WSE:ZRE Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	39.01	39.11	37.04	33.8	28.71	24.93
Revenue	39.01	39.11	37.04	33.8	28.71	24.93
Revenue Growth (YoY)	-3.33%	5.59%	9.60%	17.71%	15.17%	-24.66%
Cost of Revenue	28.04	28.91	27.23	26.38	24.95	20.17
Gross Profit	10.98	10.2	9.81	7.42	3.76	4.76
Selling, General & Admin	7.4	7.21	5.97	5.47	5.78	4.66
Other Operating Expenses	-0.65	-1.23	-0.08	-1.27	-2.89	-1.33
Operating Expenses	6.75	5.98	5.89	4.2	2.89	3.34
Operating Income	4.23	4.22	3.92	3.22	0.87	1.43
Interest Expense	-0.79	-0.74	-0.88	-0.76	-0.16	-0.12
Interest & Investment Income	3.69	0.07	0.01	0.07	0.01	0.01
Currency Exchange Gain (Loss)	0.36	0.36	0.88	-	-0.09	0.07
Other Non Operating Income (Expenses)	8.9	8.9	-0.85	0.05	-0.13	-0.14
EBT Excluding Unusual Items	16.39	12.81	3.07	2.58	0.51	1.25
Merger & Restructuring Charges	-	-	-	-	-	-0.08
Gain (Loss) on Sale of Investments	-0.29	-0.29	-	-	0.07	-
Gain (Loss) on Sale of Assets	-	-	0.01	0.23	0.49	0.04
Legal Settlements	-	-	-	-0	-0.01	0.1
Other Unusual Items	-	-	-	-	-0.69	-
Pretax Income	16.1	12.52	3.08	2.81	0.37	1.3
Income Tax Expense	2.25	2.63	0.74	1.15	0.2	0.31
Earnings From Continuing Operations	13.85	9.89	2.34	1.66	0.17	1
Net Income to Company	13.85	9.89	2.34	1.66	0.17	1
Net Income	13.85	9.89	2.34	1.66	0.17	1
Net Income to Common	13.85	9.89	2.34	1.66	0.17	1
Net Income Growth	169.21%	322.65%	41.13%	886.90%	-83.15%	-86.71%
Shares Outstanding (Basic)	14	14	14	13	13	12
Shares Outstanding (Diluted)	14	14	14	13	13	12
Shares Change (YoY)	0.54%	2.19%	5.38%	-	8.97%	3.94%
EPS (Basic)	0.99	0.71	0.17	0.13	0.01	0.08
EPS (Diluted)	0.99	0.71	0.17	0.13	0.01	0.08
EPS Growth	167.77%	315.55%	33.29%	1175.38%	-87.50%	-87.73%
Free Cash Flow	0.43	-0.47	3.51	-1.31	-2.64	0.43
Free Cash Flow Per Share	0.03	-0.03	0.26	-0.10	-0.20	0.04
Gross Margin	28.14%	26.08%	26.48%	21.96%	13.10%	19.11%
Operating Margin	10.84%	10.79%	10.57%	9.53%	3.04%	5.72%
Profit Margin	35.50%	25.29%	6.32%	4.91%	0.58%	4.00%
Free Cash Flow Margin	1.09%	-1.20%	9.47%	-3.88%	-9.21%	1.73%
EBITDA	6.4	6.15	5.33	4.36	1.59	2.18
EBITDA Margin	16.40%	15.73%	14.39%	12.91%	5.53%	8.74%
D&A For EBITDA	2.17	1.93	1.41	1.14	0.71	0.75
EBIT	4.23	4.22	3.92	3.22	0.87	1.43
EBIT Margin	10.84%	10.79%	10.57%	9.53%	3.04%	5.72%
Effective Tax Rate	13.97%	21.00%	24.05%	41.00%	54.35%	23.43%
Revenue as Reported	39.01	39.11	37.04	33.8	28.71	24.93
Advertising Expenses	-	0.07	0.07	0.06	0.04	0.05

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.