Vercom Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	462.07	337.38	260.32	178.92	116.6
Revenue Growth (YoY)	43.38%	29.60%	45.49%	53.45%	-
Cost of Revenue	252.18	156.38	144.59	121.91	81.06
Gross Profit	209.89	181	115.73	57.01	35.54
Selling, General & Admin	122.1	109.3	72.5	28.45	11.69
Other Operating Expenses	0.08	0.2	0.06	-0.14	-0.06
Operating Expenses	124.8	112.12	73.49	28.66	12.28
Operating Income	85.09	68.88	42.25	28.35	23.26
Interest Expense	-8.06	-11.03	-6.04	-1.67	-0.91
Interest & Investment Income	1.15	1.15	1.11	0.32	0.05
Earnings From Equity Investments	0.66	0.66	0.9	-0.1	-0.19
Currency Exchange Gain (Loss)	7.43	7.43	-0.86	-0.08	-0.26
Other Non Operating Income (Expenses)	-1.64	-0.82	-0.13	-0.13	0.13
EBT Excluding Unusual Items	84.63	66.26	37.22	26.7	22.08
Gain (Loss) on Sale of Investments	13.47	13.47	-	-	-
Gain (Loss) on Sale of Assets	0.03	0.11	0.19	0	0
Other Unusual Items	-	-	-0.08	0.08	-
Pretax Income	99.23	79.84	37.33	26.78	22.09
Income Tax Expense	13.8	9.22	5.88	4.07	2.67
Earnings From Continuing Operations	85.43	70.62	31.45	22.71	19.42
Minority Interest in Earnings	-0.62	-0.23	-0.03	0.08	-
Net Income	84.36	70.4	31.42	22.79	19.42
Net Income to Common	84.36	70.4	31.42	22.79	19.42
Net Income Growth	51.15%	124.08%	37.86%	17.37%	-
Shares Outstanding (Basic)	22	22	20	17	15
Shares Outstanding (Diluted)	22	22	20	17	15
Shares Change (YoY)	1.62%	8.46%	22.99%	14.23%	-
EPS (Basic)	3.78	3.18	1.54	1.37	1.33
EPS (Diluted)	3.77	3.17	1.54	1.37	1.33
EPS Growth	48.16%	105.92%	12.37%	3.01%	-
Free Cash Flow	90.9	76.38	44.73	25.52	23.45
Free Cash Flow Per Share	4.07	3.44	2.19	1.54	1.61
Dividend Per Share	1.600	1.600	1.130	-	1.050
Dividend Growth	41.59%	41.59%	-	-	-
Gross Margin	45.42%	53.65%	44.46%	31.87%	30.48%
Operating Margin	18.41%	20.42%	16.23%	15.84%	19.95%
Profit Margin	18.26%	20.87%	12.07%	12.74%	16.65%
Free Cash Flow Margin	19.67%	22.64%	17.18%	14.27%	20.11%
EBITDA	94.42	77.45	47.72	30.37	24.46
EBITDA Margin	20.43%	22.96%	18.33%	16.98%	20.97%
D&A For EBITDA	9.33	8.58	5.47	2.03	1.2
EBIT	85.09	68.88	42.25	28.35	23.26
EBIT Margin	18.41%	20.42%	16.23%	15.84%	19.95%
Effective Tax Rate	13.91%	11.54%	15.74%	15.18%	12.09%
Advertising Expenses	-	25.78	11.21	3.42	-

Source: S&P Capital IQ. Standard template. Financial Sources.