WSE:ZRE 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
Operating Revenue	40.03	39.11	37.04	33.8	28.71
Revenue	40.03	39.11	37.04	33.8	28.71
Revenue Growth (YoY)	2.34%	5.59%	9.60%	17.71%	15.17%
Cost of Revenue	31.29	28.91	27.23	26.38	24.95
Gross Profit	8.74	10.2	9.81	7.42	3.76
Selling, General & Admin	7.81	7.21	5.97	5.47	5.78
Other Operating Expenses	-0.56	-1.43	-0.08	-1.27	-2.89
Operating Expenses	7.24	5.78	5.89	4.2	2.89
Operating Income	1.49	4.42	3.92	3.22	0.87
Interest Expense	-1.1	-1.09	-0.88	-0.76	-0.16
Interest & Investment Income	12.13	9.39	0.01	0.07	0.01
Currency Exchange Gain (Loss)	-	-	0.88	-	-0.09
Other Non Operating Income (Expenses)	-0	-0	-0.85	0.05	-0.13
EBT Excluding Unusual Items	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	12.52	12.52	3.08	2.81	0.37
Income Tax Expense	1.86	2.63	0.74	1.15	0.2
Earnings From Continuing Operations	10.66	9.89	2.34	1.66	0.17
Net Income to Company	10.66	9.89	2.34	1.66	0.17
Net Income	10.66	9.89	2.34	1.66	0.17
Net Income to Common	10.66	9.89	2.34	1.66	0.17
Net Income Growth	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	0.88	-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	21.83%	26.08%	26.48%	21.96%	13.10%
Operating Margin	3.73%	11.30%	10.57%	9.53%	3.04%
Profit Margin	26.64%	25.29%	6.32%	4.91%	0.58%
Free Cash Flow Margin	2.20%	-1.20%	9.47%	-3.88%	-9.21%
EBITDA	3.86	6.39	5.33	4.36	1.59
EBITDA Margin	9.65%	16.33%	14.39%	12.91%	5.53%
D&A For EBITDA	2.37	1.97	1.41	1.14	0.71
EBIT	1.49	4.42	3.92	3.22	0.87
EBIT Margin	3.73%	11.30%	10.57%	9.53%	3.04%
Effective Tax Rate	14.83%	21.00%	24.05%	41.00%	54.35%
Revenue as Reported	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.