WSE:ZRE Income Statement

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

Millions PLN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Operating Revenue	41.01	40.03	39.11	37.04	33.8	28.71
Revenue	41.01	40.03	39.11	37.04	33.8	28.71
Revenue Growth (YoY)	3.43%	2.34%	5.59%	9.60%	17.71%	15.17%
Cost of Revenue	33.53	31.29	28.91	27.23	26.38	24.95
Gross Profit	7.48	8.74	10.2	9.81	7.42	3.76
Selling, General & Admin	7.92	7.81	7.21	5.97	5.47	5.78
Other Operating Expenses	-0.63	-0.56	-1.43	-0.08	-1.27	-2.89
Operating Expenses	7.3	7.24	5.78	5.89	4.2	2.89
Operating Income	0.19	1.49	4.42	3.92	3.22	0.87
Interest Expense	-1.04	-1.1	-1.09	-0.88	-0.76	-0.16
Interest & Investment Income	12.13	12.13	9.39	0.01	0.07	0.01
Currency Exchange Gain (Loss)	-	-	-	0.88	-	-0.09
Other Non Operating Income (Expenses)	-0.54	-0	-0	-0.85	0.05	-0.13
EBT Excluding Unusual Items	10.74	12.52	12.72	3.07	2.58	0.51
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.07
Gain (Loss) on Sale of Assets	-	-	-	0.01	0.23	0.49
Legal Settlements	-	-	-0.2	-	-0	-0.01
Other Unusual Items	-	-	-	-	-	-0.69
Pretax Income	10.74	12.52	12.52	3.08	2.81	0.37
Income Tax Expense	1.82	1.86	2.63	0.74	1.15	0.2
Earnings From Continuing Operations	8.92	10.66	9.89	2.34	1.66	0.17
Net Income to Company	8.92	10.66	9.89	2.34	1.66	0.17
Net Income	8.92	10.66	9.89	2.34	1.66	0.17
Net Income to Common	8.92	10.66	9.89	2.34	1.66	0.17
Net Income Growth	-21.18%	7.83%	322.65%	41.13%	886.90%	-83.15%
Shares Outstanding (Basic)	-	14	14	14	13	13
Shares Outstanding (Diluted)	-	14	14	14	13	13
Shares Change (YoY)	-	-	2.19%	5.38%	-	8.97%
EPS (Basic)	-	0.76	0.71	0.17	0.13	0.01
EPS (Diluted)	-	0.76	0.71	0.17	0.13	0.01
EPS Growth	-	7.58%	315.55%	33.29%	1175.38%	-87.50%
Free Cash Flow	0.49	0.88	-0.47	3.51	-1.31	-2.64
Free Cash Flow Per Share	-	0.06	-0.03	0.26	-0.10	-0.20
Gross Margin	18.25%	21.83%	26.08%	26.48%	21.96%	13.10%
Operating Margin	0.46%	3.73%	11.30%	10.57%	9.53%	3.04%
Profit Margin	21.75%	26.64%	25.29%	6.32%	4.91%	0.58%
Free Cash Flow Margin	1.21%	2.20%	-1.20%	9.47%	-3.88%	-9.21%
EBITDA	2.61	3.86	6.39	5.33	4.36	1.59
EBITDA Margin	6.35%	9.65%	16.33%	14.39%	12.91%	5.53%
D&A For EBITDA	2.42	2.37	1.97	1.41	1.14	0.71
EBIT	0.19	1.49	4.42	3.92	3.22	0.87
EBIT Margin	0.46%	3.73%	11.30%	10.57%	9.53%	3.04%
Effective Tax Rate	16.98%	14.83%	21.00%	24.05%	41.00%	54.35%
Revenue as Reported	41.01	40.02	39.11	37.04	33.8	28.71
Advertising Expenses	-	0.06	0.07	0.07	0.06	0.04

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