Quercus TFI S.A. (WSE:QRS)

Quercus TFI 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	188.51	155.03	117.43	91.07	82.23	56.95
Revenue Growth (YoY)	27.87%	32.02%	28.94%	10.75%	44.39%	-6.65%
Cost of Revenue	37.81	33.74	27.77	20.76	19.23	12.76
Gross Profit	150.7	121.29	89.65	70.31	63	44.19
Selling, General & Admin	73.71	61.15	45.65	43.44	26.51	17.63
Other Operating Expenses	8.58	7.87	9.5	8.42	7.18	6.89
Operating Expenses	86.37	72.6	58.22	56.16	35.26	25.35
Operating Income	64.34	48.69	31.44	14.15	27.75	18.84
Interest Expense	-0.18	-0.21	-0.21	-0.14	-0.05	-0.14
Interest & Investment Income	3.94	3.17	2.74	2.51	0	0.29
Currency Exchange Gain (Loss)	-0.14	-0.13	0.09	-0.05	-0.02	-0
Other Non Operating Income (Expenses)	2.13	0.84	0.7	1.63	0.2	1.38
EBT Excluding Unusual Items	70.08	52.36	34.75	18.1	27.88	20.37
Gain (Loss) on Sale of Investments	-17.04	-15.72	4.63	0.42	1.45	1.39
Gain (Loss) on Sale of Assets	0.05	0.14	0	-	0.04	0.07
Legal Settlements	-0.98	-0.59	-0.07	-0.81	-0.45	-
Other Unusual Items	19.22	19.22	-	-	1.61	-0.2
Pretax Income	71.33	55.41	39.31	17.71	30.53	21.63
Income Tax Expense	13.92	10.76	7.59	3.02	5.41	3.8
Earnings From Continuing Operations	57.42	44.66	31.72	14.69	25.12	17.84
Minority Interest in Earnings	-1.9	-1.43	-0.77	-0.59	-	-
Net Income	55.52	43.23	30.95	14.1	25.12	17.84
Net Income to Common	55.52	43.23	30.95	14.1	25.12	17.84
Net Income Growth	29.71%	39.69%	119.52%	-43.86%	40.81%	-8.90%
Shares Outstanding (Basic)	46	52	55	56	59	57
Shares Outstanding (Diluted)	46	52	55	56	59	57
Shares Change (YoY)	-15.20%	-5.57%	-2.35%	-4.65%	3.48%	-0.04%
EPS (Basic)	1.21	0.83	0.56	0.25	0.42	0.31
EPS (Diluted)	1.21	0.83	0.56	0.25	0.42	0.31
EPS Growth	52.95%	47.93%	124.80%	-40.57%	35.48%	-8.82%
Free Cash Flow	95.51	28.17	24.07	-2.62	12.11	14.3
Free Cash Flow Per Share	2.08	0.54	0.44	-0.05	0.20	0.25
Dividend Per Share	-	-	-	-	-	0.290
Gross Margin	79.94%	78.24%	76.35%	77.20%	76.62%	77.59%
Operating Margin	34.13%	31.41%	26.77%	15.54%	33.75%	33.08%
Profit Margin	29.45%	27.89%	26.36%	15.48%	30.54%	31.32%
Free Cash Flow Margin	50.67%	18.17%	20.50%	-2.88%	14.72%	25.11%
EBITDA	65.99	50.06	32.58	15.87	28.71	19.62
EBITDA Margin	35.01%	32.29%	27.75%	17.42%	34.91%	34.45%
D&A For EBITDA	1.65	1.37	1.14	1.72	0.96	0.78
EBIT	64.34	48.69	31.44	14.15	27.75	18.84
EBIT Margin	34.13%	31.41%	26.77%	15.54%	33.75%	33.08%
Effective Tax Rate	19.51%	19.41%	19.32%	17.05%	17.73%	17.55%
Revenue as Reported	211.07	176.91	118.46	93.07	83.03	58.64

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