Author: Scanway
Publication date:
The Polish Financial Supervision Authority has approved the Prospectus of Scanway S.A. in connection with the planned transfer of the listing of all of the Company’s shares from NewConnect to the regulated market operated by the Warsaw Stock Exchange. Scanway, a Polish leader in space-based observation technologies, made its debut on the NewConnect market on October 11, 2023. Since then, the Company’s market capitalization has grown from PLN 58 million to over PLN 500 million, and the cumulative trading volume in Scanway shares for the period January–February of this year exceeded PLN 100 million, accounting for over 25% of the entire NewConnect market.
Scanway S.A. is a leading exporter of space technology in Poland that has been actively supporting the development of the space economy for years. It carries out constellation projects for global clients, developing expertise in the design and construction of optical instruments for space-based imaging. In 2025, the Company announced its development strategy for 2026–28, which aims to position it among Europe’s largest integrators of optical payloads.
– The approval of Scanway S.A.’s Prospectus is very positive news that brings us significantly closer to our debut on the Main Market of the Warsaw Stock Exchange. From the very beginning of our journey in the capital markets, we have aimed to rank among the largest and most liquid companies on the Polish stock exchange. After two years on NewConnect and an intensive period of building our brand recognition, market position, and, above all, long-term relationships with investors, I can say with full confidence that we are ready to join the companies on the Main Market. Our shareholders include a leading Polish investment fund (TFI) with a stake exceeding five percent, and trading volume in Scanway shares in 2026 places us at the median level among companies in the mWIG40 index. We expect the shares to be listed for the first time around the end of March and beginning of April of this year. – comments Jędrzej Kowalewski, President of the Management Board of Scanway S.A.
On March 16, 2026, the Polish Financial Supervision Authority (KNF) decided to approve the Registration Document, the Offering Document, and the Summary, which together constitute the Scanway S.A. Prospectus. The prospectus is scheduled to be published on the Company’s website (Investor Relations section) and on the website of the investment firm Dom Maklerski Navigator S.A. (Current Securities Offerings section) on March 17, 2026. The transfer of the Company’s listing from NewConnect to the Main Market of the Warsaw Stock Exchange will not be accompanied by a share issuance.
According to Scanway’s Management Board, the Company’s debut on the Main Market of the Warsaw Stock Exchange may take place in late March or early April of this year, following the receipt of the required formal approvals. The move to the Main Market is part of the Company’s long-term strategy for its presence in the capital market and reaffirms its position as a leading player in the deep tech industry.
– Today, the stock market offers an attractive growth path for Polish space companies that are planning rapid expansion and aim to bring their products to international markets. In our case, this scenario has worked out very well, and the entire organization, as well as our investors, have benefited from the processes of raising capital to fund the Company’s development projects. I believe that the space industry will be increasingly well-represented on the Polish stock exchange, and our debut on the Main Market of the Warsaw Stock Exchange will enable an even broader group of investors to gain exposure to this unique sector, which is so important to the Polish economy. – adds Jędrzej Kowalewski.
According to the interim report for Q4 2025, Scanway reported total revenue of 24.3 mln zł for the first four quarters of 2025, an increase of +94% year-over-year, and EBITDA of 2.2 mln zł, an increase of 1.9 mln zł year-over-year. The Company’s backlog as of February 16, 2026, increased by 215% year-over-year to PLN 54.0 million. Cash on hand at the end of December 2025 rose to a record high of PLN 25.5 million PLN, significantly influenced by the receipt of 15.3 million PLN gross from TFI PZU SA, which acquired 100,000 shares of the Company in November 2025, currently representing a 5.98% stake.
Scanway S.A.’s strategic, long-term goal is to become one of the world’s leading commercial optical payload integrators. The key objective by the end of 2028 is to become one of the largest optical payload integrators in Europe, which requires transforming the organization from a provider of individual solutions into a mass producer of optical instruments for the global New Space market. Scanway is currently undergoing an intensive process of scaling up its operational and technological capabilities, through which it intends to achieve the capacity to produce over a dozen optical payloads per year in the price range of 0.5–2.0 million EUR.
About Scanway:
Scanway S.A. is a Polish company that has been in business for over 10 years. It specializes in the optical data chain, which includes data acquisition, processing, analytics, and event prediction based on that data. In the Space segment, the company provides both hardware solutions (optical instruments, such as telescopes and cameras) and imaging analytics. In the Industry segment, it offers solutions (products) based on image data processing, including complete quality control systems. The Company’s expertise and experience in both fields are complementary and create synergies. Scanway strives to provide its customers with full access to key optical data in both segments.
As one of only a dozen or so companies worldwide, Scanway has developed a complete range of optoelectronic products for Earth observation from orbit. The company carries out key contracts for space equipment in Poland and around the world, including for commercial clients. It also operates STAR VIBE, Poland’s longest-operating optical observation satellite. The company’s solutions have been incorporated into the most important European and Polish space missions of 2024. Among other achievements, the company installed its equipment (the Scanway Camera System) on the maiden flight of Europe’s newest launch vehicle, Ariane 6, and delivered Poland’s largest-ever telescope, weighing approximately 10 kg (SOP200) to EagleEye—the largest satellite Poland has ever sent into space.
The company has completed nearly 50 quality control implementations in the industrial sector. As a technology partner to the sector’s largest manufacturers, it develops proprietary software solutions using AI and advanced applications for Industry 4.0.
In October 2023, the Company made its debut on the NewConnect market. It has fully achieved the goals announced in its initial public offering and is currently preparing to move to the Main Market of the Warsaw Stock Exchange. For more information: https://scanway.pl/
Media Contact
Scanway S.A. Corporate Communications Office
Katarzyna Żądło
+48 661 140 260
k.zadlo@scanway.pl
Contact for investors and analysts
Mardoniusz Maćkowiak
+48 605 959 539
mardoniusz.mackowiak@ccgroup.pl