WSE:CAV Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	252.6	132.28	94.32	72.69	40.45	59.02
Other Revenue	-0.08	-0.08	46.35	19.44	65.67	-0.79
Total Revenue	252.52	132.2	140.67	92.13	106.12	58.23
Revenue Growth (YoY	128.58%	-6.02%	52.68%	-13.18%	82.25%	-
Property Expenses	127.2	58.13	100.91	51.47	40.64	24.62
Selling, General & Administrative	43.75	46.79	47.3	46.35	42.4	21.35
Other Operating Expenses	-0.01	0.01	8.62	2.4	8.19	0.35
Total Operating Expenses	170.94	104.93	156.82	100.23	91.22	46.32
Operating Income	81.58	27.27	-16.16	-8.1	14.9	11.91
Interest Expense	-119.79	-97.71	-81.24	-29.01	-25.47	-19.77
Interest & Investment Income	1.41	0.68	1.26	2.3	1.28	3.42
Currency Exchange Gain (Loss)	20.43	20.43	67.81	-23.38	-5.21	-22.12
Other Non-Operating Income	-40.47	-3.95	-2.31	-3.88	-7.38	-7.46
EBT Excluding Unusual Items	-56.84	-53.28	-30.65	-62.07	-21.89	-34.02
Asset Writedown	64.24	68.51	150.62	105.21	257.26	233.8
Total Legal Settlements	-2.87	-2.87	-6.42	-8.22	-	-
Pretax Income	4.54	12.36	113.56	34.92	235.38	199.78
Income Tax Expense	1.86	1.52	23.06	7.77	45.76	54.06
Net Income	2.68	10.84	90.5	27.15	189.62	145.71
Net Income to Common	2.68	10.84	90.5	27.15	189.62	145.71
Net Income Growth	-96.93%	-88.02%	233.37%	-85.68%	30.13%	-
Basic Shares Outstanding	25	25	25	25	21	17
Diluted Shares Outstanding	25	25	25	25	21	17
Shares Change (YoY)	-0.13%	-	0.14%	22.17%	19.46%	-
EPS (Basic)	0.11	0.43	3.56	1.07	9.16	8.38
EPS (Diluted)	0.11	0.43	3.56	1.07	9.12	8.38
EPS Growth	-96.93%	-88.02%	232.90%	-88.28%	8.89%	-
Operating Margin	32.31%	20.63%	-11.49%	-8.79%	14.04%	20.45%
Profit Margin	1.06%	8.20%	64.34%	29.47%	178.69%	250.25%
EBITDA	83.9	30.24	-13.16	-2.39	18.63	14.29
EBITDA Margin	33.22%	22.87%	-9.36%	-2.59%	17.55%	24.54%
D&A For Ebitda	2.31	2.97	3	5.71	3.73	2.38
EBIT	81.58	27.27	-16.16	-8.1	14.9	11.91
EBIT Margin	32.31%	20.63%	-11.49%	-8.79%	14.04%	20.45%
Effective Tax Rate	40.98%	12.28%	20.30%	22.25%	19.44%	27.06%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.