ZUE S.A. (WSE:ZUE)

ZUE S.A. 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	913.9	945.9	1,219	1,457	921.42	851.45
Revenue Growth (YoY)	-16.89%	-22.43%	-16.28%	58.08%	8.22%	-5.54%
Cost of Revenue	853.9	885.01	1,169	1,401	878.63	816.22
Gross Profit	60	60.89	50.47	55.91	42.79	35.23
Selling, General & Admin	39.3	39.8	33.85	30.36	26.16	25.12
Other Operating Expenses	-1.09	0.14	-1.89	-0.47	-0.48	-3.83
Operating Expenses	38.2	39.94	31.96	29.89	25.68	21.3
Operating Income	21.8	20.95	18.51	26.02	17.1	13.93
Interest Expense	-7.82	-7.86	-4.98	-3.32	-1.82	-1.21
Interest & Investment Income	0.9	0.9	2.28	1.08	1.6	0.24
Currency Exchange Gain (Loss)	-	-	-1.4	-2.32	-0.12	-0.04
Other Non Operating Income (Expenses)	-0.21	-	-2.82	2.67	4.31	2.2
EBT Excluding Unusual Items	14.68	13.99	11.59	24.14	21.07	15.13
Gain (Loss) on Sale of Investments	-	-	-	0.4	-	-
Gain (Loss) on Sale of Assets	-	-	1.26	5.03	0.91	0.65
Legal Settlements	-	-	-0.71	-0.63	-1.03	-0.41
Other Unusual Items	-	-	-	-	1.15	-
Pretax Income	14.68	13.99	12.14	28.93	22.11	15.36
Income Tax Expense	3.12	2.83	1.36	7.8	4.82	3.54
Earnings From Continuing Operations	11.55	11.16	10.78	21.13	17.29	11.82
Minority Interest in Earnings	0.14	-	-0.06	-0.1	-0.9	-0.06
Net Income	11.69	11.16	10.72	21.03	16.39	11.77
Preferred Dividends & Other Adjustments	-	-	-	-	-	0
Net Income to Common	11.69	11.16	10.72	21.03	16.39	11.76
Net Income Growth	133.62%	4.10%	-49.03%	28.31%	39.33%	176.17%
Shares Outstanding (Basic)	23	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23	23
Shares Change (YoY)	4.55%	-0.19%	0.19%	-	-	1.54%
EPS (Basic)	0.50	0.49	0.47	0.92	0.72	0.52
EPS (Diluted)	0.50	0.49	0.47	0.92	0.72	0.52
EPS Growth	123.45%	4.30%	-49.13%	28.31%	39.35%	171.96%
Free Cash Flow	24.68	6.81	-121.16	129.23	-47.42	103.79
Free Cash Flow Per Share	1.05	0.30	-5.31	5.68	-2.08	4.56
Dividend Per Share	-	-	-	0.210	0.070	0.150
Dividend Growth	-	-	-	200.00%	-53.33%	-
Gross Margin	6.57%	6.44%	4.14%	3.84%	4.64%	4.14%
Operating Margin	2.38%	2.21%	1.52%	1.79%	1.86%	1.64%
Profit Margin	1.28%	1.18%	0.88%	1.44%	1.78%	1.38%
Free Cash Flow Margin	2.70%	0.72%	-9.94%	8.87%	-5.15%	12.19%
EBITDA	32.16	31.43	28.53	36.84	27.45	23.31
EBITDA Margin	3.52%	3.32%	2.34%	2.53%	2.98%	2.74%
D&A For EBITDA	10.36	10.48	10.03	10.82	10.34	9.39
EBIT	21.8	20.95	18.51	26.02	17.1	13.93
EBIT Margin	2.38%	2.21%	1.52%	1.79%	1.86%	1.64%
Effective Tax Rate	21.29%	20.23%	11.18%	26.97%	21.80%	23.06%

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