VRG S.A. 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	1,505	1,375	1,302	1,274	1,070
Revenue Growth (YoY)	9.44%	5.63%	2.18%	19.07%	25.33%
Cost of Revenue	667.87	607.69	593.95	588.39	507.76
Gross Profit	836.97	767.34	707.74	685.57	562.17
Selling, General & Admin	684.53	639.92	585.95	539.91	464.43
Other Operating Expenses	13.44	3.52	5.77	4.74	0.13
Operating Expenses	697.97	643.44	591.72	544.64	464.56
Operating Income	139	123.9	116.02	140.93	97.61
Interest Expense	-22.9	-16.63	-10.49	-9.93	-7.28
Interest & Investment Income	-	0.22	1.97	1.62	0.01
Currency Exchange Gain (Loss)	-	3.59	25.47	-12.88	-0.89
Other Non Operating Income (Expenses)	8.45	-2.11	-1.89	-1.79	-5.77
EBT Excluding Unusual Items	124.54	108.97	131.09	117.96	83.67
Gain (Loss) on Sale of Assets	-1.44	2.93	1.93	-0.32	-0.08
Asset Writedown	-	-	-3.66	-	-
Pretax Income	123.1	111.91	129.35	117.64	83.59
Income Tax Expense	24.86	24.1	27.62	24.68	17.28
Net Income	98.24	87.8	101.73	92.96	66.31
Net Income to Common	98.24	87.8	101.73	92.96	66.31
Net Income Growth	11.89%	-13.69%	9.44%	40.19%	-
Shares Outstanding (Basic)	234	234	234	234	234
Shares Outstanding (Diluted)	234	234	236	236	242
Shares Change (YoY)	-	-0.50%	-	-2.43%	3.01%
EPS (Basic)	0.42	0.37	0.43	0.40	0.28
EPS (Diluted)	0.42	0.37	0.43	0.39	0.27
EPS Growth	13.25%	-13.95%	10.26%	44.44%	-
Free Cash Flow	209.69	51.98	171.72	147.99	176.3
Free Cash Flow Per Share	0.89	0.22	0.73	0.63	0.73
Dividend Per Share	-	-	0.090	0.200	0.170
Dividend Growth	-	-	-55.00%	17.65%	-
Gross Margin	55.62%	55.81%	54.37%	53.81%	52.54%
Operating Margin	9.24%	9.01%	8.91%	11.06%	9.12%
Profit Margin	6.53%	6.39%	7.81%	7.30%	6.20%
Free Cash Flow Margin	13.94%	3.78%	13.19%	11.62%	16.48%
EBITDA	275.05	151.04	138.32	161.86	117.82
EBITDA Margin	18.28%	10.98%	10.63%	12.71%	11.01%
D&A For EBITDA	136.05	27.14	22.3	20.93	20.21
EBIT	139	123.9	116.02	140.93	97.61
EBIT Margin	9.24%	9.01%	8.91%	11.06%	9.12%
Effective Tax Rate	20.19%	21.54%	21.36%	20.98%	20.67%

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