WSE: CAV Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	126.76	94.32	72.69	40.45	59.02
Other Revenue	-14.42	46.35	19.44	65.67	-0.79
Total Revenue	112.35	140.67	92.13	106.12	58.23
Revenue Growth (YoY	-23.15%	52.68%	-13.18%	82.25%	-
Property Expenses	53.41	100.91	51.47	40.64	24.62
Selling, General & Administrative	45.08	47.3	46.35	42.4	21.35
Other Operating Expenses	4.53	8.62	2.4	8.19	0.35
Total Operating Expenses	103.01	156.82	100.23	91.22	46.32
Operating Income	9.34	-16.16	-8.1	14.9	11.91
Interest Expense	-94.87	-81.24	-29.01	-25.47	-19.77
Interest & Investment Income	0.79	1.26	2.3	1.28	3.42
Currency Exchange Gain (Loss)	87	67.81	-23.38	-5.21	-22.12
Other Non-Operating Income	-2.41	-2.31	-3.88	-7.38	-7.46
EBT Excluding Unusual Items	-0.17	-30.65	-62.07	-21.89	-34.02
Asset Writedown	115.66	150.62	105.21	257.26	233.8
Total Legal Settlements	-6.42	-6.42	-8.22	-	-
Pretax Income	109.08	113.56	34.92	235.38	199.78
Income Tax Expense	21.82	23.06	7.77	45.76	54.06
Net Income	87.26	90.5	27.15	189.62	145.71
Net Income to Common	87.26	90.5	27.15	189.62	145.71
Net Income Growth	-	233.37%	-85.68%	30.13%	-
Basic Shares Outstanding	25	25	25	21	17
Diluted Shares Outstanding	25	25	25	21	17
Shares Change (YoY)	0.14%	0.14%	22.17%	19.46%	-
EPS (Basic)	3.43	3.56	1.07	9.16	8.38
EPS (Diluted)	3.43	3.56	1.07	9.12	8.38
EPS Growth	-	232.90%	-88.28%	8.89%	-
Operating Margin	8.31%	-11.49%	-8.79%	14.04%	20.45%
Profit Margin	77.67%	64.34%	29.47%	178.69%	250.25%
Free Cash Flow Margin	-70.11%	-13.85%	-135.91%	-114.45%	-244.74%
EBITDA	11.35	-13.16	-2.39	18.63	14.29
EBITDA Margin	10.10%	-9.36%	-2.59%	17.55%	24.54%
D&A For Ebitda	2.01	3	5.71	3.73	2.38
EBIT	9.34	-16.16	-8.1	14.9	11.91
EBIT Margin	8.31%	-11.49%	-8.79%	14.04%	20.45%
Effective Tax Rate	20.00%	20.30%	22.25%	19.44%	27.06%

Source: S&P Capital IQ. Real Estate template. Financial Sources.