Spyrosoft Spólka Akcyjna Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	601.26	465.42	416.11	331.45	173.43
Revenue Growth (YoY)	29.18%	11.85%	25.54%	91.12%	53.80%
Cost of Revenue	411.89	314.5	285.63	221.83	113.12
Gross Profit	189.36	150.92	130.48	109.62	60.31
Selling, General & Admin	131.97	106	99.86	63.96	37.32
Other Operating Expenses	-1.86	-0.19	-0.38	0.23	-0.28
Operating Expenses	130.11	105.81	99.49	64.19	37.04
Operating Income	59.26	45.11	30.99	45.43	23.27
Interest Expense	-5.43	-2.15	-2.44	-1.73	-0.67
Interest & Investment Income	-	0.1	0.13	0.08	0.02
Earnings From Equity Investments	1.12	1.16	0.96	0.77	0.77
Currency Exchange Gain (Loss)	-	0.26	-5.25	0.14	-0.08
Other Non Operating Income (Expenses)	1.29	-0.27	-0.77	-0.62	-0.01
EBT Excluding Unusual Items	56.24	44.21	23.63	44.07	23.3
Impairment of Goodwill	-	-	-	-	-0.1
Gain (Loss) on Sale of Assets	-	0.33	0.07	0.04	0.01
Asset Writedown	-	-0.31	-0.13	-0.37	-0.27
Other Unusual Items	-	-	-	-	0.06
Pretax Income	56.24	44.23	23.57	43.74	22.99
Income Tax Expense	1.84	-4.87	-0.15	6.4	4.8
Earnings From Continuing Operations	54.4	49.11	23.72	37.34	18.19
Minority Interest in Earnings	-13.65	-14.82	-4.01	-10.61	-3.51
Net Income	40.75	34.29	19.71	26.73	14.68
Net Income to Common	40.75	34.29	19.71	26.73	14.68
Net Income Growth	18.85%	73.98%	-26.28%	82.13%	18.63%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	0.16%	0.11%	0.12%	1.50%	2.19%
EPS (Basic)	37.27	31.41	18.07	24.55	13.68
EPS (Diluted)	37.27	31.41	18.07	24.55	13.68
EPS Growth	18.66%	73.82%	-26.38%	79.44%	16.08%
Free Cash Flow	51.18	51.03	8.44	26.4	9.26
Free Cash Flow Per Share	46.81	46.75	7.74	24.24	8.63
Gross Margin	31.49%	32.43%	31.36%	33.07%	34.77%
Operating Margin	9.86%	9.69%	7.45%	13.71%	13.42%
Profit Margin	6.78%	7.37%	4.74%	8.07%	8.46%
Free Cash Flow Margin	8.51%	10.96%	2.03%	7.96%	5.34%
EBITDA	72.12	55.91	41.82	53.59	29.43
EBITDA Margin	11.99%	12.01%	10.05%	16.17%	16.97%
D&A For EBITDA	12.86	10.8	10.83	8.16	6.16
EBIT	59.26	45.11	30.99	45.43	23.27
EBIT Margin	9.86%	9.69%	7.45%	13.71%	13.42%
Effective Tax Rate	3.26%	-	-	14.64%	20.87%

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