Quercus TFI S.A. (WSE: QRS)

Quercus TFI Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	138.34	117.43	91.07	82.23	56.95	61.01
Revenue Growth (YoY)	59.89%	28.94%	10.75%	44.39%	-6.65%	-28.85%
Cost of Revenue	30.37	27.77	20.76	19.23	12.76	12.07
Gross Profit	107.97	89.65	70.31	63	44.19	48.94
Selling, General & Admin	52.67	45.65	43.44	26.51	17.63	31.13
Other Operating Expenses	9.38	9.5	8.42	7.18	6.89	-1.73
Operating Expenses	65	58.22	56.16	35.26	25.35	29.39
Operating Income	42.98	31.44	14.15	27.75	18.84	19.54
Interest Expense	-0.23	-0.21	-0.14	-0.05	-0.14	-0
Interest & Investment Income	3.07	2.74	2.51	0	0.29	0.45
Currency Exchange Gain (Loss)	-0.08	0.09	-0.05	-0.02	-0	-0
Other Non Operating Income (Expenses)	1.32	0.7	1.63	0.2	1.38	-0.01
EBT Excluding Unusual Items	47.05	34.75	18.1	27.88	20.37	19.98
Gain (Loss) on Sale of Investments	3.97	4.63	0.42	1.45	1.39	3.31
Gain (Loss) on Sale of Assets	-0.06	0	-	0.04	0.07	0.01
Legal Settlements	-0.07	-0.07	-0.81	-0.45	-	-
Other Unusual Items	-0.51	-	-	1.61	-0.2	-
Pretax Income	50.38	39.31	17.71	30.53	21.63	23.3
Income Tax Expense	9.67	7.59	3.02	5.41	3.8	3.72
Earnings From Continuing Operations	40.71	31.72	14.69	25.12	17.84	19.58
Minority Interest in Earnings	-1.2	-0.77	-0.59	-	-	-
Net Income	39.52	30.95	14.1	25.12	17.84	19.58
Net Income to Common	39.52	30.95	14.1	25.12	17.84	19.58
Net Income Growth	188.19%	119.52%	-43.86%	40.81%	-8.90%	-
Shares Outstanding (Basic)	54	55	56	59	57	57
Shares Outstanding (Diluted)	54	55	56	59	57	57
Shares Change (YoY)	-1.48%	-2.35%	-4.65%	3.48%	-0.04%	-
EPS (Basic)	0.73	0.56	0.25	0.42	0.31	0.34
EPS (Diluted)	0.73	0.56	0.25	0.42	0.31	0.34
EPS Growth	192.52%	124.80%	-40.57%	35.48%	-8.82%	-
Free Cash Flow	28.82	24.07	-2.62	12.11	14.3	11.87
Free Cash Flow Per Share	0.53	0.44	-0.05	0.20	0.25	0.21
Dividend Per Share	-	-	-	-	0.290	-
Gross Margin	78.05%	76.35%	77.20%	76.62%	77.59%	80.21%
Operating Margin	31.07%	26.77%	15.54%	33.75%	33.08%	32.03%
Profit Margin	28.56%	26.36%	15.48%	30.54%	31.32%	32.09%
Free Cash Flow Margin	20.83%	20.50%	-2.88%	14.72%	25.11%	19.45%
EBITDA	43.9	32.58	15.87	28.71	19.62	19.95
EBITDA Margin	31.74%	27.75%	17.43%	34.91%	34.45%	32.69%
D&A For EBITDA	0.93	1.14	1.72	0.96	0.78	0.4
EBIT	42.98	31.44	14.15	27.75	18.84	19.54
EBIT Margin	31.07%	26.77%	15.54%	33.75%	33.08%	32.03%
Effective Tax Rate	19.19%	19.32%	17.05%	17.73%	17.55%	15.98%
Revenue as Reported	140.06	118.46	93.07	83.03	58.64	61.01

Source: S&P Capital IQ. Standard template. Financial Sources.