	-2.86%
Other Comprehensive Income	zł-1.13 Billion	-25.91%
Other Changes	zł1.30 Billion	+29.87%
Total Change	zł-	1.11%

Book Value vs Market Value Analysis

This analysis compares PolEnergia S.A.'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: 1.12x
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 12.59x to 1.12x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	zł5.00	zł63.00	x
2005-12-31	zł5.45	zł63.00	x
2006-12-31	zł5.10	zł63.00	x
2007-12-31	zł6.92	zł63.00	x
2008-12-31	zł8.55	zł63.00	x
2009-12-31	zł10.91	zł63.00	x
2010-12-31	zł13.67	zł63.00	x
2011-12-31	zł18.01	zł63.00	x
2012-12-31	zł21.46	zł63.00	x
2013-12-31	zł21.62	zł63.00	x
2014-12-31	zł40.29	zł63.00	x
2015-12-31	zł27.02	zł63.00	x
2016-12-31	zł24.50	zł63.00	x
2017-12-31	zł22.85	zł63.00	x
2018-12-31	zł22.92	zł63.00	x
2019-12-31	zł25.52	zł63.00	x
2020-12-31	zł27.95	zł63.00	x
2021-12-31	zł35.92	zł63.00	x
2022-12-31	zł44.48	zł63.00	x
2023-12-31	zł58.45	zł63.00	x
2024-12-31	zł55.73	zł63.00	x
2025-12-31	zł56.35	zł63.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently PolEnergia S.A. 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): -2.86%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.95%
• Asset Turnover: 0.51x
• Equity Multiplier: 1.92x
Recent ROE (-2.86%) is below the historical average (7.96%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	6.58%	13.33%	0.15x	3.36x	zł-3.46 Million
2005	8.37%	15.29%	0.16x	3.40x	zł-1.82 Million
2006	0.49%	0.83%	0.15x	4.03x	zł-10.06 Million
2007	23.19%	35.76%	0.17x	3.73x	zł18.88 Million
2008	18.58%	34.85%	0.17x	3.13x	zł15.48 Million
2009	20.03%	44.21%	0.16x	2.84x	zł23.50 Million
2010	20.30%	34.99%	0.22x	2.68x	zł31.24 Million
2011	16.50%	47.22%	0.13x	2.76x	zł27.44 Million
2012	18.29%	70.84%	0.13x	2.01x	zł42.30 Million
2013	1.16%	4.27%	0.15x	1.85x	zł-45.46 Million
2014	2.35%	3.35%	0.34x	2.05x	zł-101.96 Million
2015	4.82%	2.43%	0.87x	2.29x	zł-72.26 Million
2016	-8.81%	-3.72%	1.01x	2.35x	zł-238.18 Million
2017	-7.43%	-3.18%	1.04x	2.26x	zł-205.83 Million
2018	0.29%	0.10%	1.13x	2.58x	zł-115.08 Million
2019	8.42%	4.20%	1.03x	1.95x	zł-20.42 Million
2020	7.80%	6.10%	0.60x	2.13x	zł-31.20 Million
2021	18.17%	8.44%	0.71x	3.02x	zł151.67 Million
2022	5.19%	2.26%	1.13x	2.03x	zł-148.39 Million
2023	6.59%	4.69%	0.84x	1.68x	zł-136.18 Million
2024	7.00%	6.97%	0.57x	1.77x	zł-129.19 Million
2025	-2.86%	-2.95%	0.51x	1.92x	zł-559.68 Million

Industry Comparison

This section compares PolEnergia S.A.'s net assets metrics with peer companies in the Utilities - Independent Power Producers industry.

Industry Context

Industry: Utilities - Independent Power Producers
Average net assets among peers: $340,883,333
Average return on equity (ROE) among peers: 13.84%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
PolEnergia S.A. (PEP)	zł4.46 Billion	6.58%	0.92x	$1.34 Billion
INTER RAO Lietuva AB (IRL)	$28.09 Million	51.07%	1.51x	$53.94 Million
MDI Energia S.A. (MDI)	$45.10 Million	13.86%	1.82x	$20.28 Million
Zespol Elektrowni Patnow Adamow Konin SA (ZEP)	$949.46 Million	-23.42%	2.03x	$245.06 Million

About PolEnergia S.A.

WAR:PEP Poland Utilities - Independent Power Producers

Market Cap

$1.34 Billion

zł4.86 Billion PLN

Market Cap Rank

#7555 Global

#39 in Poland

Share Price

zł63.00

Change (1 day)

+1.12%

52-Week Range

zł48.80 - zł63.30

All Time High

zł114.95