Creotech Instruments SA - plans to allocate 40% to 60% of share issue proceeds to production infrastructure CAPEX and R&D, 20% to 30% to technology an...
Creotech Instruments SA, a leading Polish space technology company listed on the Warsaw Stock Exchange, has outlined its capital allocation strategy for the proceeds from its recent share issuance. The company raised PLN 39.65 million in June 2026 through the floation of 396,558 Series I shares. According to its development strategy through 2029, the company plans to allocate 40% to 60% of the proceeds to production infrastructure capital expenditures (CAPEX) and research and development (R&D) activities. This allocation is intended to support the expansion of its satellite production capacity and the advancement of new satellite platforms, including the SWAN and EMU models, which are designed for the minisatellite and small-satellite segments.
An additional 20% to 30% of funds will be directed toward the development of technology and new satellite platforms. These investments are part of Creotech’s broader strategy to increase production capacity from 10 to over 40 satellites per year and to position itself as one of the four leading space mission integrators in Europe. The company is also pursuing participation in European constellation programs, including those supported by the European Commission and the European Space Agency (ESA).
Creotech’s business model is built on operating leverage, with a stable fixed cost base and a scalable production structure. The company reported PLN 146 million in revenue from its space segment in 2025, with a segment margin of 38%. Its current order backlog stands at approximately PLN 587 million, and its sales pipeline totals nearly PLN 8.3 billion, reflecting strong visibility for future growth.
The capital raise is part of a broader fundraising initiative, which includes a planned issuance of Series M shares to further support the company’s expansion and technological development. The company is working with financial advisors and global coordinators, including cc group, UniCredit Bank, and Trigon Dom Maklerski, to execute the offering.
