Professional Polish Investment Research - Expert Analysis for Foreign Investors

Cyber_Folks S.A.

CBF.WA Information Technology
hosting domains e-commerce saas subscription-model recurring-revenue m-and-a
909.9M LTM Revenue (PLN)
+28.7% Revenue Growth (YoY)
2,969 PLN m Market Cap
51.0x P/E (LTM)
11.7x EV/EBITDA (LTM)

Company Overview

Cyber_Folks S.A. is a Polish-listed technology group specializing in hosting services, internet domains, SaaS e-commerce platforms and digital communication tools. The Group serves primarily SMEs and online merchants, generating highly recurring subscription revenues. Cyber_Folks follows a roll-up strategy in digital services, combining strong organic growth with disciplined M&A. Key assets include hosting and domain services, Vercom (CPaaS and messaging), SaaS e-commerce tools, and strategic control of Shoper S.A.

Business Segments

  • Hosting & Domains – shared hosting, cloud hosting, managed services and domain registration for SMEs
  • E-commerce SaaS – website and online store builders (_Stores, _Now), integrations and supporting tools
  • CPaaS & Messaging – Vercom segment including email, SMS and RCS communication platforms
  • E-commerce Platforms – strategic control and consolidation of Shoper S.A.

Key Drivers

  • Highly recurring subscription revenues with low churn
  • ARPU expansion via upselling of higher-value hosting and SaaS services
  • Cross-selling synergies across hosting, e-commerce and messaging platforms
  • Active M&A strategy in hosting and e-commerce software
  • Growing digitalization of SMEs in Central & Eastern Europe

Key Risks

  • Integration risk from multiple concurrent acquisitions
  • Higher leverage following large-scale acquisitions such as Shoper
  • Competitive pressure from global hosting and SaaS platforms
  • Temporary margin pressure from increased interest costs
  • Execution risk in international expansion

What to Watch

  • Realization of synergies from the Shoper acquisition
  • Net debt / EBITDA trajectory post-acquisition
  • Growth of SaaS e-commerce products (_Stores, _Now)
  • Further M&A announcements in hosting or e-commerce
  • Dividend policy balance versus acquisition financing

Foundational Analysis

Foundational Analysis v1.0 Last updated: 2025-03-31

Business Model

Cyber_Folks operates a subscription-based model focused on hosting, domains and SaaS services for online businesses. Revenues are largely recurring, with high customer lifetime value and predictable cash flows. The Group complements organic growth with acquisitions that can be efficiently integrated into its platform.

Competitive Positioning

Market leader in Poland in hosting and a rapidly expanding player in CEE e-commerce infrastructure. Competitive advantages include scale, pricing power in SME segments, strong brand recognition, and an experienced M&A-driven management team.

Economics & Capital Allocation

Strong EBITDA generation and cash conversion driven by recurring revenues. IFRS net profit is volatile due to acquisition-related amortization, goodwill impairments and one-off transaction effects. Underlying operating profitability remains robust.

Capital allocation prioritizes acquisitions and organic product development, while maintaining shareholder returns through dividends and selective share buybacks. Debt financing is the primary tool for large acquisitions, with equity issuance treated as optional.

Long-term Risks

Overextension through acquisitions, sustained increase in financing costs, slower SME formation in economic downturns, and rising competition from global SaaS platforms.

What Would Break the Thesis

  • Failure to extract synergies from Shoper and future acquisitions
  • Structural decline in SME demand for hosting and e-commerce tools
  • Loss of pricing power in core hosting services
  • Excessive leverage limiting strategic flexibility

Full Company Analysis

Cyber_Folks S.A. — Full Analysis

In-depth research for Cyber_Folks S.A. — the complete foundational analysis, valuation scenarios, and investment thesis, with live financials and charts that stay up to date.

Subscribe to Read

All analyses, online — cancel anytime

Contracts Intelligence

Currency Note: All amounts in PLN. Foreign currency contracts converted at announcement date rates.

Contract 2026 Q1 2026 Q2 Total
Total Revenue per Quarter 463,487,263.61 - 463,487,263.61
Placement Agreement for Accelerated Bookbuilding (ABB) of Vercom Shares
View Source 2026-06-01 - None
- - -
Sale of 100% shares in PrestaShop SA
View Source 2026-02-18 - None
227,458,463.61 - 227,458,463.61
Investment Agreement and Shareholders' Agreement for Pixel (Investment and SHA)
View Source 2026-02-18 - None
236,028,800.00 - 236,028,800.00

AI-Generated Revenue Allocation: Revenue allocations follow IFRS 15 principles with AI-derived timing assumptions. Verify with official financial statements.

Financial Performance

Quarterly Data

Click a metric row to chart it below. Click a second row to overlay it on a dual axis; click a selected row again to remove it.

Metric 2023Q2 2023Q3 2023Q4 2024Q1 2024Q2 2024Q3 2024Q4 2025Q1 2025Q2 2025Q3 2025Q4 2026Q1
Income Statement Revenue (Quarterly) 116.8M -107.1M 359.8M 144.1M 154.4M 185.4M 173.2M 190.5M 212.0M 215.9M 236.7M 245.3M
Income Statement Gross Profit (Quarterly) 0 0 0 0 63.5M 0 -63.5M 0 0 201.9M -201.9M 0
Income Statement EBITDA (Quarterly) 33.1M -29.3M 105.9M 38.8M 41.5M 45.7M 46.7M 56.8M 68.8M 70.0M 77.5M 79.3M
Income Statement EBIT (Quarterly) 25.2M -22.0M 77.4M 30.8M 33.1M 32.3M 38.2M 42.9M 50.9M 52.1M 61.2M 62.9M
Income Statement Net Income (Quarterly) 19.7M -16.9M 70.6M 24.2M 27.2M 70.4M 32.6M 27.8M 27.9M 28.1M 44.0M 41.2M
Costs Selling & Distribution Costs 0 0 0 0 0 0 0 0 0 0 0 0
Costs Administrative Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Costs Administrative Expenses (LTM) - 0 0 0 0 0 0 0 0 0 0 0
Cash Flow Operating Cash Flow 22.7M 35.1M 43.1M 42.4M 37.8M 48.5M 58.8M 49.5M 57.5M 65.3M 88.9M 64.3M
Cash Flow Capital Expenditure -2.4M 7.7M -17.7M -6.1M -5.5M -6.7M -14.8M -10.1M -10.0M -9.7M -11.2M -13.0M
Cash Flow Free Cash Flow 20.3M 42.8M 25.4M 36.2M 32.3M 41.8M 44.0M 39.4M 47.5M 55.6M 77.7M 51.3M
Cash Flow Depreciation & Amortization 7.9M 8.2M 9.1M 8.0M 8.3M 8.8M 9.3M 14.0M 18.0M 17.9M 16.3M 16.4M
LTM Metrics Revenue (LTM) - 512.3M 479.9M 513.5M 551.1M 843.7M 657.0M 703.4M 761.1M 791.6M 855.2M 909.9M
LTM Metrics EBITDA (LTM) - 138.9M 141.3M 148.6M 157.0M 232.0M 172.8M 190.8M 218.1M 242.4M 273.2M 295.6M
LTM Metrics Net Income (LTM) - 57.0M 87.4M 97.5M 105.0M 192.4M 154.4M 158.0M 158.7M 116.4M 127.8M 141.2M
LTM Metrics Net Profit Attributable (LTM) - 57.0M 87.4M 97.5M 105.0M 192.4M 154.4M 158.0M 158.7M 116.4M 63.1M 58.2M
LTM Metrics Operating Cash Flow (LTM) - 191.0M 136.9M 143.3M 158.4M 171.8M 187.5M 194.6M 214.3M 231.1M 261.2M 276.0M
Profitability Gross Margin 0.0% 0.0% 0.0% 0.0% 41.2% 0.0% -36.7% 0.0% 0.0% 93.5% -85.3% 0.0%
Profitability EBITDA Margin 28.4% 27.3% 29.4% 26.9% 26.9% 24.6% 27.0% 29.8% 32.4% 32.4% 32.8% 32.3%
Profitability EBIT Margin 21.6% 20.6% 21.5% 21.4% 21.4% 17.4% 22.1% 22.5% 24.0% 24.1% 25.9% 25.6%
Profitability Net Margin 16.8% 15.8% 19.6% 16.8% 17.6% 38.0% 18.8% 14.6% 13.2% 13.0% 18.6% 16.8%
Profitability ROIC 13.1% 10.2% 10.5% 11.5% 13.2% 18.6% 11.6% 10.6% 9.8% 9.4% 9.5% 10.5%
Profitability Cash Conversion 115.0% -207.0% 61.0% 175.0% 139.0% 69.0% 181.0% 178.0% 206.0% 232.0% 202.0% 156.0%
Balance Sheet Current Assets 107.9M 103.7M 110.3M 138.3M 147.8M 227.7M 239.9M 246.0M 207.5M 394.8M 426.5M 242.4M
Balance Sheet Current Liabilities 186.8M 164.3M 172.9M 191.4M 192.1M 210.0M 200.4M 270.9M 295.3M 281.6M 350.3M 389.6M
Balance Sheet Inventories 191.0K 149.0K 0 0 0 0 0 0 0 0 0 0
Balance Sheet Trade Receivables 32.5M 32.5M 35.4M 46.7M 48.3M 74.7M 51.9M 50.8M 52.9M 51.2M 63.3M 67.3M
Balance Sheet Trade Payables 35.7M 38.0M 42.0M 54.1M 57.6M 85.2M 63.8M 59.0M 58.8M 56.3M 63.9M 79.9M
Balance Sheet Total Equity 386.6M 423.9M 424.7M 452.7M 444.4M 491.8M 546.8M 627.6M 573.4M 794.0M 821.1M 950.3M
Balance Sheet Total Debt 426.0M 395.0M 366.0M 373.6M 364.9M 330.3M 353.5M 884.6M 908.3M 874.8M 972.3M 635.0M
Balance Sheet Cash & Equivalents 68.8M 54.2M 70.3M 86.5M 59.3M 148.3M 142.9M 185.5M 143.9M 256.9M 351.0M 146.5M
Balance Sheet Invested Capital 743.9M 764.7M 720.3M 739.9M 750.0M 673.9M 757.4M 1.3B 1.3B 1.4B 1.4B 1.4B
Balance Sheet Net Working Capital -3.0M -5.4M -6.5M -7.4M -9.3M -10.5M -11.9M -8.2M -5.9M -5.1M -643.0K -12.7M
Ratios Current Ratio 0.58 0.63 0.64 0.72 0.77 1.08 1.20 0.91 0.70 1.40 1.22 0.62
Ratios Net Working Capital to Revenue -0.03 0.05 -0.02 -0.05 -0.06 -0.06 -0.07 -0.04 -0.03 -0.02 0.00 -0.05
Ratios Administrative Expenses as % of Revenue - 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Ratios Days Inventory Outstanding (DIO) 0.10 0.10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Ratios Days Sales Outstanding (DSO) 19 23 27 33 32 32 29 26 25 24 27 27
Ratios Days Payables Outstanding (DPO) 21 27 32 38 38 37 35 31 28 26 27 32
Ratios Cash Conversion Cycle (days) -1.80 -3.80 -5.00 -5.30 -6.20 -4.50 -6.60 -4.30 -2.80 -2.30 -0.30 -5.10

Revenue (Quarterly) - Visual Analysis

Revenue (Quarterly) (PLN)
Growth Rates (QoQ% and YoY%)
Quarter-over-Quarter Year-over-Year

Data Source: Financial data sourced from company filings and periodic reports. Values in PLN. Margins and ratios stored as decimals converted to percentages for display.

Recent News & Developments

Sentiment Analysis (Last 6 Months)
Positive 71%
Neutral 25%
Negative 4%

Based on 24 articles

2026-07-02
ESPI positive

Cyber_Folks S.A. Announces Merger with Shoper S.A. to Strengthen Digital Services Portfolio

Cyber_Folks S.A. (CBF.WSE), a leading Polish technology group specializing in digital infrastructure and online business solutions, has announced its intention to merge with Shoper S.A., a prominent SaaS e-commerce platform provider. The merger will be executed through the transfer of all assets of Shoper S.A. to Cyber_Folks S.A., in accordance with Article 492 § 1 point 1 of the Polish Commercial Companies Code. As part of the merger, Cyber_Folks will issue new shares to Shoper's shareholders, effectively consolidating the two companies.

The merger plan, which was approved by the management boards of both companies on May 20, 2026, is now publicly available on their respective websites. Shareholders of both entities have been notified, and the merger is subject to approval during their upcoming general meetings. The integration is expected to enhance Cyber_Folks' capabilities in the e-commerce sector, leveraging Shoper's expertise in online store creation and management.

For more details, the merger plan and related documents can be accessed on the official websites of Cyber_Folks S.A. and Shoper S.A..

Relevance to Cyber_Folks S.A.: This merger aligns with Cyber_Folks' strategic focus on expanding its e-commerce platform segment and strengthening its position in the digital services market, particularly through its significant stake in Shoper S.A.

View source
2026-07-01
Biznes PAP positive

Cyber_Folks Strengthens Control Over Vercom Through Strategic Agreement and Share Acquisition

Cyber_Folks S.A. (ticker: CBF.WSE) has announced a strategic agreement with Krzysztof Szyszka, CEO of Vercom, and Adam Lewkowicz, a board member of Vercom, to jointly vote on key matters at Vercom's General Meeting of Shareholders. The agreement includes preemptive rights for share transactions among its members, ensuring consolidated decision-making. Together, the participants of the agreement control approximately 41% of Vercom's shares and voting rights.

Additionally, Cyber_Folks acquired nearly 253,000 shares of Vercom from Szyszka and Lewkowicz at a price of PLN 118.5 per share, amounting to a total value of approximately PLN 30 million. This move reinforces Cyber_Folks' position as the largest shareholder of Vercom and aligns with its long-term vision for the company's growth.

Robert Stasik, Vice President of Cyber_Folks, emphasized the strategic importance of the acquisition and agreement, stating, "We believe in the growth potential of Vercom, the expertise of its management team, and its business model. This transaction and agreement ensure continued ownership control and full consolidation of Vercom's results."

Earlier in June 2026, Cyber_Folks raised over PLN 500 million through the sale of 4,340,405 Vercom shares in an accelerated book-building process. The funds will be utilized for future acquisitions while maintaining control over Vercom, a key entity within Cyber_Folks' ecosystem.

Relevance: This article highlights Cyber_Folks' strategic maneuvers to strengthen its control over Vercom, a core segment of its omnichannel communications business, aligning with its corporate profile and growth strategy.

View source
2026-06-23
ESPI positive

Cyber_Folks S.A. Announces New Management Appointments Amid Strategic Integration with Shoper S.A.

On June 23, 2026, the Supervisory Board of Cyber_Folks S.A. (CBF.WSE), a leading Polish technology group specializing in digital infrastructure and online business solutions, announced significant changes to its management team. The appointments are part of the company’s ongoing strategic initiatives, including its planned merger with Shoper S.A., a prominent e-commerce SaaS platform in which Cyber_Folks holds a 49.9% stake.

Effective July 1, 2026, Mr. Łukasz Piecuch, the current Chief Technology Officer (CTO) of Cyber_Folks, will join the Management Board. Mr. Piecuch has been instrumental in driving the technological advancements of the group, including the development of AI-based solutions such as the cyber_Mind platform and robo_Folks, an AI assistant for hosting operations. His extensive experience in hosting and digital infrastructure, including founding the premium hosting company Futurehost, positions him as a key player in the company’s growth strategy.

Additionally, Mr. Paweł Lewkowicz and Mr. Patryk Pawlikowski will join the Management Board effective October 1, 2026, contingent upon the successful merger with Shoper S.A. Both executives bring a wealth of experience in e-commerce and digital product development. Mr. Lewkowicz, currently a member of Shoper’s Management Board, has a strong background in omnichannel strategies and e-commerce growth, having held leadership roles at MODIVO S.A. and Domodi Group. Mr. Pawlikowski, also a member of Shoper’s Management Board, is a seasoned expert in e-commerce and FinTech, with a track record of scaling platforms like Shoplo and leading global payment strategies at Docplanner Group and SumUp GmbH.

The company confirmed that none of the newly appointed board members are engaged in activities competitive to Cyber_Folks S.A. and that they meet all regulatory requirements for their new roles.

These appointments underscore Cyber_Folks’ commitment to strengthening its leadership team as it prepares for the integration with Shoper S.A., a move that aligns with its strategic focus on expanding its e-commerce and digital solutions portfolio.

Relevance to Cyber_Folks S.A.: This article is relevant to Cyber_Folks S.A. as it highlights key leadership changes and strategic developments, including the planned merger with Shoper S.A., which directly aligns with the company’s focus on e-commerce platforms and digital infrastructure expansion.

View source
2026-06-18
ESPI neutral

Correction Issued for Report on Planned Merger Between Cyber_Folks S.A. and Shoper S.A.

Shoper S.A. has announced a correction to its recent regulatory filing regarding the planned merger with Cyber_Folks S.A. The company clarified that the current report issued on June 17, 2026, was mistakenly assigned the wrong report number. The correct number for the report, which pertains to the first notification of the intended merger between the two companies, is 16/2026. The content of the report remains unchanged, and the next report will be numbered 17/2026. This correction was made in compliance with the legal requirements outlined in RMF GPW § 16 ust. 2.

Relevance to Cyber_Folks S.A.: This announcement is directly relevant to Cyber_Folks S.A. as it pertains to the planned merger with Shoper S.A., a key strategic move that aligns with Cyber_Folks' focus on expanding its e-commerce platform segment.

View source
2026-06-17
ESPI positive

Cyber_Folks S.A. Announces Extraordinary General Meeting to Approve Key Strategic Decisions

Cyber_Folks S.A. (CBF.WSE), a leading Polish technology group specializing in digital infrastructure and online business solutions, has scheduled an Extraordinary General Meeting (EGM) for July 20, 2026, at its headquarters in Poznań. The meeting will address several critical resolutions, including the establishment of a new incentive program, the issuance of subscription warrants, a conditional increase in share capital, and the merger with Shoper S.A., a prominent e-commerce platform provider.

The proposed incentive program aims to enhance the company's value, strengthen ties with key personnel, and motivate management and employees to achieve strategic goals. The program includes the issuance of up to 542,000 subscription warrants and 60,000 existing shares, with a conditional capital increase of PLN 10,840 to issue new shares under the program. The warrants will be offered to selected participants, including board members and key employees, with the goal of fostering long-term commitment and performance.

Another significant agenda item is the merger with Shoper S.A., a company in which Cyber_Folks already holds a 49.9% stake. The merger will involve transferring all assets of Shoper S.A. to Cyber_Folks S.A. in exchange for newly issued shares of Cyber_Folks. This strategic move is expected to strengthen the company's position in the e-commerce sector and enhance its growth potential.

The EGM will also deliberate on amendments to the company's statutes to reflect the proposed changes, including the increase in share capital and the issuance of new shares. The resolutions are seen as pivotal steps in Cyber_Folks' strategy to consolidate its market position and drive future growth.

Relevance to Cyber_Folks S.A.: The article is directly relevant as it outlines key strategic initiatives, including the merger with Shoper S.A. and the establishment of an incentive program, which align with Cyber_Folks' focus on digital infrastructure, e-commerce platforms, and corporate growth strategies.

View source
2026-06-17
ESPI positive

Cyber_Folks S.A. Announces Merger with Shoper S.A. to Strengthen Digital Services Portfolio

Cyber_Folks S.A. (CBF.WSE), a leading Polish technology group specializing in digital infrastructure and online business solutions, has officially announced its intention to merge with Shoper S.A., a prominent e-commerce platform provider. The merger will be executed through the transfer of all assets of Shoper S.A. to Cyber_Folks S.A., in accordance with Article 492 § 1 point 1 of the Polish Commercial Companies Code. As part of the merger, Cyber_Folks S.A. will issue new shares to Shoper S.A.'s shareholders, effectively increasing its share capital.

The merger plan, approved by the management boards of both companies on May 20, 2026, has been made publicly available on the official websites of Cyber_Folks S.A. (link) and Shoper S.A. (link). The documentation will remain accessible until the conclusion of the general meetings of both companies, where resolutions regarding the merger will be discussed and voted upon.

This strategic move is expected to consolidate Cyber_Folks S.A.'s position in the digital services market, particularly in the e-commerce sector, where Shoper S.A. has been a key player. The merger aligns with Cyber_Folks S.A.'s long-term vision of expanding its integrated offerings across hosting, omnichannel communication, and e-commerce platforms.

Relevance to Cyber_Folks S.A.: The merger with Shoper S.A. directly aligns with Cyber_Folks S.A.'s business focus on e-commerce platforms and digital infrastructure, further strengthening its market position and service portfolio in Poland and the CEE region.

View source
2026-06-08
Biznes PAP positive
```html

Cyber_Folks S.A. Completes Sale of Vercom S.A. Shares for PLN 520.8 Million

On June 2, 2026, Cyber_Folks S.A. finalized the sale of 4,340,305 shares in Vercom S.A., a leading provider of cloud-based Communication Platform as a Service (CPaaS) solutions. The transaction was conducted through an accelerated book-building process (ABB) in collaboration with WOOD & Company Financial Services, mBank S.A., Pekao Investment Banking S.A., and Bank Polska Kasa Opieki S.A. The agreed sale price was PLN 120 per share, resulting in a total transaction value of PLN 520,836,600. This marks a significant financial milestone for Cyber_Folks S.A., further strengthening its position in the digital infrastructure and online services market.

Relevance to Cyber_Folks S.A.: This transaction directly relates to Cyber_Folks S.A.'s strategic focus on its CPaaS segment, represented by Vercom S.A., and highlights its role in the digital infrastructure and omnichannel communication platforms sector.

```
View source
2026-06-01
Biznes PAP neutral

CyberFolks S.A. Announces Sale of Vercom Shares to Fund Strategic Growth

CyberFolks S.A. (ticker: CBF.WSE) has announced plans to sell up to 4,340,405 shares of Vercom S.A., representing no more than 19.53% of Vercom's share capital, through an accelerated book-building (ABB) process. The company has partnered with mBank, Wood & Company Financial Services, Pekao Investment Banking, and Bank Polska Kasa Opieki Biuro Maklerskie Pekao to facilitate the transaction.

According to CyberFolks, the final number of shares and their price will be determined by the company's management in collaboration with the offering managers, based on ABB results. If all shares are sold, CyberFolks will retain a 30% stake in Vercom, ensuring its strategic investor status and the ability to appoint two supervisory board members at Vercom.

The proceeds from the sale will be allocated to support CyberFolks' continued growth, with a focus on acquisitions and expanding its business operations. The company emphasized its commitment to Vercom's development and maintaining a strategic relationship with the cloud CPaaS platform provider.

The ABB process will commence immediately and may be adjusted, suspended, or canceled at any time, as per CyberFolks' discretion.

Relevance: This article is relevant to CyberFolks S.A.'s business profile as it highlights strategic financial decisions related to its omnichannel communications segment, Vercom S.A., and its plans for further acquisitions and growth in the digital infrastructure sector.

View source
2026-05-21
Biznes PAP positive

Cyber_Folks and Shoper Announce Merger Plan with Capital Increase

Cyber_Folks S.A. and Shoper S.A. have unveiled a merger plan under which Shoper's assets will be transferred to Cyber_Folks. As part of the agreement, Cyber_Folks will increase its share capital through the issuance of 3,215,165 series F shares, which will be allocated to Shoper's shareholders. The companies disclosed these details in official statements, marking a significant step in their strategic collaboration.

The merger aligns with Cyber_Folks' strategy to strengthen its position in the e-commerce and digital infrastructure sectors, leveraging Shoper's SaaS platform expertise to enhance its service offerings.

View source
2026-05-21
ESPI positive

Cyber_Folks S.A. Announces Merger with Shoper S.A. to Strengthen Digital Infrastructure and E-commerce Offerings

Cyber_Folks S.A. (ticker: CBF.WSE), a leading Polish technology group specializing in digital infrastructure and online business solutions, has announced its merger with Shoper S.A., a prominent SaaS e-commerce platform provider. The merger, approved on May 20, 2026, will be executed through the transfer of all assets and liabilities of Shoper S.A. to Cyber_Folks S.A., in accordance with Article 492 § 1 of the Polish Commercial Companies Code.

As part of the merger, Cyber_Folks S.A. will issue 3,215,165 new Series F shares, increasing its share capital by PLN 64,303.30. These shares will be allocated to Shoper S.A.'s shareholders based on an exchange ratio of 0.2281 Cyber_Folks shares for each Shoper share. The valuation of both companies was determined using the volume-weighted average price of their shares over the last three months. Cyber_Folks S.A. was valued at PLN 2.75 billion, with an average share price of PLN 179.54, while Shoper S.A. was valued at PLN 1.15 billion, with an average share price of PLN 40.97.

The merger aims to consolidate the strengths of both companies, enhancing their capabilities in hosting, domains, omnichannel communications, and e-commerce platforms. The newly issued shares will be listed on the Warsaw Stock Exchange (GPW) following the completion of the merger. The merger is expected to streamline operations, expand market reach, and create a more robust digital ecosystem for small and medium-sized enterprises (SMEs).

Cyber_Folks S.A. already owns 14,039,145 shares of Shoper S.A., which will not participate in the merger. The remaining shares will be exchanged, and any fractional shares will be compensated with cash payments. The merger is subject to regulatory approvals and the publication of a disclosure document as per EU regulations.

Relevance to Cyber_Folks S.A. Business Profile

This article is relevant to Cyber_Folks S.A. as it highlights a significant merger with Shoper S.A., a key player in the e-commerce SaaS platform sector, aligning with Cyber_Folks' strategic focus on digital infrastructure, online business solutions, and e-commerce platforms.

View source

2026 EPS Estimates

No EPS estimates available for this company yet.

Key Metrics

Company-specific performance indicators tailored to Cyber_Folks S.A.'s business model.

ARPU (domains) (PLN)
ARPU (Hosting & e-commerce) (PLN)
Cyber_folks customers no. (domains)
Cyber_folks customers no. (hosting & e-commerce) (customers)

Data Source: Key metrics are extracted from company disclosures, periodic reports, and management commentary.

Periodic Report Publication Calendar

FY 2026 Last updated: 2026-04-28
Quarter Publication date
Q1 2026-05-19
H1 2026-09-02
Q3 2026-11-16

View source ESPI report

FY 2025 Last updated: 2026-04-28
Quarter Publication date
FY 2026-03-18

View source ESPI report

Schedule reflects the most recent ESPI announcement for each fiscal year. Past publication dates are shown in grey.