Votum 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	462.42	407.39	387.14	302.2	195.6
Revenue Growth (YoY)	13.51%	5.23%	28.11%	54.50%	29.92%
Cost of Revenue	74.42	74.76	52.02	41.17	54.7
Gross Profit	388.01	332.63	335.12	261.03	140.9
Selling, General & Admin	174.41	165.75	163.22	130.1	112.22
Other Operating Expenses	28.87	20.55	3.22	12.67	6.67
Operating Expenses	210.01	191.73	169.92	145.61	121.54
Operating Income	178	140.9	165.2	115.42	19.36
Interest Expense	-3.2	-5.14	-3.35	-2.06	-0.67
Interest & Investment Income	-	1.05	0.86	0.34	0.05
Earnings From Equity Investments	-	-	-0.03	0.08	0.23
Currency Exchange Gain (Loss)	-	-0.5	-0.25	-0.26	-0.23
Other Non Operating Income (Expenses)	4.86	7.6	9.94	1.7	0.1
EBT Excluding Unusual Items	179.65	143.91	172.37	115.22	18.83
Impairment of Goodwill	-	-	-	-1.85	-2.26
Gain (Loss) on Sale of Investments	-	-0.44	-0.01	-0.05	-0.52
Gain (Loss) on Sale of Assets	-	0.05	0.55	0.5	0.08
Asset Writedown	-	-0.31	-7.3	-5.92	0.11
Legal Settlements	-	0.04	0.06	0.79	0.17
Other Unusual Items	-	0.08	0.21	2.57	-
Pretax Income	179.65	143.34	165.88	111.25	16.42
Income Tax Expense	36.89	27.9	31.98	19.44	6.28
Earnings From Continuing Operations	142.77	115.44	133.89	91.81	10.13
Minority Interest in Earnings	-2.62	-2.56	-1.96	-0.74	-0.06
Net Income	140.15	112.87	131.94	91.07	10.07
Net Income to Common	140.15	112.87	131.94	91.07	10.07
Net Income Growth	24.17%	-14.45%	44.88%	804.17%	16.10%
Shares Outstanding (Basic)	-	12	12	12	12
Shares Outstanding (Diluted)	-	12	12	12	12
EPS (Basic)	-	9.41	10.99	7.59	0.84
EPS (Diluted)	-	9.41	10.99	7.59	0.84
EPS Growth	-	-14.45%	44.88%	804.17%	16.57%
Free Cash Flow	201.82	101.95	38.61	17.01	-0.76
Free Cash Flow Per Share	-	8.50	3.22	1.42	-0.06
Dividend Per Share	-	3.740	2.420	2.500	0.410
Dividend Growth	-	54.55%	-3.20%	509.76%	17.14%
Gross Margin	83.91%	81.65%	86.56%	86.38%	72.03%
Operating Margin	38.49%	34.59%	42.67%	38.19%	9.89%
Profit Margin	30.31%	27.71%	34.08%	30.14%	5.15%
Free Cash Flow Margin	43.64%	25.02%	9.97%	5.63%	-0.39%
EBITDA	184.73	145.88	168.32	117.93	21.5
EBITDA Margin	39.95%	35.81%	43.48%	39.02%	10.99%
D&A For EBITDA	6.73	4.98	3.12	2.51	2.14
EBIT	178	140.9	165.2	115.42	19.36
EBIT Margin	38.49%	34.59%	42.67%	38.19%	9.89%
Effective Tax Rate	20.53%	19.46%	19.28%	17.48%	38.28%

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