Starhedge S.A. (WSE:SHG)

Starhedge Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	13.06	26.25	37.06	39.99	31.58	40.36
Revenue Growth (YoY)	-61.98%	-29.17%	-7.33%	26.65%	-21.76%	6.86%
Cost of Revenue	7.31	4.25	13.49	18.98	12.36	16.79
Gross Profit	5.76	22	23.57	21.01	19.21	23.57
Selling, General & Admin	5.01	19.25	18.71	15.16	14.17	14.79
Other Operating Expenses	0.84	0.08	1.48	1.79	1.05	1.82
Operating Expenses	5.86	20.01	21.23	18.13	16.21	17.15
Operating Income	-0.11	1.99	2.35	2.89	3.01	6.42
Interest Expense	-0.02	-0.21	-1.08	-0.65	-0.87	-0.85
Interest & Investment Income	0.6	0	0.4	0.22	0.2	0.2
Currency Exchange Gain (Loss)	0	0	-	-0.06	-	-0.03
Other Non Operating Income (Expenses)	0.01	0	-0.02	-0	-0.04	-0.08
EBT Excluding Unusual Items	0.49	1.79	1.66	2.39	2.3	5.66
Impairment of Goodwill	-	-	-	-	-	-0.13
Gain (Loss) on Sale of Investments	-7.75	-6.26	-0.65	-2.02	0.29	-0.6
Gain (Loss) on Sale of Assets	-0.91	-	-0	-	0	-0.27
Asset Writedown	-2.48	-2.85	1.33	-	-	-
Legal Settlements	-0.02	-0	-0.07	-0.12	-0.01	-
Other Unusual Items	-0.06	-	-	1.28	0.2	-
Pretax Income	-10.73	-7.32	2.26	1.53	2.79	4.66
Income Tax Expense	0.38	0.47	-1.42	0.22	-0.01	0.65
Earnings From Continuing Operations	-11.11	-7.79	3.68	1.32	2.79	4.01
Earnings From Discontinued Operations	-10.33	-10.33	-	-	-	-
Net Income to Company	-21.44	-18.12	3.68	1.32	2.79	4.01
Minority Interest in Earnings	4.92	4.58	-0.43	-0.57	-0.33	-0.87
Net Income	-16.51	-13.54	3.25	0.74	2.47	3.14
Net Income to Common	-16.51	-13.54	3.25	0.74	2.47	3.14
Net Income Growth	-	-	336.88%	-69.87%	-21.49%	-26.22%
Shares Outstanding (Basic)	109	109	109	88	88	88
Shares Outstanding (Diluted)	109	109	109	88	88	88
Shares Change (YoY)	-	-	23.79%	-	-	-
EPS (Basic)	-0.15	-0.12	0.03	0.01	0.03	0.04
EPS (Diluted)	-0.15	-0.12	0.03	0.01	0.03	0.04
EPS Growth	-	-	252.91%	-69.87%	-21.49%	-26.22%
Free Cash Flow	0.18	0.26	-4.83	0.45	0.42	12.59
Free Cash Flow Per Share	0.00	0.00	-0.04	0.01	0.01	0.14
Gross Margin	44.07%	83.80%	63.61%	52.54%	60.85%	58.40%
Operating Margin	-0.83%	7.58%	6.34%	7.22%	9.52%	15.91%
Profit Margin	-126.43%	-51.57%	8.76%	1.86%	7.81%	7.78%
Free Cash Flow Margin	1.41%	0.99%	-13.04%	1.13%	1.32%	31.20%
EBITDA	-0.09	2.67	3.39	4.11	3.99	6.95
EBITDA Margin	-0.70%	10.17%	9.15%	10.28%	12.64%	17.23%
D&A For EBITDA	0.02	0.68	1.04	1.22	0.98	0.54
EBIT	-0.11	1.99	2.35	2.89	3.01	6.42
EBIT Margin	-0.83%	7.58%	6.33%	7.22%	9.52%	15.91%
Effective Tax Rate	-	-	-	14.15%	-	13.96%
Revenue as Reported	-	-	-	-	-	44.77

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.