Overview
Ml System is a leader in building-integrated photovoltaics (BIPV) and manufactures photovoltaic roof tiles (PHOTONROOF) and facade panels (PHOTONWALL). The company focuses on advanced glass technologies and has recently been granted a patent related to the production of layered photovoltaic panels. Their projects include installations in various countries, such as medical clinics in Greece and office buildings in Germany.
Financials
The financial statement for 2025 has not yet been filed with the Financial Document Repository (past deadline).
Revenue history (in m)
Data and insights are generated automatically based on financial statements and may contain errors. This analysis is for informational purposes only and does not constitute an official assessment of the company's credibility or business advice.
Stock quotes
- Open
- PLN 13.46
- High
- PLN 13.48
- Low
- PLN 13.00
- Volume
- 7.44K
- Avg. vol.
- 11.42K
- Market cap
- PLN 98.17M
- P/E ratio
- —
- EPS
- -PLN 4.27
- Shares outstanding
- 7.38M
- 52-week
- PLN 12.92 – 14.20
- Dividend yield
- 1.50%
- Dividend
- PLN 0.20
- Ex dividend date
- Jun 28, 2019
- ISIN
- PLMLSTM00015
- Exchange
- GPW Main Market
Quarterly results
| Period | Revenue | EBIT | Net profit |
|---|---|---|---|
| Q1 2026 | USD 9.40m | USD -1.39m | USD -1.73m |
| Q4 2025 | USD 12.76m | USD 387.24k | USD -1.43m |
| Q3 2025 | USD 9.06m | USD -988.45k | USD -1.56m |
| Q2 2025 | USD 4.42m | USD -3.36m | USD -3.30m |
Results for Q3 2026:Nov 30, 2026
Statistics
How the company ranks by revenue within its industry, region and across Poland in 2024.
Results vs industry
News
PhotonWall Photovoltaic Facade for 200-Meter Skyscraper in New York
Visit of the Minister of Development and Technology at ML System. How Polish BIPV Technologies Conquer the Global Market?
Eco-Energy in the Heart of the Alps. How PhotonRoof Reconciled Strict Regulations with the Dream of a Green Home
Another Skyscraper with ML System Products
See Your New Roof with PhotonRoof Tiles
Bifacial Acoustic Screens – ML System Turns Viaducts in Munich into Power Plants
Industry
Bank accounts
Registered as a VAT taxpayer on 2007-02-27. Active
Bank Gospodarstwa Krajowego40 1130 1105 0005 2173 9920 0006
40 1600 1462 1829 7657 5000 0003- Bank Gospodarstwa Krajowego78 1130 1105 0005 2173 9920 0001
Debt
No entries in the National Debtors Register (KRZ). No proceedings in KRZ
Public aid
41 public aid cases recorded, with a total value of $49,007,195.
| Grant date | Purpose | Gross amount | Granting body | |
|---|---|---|---|---|
| Jun 11, 2026 | De minimis aid (in accordance with Commission Regulation 2023/2831) | $13,421$13,421 | Prezes Zakładu Ubezpieczeń Społecznych | |
| May 13, 2026 | De minimis aid (in accordance with Commission Regulation 2023/2831) | $8,274$8,274 | Prezes Zakładu Ubezpieczeń Społecznych | |
| Mar 17, 2026 | De minimis aid (in accordance with Commission Regulation 2023/2831) | $6,403$6,403 | Prezes Zakładu Ubezpieczeń Społecznych |
European Funds
8 projects recorded: 7 from FE lists ($28,752,535) and 1 Commission grant (FTS) ($55,488).
| Start | Project | EU co-financing | Programme | |
|---|---|---|---|---|
| 2021-06-01 | QDrive – innowacyjne szkło aktywne dla branży automotive | $3.2M$3,152,988 | Program Operacyjny Inteligentny Rozwój | |
| 2020-08-01 | Zastosowanie struktur niskowymiarowych dla poszerzenia spektrum absorpcji i zwiększenia wydajności krzemowych ogniw w architekturze IBC lub BIFACIAL | $6.6M$6,607,438 | Program Operacyjny Inteligentny Rozwój | |
| 2019-09-15 | Quantum Glass – cienkowarstwowy konwerter promieniowania elektromagnetycznego | $5.1M$5,121,699 | Program Operacyjny Inteligentny Rozwój |
Tenders
6 tenders recorded as contractor, with a total value of $4,082,196, and 1 as contracting authority.
| Publication date | Subject | Amount | Contracting authority | |
|---|---|---|---|---|
| Dec 29, 2022 | Postępowanie 10/2022 – Przebudowa i termomodernizacja budynków Zespołu Państwowych Szkół Muzycznych im. Artura Malawskiego w Przemyślu - zamówienie uzupełniające nr 4 | $172.9K$172,948 | Centrum Edukacji Artystycznej | |
| Oct 29, 2022 | Postępowanie 9/2022 – Przebudowa i termomodernizacja budynków Zespołu Państwowych Szkół Muzycznych im. Artura Malawskiego w Przemyślu - zamówienie uzupełniające nr 3 | $41,258$41,258 | Centrum Edukacji Artystycznej | |
| Jul 18, 2022 | Zaprojektuj i wybuduj dla zadania pn. Budowa farmy fotowoltaicznej na terenie Szpitala Wojewódzkiego w Poznaniu | $1.9M$1,860,442 | Szpital Wojewódzki w Poznaniu |
Authorized Representatives
Manner of representation
The following are authorized to submit declarations of will on behalf of the company and to represent it: 1. in the case of a one-person management board – the member (President) of the Management Board independently; 2. in the case of a multi-member management board: a. the President of the Management Board independently; b. two members of the management board acting jointly; c. a member of the management board jointly with a commercial proxy.
Supervisory board
Beneficial owners
No beneficial owners recorded for the company ML System.
Subsidiaries
| Name | Share value | Stake | ||
|---|---|---|---|---|
ML Bipvsp. z o.o. | 27,012.43 USD | 100% | ||
ML System+sp. z o.o. | 27,012.43 USD | 50% | ||
Photonwallsp. z o.o. | 13,506.21 USD | 100% |
Competitors
| Name | Revenue | Website | ||
|---|---|---|---|---|
| Vision Express Spsp. z o.o. | $199,631,135.87 | visionexpress.pl | ||
| Pilkington Igpsp. z o.o. | $163,614,579.86 | pilkington.com | ||
| EffectorS.A. | $87,830,172.74 | effector.pl | ||
| BohametS.A. | $45,766,127.21 | bohamet.pl | ||
| Convex-Glasssp. z o.o. | $26,801,961.85 | convexglass.pl | ||
| Q4glasssp. z o.o. | $16,236,051.88 | q4glass.pl | ||
| Dubiel Vitrumsp. z o.o. | $15,387,240.84 | dubielvitrum.pl | ||
| Vitroterm-MurówS.A. | $12,041,492.30 | vitroterm.pl | ||
| Alastasp. z o.o. | $6,187,097.95 | alasta.pl | ||
| Vitroformsp. z o.o. | $5,993,531.31 | vitroform.pl |
Change history
| Date | Event | |
|---|---|---|
| 2023-06-14 | Share capital change (6,484,243.00 PLN → 7,381,091.00 PLN) | |
| 2021-12-13 | Share capital change (6,379,999.00 PLN → 6,484,243.00 PLN) | |
| 2020-11-27 | PKD change (Removed: 23.11.Z) | |
| 2020-08-12 | Share capital change (5,650,000.00 PLN → 6,379,999.00 PLN) | |
| 2018-06-15 | Share capital change (4,368,132.00 PLN → 5,650,000.00 PLN) |
FAQ
Last updated: 2026-09-30