Newag S.A. (WSE:NWG)

Newag 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	1,863	1,589	1,231	963.86	917.55	1,320
Revenue Growth (YoY)	36.80%	29.10%	27.73%	5.05%	-30.49%	47.32%
Cost of Revenue	1,430	1,255	969.68	815.39	745.17	962.47
Gross Profit	433.46	334.08	261.42	148.47	172.38	357.62
Selling, General & Admin	155.53	141.3	118.64	99.41	94.72	90.89
Other Operating Expenses	-3.39	-4.24	-1.7	-4.92	-5.66	-3.55
Operating Expenses	152.14	137.06	117.71	94.5	89.05	87.35
Operating Income	281.32	197.02	143.71	53.97	83.33	270.27
Interest Expense	-13	-14.6	-28.49	-34.36	-10.41	-14.06
Interest & Investment Income	13.96	16.19	9.97	1.88	2.05	2.63
Currency Exchange Gain (Loss)	0.27	-	-0.79	0.85	-2.16	0.65
Other Non Operating Income (Expenses)	-11.19	-11.65	-9.53	-0.31	-3.77	-5.1
EBT Excluding Unusual Items	271.35	186.97	114.88	22.04	69.04	254.39
Gain (Loss) on Sale of Assets	-0.36	0.15	1.96	0.86	9.02	-1.46
Asset Writedown	-4.73	-20.18	-3.92	-1.55	-4.93	-14.32
Legal Settlements	-17.75	-16.57	0.08	0.31	0.05	-0.18
Other Unusual Items	0.67	-	-	-	6.21	-
Pretax Income	249.19	150.37	113	21.66	79.38	238.43
Income Tax Expense	43.39	27.56	17.92	-1.08	8.11	19.49
Earnings From Continuing Operations	205.8	122.81	95.08	22.75	71.27	218.94
Earnings From Discontinued Operations	-0.09	-0.09	-	-	-	-
Net Income to Company	205.71	122.72	95.08	22.75	71.27	218.94
Minority Interest in Earnings	-0.83	-0.59	0.1	0.01	0.39	-0.28
Net Income	204.88	122.13	95.18	22.76	71.66	218.66
Net Income to Common	204.88	122.13	95.18	22.76	71.66	218.66
Net Income Growth	102.84%	28.31%	318.19%	-68.24%	-67.23%	144.33%
Shares Outstanding (Basic)	45	45	45	45	45	45
Shares Outstanding (Diluted)	45	45	45	45	45	45
Shares Change (YoY)	0.73%	-	-	-	-	-
EPS (Basic)	4.54	2.71	2.12	0.51	1.59	4.86
EPS (Diluted)	4.54	2.71	2.11	0.51	1.59	4.86
EPS Growth	101.73%	28.63%	317.16%	-68.24%	-67.23%	144.40%
Free Cash Flow	102.81	-79.18	661.83	-20.65	74.3	198.24
Free Cash Flow Per Share	2.28	-1.76	14.71	-0.46	1.65	4.41
Dividend Per Share	2.000	2.000	0.960	-	0.250	1.500
Dividend Growth	108.33%	108.33%	-	-	-83.33%	50.00%
Gross Margin	23.26%	21.02%	21.23%	15.40%	18.79%	27.09%
Operating Margin	15.10%	12.40%	11.67%	5.60%	9.08%	20.47%
Profit Margin	11.00%	7.68%	7.73%	2.36%	7.81%	16.56%
Free Cash Flow Margin	5.52%	-4.98%	53.76%	-2.14%	8.10%	15.02%
EBITDA	318.12	229.25	172.41	81.76	111.78	295.33
EBITDA Margin	17.07%	14.42%	14.00%	8.48%	12.18%	22.37%
D&A For EBITDA	36.81	32.23	28.7	27.79	28.45	25.06
EBIT	281.32	197.02	143.71	53.97	83.33	270.27
EBIT Margin	15.10%	12.40%	11.67%	5.60%	9.08%	20.47%
Effective Tax Rate	17.41%	18.32%	15.86%	-	10.22%	8.18%

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