Passus S.A. (WSE:PAS)

Passus Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	135.56	123.33	107.5	86.86	76.45	63.01
Revenue Growth (YoY)	22.81%	14.73%	23.76%	13.62%	21.33%	46.69%
Cost of Revenue	84.37	76.77	63.29	48.22	42.49	37.15
Gross Profit	51.19	46.56	44.21	38.64	33.96	25.86
Selling, General & Admin	33.16	30.83	27.68	24.5	24.98	15.97
Other Operating Expenses	1.47	0.93	2.44	1.42	0.14	-1.58
Operating Expenses	36.07	33.34	35.26	27.79	28.17	17.16
Operating Income	15.11	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	0.42	0.33	0.18	0.02	0.02	0.02
Currency Exchange Gain (Loss)	-0.47	-0.47	0.17	-0.6	0.06	0.01
Other Non Operating Income (Expenses)	-0.15	-0.12	2.9	-0.07	-0.05	-0.05
EBT Excluding Unusual Items	14.91	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	14.91	12.88	11.99	9.97	5.65	8.59
Income Tax Expense	1.98	1.62	1.84	2.15	0.8	1.83
Earnings From Continuing Operations	12.94	11.26	10.15	7.82	4.85	6.76
Earnings From Discontinued Operations	-	-	2.95	-5.35	-	-
Net Income to Company	12.94	11.26	13.09	2.47	4.85	6.76
Minority Interest in Earnings	-1.62	-1.1	0.18	-0.85	-0.53	-0.78
Net Income	11.32	10.16	13.28	1.62	4.32	5.98
Net Income to Common	11.32	10.16	13.28	1.62	4.32	5.98
Net Income Growth	-26.03%	-23.45%	718.43%	-62.48%	-27.70%	203.23%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-3.96%	-8.06%	-	-	0.24%	6.88%
EPS (Basic)	5.93	5.38	6.47	0.79	2.11	3.12
EPS (Diluted)	5.93	5.38	6.47	0.79	2.11	2.92
EPS Growth	-23.04%	-16.81%	718.60%	-62.49%	-27.88%	183.74%
Free Cash Flow	-4.89	5.13	5.97	-10.68	28.03	11
Free Cash Flow Per Share	-2.56	2.72	2.91	-5.20	13.65	5.37
Dividend Per Share	-	-	1.960	2.920	-	-
Dividend Growth	-	-	-32.88%	-	-	-
Gross Margin	37.76%	37.75%	41.12%	44.48%	44.42%	41.03%
Operating Margin	11.15%	10.72%	8.33%	12.48%	7.57%	13.79%
Profit Margin	8.35%	8.24%	12.35%	1.87%	5.66%	9.49%
Free Cash Flow Margin	-3.61%	4.16%	5.55%	-12.29%	36.66%	17.46%
EBITDA	15.19	13.45	9.51	11.58	6.34	8.98
EBITDA Margin	11.21%	10.91%	8.84%	13.33%	8.29%	14.24%
D&A For EBITDA	0.08	0.23	0.56	0.74	0.55	0.28
EBIT	15.11	13.22	8.95	10.84	5.79	8.69
EBIT Margin	11.15%	10.72%	8.33%	12.48%	7.57%	13.79%
Effective Tax Rate	13.26%	12.59%	15.34%	21.55%	14.15%	21.31%

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