PJP Makrum Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	466.96	444.49	427.21	532.41	312.07	341.88
Revenue Growth (YoY)	4.63%	4.05%	-19.76%	70.61%	-8.72%	25.69%
Cost of Revenue	381.45	354.75	334.54	429.28	256.19	271.56
Gross Profit	85.52	89.74	92.67	103.13	55.88	70.33
Selling, General & Admin	76.39	76.71	70.53	66.82	52.33	46.33
Other Operating Expenses	0.28	0.4	0.09	0.35	-0.42	-0.68
Operating Expenses	77.18	78.54	71.49	67.47	52.86	48.71
Operating Income	8.34	11.21	21.18	35.67	3.02	21.61
Interest Expense	-7.87	-8.76	-5.99	-3.49	-1.1	-1.26
Interest & Investment Income	9.42	11.94	7.69	6.04	3.88	2.2
Currency Exchange Gain (Loss)	-0.87	0.49	1.72	-1.25	0.03	-0.82
Other Non Operating Income (Expenses)	-3.58	-3.73	-2.09	-0.95	-1.59	-1.75
EBT Excluding Unusual Items	5.44	11.14	22.51	36.01	4.25	19.98
Impairment of Goodwill	-0.03	-0.02	-1	-	-	-0.35
Gain (Loss) on Sale of Assets	0.09	-0.02	0.73	0.08	0.06	0.05
Asset Writedown	1.06	1.06	0.56	-0.72	-0.76	0.55
Other Unusual Items	0.16	0.16	0.17	0.22	-	-
Pretax Income	6.73	12.32	22.96	35.59	3.55	20.24
Income Tax Expense	0.92	1.86	5.29	7.04	1.67	5.37
Net Income	5.8	10.46	17.67	28.55	1.88	14.87
Net Income to Common	5.8	10.46	17.67	28.55	1.88	14.87
Net Income Growth	-48.94%	-40.82%	-38.12%	1420.23%	-87.37%	167.66%
Shares Outstanding (Basic)	6	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6	6
Shares Change (YoY)	0.65%	-	-	-	-	-
EPS (Basic)	0.96	1.75	2.95	4.77	0.31	2.49
EPS (Diluted)	0.96	1.75	2.95	4.77	0.31	2.49
EPS Growth	-49.20%	-40.76%	-38.16%	1438.71%	-87.53%	167.66%
Free Cash Flow	9.75	3.14	12.23	20.94	10.13	14.43
Free Cash Flow Per Share	1.62	0.53	2.04	3.50	1.69	2.41
Dividend Per Share	0.510	0.510	1.400	0.510	-	0.340
Dividend Growth	-63.57%	-63.57%	174.51%	-	-	-43.33%
Gross Margin	18.31%	20.19%	21.69%	19.37%	17.91%	20.57%
Operating Margin	1.79%	2.52%	4.96%	6.70%	0.97%	6.32%
Profit Margin	1.24%	2.35%	4.13%	5.36%	0.60%	4.35%
Free Cash Flow Margin	2.09%	0.71%	2.86%	3.93%	3.25%	4.22%
EBITDA	9.28	15.42	25.07	39.24	5.32	23.61
EBITDA Margin	1.99%	3.47%	5.87%	7.37%	1.70%	6.91%
D&A For EBITDA	0.94	4.22	3.89	3.57	2.3	1.99
EBIT	8.34	11.21	21.18	35.67	3.02	21.61
EBIT Margin	1.79%	2.52%	4.96%	6.70%	0.97%	6.32%
Effective Tax Rate	13.74%	15.10%	23.06%	19.79%	47.04%	26.52%

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