Marvipol Development 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	547.7	461.66	377.51	588.59	393.74
Revenue Growth (YoY)	18.64%	22.29%	-35.86%	49.49%	-8.73%
Cost of Revenue	402.1	373.04	259.03	445.73	281.94
Gross Profit	145.6	88.63	118.48	142.86	111.8
Selling, General & Admin	53.22	50.08	38.48	43.97	41.14
Other Operating Expenses	-1.82	-10.12	-0.08	6.96	-1.94
Operating Expenses	51.42	40.19	38.52	52.08	39.56
Operating Income	94.18	48.44	79.96	90.78	72.24
Interest Expense	-23.78	-17.45	-10.05	-8.73	-1.52
Interest & Investment Income	6.75	10.06	12.46	7.28	3.74
Earnings From Equity Investments	2.51	3.5	-3.65	22.47	38.88
Currency Exchange Gain (Loss)	-1.79	-2.95	-14.14	2.18	-1.31
Other Non Operating Income (Expenses)	-1.79	-1.72	-0.4	-10.49	-3.61
EBT Excluding Unusual Items	76.06	39.87	64.18	103.49	108.41
Gain (Loss) on Sale of Investments	-2.26	-1.78	-0.36	-0.88	-
Gain (Loss) on Sale of Assets	0.78	1.35	4.74	8.37	5.36
Pretax Income	74.58	39.44	68.56	110.99	113.77
Income Tax Expense	16.41	7.72	13.28	21.09	18.1
Earnings From Continuing Operations	58.17	31.72	55.28	89.9	95.67
Net Income	58.17	31.72	55.28	89.9	95.67
Net Income to Common	58.17	31.72	55.28	89.9	95.67
Net Income Growth	83.39%	-42.62%	-38.52%	-6.03%	18.93%
Shares Outstanding (Basic)	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42
Shares Change (YoY)	-0.00%	-	-	-	-
EPS (Basic)	1.40	0.76	1.33	2.16	2.30
EPS (Diluted)	1.40	0.76	1.33	2.16	2.30
EPS Growth	83.76%	-42.73%	-38.52%	-6.03%	19.01%
Free Cash Flow	40.6	-44.54	59.21	68.71	66.4
Free Cash Flow Per Share	0.97	-1.07	1.42	1.65	1.59
Dividend Per Share	-	0.600	1.060	-	1.140
Dividend Growth	-	-43.40%	-	-	20.00%
Gross Margin	26.58%	19.20%	31.38%	24.27%	28.39%
Operating Margin	17.20%	10.49%	21.18%	15.42%	18.35%
Profit Margin	10.62%	6.87%	14.64%	15.27%	24.30%
Free Cash Flow Margin	7.41%	-9.65%	15.68%	11.67%	16.86%
EBITDA	96.99	51.1	82.13	92.22	73.01
EBITDA Margin	17.71%	11.07%	21.76%	15.67%	18.54%
D&A For EBITDA	2.82	2.67	2.17	1.44	0.77
EBIT	94.18	48.44	79.96	90.78	72.24
EBIT Margin	17.20%	10.49%	21.18%	15.42%	18.35%
Effective Tax Rate	22.00%	19.57%	19.37%	19.00%	15.91%

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