More Coins on Horizon for Polish Mint

The Mint of Poland (Mennica Polska), which trades on the Warsaw Stock Exchange as the only publicly-listed mint, has three distinct business segments – minting, electronic payments and real estate development.

Revenues for 2022 were just over PLN 1.28 billion (€273.5 million) compared with PLN 1.3 billion (€268 million) in 2021. Operating profit fell by 41% to PLN 51.8 million and pre-tax profit by 66.5% to PLN 37.8 million. Net profit for 2022 was PLN 32.4 million.

Revenue from the Mint Products segment increased by 6.3% to just over PLN 1 billion. The segment’s financial performance of PLN 57 million was 1.31% above that in 2021. Last year, sales accounted for 82.7% of total Mint revenues, compared with 74.7% in 2021.