Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A. (FRA:2ZO)

FRA:2ZO Income Statement

Financials in millions PLN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,585	2,557	3,164	1,812	1,435	1,183
Revenue Growth (YoY)	-5.42%	-19.20%	74.61%	26.33%	21.21%	8.33%
Operations & Maintenance	-0.03	-	-	-	-	-
Selling, General & Admin	141.91	118.42	693.22	122.93	95.43	95.39
Other Operating Expenses	2,240	2,223	2,053	1,531	1,215	959.82
Total Operating Expenses	2,381	2,341	2,746	1,654	1,310	1,055
Operating Income	203.67	215.71	418.09	158.22	124.1	128.23
Interest Expense	-32.29	-4.2	-7	-3.82	-2.69	-2.6
Interest Income	14.13	51.84	41.89	36.15	3.08	7.88
Net Interest Expense	-18.16	47.64	34.89	32.32	0.39	5.27
Currency Exchange Gain (Loss)	0.91	0.97	-	-	-	-
Other Non-Operating Income (Expenses)	37.48	-12.03	-131.37	-1.35	-52	25.36
EBT Excluding Unusual Items	223.9	252.29	321.61	189.2	72.49	158.86
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.48
Gain (Loss) on Sale of Assets	-0.66	-0.59	0.13	0.34	0.69	0.03
Asset Writedown	-	-	-0.06	-	-0.4	-0.64
Other Unusual Items	-0.39	-0.39	-	-	-	-
Pretax Income	222.86	251.32	321.68	189.54	72.77	157.77
Income Tax Expense	45.1	49.56	64.97	37.56	15.99	31.81
Earnings From Continuing Ops.	177.76	201.76	256.72	151.98	56.79	125.95
Net Income to Company	177.76	201.76	256.72	151.98	56.79	125.95
Minority Interest in Earnings	-	-	-1.02	-2.45	-0.53	-2.02
Net Income	177.76	201.76	255.7	149.53	56.25	123.94
Net Income to Common	177.76	201.76	255.7	149.53	56.25	123.94
Net Income Growth	-8.07%	-21.10%	71.00%	165.82%	-54.61%	49.47%
Shares Outstanding (Basic)	15	15	15	15	15	15
Shares Outstanding (Diluted)	15	15	15	15	15	15
EPS (Basic)	11.93	13.54	17.16	10.04	3.78	8.32
EPS (Diluted)	11.93	13.54	17.16	10.04	3.78	8.32
EPS Growth	-7.98%	-21.10%	70.99%	165.82%	-54.61%	49.47%
Free Cash Flow	543.57	850.72	611.91	-122.98	-44.59	-10.66
Free Cash Flow Per Share	36.49	57.10	41.07	-8.25	-2.99	-0.72
Dividend Per Share	-	-	-	-	0.320	-
Profit Margin	6.88%	7.89%	8.08%	8.25%	3.92%	10.47%
Free Cash Flow Margin	21.03%	33.27%	19.34%	-6.79%	-3.11%	-0.90%
EBITDA	427.06	435.28	620.21	350.98	308.58	288.59
EBITDA Margin	16.52%	17.02%	19.60%	19.37%	21.51%	24.39%
D&A For EBITDA	223.38	219.57	202.12	192.76	184.48	160.35
EBIT	203.67	215.71	418.09	158.22	124.1	128.23
EBIT Margin	7.88%	8.44%	13.21%	8.73%	8.65%	10.84%
Effective Tax Rate	20.24%	19.72%	20.20%	19.81%	21.97%	20.16%

Source: S&P Global Market Intelligence. Utility template. Financial Sources.