Software Mansion 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	118.13	99.82	73.67	62.8	40.31
Revenue Growth (YoY)	18.34%	35.50%	17.30%	55.79%	-
Cost of Revenue	34.64	32.65	28.08	19.54	8.12
Gross Profit	83.49	67.17	45.59	43.26	32.19
Selling, General & Admin	55.46	41.12	30.77	24.25	15.49
Other Operating Expenses	2.25	-4.85	1.64	1.29	0.53
Operating Expenses	59.24	37.39	32.88	26.54	16.89
Operating Income	24.25	29.78	12.7	16.72	15.3
Interest Expense	-0	-0	-0	-0	-0
Interest & Investment Income	1.17	0.7	0.42	0.1	-
Other Non Operating Income (Expenses)	-1.48	0.23	-0.88	0.48	0.12
EBT Excluding Unusual Items	23.94	30.72	12.24	17.3	15.42
Gain (Loss) on Sale of Investments	-1.81	-0	-	-	-
Gain (Loss) on Sale of Assets	-0.02	0.06	0.01	0.02	0.02
Asset Writedown	-	0.69	-0.76	0.44	-1.21
Pretax Income	22.11	31.46	11.5	17.75	14.23
Income Tax Expense	1.58	2.57	0.43	0.61	0.44
Net Income	20.54	28.89	11.06	17.15	13.8
Net Income to Common	20.54	28.89	11.06	17.15	13.8
Net Income Growth	-28.92%	161.17%	-35.48%	24.27%	-
Shares Outstanding (Basic)	11	11	10	10	-
Shares Outstanding (Diluted)	11	11	10	10	-
Shares Change (YoY)	1.09%	1.85%	1.91%	-	-
EPS (Basic)	1.92	2.73	1.07	1.68	-
EPS (Diluted)	1.92	2.73	1.07	1.68	-
EPS Growth	-29.68%	156.41%	-36.70%	-	-
Free Cash Flow	19.69	23.87	9.27	20.7	12.29
Free Cash Flow Per Share	1.84	2.26	0.89	2.03	-
Dividend Per Share	-	2.000	0.970	0.800	-
Dividend Growth	-	106.19%	21.25%	-	-
Gross Margin	70.68%	67.29%	61.88%	68.88%	79.85%
Operating Margin	20.53%	29.83%	17.24%	26.63%	37.96%
Profit Margin	17.38%	28.94%	15.02%	27.30%	34.23%
Free Cash Flow Margin	16.67%	23.91%	12.58%	32.95%	30.48%
EBITDA	25.79	30.9	13.17	17.72	16.17
EBITDA Margin	21.83%	30.95%	17.88%	28.21%	40.12%
D&A For EBITDA	1.53	1.12	0.47	0.99	0.87
EBIT	24.25	29.78	12.7	16.72	15.3
EBIT Margin	20.53%	29.83%	17.24%	26.63%	37.96%
Effective Tax Rate	7.13%	8.18%	3.77%	3.43%	3.06%
Revenue as Reported	117.96	99.75	73.91	62.8	40.31

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