Software Mansion 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	107.27	99.82	73.67	62.8	40.31
Revenue Growth (YoY)	36.98%	35.50%	17.30%	55.79%	-
Cost of Revenue	33.79	32.65	28.08	19.54	8.12
Gross Profit	73.48	67.17	45.59	43.26	32.19
Selling, General & Admin	45.19	41.12	30.77	24.25	15.49
Other Operating Expenses	-4.61	-4.85	1.64	1.29	0.53
Operating Expenses	41.79	37.39	32.88	26.54	16.89
Operating Income	31.69	29.78	12.7	16.72	15.3
Interest Expense	-0	-0	-0	-0	-0
Interest & Investment Income	0.87	0.7	0.42	0.1	-
Other Non Operating Income (Expenses)	-0.39	0.23	-0.88	0.48	0.12
EBT Excluding Unusual Items	32.18	30.72	12.24	17.3	15.42
Gain (Loss) on Sale of Investments	-0	-0	-	-	-
Gain (Loss) on Sale of Assets	0.06	0.06	0.01	0.02	0.02
Asset Writedown	0.27	0.69	-0.76	0.44	-1.21
Pretax Income	32.5	31.46	11.5	17.75	14.23
Income Tax Expense	1.98	2.57	0.43	0.61	0.44
Net Income	30.52	28.89	11.06	17.15	13.8
Net Income to Common	30.52	28.89	11.06	17.15	13.8
Net Income Growth	118.16%	161.17%	-35.48%	24.27%	-
Shares Outstanding (Basic)	11	11	10	10	-
Shares Outstanding (Diluted)	11	11	10	10	-
Shares Change (YoY)	1.85%	1.85%	1.91%	-	-
EPS (Basic)	2.89	2.73	1.07	1.68	-
EPS (Diluted)	2.89	2.73	1.07	1.68	-
EPS Growth	114.19%	156.41%	-36.70%	-	-
Free Cash Flow	30.4	23.87	9.27	20.7	12.29
Free Cash Flow Per Share	2.88	2.26	0.89	2.03	-
Dividend Per Share	-	-	0.970	0.800	-
Dividend Growth	-	-	21.25%	-	-
Gross Margin	68.50%	67.29%	61.88%	68.88%	79.85%
Operating Margin	29.54%	29.83%	17.24%	26.63%	37.96%
Profit Margin	28.45%	28.94%	15.02%	27.30%	34.23%
Free Cash Flow Margin	28.34%	23.91%	12.58%	32.95%	30.48%
EBITDA	32.9	30.9	13.17	17.72	16.17
EBITDA Margin	30.67%	30.95%	17.88%	28.21%	40.12%
D&A For EBITDA	1.22	1.12	0.47	0.99	0.87
EBIT	31.69	29.78	12.7	16.72	15.3
EBIT Margin	29.54%	29.83%	17.24%	26.63%	37.96%
Effective Tax Rate	6.10%	8.18%	3.77%	3.43%	3.06%
Revenue as Reported	107.47	99.75	73.91	62.8	40.31

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