Passus Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	123.33	107.5	86.86	76.45	63.01
Revenue Growth (YoY)	14.73%	23.76%	13.62%	21.33%	46.69%
Cost of Revenue	76.77	63.29	48.22	42.49	37.15
Gross Profit	46.56	44.21	38.64	33.96	25.86
Selling, General & Admin	30.83	27.68	24.5	24.98	15.97
Other Operating Expenses	0.93	2.44	1.42	0.14	-1.58
Operating Expenses	33.34	35.26	27.79	28.17	17.16
Operating Income	13.22	8.95	10.84	5.79	8.69
Interest Expense	-0.08	-0.2	-0.2	-0.15	-0.15
Interest & Investment Income	0.33	0.18	0.02	0.02	0.02
Currency Exchange Gain (Loss)	-0.47	0.17	-0.6	0.06	0.01
Other Non Operating Income (Expenses)	-0.12	2.9	-0.07	-0.05	-0.05
EBT Excluding Unusual Items	12.88	12	9.99	5.66	8.52
Gain (Loss) on Sale of Assets	-	-0.02	-0.02	-0.01	0.06
Pretax Income	12.88	11.99	9.97	5.65	8.59
Income Tax Expense	1.62	1.84	2.15	0.8	1.83
Earnings From Continuing Operations	11.26	10.15	7.82	4.85	6.76
Earnings From Discontinued Operations	-	2.95	-5.35	-	-
Net Income to Company	11.26	13.09	2.47	4.85	6.76
Minority Interest in Earnings	-1.1	0.18	-0.85	-0.53	-0.78
Net Income	10.16	13.28	1.62	4.32	5.98
Net Income to Common	10.16	13.28	1.62	4.32	5.98
Net Income Growth	-23.45%	718.43%	-62.48%	-27.70%	203.23%
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
Shares Change (YoY)	-8.06%	-	-	0.24%	6.88%
EPS (Basic)	5.38	6.47	0.79	2.11	3.12
EPS (Diluted)	5.38	6.47	0.79	2.11	2.92
EPS Growth	-16.81%	718.60%	-62.49%	-27.88%	183.74%
Free Cash Flow	5.13	5.97	-10.68	28.03	11
Free Cash Flow Per Share	2.72	2.91	-5.20	13.65	5.37
Dividend Per Share	-	1.960	2.920	-	-
Dividend Growth	-	-32.88%	-	-	-
Gross Margin	37.75%	41.12%	44.48%	44.42%	41.03%
Operating Margin	10.72%	8.33%	12.48%	7.57%	13.79%
Profit Margin	8.24%	12.35%	1.87%	5.66%	9.49%
Free Cash Flow Margin	4.16%	5.55%	-12.29%	36.66%	17.46%
EBITDA	13.45	9.51	11.58	6.34	8.98
EBITDA Margin	10.91%	8.84%	13.33%	8.29%	14.24%
D&A For EBITDA	0.23	0.56	0.74	0.55	0.28
EBIT	13.22	8.95	10.84	5.79	8.69
EBIT Margin	10.72%	8.33%	12.48%	7.57%	13.79%
Effective Tax Rate	12.59%	15.34%	21.55%	14.15%	21.31%

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