Creotech Quantum, a GPW-listed Polish company focused on the development and commercialisation of quantum technologies, spent 2025 building the organisational, legal and operational foundations for its future activity as an independent entity. A key element of these efforts was the ongoing spin-off of the quantum technology segment from Creotech Instruments S.A.
The main phase of the process was completed on 1 April 2026, followed by the company’s debut on the main market of the Warsaw Stock Exchange on 17 April 2026.
“2025 was a period of intensive preparatory work for us, during which we simultaneously organised corporate matters, built the target organisational structure and prepared the company to operate as an independent public entity. It was crucial for us to carry out the spin-off process in a way that ensured full business continuity, including the transfer of competences, team, projects and intellectual property rights,” said Dr Anna Kamińska, President of the Management Board of Creotech Quantum S.A.
“At the same time, we developed technologies and carried out R&D projects within the transferred business so that, once the process was completed, we would have not only an orderly corporate structure but also a ready product pipeline. As a result, entering 2026, we were prepared to move from the organisational stage to the operational phase and begin commercialising our solutions, particularly in the area of quantum key distribution,” she added.
Creotech Quantum S.A. was formally established in June 2025 as a special-purpose vehicle created to take over Creotech Instruments’ activities in quantum technologies. In August 2025, the spin-off plan was adopted, after which intensive organisational and formal-legal preparations began, including the process of obtaining approval of the prospectus from the Polish Financial Supervision Authority.
The prospectus related to the issue of spin-off shares was approved after the balance sheet date, on 18 February 2026. On 1 April 2026, the main phase of the spin-off was formally completed. Creotech Quantum then debuted on the Warsaw Stock Exchange on 17 April 2026, becoming the first listed company in Europe focused on the development and commercialisation of quantum technologies.
The debut marked an important milestone not only for the company itself, but also for the Polish and European deep-tech ecosystem. It confirmed Creotech Quantum’s readiness to operate as an independent public company and reflected the growing maturity of quantum technologies, which are entering the stage of commercial deployment.
The company also continues corporate activities aimed at establishing its final shareholder structure. Creotech Instruments currently holds 1.5 million shares, representing 34.45% of the share capital and votes. However, this is a temporary structure intended to facilitate the spin-off process.
“What is important for understanding our capitalisation is that we are continuing corporate activities aimed at creating the final shareholder structure. Creotech Instruments currently holds 1,500,000 shares, representing 34.45% of the capital and votes, but this situation is temporary and serves only to ensure the efficient execution of the spin-off. The procedure for redeeming series A shares is currently underway. As a result, Creotech Instruments will not hold shares in the company, and I estimate that the 1,500,000 spin-off shares currently assigned to Creotech Instruments will be redeemed in the second half of 2026,” said Dr Anna Kamińska.
In 2025, Creotech Quantum had not yet conducted operational activity in quantum technologies directly. This activity was still carried out within Creotech Instruments as part of the segment being spun off.
The main achievements of the transferred business in 2025 included significant progress toward commercialisation and a reduction of technological risks in key areas.
In the quantum key distribution segment, the first prototypes of systems for ground infrastructure were developed, manufactured and demonstrated under operational conditions in an urban pilot network in Vienna as part of the eCAUSIS project. This achievement provides a direct basis for bringing the product to market in 2026.
At the same time, projects carried out for the European Space Agency — QKD HRDP and LAND — brought significant progress in the development of single-photon detection technologies for ground QKD stations. These competences strengthen the company’s potential to develop new products and represent an important step toward entering the market for satellite quantum communication solutions.
Another important event was the signing of an agreement for the PIONIER-Q-SAT project, implemented by a consortium led by NASK. The project involves building a cross-border QKD link using a mobile optical ground station. It will enable the demonstration of key components developed by the company and support the development of integration capabilities in QKD systems, including satellite communication solutions.
The company also developed complementary technologies with strong market potential. In ultra-precise time synchronisation, it secured a project commissioned by the European Space Agency involving the use of White Rabbit technology in private 5G mmWave network infrastructure.
In advanced imaging systems, Creotech Quantum signed an agreement with the European Space Agency for the “Telescope Array Functional Prototype” project. The project will enable the demonstration of the company’s astronomical camera in applications related to space threat detection and space situational awareness in Earth orbit.
Activities carried out in 2025 confirm the effectiveness of the company’s strategy, based on developing intellectual property, demonstrating technology under operational conditions and gradually moving toward commercialisation. The QKD segment remains particularly important, as the company sees the greatest potential for scaling its business there.
The results of work completed in 2025 provide a direct foundation for the company’s 2026 objectives. These include launching QKD systems for ground infrastructure, implementing pilot projects with first customers and further expanding the product portfolio.
Creotech Quantum S.A.’s long-term goal is to become one of the leading players in the European quantum technology market and to actively participate in the large-scale commercialisation of these solutions.
