What is the main business of Polska Wytwórnia Papierów Wartościowych?

The main business activity of Polska Wytwórnia Papierów Wartościowych focuses on other printing.

When was the company founded?

The company was registered in the Polish National Court Register (KRS) on November 23, 2001.

Where is the headquarters located?

The headquarters is located at: ul. Romana Sanguszki 1, 00-222 Warszawa.

Who is on the management board?

The management board consists of: Hubert Marek Meronk (Member of the Management Board), Małgorzata Iwona Wyszyńska (Member of the Management Board), Jacek Trabczyński (Member of the Management Board), and Zygmunt Kostkiewicz (President of the Management Board).

What is the share capital?

The share capital of the company is PLN 130,650,380 (approx. $35.3 million).

What period do the latest financial data cover?

The latest available financial statement covers the period from January 1, 2024 to December 31, 2024.

How much revenue was generated?

In 2024, the company generated total revenue of $273,002,660, representing an increase of 4.5% compared to 2023.

Yes, in 2024 the company was profitable, achieving a net profit of $31,925,366, meaning the company increased its profit by 12.3%.

Which cost dominates operating expenses?

The largest operating cost category falls under materials and energy. This category amounted to $140,216,221 in 2024, representing 63% of all operating expenses.

Polska Wytwórnia Papierów WartościowychS.A.

Other printing

KRS: NIP: REGON:

Overview

Status

Active

Registry date

2001-11-23

Share capital

130 650 380,00 PLN

Activity description

Polska Wytwórnia Papierów Wartościowych is a manufacturer of secure printed materials, including banknotes, identification documents, and various types of secure papers. The company also provides IT solutions for identity verification and document management, catering to both domestic and international government institutions. Additionally, it offers training services focused on the authenticity of secured documents.

Registered address

ul. Romana Sanguszki 1, 00-222 Warszawa, Poland

Website

pwpw.pl

Phone

Electronic delivery address

AE:PL-57051-60002-ADFBD-22

Financials

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.

Statistics

How the company ranks by revenue within its industry, region and across Poland in 2025.

Results vs industry

Revenue

This companyUSD 321.97mMedianUSD 386.25kAverageUSD 3.85m

Net profit

This companyUSD 46.93mMedianUSD 9.05kAverageUSD 283.20k

Operating costs

This companyUSD 254.35mMedianUSD 343.13kAverageUSD 3.49m

Assets

This companyUSD 409.67mMedianUSD 245.07kAverageUSD 3.53m

News

Qualification procedure for the position of Board Members - update

PWPW S.A. awarded Friendly Workplace 2026 title

Management Board of PWPW S.A. of the 11th term

Qualification procedure for the position of Vice President of the Management Board of PWPW S.A. for financial matters

"Families of the PWPW Redoubt" – Commemoration of the 82nd Anniversary of the Warsaw Uprising at the Polish Security Printing Works

Information on the completion of the qualification procedure

Industry

Bank accounts

Registered as a VAT taxpayer on 2003-11-30. Active

Bank Millennium
57 1160 2202 0000 0007 1161 5931
Citi Handlowy (Bank Handlowy w Warszawie)
54 1030 1508 0000 0008 2283 7002
Erste Bank Polska
91 1090 1056 0000 0001 4883 7244

Debt

No entries in the National Debtors Register (KRZ). No proceedings in KRZ

Real estate

Type	Amount
Land (incl. perpetual usufruct)	$1.8M$1,786,881
Buildings and premises	$25.4M$25,416,846
Investment property	$31.6M$31,618,066

MSiG notices

Publication date	Event
Nov 19, 2013	Financial statement published
Aug 20, 2013	Merger registered
Apr 24, 2013	Merger plan

Public aid

No public aid cases recorded in the last 10 years.

European Funds

Start	Project	EU co-financing	Programme
2017-04-28	Administrative expenditure directorate general migration and home affairs - meetings of committees	$636$636	5.2.3X - Commission administrative expenditure
2014-12-01	Recommendations for reliable breeder documents restoring e-passport confidence and leveraging extended border security fp7-sec-2013-607663 origins	$29,806$29,806	1.1.31 - Horizon 2020

Tenders

63 tenders recorded as contractor: 51 national ($6,488,658) and 12 EU ($11,122,783), and 94 as contracting authority (42 national and 52 EU).

Publication date	Subject	Amount	Contracting authority
Aug 25, 2026	Driving licenses, for manufacturing polycarbonate driving licences	$93,313$93,313	Fjársýsla Ríkisins
May 15, 2026	Dostawa systemu teleinformatycznego dla dolnośląskiego ośrodka ruchu drogowego wraz z udostępnieniem sieci wan do wybranych lokalizacji.	$439.7K$439,735	Dolnośląski Ośrodek Ruchu Drogowego
May 12, 2026	„Wytwarzanie, personalizacja oraz dostawa dokumentów komunikacyjnych, oznaczeń oraz druków związanych z rejestracją pojazdów i wydawaniem uprawnień do kierowania pojazdami, a także zapewnienie syst...	$235.7K$235,744	Powiat Gnieźnieński

Public sector contracts

Polska Wytwórnia Papierów Wartościowych is the contractor in 791 public sector contracts, worth PLN 3.16m in total. They were signed with 499 public buyers.

Signed	Subject	Public buyer	Value
Oct 9, 2026	Zamówienie druków kategorii II - IV na przejazd pojazdu nienormatywnego	Starostwo Powiatowe w Kościerzynie	PLN 133.00
Oct 8, 2026	wykonywanie usług certyfikacyjnych	Szkoła Podstawowa Nr 5 Im. I Armii Wojska Polskiego w Konstantynowie Łódzkim	PLN 179.00
Oct 8, 2026	Odnowienie podpisu kwalifikowanego i niekwalifikowanego, obejmujące wydanie certyfikatu kwalifikowanego na 2 lata wraz z kartą kryptograficzną i czytnikiem kart kryptograficznych.	Powiat Węgrowski	PLN 315.00
Oct 7, 2026	Zakup kwalifikowanego podpisu elektronicznego na 2 lata wraz z obsługą certyfikatu, bez czytnika kart kryptograficznych.	Powiat Węgrowski	PLN 189.00
Oct 7, 2026	Aplikacja Portal Starosty w wersji rozszerzonej na 2027r.	Starostwo Powiatu Warszawskiego Zachodniego	PLN 6,000

Public buyer	Value
Starostwo Powiatowe w Kościerzynie	PLN 133.00
Szkoła Podstawowa Nr 5 Im. I Armii Wojska Polskiego w Konstantynowie Łódzkim	PLN 179.00
Powiat Węgrowski	PLN 315.00
Powiat Węgrowski	PLN 189.00
Starostwo Powiatu Warszawskiego Zachodniego	PLN 6,000

Public procurement disputes (KIO)

Polska Wytwórnia Papierów Wartościowych has been a party to 20 cases before the National Appeal Chamber (since 2008). It filed 12 appeals (6 upheld, 1 dismissed, 4 rejected). In 8 cases it joined the proceedings as a participant.

Date	Case no.	Role	Other party	Outcome
Nov 12, 2024	KIO 3902/24	Participant (on authority's side)	Komenda Stołeczna Policji	Upheld
Nov 25, 2023	KIO 3825/24	Participant (on authority's side)	Komenda Wojewódzka Policji z siedzibą w Radomiu	Upheld
Oct 31, 2018	KIO 2146/18	Appellant	Mazowiecki Urząd Wojewódzki	Dismissed
Apr 7, 2017	KIO 545/17	Appellant	Centralny Ośrodek Informatyki	Upheld
Jul 1, 2016	KIO 1049/16	Participant (on authority's side)	Ministerstwo Infrastruktury i Budownictwa	Rejected

Trademarks

Polska Wytwórnia Papierów Wartościowych holds 20 active trademarks registered with the Polish Patent Office. 8 applications are pending. 7 marks have expired or were not registered. The first mark was filed in 1996.

Mark	Number	Classes	Status	Protected until
łuska(word)	Z.582848	6, 9, 16, 17, 35, 40, 42	Protected	Apr 7, 2035
eDO CA	Z.549534	9, 42	Protected	Nov 23, 2032
BalticCA	Z.549531	9, 42	Protected	Nov 23, 2032
eDO CA(word)	Z.549532	9, 42	Protected	Nov 23, 2032
Baltic CA(word)	Z.549529	9, 42	Protected	Nov 23, 2032

Mark	Protected until
łuska(word)	Apr 7, 2035
eDO CA	Nov 23, 2032
BalticCA	Nov 23, 2032
eDO CA(word)	Nov 23, 2032
Baltic CA(word)	Nov 23, 2032

Regulatory authorisations

Authority	Type	Status
BDO	Waste management	Active

Authorized Representatives

Hubert Marek Meronk – Management Board Member

Małgorzata Iwona Wyszyńska – Management Board Member

Jacek Trabczyński – Management Board Member

Zygmunt Kostkiewicz – President of the Management Board

Manner of representation

Joint action of two members of the management board or one member of the management board jointly with a commercial proxy is required to make declarations of will on behalf of the company. If the management board is a one-person management board, one member of the management board is entitled to make declarations of will on behalf of the company. Actions concerning individual labour law are performed by the President of the Management Board. Actions concerning collective labour law are performed by the management board.

Supervisory board

Dariusz Adam Królewicz – Supervisory Board Member

Agata Anna Furgała – Supervisory Board Member

Artur Dąbrowski – Supervisory Board Member

Bartosz Wiśniakowski – Supervisory Board Member

Wojciech Raduchowski Brochwicz – Supervisory Board Member

Ownership

Owner
Skarb Państwa

Beneficial owners

Person	Rights

Competitors

	Name	Revenue	Website
	LABO PrintS.A.	$38,557,003.26	laboprint.eu

Change history

Date	Event
2024-01-31	Address change (Sanguszki 1, 00-222, Warszawa → Ul. Romana Sanguszki 1, 00-222, Warszawa)
2004-06-23	Share capital change (113,800,000.00 PLN → 130,650,380.00 PLN)
2001-11-23	Entered in the register

FAQ

Last updated: 2026-07-27