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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	161.38	155.03	117.43	91.07	82.23	56.95
Revenue Growth (YoY)	27.74%	32.02%	28.94%	10.75%	44.39%	-6.65%
Cost of Revenue	34.36	33.74	27.77	20.76	19.23	12.76
Gross Profit	127.02	121.29	89.65	70.31	63	44.19
Selling, General & Admin	64.8	61.15	45.65	43.44	26.51	17.63
Other Operating Expenses	4.96	7.87	9.5	8.42	7.18	6.89
Operating Expenses	73.26	72.6	58.22	56.16	35.26	25.35
Operating Income	53.76	48.69	31.44	14.15	27.75	18.84
Interest Expense	-0.14	-0.21	-0.21	-0.14	-0.05	-0.14
Interest & Investment Income	3.17	3.17	2.74	2.51	0	0.29
Currency Exchange Gain (Loss)	-0.13	-0.13	0.09	-0.05	-0.02	-0
Other Non Operating Income (Expenses)	-0.61	0.84	0.7	1.63	0.2	1.38
EBT Excluding Unusual Items	56.05	52.36	34.75	18.1	27.88	20.37
Gain (Loss) on Sale of Investments	-15.72	-15.72	4.63	0.42	1.45	1.39
Gain (Loss) on Sale of Assets	0.14	0.14	0	-	0.04	0.07
Legal Settlements	-0.59	-0.59	-0.07	-0.81	-0.45	-
Other Unusual Items	19.22	19.22	-	-	1.61	-0.2
Pretax Income	59.11	55.41	39.31	17.71	30.53	21.63
Income Tax Expense	11.69	10.76	7.59	3.02	5.41	3.8
Earnings From Continuing Operations	47.42	44.66	31.72	14.69	25.12	17.84
Minority Interest in Earnings	-1.55	-1.43	-0.77	-0.59	-	-
Net Income	45.88	43.23	30.95	14.1	25.12	17.84
Net Income to Common	45.88	43.23	30.95	14.1	25.12	17.84
Net Income Growth	34.45%	39.69%	119.52%	-43.86%	40.81%	-8.90%
Shares Outstanding (Basic)	52	52	55	56	59	57
Shares Outstanding (Diluted)	52	52	55	56	59	57
Shares Change (YoY)	18.03%	-5.57%	-2.35%	-4.65%	3.48%	-0.04%
EPS (Basic)	0.88	0.83	0.56	0.25	0.42	0.31
EPS (Diluted)	0.88	0.83	0.56	0.25	0.42	0.31
EPS Growth	13.92%	47.93%	124.80%	-40.57%	35.48%	-8.82%
Free Cash Flow	54.11	28.17	24.07	-2.62	12.11	14.3
Free Cash Flow Per Share	1.04	0.54	0.44	-0.05	0.20	0.25
Dividend Per Share	-	-	-	-	-	0.290
Gross Margin	78.71%	78.24%	76.35%	77.20%	76.62%	77.59%
Operating Margin	33.31%	31.41%	26.77%	15.54%	33.75%	33.08%
Profit Margin	28.43%	27.89%	26.36%	15.48%	30.54%	31.32%
Free Cash Flow Margin	33.53%	18.17%	20.50%	-2.88%	14.72%	25.11%
EBITDA	55.05	50.06	32.58	15.87	28.71	19.62
EBITDA Margin	34.12%	32.29%	27.75%	17.42%	34.91%	34.45%
D&A For EBITDA	1.3	1.37	1.14	1.72	0.96	0.78
EBIT	53.76	48.69	31.44	14.15	27.75	18.84
EBIT Margin	33.31%	31.41%	26.77%	15.54%	33.75%	33.08%
Effective Tax Rate	19.77%	19.41%	19.32%	17.05%	17.73%	17.55%
Revenue as Reported	183.25	176.91	118.46	93.07	83.03	58.64

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