IPOPEMA Securities 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
Total Interest Expense	3.28	3.08	3.41	1.82	1.22	1.29
Net Interest Income	-3.28	-3.08	-3.41	-1.82	-1.22	-1.29
Brokerage Commission	68.51	65.44	63.55	54.76	61.41	57.26
Asset Management Fee	162.35	156.16	228.72	176.02	170.2	172.68
Other Revenue	34.07	35.49	31.92	29.27	24.79	28.06
Revenue	268.74	254.01	320.78	258.23	255.19	256.7
Revenue Growth (YoY)	-5.16%	-20.82%	24.22%	1.19%	-0.59%	85.46%
Cost of Services Provided	255.62	243.32	299.38	247.52	233.1	213.33
Other Operating Expenses	7.01	4.33	4.87	5.34	4.04	6.45
Total Operating Expenses	262.63	247.65	304.25	252.86	237.14	219.78
Operating Income	6.11	6.35	16.53	5.37	18.05	36.91
Currency Exchange Gains	0.33	0.33	-0.97	0.64	-0.06	0.98
Other Non-Operating Income (Expenses)	4.5	4.41	3.94	3.34	-0.81	0.65
EBT Excluding Unusual Items	10.94	11.09	19.5	9.36	17.18	38.55
Gain (Loss) on Sale of Investments	2.55	2.32	4.69	-1.54	-0.9	-0.65
Pretax Income	13.51	13.55	24.48	7.82	16.45	37.9
Income Tax Expense	2.98	3.49	5.22	1.74	3.11	7.7
Earnings From Continuing Ops.	10.53	10.06	19.26	6.08	13.34	30.2
Minority Interest in Earnings	-1.31	-0.96	-1.08	-0.53	-0.23	-0.52
Net Income	9.22	9.11	18.18	5.55	13.11	29.68
Net Income to Common	9.22	9.11	18.18	5.55	13.11	29.68
Net Income Growth	-39.61%	-49.91%	227.77%	-57.68%	-55.84%	852.41%
Shares Outstanding (Basic)	30	30	30	30	30	30
Shares Outstanding (Diluted)	30	30	30	30	30	30
EPS (Basic)	0.31	0.30	0.61	0.19	0.44	0.99
EPS (Diluted)	0.31	0.30	0.61	0.19	0.44	0.99
EPS Growth	-39.59%	-50.59%	227.77%	-57.68%	-55.78%	890.00%
Free Cash Flow	448.5	54.27	23.1	44.98	-146.82	246.02
Free Cash Flow Per Share	14.98	1.81	0.77	1.50	-4.90	8.22
Dividend Per Share	0.210	0.210	0.300	0.150	0.310	0.370
Dividend Growth	-30.00%	-30.00%	100.00%	-51.61%	-16.22%	-
Operating Margin	2.27%	2.50%	5.15%	2.08%	7.07%	14.38%
Profit Margin	3.43%	3.58%	5.67%	2.15%	5.13%	11.56%
Free Cash Flow Margin	166.89%	21.37%	7.20%	17.42%	-57.54%	95.84%
Effective Tax Rate	22.04%	25.77%	21.32%	22.29%	18.93%	20.31%

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