Makarony Polskie S.A. (WSE:MAK)

Makarony Polskie 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	299.85	303.27	354.84	328.92	169.65	187.18
Revenue Growth (YoY)	-7.74%	-14.53%	7.88%	93.88%	-9.36%	13.04%
Cost of Revenue	226.89	218.18	257.6	255.84	138.75	149.42
Gross Profit	72.96	85.09	97.25	73.08	30.9	37.76
Selling, General & Admin	46.71	45.24	44.64	37.75	26.04	27.53
Other Operating Expenses	-5.87	-1.64	1.09	0.27	-4.36	-0.61
Operating Expenses	40.84	43.61	45.73	38.01	21.68	26.92
Operating Income	32.12	41.49	51.51	35.07	9.22	10.84
Interest Expense	-1.07	-1.16	-1.86	-2.19	-0.58	-0.91
Interest & Investment Income	1.87	1.38	0.45	0.03	-	0.02
Currency Exchange Gain (Loss)	0.08	0.12	0.13	-0.41	0.03	-0.45
Other Non Operating Income (Expenses)	-0.2	-0.22	-0.24	-0.29	-0.19	-0.23
EBT Excluding Unusual Items	32.8	41.6	50	32.22	8.48	9.27
Impairment of Goodwill	-	-	-2.68	-	-	-
Gain (Loss) on Sale of Investments	-0.19	-0.19	-	-	-	-
Gain (Loss) on Sale of Assets	1.44	0.22	-0.68	-1.52	-0.15	0.71
Asset Writedown	-	-	-3.93	-4.42	-0.32	-0.52
Legal Settlements	-0.01	-0.01	-0.01	-0.03	-0	-0.01
Other Unusual Items	-0.1	-0.1	-0.57	4.09	-0.2	0.16
Pretax Income	33.94	41.52	42.16	30.34	7.8	9.61
Income Tax Expense	6.21	7.86	9.27	5.89	1.41	2.08
Net Income	27.73	33.67	32.89	24.46	6.39	7.53
Net Income to Common	27.73	33.67	32.89	24.46	6.39	7.53
Net Income Growth	-19.66%	2.36%	34.48%	282.75%	-15.12%	97.95%
Shares Outstanding (Basic)	11	11	11	11	9	9
Shares Outstanding (Diluted)	11	11	11	11	9	9
Shares Change (YoY)	-0.24%	-0.06%	-	18.10%	1.06%	-
EPS (Basic)	2.52	3.05	2.98	2.22	0.68	0.81
EPS (Diluted)	2.52	3.05	2.98	2.22	0.68	0.81
EPS Growth	-19.47%	2.38%	34.48%	225.79%	-16.05%	97.56%
Free Cash Flow	17.2	38.22	46.04	15.03	6.09	-3.79
Free Cash Flow Per Share	1.56	3.46	4.17	1.36	0.65	-0.41
Dividend Per Share	0.750	0.750	0.750	0.600	0.300	0.300
Dividend Growth	-	-	25.00%	100.00%	-	20.00%
Gross Margin	24.33%	28.06%	27.41%	22.22%	18.22%	20.17%
Operating Margin	10.71%	13.68%	14.52%	10.66%	5.44%	5.79%
Profit Margin	9.25%	11.10%	9.27%	7.44%	3.77%	4.02%
Free Cash Flow Margin	5.74%	12.60%	12.97%	4.57%	3.59%	-2.02%
EBITDA	47.62	56.52	65.65	44.23	17.21	18.48
EBITDA Margin	15.88%	18.63%	18.50%	13.45%	10.14%	9.87%
D&A For EBITDA	15.5	15.03	14.14	9.16	7.99	7.64
EBIT	32.12	41.49	51.51	35.07	9.22	10.84
EBIT Margin	10.71%	13.68%	14.52%	10.66%	5.44%	5.79%
Effective Tax Rate	18.30%	18.92%	21.98%	19.39%	18.09%	21.65%
Revenue as Reported	299.85	303.27	354.84	328.92	169.65	187.18

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