GPW - Giełda Papierów Wartościowych w Warszawie S.A.

Quarterly Report • Nov 7, 2024

SELECTED CONSOLIDATED FINANCIAL DATA OF THE GIEŁDA PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE S.A. GROUP Selected data in the statement of comprehensive income, consolidated, under IFRS

Table 1: Consolidated statement of comprehensive income, earnings per share, EBITDA

	Nine months period ended 30 September (unaudited)
	2024	2023	2024	2023
	PLN'000		EUR'000[1]
Sales revenue	351,142	329,023	81,619	71,881
Operating expenses	(251,754)	(235,826)	(58,518)	(51,521)
Gains on reversed impairment of receivables/(Losses) on impairment of receivables	(374)	(374)	(87)	(82)
Other revenue	1,946	3,776	452	825
Other expenses	(8,041)	(1,772)	(1,869)	(387)
Operating profit	92,919	94,827	21,598	20,717
Financial income	17,556	22,966	4,081	5,017
Financial expenses	(5,697)	(5,747)	(1,324)	(1,256)
Share of profit/(loss) of entities measured by the equity method	27,275	23,770	6,340	5,193
Profit before tax	132,053	135,816	30,694	29,672
Income tax expense	(22,732)	(23,228)	(5,284)	(5,075)
Net profit for the period	109,321	112,588	25,410	24,597
Basic/Diluted net earnings per share	2.59	2.65	0.60	0.58
EBITDA[2]	116,010	118,538	26,965	25,897

[1] The arithmetic mean of the average exchange rates announced by the National Bank of Poland applicable on the lat day of each month was used (in the period of 9 months of 2024, 1 EUR = 4.3022 PLN, in the period of 9 months of 2023, 1 EUR = 4.5773 PLN).

[2] EBITDA = operating profit + depreciation/amortisation.

Table 2: Consolidated statement of financial position

	As at
	30 September 2024 (unaudited)	31 December 2023	30 September 2024 (unaudited)	31 December 2023
	PLN'000		EUR'000[1]
Non-current assets:	803,027	758,012	187,663	174,336
Property, plant and equipment	98,876	109,362	23,107	25,152
Right-to-use assets	28,714	25,425	6,710	5,848
Intangible assets	347,571	323,755	81,225	74,461
Investment in entities measured by the equity method	294,176	274,221	68,747	63,068
Other non-current assets	33,690	25,249	7,873	5,807
Current assets:	476,799	499,669	111,425	114,919
Trade receivables and other receivables	92,381	74,412	21,589	17,114
Financial assets measured at amortised cost	186,648	171,421	43,619	39,425
Cash and cash equivalents	194,797	246,781	45,523	56,757
Other current assets	2,973	7,055	695	1,623
TOTAL ASSETS	1,279,826	1,257,681	299,088	289,255
Equity	1,035,182	1,049,921	241,916	241,472
Non-current liabilities:	89,411	87,439	20,895	20,110
Lease liabilities	22,793	20,386	5,327	4,689
Other liabilities	66,618	67,053	15,568	15,422
Current liabilities:	155,233	120,321	36,277	27,673
Lease liabilities	6,576	5,265	1,537	1,211
Other liabilities	148,657	115,056	34,740	26,462
TOTAL EQUITY AND LIABILITIES	1,279,826	1,257,681	299,088	289,255

[1] At the average exchange rate EUR/PLN of the National Bank of Poland as at 30.09.2024 r. (1 EUR = 4.2791 PLN) and as at 29.12.2023 (1 EUR = 4.3480 PLN).

Table 3: Selected financial indicators

	As at/Nine months period ended 30 September (unaudited)
	2024	2023
EBITDA margin (EBITDA/Sales revenue)	33.0%	36.0%
Operating profit margin (Operating profit/Sales revenue)	26.5%	28.8%
Return on equity (ROE) (Net profit for last 12 months/Average equity at the beginning and at the end of the 12- month period)	15.1%	15.3%
Debt to equity (Lease liabilities and liabilities under bond issue/Equity)	2.8%	1.0%
Cost/income (GPW Group operating expenses / GPW Group sales revenue (for a 9-month period))	71.7%	71.7%