Mentzen 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	18.38	19.2	21.58
Revenue Growth (YoY)	-5.34%	-11.00%	-
Cost of Revenue	6.04	8.35	9.59
Gross Profit	12.34	10.85	11.99
Selling, General & Admin	9.71	8.31	6.49
Other Operating Expenses	0.5	0.62	0.67
Operating Expenses	10.67	9.38	7.62
Operating Income	1.67	1.48	4.37
Interest Expense	-0.07	-0.1	-0.18
Interest & Investment Income	0.08	0.08	0.01
Other Non Operating Income (Expenses)	0.44	-0.01	-0.02
EBT Excluding Unusual Items	2.11	1.44	4.18
Gain (Loss) on Sale of Assets	-	-0.01	-
Asset Writedown	-	-	-0.2
Other Unusual Items	-	-	0.02
Pretax Income	2.11	1.43	4
Income Tax Expense	0.49	0.41	0.96
Earnings From Continuing Operations	1.63	1.02	3.04
Minority Interest in Earnings	-0.12	-0.17	-
Net Income	1.51	0.86	3.04
Net Income to Common	1.51	0.86	3.04
Net Income Growth	104.14%	-71.77%	-
Free Cash Flow	2.04	1.08	3.95
Gross Margin	67.14%	56.52%	55.57%
Operating Margin	9.10%	7.69%	20.27%
Profit Margin	8.21%	4.47%	14.08%
Free Cash Flow Margin	11.11%	5.61%	18.32%
EBITDA	2.13	1.93	4.83
EBITDA Margin	11.56%	10.06%	22.38%
D&A For EBITDA	0.45	0.46	0.46
EBIT	1.67	1.48	4.37
EBIT Margin	9.10%	7.69%	20.27%
Effective Tax Rate	23.01%	28.40%	24.08%

Source: S&P Capital IQ. Standard template. Financial Sources.