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	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	401.89	337.38	260.32	178.92	116.6
Revenue Growth (YoY)	28.25%	29.60%	45.49%	53.45%	-
Cost of Revenue	200.3	156.38	144.59	121.91	81.06
Gross Profit	201.59	181	115.73	57.01	35.54
Selling, General & Admin	118.42	109.3	72.5	28.45	11.69
Other Operating Expenses	0.19	0.2	0.06	-0.14	-0.06
Operating Expenses	121.46	112.12	73.49	28.66	12.28
Operating Income	80.13	68.88	42.25	28.35	23.26
Interest Expense	-9.53	-11.03	-6.04	-1.67	-0.91
Interest & Investment Income	1.22	1.15	1.11	0.32	0.05
Earnings From Equity Investments	0.46	0.66	0.9	-0.1	-0.19
Currency Exchange Gain (Loss)	2.48	7.43	-0.86	-0.08	-0.26
Other Non Operating Income (Expenses)	-0.71	-0.82	-0.13	-0.13	0.13
EBT Excluding Unusual Items	74.04	66.26	37.22	26.7	22.08
Gain (Loss) on Sale of Investments	13.04	13.47	-	-	-
Gain (Loss) on Sale of Assets	0.01	0.11	0.19	0	0
Other Unusual Items	-	-	-0.08	0.08	-
Pretax Income	86.93	79.84	37.33	26.78	22.09
Income Tax Expense	8.73	9.22	5.88	4.07	2.67
Earnings From Continuing Operations	78.21	70.62	31.45	22.71	19.42
Minority Interest in Earnings	-0.2	-0.23	-0.03	0.08	-
Net Income	78.01	70.4	31.42	22.79	19.42
Net Income to Common	78.01	70.4	31.42	22.79	19.42
Net Income Growth	65.65%	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)	0.12%	8.46%	22.99%	14.23%	-
EPS (Basic)	3.52	3.18	1.54	1.37	1.33
EPS (Diluted)	3.51	3.17	1.54	1.37	1.33
EPS Growth	64.91%	105.92%	12.37%	3.01%	-
Free Cash Flow	86.73	76.38	44.73	25.52	23.45
Free Cash Flow Per Share	3.91	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	50.16%	53.65%	44.46%	31.87%	30.48%
Operating Margin	19.94%	20.42%	16.23%	15.84%	19.95%
Profit Margin	19.41%	20.87%	12.07%	12.74%	16.65%
Free Cash Flow Margin	21.58%	22.64%	17.18%	14.27%	20.11%
EBITDA	88.59	77.45	47.72	30.37	24.46
EBITDA Margin	22.04%	22.96%	18.33%	16.98%	20.97%
D&A For EBITDA	8.46	8.58	5.47	2.03	1.2
EBIT	80.13	68.88	42.25	28.35	23.26
EBIT Margin	19.94%	20.42%	16.23%	15.84%	19.95%
Effective Tax Rate	10.04%	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.