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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,741	1,589	1,231	963.86	917.55	1,320
Revenue Growth (YoY)	47.70%	29.10%	27.73%	5.05%	-30.49%	47.32%
Cost of Revenue	1,345	1,255	969.68	815.39	745.17	962.47
Gross Profit	395.43	334.08	261.42	148.47	172.38	357.62
Selling, General & Admin	146.5	141.3	118.64	99.41	94.72	90.89
Other Operating Expenses	-4.04	-4.24	-1.7	-4.92	-5.66	-3.55
Operating Expenses	142.46	137.06	117.71	94.5	89.05	87.35
Operating Income	252.96	197.02	143.71	53.97	83.33	270.27
Interest Expense	-13.48	-14.6	-28.49	-34.36	-10.41	-14.06
Interest & Investment Income	14.55	16.19	9.97	1.88	2.05	2.63
Currency Exchange Gain (Loss)	0.67	-	-0.79	0.85	-2.16	0.65
Other Non Operating Income (Expenses)	-11.16	-11.65	-9.53	-0.31	-3.77	-5.1
EBT Excluding Unusual Items	243.54	186.97	114.88	22.04	69.04	254.39
Gain (Loss) on Sale of Assets	-0.43	0.15	1.96	0.86	9.02	-1.46
Asset Writedown	-22.39	-20.18	-3.92	-1.55	-4.93	-14.32
Legal Settlements	-16.32	-16.57	0.08	0.31	0.05	-0.18
Other Unusual Items	0.67	-	-	-	6.21	-
Pretax Income	205.06	150.37	113	21.66	79.38	238.43
Income Tax Expense	44.41	27.56	17.92	-1.08	8.11	19.49
Earnings From Continuing Operations	160.65	122.81	95.08	22.75	71.27	218.94
Earnings From Discontinued Operations	-0.09	-0.09	-	-	-	-
Net Income to Company	160.56	122.72	95.08	22.75	71.27	218.94
Minority Interest in Earnings	-0.8	-0.59	0.1	0.01	0.39	-0.28
Net Income	159.76	122.13	95.18	22.76	71.66	218.66
Net Income to Common	159.76	122.13	95.18	22.76	71.66	218.66
Net Income Growth	90.33%	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)	-0.17%	-	-	-	-	-
EPS (Basic)	3.56	2.71	2.12	0.51	1.59	4.86
EPS (Diluted)	3.55	2.71	2.11	0.51	1.59	4.86
EPS Growth	90.98%	28.63%	317.16%	-68.24%	-67.23%	144.40%
Free Cash Flow	38.77	-79.18	661.83	-20.65	74.3	198.24
Free Cash Flow Per Share	0.86	-1.76	14.71	-0.46	1.65	4.41
Dividend Per Share	-	-	0.960	-	0.250	1.500
Dividend Growth	-	-	-	-	-83.33%	50.00%
Gross Margin	22.72%	21.02%	21.23%	15.40%	18.79%	27.09%
Operating Margin	14.53%	12.40%	11.67%	5.60%	9.08%	20.47%
Profit Margin	9.18%	7.68%	7.73%	2.36%	7.81%	16.56%
Free Cash Flow Margin	2.23%	-4.98%	53.76%	-2.14%	8.10%	15.02%
EBITDA	287.8	229.25	172.41	81.76	111.78	295.33
EBITDA Margin	16.53%	14.42%	14.00%	8.48%	12.18%	22.37%
D&A For EBITDA	34.83	32.23	28.7	27.79	28.45	25.06
EBIT	252.96	197.02	143.71	53.97	83.33	270.27
EBIT Margin	14.53%	12.40%	11.67%	5.60%	9.08%	20.47%
Effective Tax Rate	21.66%	18.32%	15.86%	-	10.22%	8.18%

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