S4E S.A. (WSE:S4E)

S4E S.A. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	515.35	459.74	453.44	367.85	248.29
Revenue Growth (YoY)	12.10%	1.39%	23.27%	48.15%	68.05%
Cost of Revenue	485.85	431.72	421.8	340.64	225.78
Gross Profit	29.49	28.02	31.64	27.21	22.51
Selling, General & Admin	19.26	18.24	20.16	18.85	16.79
Other Operating Expenses	-0.07	-0.07	-0.13	0.08	0.01
Operating Expenses	19.2	18.17	20.03	18.92	16.8
Operating Income	10.3	9.85	11.61	8.29	5.71
Interest Expense	-0.1	-0.18	-0.54	-0.46	-0.18
Interest & Investment Income	1.22	1.01	0.32	0.05	0.01
Currency Exchange Gain (Loss)	0.19	-0.21	-1.12	-0.31	-0.06
Other Non Operating Income (Expenses)	-0.12	-0.33	-0.28	-0.05	-0.11
EBT Excluding Unusual Items	11.49	10.14	9.99	7.52	5.37
Gain (Loss) on Sale of Assets	-0.02	0.05	0.11	0.04	0.08
Asset Writedown	0.02	0	0.14	-0.16	-0.22
Pretax Income	11.49	10.19	10.24	7.41	5.24
Income Tax Expense	2.91	3.15	2.23	1.38	1.13
Net Income	8.58	7.05	8	6.02	4.1
Net Income to Common	8.58	7.05	8	6.02	4.1
Net Income Growth	21.70%	-11.96%	32.85%	46.82%	-
Shares Outstanding (Basic)	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2
EPS (Basic)	4.94	4.06	4.61	3.47	2.36
EPS (Diluted)	4.94	4.06	4.61	3.47	2.36
EPS Growth	21.70%	-11.96%	32.85%	46.82%	-
Free Cash Flow	28.64	14.85	30.99	-5.73	17.22
Free Cash Flow Per Share	16.48	8.55	17.84	-3.30	9.91
Gross Margin	5.72%	6.09%	6.98%	7.40%	9.06%
Operating Margin	2.00%	2.14%	2.56%	2.25%	2.30%
Profit Margin	1.66%	1.53%	1.76%	1.64%	1.65%
Free Cash Flow Margin	5.56%	3.23%	6.83%	-1.56%	6.93%
EBITDA	10.7	10.17	12	8.68	6.46
EBITDA Margin	2.08%	2.21%	2.65%	2.36%	2.60%
D&A For EBITDA	0.4	0.32	0.39	0.4	0.75
EBIT	10.3	9.85	11.61	8.29	5.71
EBIT Margin	2.00%	2.14%	2.56%	2.25%	2.30%
Effective Tax Rate	25.36%	30.87%	21.82%	18.66%	21.64%

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