Passus S.A. (WSE:PAS)

Passus 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	110.17	107.5	86.86	76.45	63.01	42.95
Revenue Growth (YoY)	29.21%	23.76%	13.62%	21.33%	46.69%	11.08%
Cost of Revenue	64.1	63.29	48.22	42.49	37.15	18.42
Gross Profit	46.07	44.21	38.64	33.96	25.86	24.54
Selling, General & Admin	28.11	27.68	24.5	24.98	15.97	19.18
Other Operating Expenses	1.46	2.44	1.42	0.14	-1.58	-0.14
Operating Expenses	33.69	35.26	27.79	28.17	17.16	21.1
Operating Income	12.38	8.95	10.84	5.79	8.69	3.43
Interest Expense	-1.93	-0.2	-0.2	-0.15	-0.15	-0.4
Interest & Investment Income	-	0.18	0.02	0.02	0.02	0.02
Currency Exchange Gain (Loss)	0.17	0.17	-0.6	0.06	0.01	-
Other Non Operating Income (Expenses)	3.12	2.9	-0.07	-0.05	-0.05	-0.1
EBT Excluding Unusual Items	13.74	12	9.99	5.66	8.52	2.95
Impairment of Goodwill	-	-	-	-	-	-0.23
Gain (Loss) on Sale of Assets	-0.02	-0.02	-0.02	-0.01	0.06	-
Asset Writedown	-	-	-	-	-	0.06
Pretax Income	13.72	11.99	9.97	5.65	8.59	2.78
Income Tax Expense	2.2	1.84	2.15	0.8	1.83	0.62
Earnings From Continuing Operations	11.53	10.15	7.82	4.85	6.76	2.17
Earnings From Discontinued Operations	4.73	2.95	-5.35	-	-	-
Net Income to Company	16.25	13.09	2.47	4.85	6.76	2.17
Minority Interest in Earnings	0.14	0.18	-0.85	-0.53	-0.78	-0.2
Net Income	16.39	13.28	1.62	4.32	5.98	1.97
Net Income to Common	16.39	13.28	1.62	4.32	5.98	1.97
Net Income Growth	-	718.43%	-62.48%	-27.70%	203.23%	150.87%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-4.17%	-	-	0.24%	6.88%	-
EPS (Basic)	8.42	6.47	0.79	2.11	3.12	1.03
EPS (Diluted)	8.42	6.47	0.79	2.11	2.92	1.03
EPS Growth	-	718.60%	-62.49%	-27.88%	183.74%	150.87%
Free Cash Flow	8.84	5.97	-10.68	28.03	11	-1.68
Free Cash Flow Per Share	4.54	2.91	-5.20	13.65	5.37	-0.87
Dividend Per Share	1.960	1.960	2.920	-	-	0.070
Dividend Growth	-32.88%	-32.88%	-	-	-	40.00%
Gross Margin	41.82%	41.12%	44.48%	44.42%	41.03%	57.13%
Operating Margin	11.24%	8.33%	12.48%	7.57%	13.79%	7.99%
Profit Margin	14.88%	12.35%	1.87%	5.66%	9.49%	4.59%
Free Cash Flow Margin	8.02%	5.55%	-12.29%	36.66%	17.46%	-3.90%
EBITDA	13.22	9.51	11.58	6.34	8.98	5.72
EBITDA Margin	12.00%	8.84%	13.33%	8.29%	14.24%	13.33%
D&A For EBITDA	0.84	0.56	0.74	0.55	0.28	2.29
EBIT	12.38	8.95	10.84	5.79	8.69	3.43
EBIT Margin	11.24%	8.33%	12.48%	7.57%	13.79%	7.99%
Effective Tax Rate	16.00%	15.34%	21.55%	14.15%	21.31%	22.13%
Revenue as Reported	-	-	-	-	-	42.95

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