The shareholders of cyber_Folks and Shopera have approved the merger of the two companies. All of Shopera’s assets will be transferred to cyber_Folks, and its shareholders will receive 3,215,165 new series F shares. The exchange ratio has been set at 0.2281 cyber_Folks shares for each Shopera share.
However, the merger is not a new acquisition, but rather the next stage of a consolidation process that began earlier. cyber_Folks purchased 49.9 per cent of Shopera’s shares for PLN 547.5 million. The agreement was signed at the end of 2024, and the transaction was finalised in February 2025 following approval from the Office of Competition and Consumer Protection (UOKiK). Since then, Shopera’s results have been included in the group’s financial statements, and teams from both companies have been working on joint products.
Shopera’s scale demonstrates why the company is a key element of cyber_Folks’ strategy. In 2025, the company generated PLN 218 million in revenue, 13 per cent more than the previous year. Adjusted EBITDA stood at PLN 80 million, whilst the value of sales processed via the omnichannel model exceeded PLN 21 billion.
The cyber_Folks group itself reported revenue of PLN 855.2 million and adjusted EBITDA of PLN 291.7 million for 2025. According to the company, around 700,000 customers use the technologies within its ecosystem. The group develops solutions covering, amongst other things, hosting, e-commerce platforms, payments, communication, logistics and AI-based tools.
The merger is in line with the maturing of the Polish e-commerce market. In 2025, 69.7 per cent of Poles aged between 16 and 74 shopped online, 2.3 percentage points more than the previous year. As the market grows, not only are e-commerce platforms themselves becoming increasingly important, but so too are sales automation and the integration of various services.
For investors, the merger means a simpler group structure, a larger free float and potentially higher share liquidity. However, the formal completion of the process will still require the registration of the merger and the admission of the new shares to trading. The anticipated benefits, including international expansion and faster product development, remain, for the time being, objectives set out by the management board.
