Marvipol Development Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	545.62	547.7	461.66	377.51	588.59	393.74
Revenue Growth (YoY)	16.02%	18.64%	22.29%	-35.86%	49.49%	-8.73%
Cost of Revenue	399.57	402.1	373.04	259.03	445.73	281.94
Gross Profit	146.06	145.6	88.63	118.48	142.86	111.8
Selling, General & Admin	51.53	53.22	50.08	38.48	43.97	41.14
Other Operating Expenses	-1.45	-1.82	-10.12	-0.08	6.96	-1.94
Operating Expenses	50.1	51.42	40.19	38.52	52.08	39.56
Operating Income	95.96	94.18	48.44	79.96	90.78	72.24
Interest Expense	-22.25	-23.78	-17.45	-10.05	-8.73	-1.52
Interest & Investment Income	6.75	6.75	10.06	12.46	7.28	3.74
Earnings From Equity Investments	3.84	2.51	3.5	-3.65	22.47	38.88
Currency Exchange Gain (Loss)	-1.79	-1.79	-2.95	-14.14	2.18	-1.31
Other Non Operating Income (Expenses)	1.08	-1.79	-1.72	-0.4	-10.49	-3.61
EBT Excluding Unusual Items	83.58	76.06	39.87	64.18	103.49	108.41
Gain (Loss) on Sale of Investments	-2.26	-2.26	-1.78	-0.36	-0.88	-
Gain (Loss) on Sale of Assets	0.78	0.78	1.35	4.74	8.37	5.36
Pretax Income	82.11	74.58	39.44	68.56	110.99	113.77
Income Tax Expense	16.44	16.41	7.72	13.28	21.09	18.1
Earnings From Continuing Operations	65.67	58.17	31.72	55.28	89.9	95.67
Net Income	65.67	58.17	31.72	55.28	89.9	95.67
Net Income to Common	65.67	58.17	31.72	55.28	89.9	95.67
Net Income Growth	164.50%	83.39%	-42.62%	-38.52%	-6.03%	18.93%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change (YoY)	0.21%	-0.00%	-	-	-	-
EPS (Basic)	1.57	1.40	0.76	1.33	2.16	2.30
EPS (Diluted)	1.57	1.40	0.76	1.33	2.16	2.30
EPS Growth	164.00%	83.76%	-42.73%	-38.52%	-6.03%	19.01%
Free Cash Flow	2.18	40.6	-44.54	59.21	68.71	66.4
Free Cash Flow Per Share	0.05	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	26.77%	26.58%	19.20%	31.38%	24.27%	28.39%
Operating Margin	17.59%	17.20%	10.49%	21.18%	15.42%	18.35%
Profit Margin	12.04%	10.62%	6.87%	14.64%	15.27%	24.30%
Free Cash Flow Margin	0.40%	7.41%	-9.65%	15.68%	11.67%	16.86%
EBITDA	98.77	96.99	51.1	82.13	92.22	73.01
EBITDA Margin	18.10%	17.71%	11.07%	21.76%	15.67%	18.54%
D&A For EBITDA	2.82	2.82	2.67	2.17	1.44	0.77
EBIT	95.96	94.18	48.44	79.96	90.78	72.24
EBIT Margin	17.59%	17.20%	10.49%	21.18%	15.42%	18.35%
Effective Tax Rate	20.02%	22.00%	19.57%	19.37%	19.00%	15.91%