TOYA S.A. with its registered office in Wrocław, ul. Sołtysowicka 13-15, postal code 51-168, entered in the Register of Entrepreneurs of the
National Court Register kept by the 6th Commercial Division of the District Court for Wrocław - Fabryczna under KRS No. 0000066712, fully
paid share capital: PLN 7,504,222.60; NIP No.: 895-16-86-107; REGON No.: 932093253.
Letter of the President of the Management Board to the Shareholders
Dear Shareholders,
On behalf of the Management Board of Toya S.A., I am pleased to present to you the Company’s 2023 annual
financial report. It was a difficult year, however Toya S.A. achieved good financial results. The biggest
contributors were sales of more than PLN 571 million and a net profit of more than PLN 52 million. The strong
financial performance enabled the medium-term bank loan to be repaid before maturity and prevented the use
of external financing in the final weeks of 2023.
The wholesale channel has been the largest distribution channel in recent years. In the period ended, the
Company generated more than PLN 253 million in sales. Despite being slightly lower compared to the previous
year, a 5 percentage point profitability increase in this channel was recorded in relation to turnover, bringing the
margin in this channel to more than PLN 76 million. The retail channel operations where e-commerce sales are
carried out also recorded very good results. This happened as total sales in this channel, as well as the margin,
increased by 3 percentage points and rose to 44%.
Last year, we achieved success despite the difficult macroeconomic situation and the ongoing military conflict
between Russia and Ukraine. On the one hand, the Company made good use of the previous years’ investments
while, on the other hand, continuing to support the subsidiaries to further develop their potential.
Although it was not easy for the Company, the past year was a period in which we achieved good financial results.
Our efforts have focused on optimising operational processes and on developing the business in a sustainable
manner. As the parent of the Toya Group, we have prepared the Group’s first non-financial sustainability report
in which we have addressed the issues relating to social, environmental and organisational responsibility. The
Company is aware of changes in social and legislative expectations, therefore we monitor them closely and
incorporate them into our existing practices.
On behalf of the Management Board of Toya S.A. and the entire Company executive staff, I would like to thank
the shareholders, all business partners and employees. Without your support, the Company would not be able
to grow and achieve good results.
I invite you to read the Annual Report.
President of the Management Board
Grzegorz Pinkosz
