Vercom S.A. (WSE:VRC)

Vercom Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	483.32	471.15	496.23	337.38	260.32	178.92
Revenue Growth (YoY)	-3.80%	-5.05%	47.08%	29.60%	45.50%	53.45%
Cost of Revenue	217.95	217	275.28	156.38	144.59	121.91
Gross Profit	265.37	254.15	220.95	181	115.73	57.01
Selling, General & Admin	147.21	141.49	126.29	109.3	72.5	28.45
Other Operating Expenses	0.49	0.52	0.22	0.2	0.06	-0.14
Operating Expenses	147.95	141.82	127.55	112.12	73.49	28.66
Operating Income	117.43	112.34	93.4	68.88	42.25	28.35
Interest Expense	-4.63	-5.04	-7.34	-11.03	-6.04	-1.67
Interest & Investment Income	0.76	0.72	1.3	1.15	1.11	0.32
Earnings From Equity Investments	-	-	-	0.66	0.9	-0.1
Currency Exchange Gain (Loss)	-2.78	-0.23	1.59	7.43	-0.86	-0.08
Other Non Operating Income (Expenses)	0.02	0.02	-0.01	-0.82	-0.13	-0.13
EBT Excluding Unusual Items	110.78	107.81	88.94	66.26	37.22	26.7
Gain (Loss) on Sale of Investments	-	-	-0.05	13.47	-	-
Gain (Loss) on Sale of Assets	0	-0.07	0.02	0.11	0.19	0
Asset Writedown	0.03	0.03	-0.12	-	-	-
Other Unusual Items	-	-	-	-	-0.08	0.08
Pretax Income	110.81	107.76	88.79	79.84	37.33	26.78
Income Tax Expense	18.42	16.84	11.63	9.22	5.88	4.07
Earnings From Continuing Operations	92.39	90.92	77.16	70.62	31.45	22.71
Minority Interest in Earnings	-1.11	-1.06	-0.59	-0.23	-0.03	0.08
Net Income	91.29	89.87	76.58	70.4	31.42	22.79
Net Income to Common	91.29	89.87	76.58	70.4	31.42	22.79
Net Income Growth	10.50%	17.35%	8.78%	124.08%	37.86%	17.37%
Shares Outstanding (Basic)	22	22	22	22	20	17
Shares Outstanding (Diluted)	22	22	22	22	20	17
Shares Change (YoY)	-0.36%	-0.15%	-0.02%	8.46%	22.99%	14.23%
EPS (Basic)	4.14	4.07	3.46	3.18	1.54	1.37
EPS (Diluted)	4.14	4.06	3.45	3.17	1.54	1.37
EPS Growth	11.24%	17.68%	8.83%	105.92%	12.37%	3.01%
Free Cash Flow	112.74	101.54	100.51	76.38	44.73	25.52
Free Cash Flow Per Share	5.10	4.59	4.53	3.44	2.19	1.53
Dividend Per Share	2.730	2.730	2.030	1.600	1.130	-
Dividend Growth	34.48%	34.48%	26.88%	41.59%	-	-
Gross Margin	54.91%	53.94%	44.52%	53.65%	44.46%	31.86%
Operating Margin	24.30%	23.84%	18.82%	20.41%	16.23%	15.85%
Profit Margin	18.89%	19.07%	15.43%	20.87%	12.07%	12.74%
Free Cash Flow Margin	23.33%	21.55%	20.25%	22.64%	17.18%	14.27%
EBITDA	124.51	119.75	101.5	77.45	47.72	30.37
EBITDA Margin	25.76%	25.42%	20.46%	22.96%	18.33%	16.98%
D&A For EBITDA	7.08	7.42	8.11	8.58	5.47	2.03
EBIT	117.43	112.34	93.4	68.88	42.25	28.35
EBIT Margin	24.30%	23.84%	18.82%	20.41%	16.23%	15.85%
Effective Tax Rate	16.62%	15.62%	13.10%	11.54%	15.74%	15.18%
Advertising Expenses	-	41.46	34.44	25.78	11.21	3.42

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