Lubawa Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	616.74	510.23	377.61	332.01	265.43
Revenue Growth (YoY)	20.88%	35.12%	13.74%	25.08%	11.68%
Cost of Revenue	363.7	305.31	260.33	238.83	186.78
Gross Profit	253.04	204.91	117.28	93.18	78.65
Selling, General & Admin	102.84	83.93	61.36	60.14	49.42
Other Operating Expenses	3.89	4.44	-0.15	4.84	-0.8
Operating Expenses	106.74	88.37	61.21	64.98	48.62
Operating Income	146.3	116.54	56.07	28.19	30.03
Interest Expense	-2.26	-0.9	-2.23	-2.8	-0.91
Interest & Investment Income	-	3.79	0.31	0.06	0.1
Earnings From Equity Investments	0.01	0	-0.03	-0.04	-0.01
Currency Exchange Gain (Loss)	-	0.16	0.8	0.5	0.27
Other Non Operating Income (Expenses)	9.79	1.79	-0.88	-1.01	-0.71
EBT Excluding Unusual Items	153.85	121.38	54.04	24.89	28.77
Gain (Loss) on Sale of Investments	-	-	-	-	-0.16
Gain (Loss) on Sale of Assets	-	-0.29	-0.34	-	0.51
Asset Writedown	-	-	-	-	0.31
Pretax Income	153.85	121.09	53.7	24.89	29.43
Income Tax Expense	27.76	20.57	8.35	4.51	5.35
Earnings From Continuing Operations	126.1	100.52	45.35	20.39	24.08
Minority Interest in Earnings	-	0.28	0.26	0.22	0.16
Net Income	126.1	100.8	45.61	20.61	24.24
Net Income to Common	126.1	100.8	45.61	20.61	24.24
Net Income Growth	25.10%	121.01%	121.30%	-14.97%	-22.58%
Shares Outstanding (Basic)	-	150	150	150	150
Shares Outstanding (Diluted)	-	150	150	150	150
EPS (Basic)	-	0.67	0.30	0.14	0.16
EPS (Diluted)	-	0.67	0.30	0.14	0.16
EPS Growth	-	123.33%	118.74%	-14.28%	-23.20%
Free Cash Flow	92.32	150.91	102.56	-5.14	16.8
Free Cash Flow Per Share	-	1.00	0.68	-0.03	0.11
Gross Margin	41.03%	40.16%	31.06%	28.07%	29.63%
Operating Margin	23.72%	22.84%	14.85%	8.49%	11.31%
Profit Margin	20.45%	19.75%	12.08%	6.21%	9.13%
Free Cash Flow Margin	14.97%	29.58%	27.16%	-1.55%	6.33%
EBITDA	163.73	127.56	66.56	39.4	41.18
EBITDA Margin	26.55%	25.00%	17.63%	11.87%	15.51%
D&A For EBITDA	17.43	11.02	10.5	11.2	11.15
EBIT	146.3	116.54	56.07	28.19	30.03
EBIT Margin	23.72%	22.84%	14.85%	8.49%	11.31%
Effective Tax Rate	18.04%	16.98%	15.54%	18.11%	18.18%

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