Passus S.A. (WSE:PAS)

Passus Financials Overview

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

Revenue & Profits

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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 Revenue Growth	213.61	193.91	152.06	113.25	112.67	62.63
Revenue Growth	26.16%	27.52%	34.27%	0.52%	79.90%	45.81%
Gross Profit Gross Profit Growth	171.47	154.58	127.13	92.25	80.1	10.17
Operating Income Operating Income Growth	15.17	13.26	12.21	7.55	5.92	8.64
Net Income Net Income Growth	12.94	11.26	10.23	3.36	4.85	6.11
Earnings Per Share EPS Growth	6.65	4.67	4.99	2.79	2.11	2.92
EPS Growth	64.60%	-6.41%	78.85%	32.23%	-27.74%	183.74%

Revenue by Segment

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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
AWS Services AWS Services Growth	34.27	26.55	12.88	19.44	10.13	6.26
IT Integration IT Integration Growth	101.05	96.54	94.61	66.5	62.99	43.24
Holding Holding Growth	0.24	0.24	0	-	-	-
Total Total Growth	135.56	123.33	107.5	86.86	78.15	63.01

Cash & Debt

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Fiscal Year	Current	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
Cash & Investments Cash & Investments Growth	9.45	15.64	24.8	16.85	32	10.17
Total Debt Total Debt Growth	4.19	0.81	1.04	1.17	1.08	0
Net Cash (Debt) Net Cash Growth	5.27	14.84	23.75	15.68	30.92	10.17
Net Cash Growth	-67.47%	-37.53%	51.52%	-49.30%	203.94%	191.80%
Net Cash Per Share Net Cash Per Share Growth	2.68	7.86	11.57	7.64	15.06	4.97

Cash Flow & CapEx

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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
Operating Cash Flow Operating Cash Flow Growth	-4.88	3.79	6.94	-9.77	28.21	8.06
Capital Expenditures CapEx Growth	-0.01	-	-0.02	-3.06	-6	1.1
Free Cash Flow Free Cash Flow Growth	-4.89	3.79	6.92	-12.83	22.21	9.16
Free Cash Flow Growth	-	-45.23%	-	-	142.47%	77.14%

Margins

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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
Gross Margin	80.27%	79.72%	83.60%	81.46%	71.09%	16.23%
Operating Margin	7.10%	6.84%	8.03%	6.66%	5.25%	13.80%
Pretax Margin	6.98%	6.64%	7.97%	6.47%	5.02%	13.18%
Profit Margin	6.06%	5.81%	6.73%	5.06%	4.31%	11.00%
FCF Margin	-2.29%	1.96%	4.55%	-11.32%	19.71%	14.63%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.960	-	1.960	2.920	-	-
Dividend Per Share Growth	27.55%	-	-32.88%	-	-	-
Dividend Yield	1.60%	1.97%	10.58%	0.00%	0.00%	-0.13%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 26, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	20.66	20.13	5.53	7.81	14.46	17.98
Forward PE	-	11.89	11.89	11.89	17.26	-
P/FCF Ratio	-	41.63	8.19	-	2.82	10.98
PS Ratio	1.46	0.81	0.37	0.40	0.56	1.61

Data Sources: Fiscal.ai and S&P Global Market Intelligence Last updated: May 7, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company. Revenue segment data is provided by S&P Global Market Intelligence.

Update frequency:

Quarterly

Last checked:

Jul 24, 2026

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