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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	110.38	107.5	86.86	76.45	63.01	42.95
Revenue Growth (YoY)	34.68%	23.76%	13.62%	21.33%	46.69%	11.08%
Cost of Revenue	65.34	63.29	48.22	42.49	37.15	18.42
Gross Profit	45.04	44.21	38.64	33.96	25.86	24.54
Selling, General & Admin	27.86	27.68	24.5	24.98	15.97	19.18
Other Operating Expenses	2.26	2.44	1.42	0.14	-1.58	-0.14
Operating Expenses	35.24	35.26	27.79	28.17	17.16	21.1
Operating Income	9.8	8.95	10.84	5.79	8.69	3.43
Interest Expense	-0.36	-0.2	-0.2	-0.15	-0.15	-0.4
Interest & Investment Income	0.18	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)	2.86	2.9	-0.07	-0.05	-0.05	-0.1
EBT Excluding Unusual Items	12.65	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	12.63	11.99	9.97	5.65	8.59	2.78
Income Tax Expense	2.21	1.84	2.15	0.8	1.83	0.62
Earnings From Continuing Operations	10.42	10.15	7.82	4.85	6.76	2.17
Earnings From Discontinued Operations	4.73	2.95	-5.35	-	-	-
Net Income to Company	15.15	13.09	2.47	4.85	6.76	2.17
Minority Interest in Earnings	0.15	0.18	-0.85	-0.53	-0.78	-0.2
Net Income	15.3	13.28	1.62	4.32	5.98	1.97
Net Income to Common	15.3	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)	-0.03%	-	-	0.24%	6.88%	-
EPS (Basic)	7.71	6.47	0.79	2.11	3.12	1.03
EPS (Diluted)	7.71	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	10.59	5.97	-10.68	28.03	11	-1.68
Free Cash Flow Per Share	5.34	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	40.80%	41.12%	44.48%	44.42%	41.03%	57.13%
Operating Margin	8.88%	8.33%	12.48%	7.57%	13.79%	7.99%
Profit Margin	13.86%	12.35%	1.87%	5.66%	9.49%	4.59%
Free Cash Flow Margin	9.59%	5.55%	-12.29%	36.66%	17.46%	-3.90%
EBITDA	9.43	9.51	11.58	6.34	8.98	5.72
EBITDA Margin	8.54%	8.84%	13.33%	8.29%	14.24%	13.33%
D&A For EBITDA	-0.37	0.56	0.74	0.55	0.28	2.29
EBIT	9.8	8.95	10.84	5.79	8.69	3.43
EBIT Margin	8.88%	8.33%	12.48%	7.57%	13.79%	7.99%
Effective Tax Rate	17.49%	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.