Gielda Papierów Wartosciowych w Warszawie S.A. (WSE:GPW)

WSE:GPW 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	525.17	464.85	444.93	389.27	407.57	403.96
Revenue Growth (YoY)	12.44%	4.48%	14.30%	-4.49%	0.89%	20.20%
Cost of Revenue	356.77	331.94	319.48	254.57	229.29	206.04
Gross Profit	168.39	132.91	125.45	134.69	178.28	197.92
Other Operating Expenses	31.22	38.62	-2.46	2.34	-0.03	-0.29
Operating Expenses	32.5	39.41	-2.13	1.77	-1.77	0.66
Operating Income	135.89	93.5	127.58	132.92	180.05	197.26
Interest Expense	-9.78	-8.06	-0.92	-5.88	-8.2	-19
Interest & Investment Income	35.99	51.46	27.44	22.46	0.9	3.96
Earnings From Equity Investments	42.34	37.1	34.14	28.26	24.38	15.75
Currency Exchange Gain (Loss)	-	-	-0.27	0.05	-1.8	-0.49
Other Non Operating Income (Expenses)	19.5	-	-0.01	-0.62	-1.47	1.06
EBT Excluding Unusual Items	223.94	174	187.97	177.17	193.87	198.54
Merger & Restructuring Charges	-	-	-0.03	-0.31	-0.08	-0.11
Impairment of Goodwill	-	-	-	-9.83	-	-3.52
Gain (Loss) on Sale of Investments	-	-	-0.17	-0.13	-	-4.81
Gain (Loss) on Sale of Assets	-	-	0.59	-0.01	-0.04	-0.03
Other Unusual Items	-	-	-	7.95	-	-
Pretax Income	223.94	174	188.36	174.84	193.76	190.07
Income Tax Expense	33.88	24.98	30.8	29.87	32.48	37.8
Earnings From Continuing Operations	190.06	149.02	157.56	144.98	161.28	152.27
Minority Interest in Earnings	-1.1	-0.3	-1.56	-0.02	-0.03	-0.01
Net Income	188.96	148.72	156	144.96	161.25	152.26
Net Income to Common	188.96	148.72	156	144.96	161.25	152.26
Net Income Growth	16.75%	-4.67%	7.62%	-10.10%	5.91%	27.60%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
EPS (Basic)	4.50	3.54	3.72	3.45	3.84	3.63
EPS (Diluted)	4.50	3.54	3.72	3.45	3.84	3.63
EPS Growth	16.76%	-4.67%	7.62%	-10.10%	5.91%	27.60%
Free Cash Flow	161.23	136.28	122.71	190.55	41	217.96
Free Cash Flow Per Share	3.84	3.25	2.92	4.54	0.98	5.19
Dividend Per Share	3.150	3.150	3.000	2.700	2.740	2.500
Dividend Growth	5.00%	5.00%	11.11%	-1.46%	9.60%	4.17%
Gross Margin	32.06%	28.59%	28.20%	34.60%	43.74%	48.99%
Operating Margin	25.88%	20.11%	28.67%	34.15%	44.18%	48.83%
Profit Margin	35.98%	31.99%	35.06%	37.24%	39.56%	37.69%
Free Cash Flow Margin	30.70%	29.32%	27.58%	48.95%	10.06%	53.96%
EBITDA	182.81	125.03	153.59	164.26	209.91	227.91
EBITDA Margin	34.81%	26.90%	34.52%	42.20%	51.50%	56.42%
D&A For EBITDA	46.92	31.54	26.01	31.34	29.86	30.65
EBIT	135.89	93.5	127.58	132.92	180.05	197.26
EBIT Margin	25.88%	20.11%	28.67%	34.15%	44.18%	48.83%
Effective Tax Rate	15.13%	14.35%	16.35%	17.08%	16.76%	19.89%

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