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. and the management boards of subsidiaries, I am pleased to
present to you the Toya Capital Group’s 2024 annual financial report. It was another year in which the Group
shows very good financial results, achieving sales revenues of over PLN 821M for the first time.
The biggest impact came from sales in the two most important distribution channels, wholesale and export,
which together increased sales by more than PLN 34M compared to the previous year, with margins remaining
unchanged. Export sales in the European, Asian, African and US markets by Toya S.A. and the two Chinese
subsidiaries have improved significantly. Such a good result was achieved by optimising logistics processes within
the Group and using the full potential of the recently established warehouse operated by Yato Tools (Jiaxing).
The most rapidly growing sales channel, for many years, has been the online retail channel. In all markets, Poland,
Romania and China, the dynamics in this channel were positive, although the largest was in Poland. The well-
prepared offer presented both through the popular sales platform and through the market's own well-recognised
online shops was very well received by customers.
In the past year, the Group also recorded very good sales results in the distribution chain channel. The companies
in Poland and Romania are suppliers to major international retail chains. Sales in this channel increased by nearly
28% and the margin by as much as three percentage points.
The group achieved a very good financial results thanks to its wide product range, optimisation of the supply
chain and full utilisation of the storage potential in all companies in the Group. Customers rated the offer very
well, appreciating its accessibility and its financial attractiveness. This undoubtedly strengthens the
competitiveness of the group and shows that we are ready for further dynamic development as a flexible and
reliable partner. We achieved success despite an unstable and difficult macroeconomic situation and the ongoing
war conflict between Russia, Belarus and Ukraine. On the one hand, the Group made good use of the previous
years’ investments while, on the other hand, continuing to support the subsidiaries to further develop their
potential.
Our efforts have focused on optimising operational processes and on developing the business in a sustainable
manner. This is why, for the first time, we have prepared a non-financial sustainability report for the Toya Group
according to the ESRS standard, which describes broadly our social, environmental and organisational
responsibility issues.
On behalf of the Management Board of Toya S.A., the management boards of the subsidiaries and the entire
Group executive staff, I would like to thank the shareholders, all business partners and employees. Without your
support, the Group 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
