Comp stock secures PLN 100 million SAFE credit

Published on 10/08/2026 at 04:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Comp stock posted PLN 465.9 million in first-half 2026 revenue, up 31 percent year over year. Two analysts set a PLN 93.75 average target.

Comp, PLCMP0000017, Illustration mit AI erstellt.

Comp (ISIN PLCMP0000017) secured PLN 100 million of revolving credit for SAFE contracts on October 7, 2026. As Parkiet reported on October 7, 2026, the revolving facility will finance and refinance up to 100 percent of Enigma's gross obligations under the contracts. A second PLN 50 million tranche is scheduled for the period beginning May 31, 2027.

SAFE funding reaches PLN 150 million

The credit agreement gives Enigma, Comp's subsidiary, PLN 100 million through May 30, 2027, followed by PLN 50 million through May 31, 2028. A separate framework provides bank guarantees for advance-payment refunds up to PLN 100 million from October 5, 2026, through September 30, 2030, according to Parkiet. Comp also issued two patronage statements supporting the arrangements.

The financing is tied to contracts awarded under the SAFE program. It expands the funding structure around a security and defense-related order pipeline, but the filing also says Comp could be required to provide financial support if Enigma's position deteriorates or the agreements are breached.

Half-year revenue rises 31 percent

Comp reported PLN 465.9 million of revenue for the first half of 2026, versus PLN 355.5 million a year earlier, while net income attributable to the parent rose to PLN 41.1 million from PLN 35.6 million. PAP MediaRoom published the figures for the half-year report on September 28, 2026.

The second-quarter comparison was more mixed. Revenue of PLN 252.0 million exceeded the PLN 216.1 million consensus by 17 percent, and EBITDA of PLN 46.0 million came in 2.3 percent above the PLN 44.9 million estimate, but net income of PLN 23.5 million was 5.0 percent below the PLN 24.7 million consensus, according to Bankier.pl on September 28, 2026.

Consensus target trails latest quote

The analyst consensus is Buy, based on two analysts, with an average 12-month target of PLN 93.75. The published targets range from PLN 75 to PLN 113, according to Investing.com. The average target sits below the latest PLN 96.70 quote, making execution of the SAFE contracts more important than a broad valuation rerating for the near-term case.

Stock remains below yearly high

Comp stock was last at PLN 96.70 on GPW on October 7, 2026, at 4:59 p.m. CEST, down 0.21 percent on the session. The stock's 52-week range was PLN 50.20 to PLN 103.60, while market capitalization stood at PLN 396.6 million and volume reached 3,654 shares on the same date.