The Management Board of Text S.A. (“Company”) informs that on June 27, 2025, it adopted a resolution regarding the distribution of net profit for the financial year from April 1, 2024, to March 31, 2025.
Pursuant to it, the Management Board will propose to the Ordinary General Meeting the following distribution of Text S.A. standalone profit, which amounted to 163 704 034,57 zł PLN in the financial year 2024/2025:
- to allocate PLN 7,659,034.57 to top up the reserve capital
- to allocate PLN 156,045,000.00 for the payment of dividends to shareholders, which means that the value of the dividend per share will be PLN 6.06
- taking into account advance payments for dividends for the financial year 2024/2025, i.e., advance payments in the amount of PLN 42,745,500, paid by the Company pursuant to the resolution of the Management Board of November 29, 2024, and advance payments in the amount of PLN 38,882,500, which is planned to be paid on July 30, 2025 based on the resolution of the Management Board of 27 June 2025, the outstanding dividend for the financial year 2024/2025 will be paid to shareholders in the total amount of PLN 74,417,500 i.e., PLN 2.89 per share.
- The dividend will be distributed among 25,750,000 shares of the Company.
- Planned Dividend Day and the planned payment date will be indicated in the draft resolution of the Annual General Meeting
The Management Board upholds the dividend policy, which assumes allocating the highest possible part of the profit to payment to shareholders unless there are investment opportunities that would provide the Company and shareholders with a higher rate of return than the dividend payment.
As in the previous years, the above recommendation of profit distribution results from the provisions of the Code of Commercial Companies (CCC), according to which: “In the event that the costs of development works classified as company assets have not been written off completely, no profit may be distributed corresponding to the equivalent of the amount of unwritten work costs development, unless the amount of reserve and supplementary capital available for distribution and profits from previous years is at least equal to the amount of non-written costs.”