Quercus TFI Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	223	202.61	155.03	117.43	91.07	82.23
Revenue Growth (YoY)	38.22%	30.69%	32.02%	28.94%	10.75%	44.39%
Cost of Revenue	41.21	40.07	33.74	27.77	20.76	19.23
Gross Profit	181.79	162.54	121.29	89.65	70.31	63
Selling, General & Admin	89.57	80.37	61.15	45.65	43.44	26.51
Other Operating Expenses	9.67	9.11	7.87	9.5	8.42	7.18
Operating Expenses	103.34	93.5	72.6	58.22	56.16	35.26
Operating Income	78.45	69.04	48.69	31.44	14.15	27.75
Interest Expense	-0.21	-0.18	-0.21	-0.21	-0.14	-0.05
Interest & Investment Income	4.55	4.21	3.17	2.74	2.51	0
Currency Exchange Gain (Loss)	-0.21	-0.13	-0.13	0.09	-0.05	-0.02
Other Non Operating Income (Expenses)	2.04	2.24	0.84	0.7	1.63	0.2
EBT Excluding Unusual Items	84.62	75.19	52.36	34.75	18.1	27.88
Gain (Loss) on Sale of Investments	1.76	2.05	-15.72	4.63	0.42	1.45
Gain (Loss) on Sale of Assets	0.11	0.07	0.14	0	-	0.04
Legal Settlements	-0.04	-0.06	-0.59	-0.07	-0.81	-0.45
Other Unusual Items	-	-	19.22	-	-	1.61
Pretax Income	86.45	77.25	55.41	39.31	17.71	30.53
Income Tax Expense	16.55	14.77	10.76	7.59	3.02	5.41
Earnings From Continuing Operations	69.9	62.48	44.66	31.72	14.69	25.12
Minority Interest in Earnings	-2.74	-2.25	-1.43	-0.77	-0.59	-
Net Income	67.15	60.23	43.23	30.95	14.1	25.12
Net Income to Common	67.15	60.23	43.23	30.95	14.1	25.12
Net Income Growth	46.37%	39.32%	39.69%	119.52%	-43.86%	40.81%
Shares Outstanding (Basic)	47	48	52	55	56	59
Shares Outstanding (Diluted)	47	48	52	55	56	59
Shares Change (YoY)	-8.05%	-8.67%	-5.57%	-2.35%	-4.65%	3.48%
EPS (Basic)	1.42	1.27	0.83	0.56	0.25	0.42
EPS (Diluted)	1.42	1.27	0.83	0.56	0.25	0.42
EPS Growth	59.18%	52.55%	47.93%	124.80%	-40.57%	35.48%
Free Cash Flow	128.63	59.46	32.17	24.07	-2.62	12.11
Free Cash Flow Per Share	2.73	1.25	0.62	0.44	-0.05	0.20
Gross Margin	81.52%	80.22%	78.24%	76.35%	77.20%	76.62%
Operating Margin	35.18%	34.08%	31.41%	26.77%	15.54%	33.75%
Profit Margin	30.11%	29.73%	27.89%	26.36%	15.48%	30.54%
Free Cash Flow Margin	57.68%	29.35%	20.75%	20.50%	-2.88%	14.72%
EBITDA	81.07	71.6	50.06	32.58	15.87	28.71
EBITDA Margin	36.36%	35.34%	32.29%	27.75%	17.42%	34.91%
D&A For EBITDA	2.62	2.56	1.37	1.14	1.72	0.96
EBIT	78.45	69.04	48.69	31.44	14.15	27.75
EBIT Margin	35.18%	34.08%	31.41%	26.77%	15.54%	33.75%
Effective Tax Rate	19.15%	19.11%	19.41%	19.32%	17.05%	17.73%
Revenue as Reported	225.07	204.77	176.91	118.46	93.07	83.03

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