Orzel Bialy SA
WSE:OBL
Income Statement
Earnings Waterfall
Orzel Bialy SA
Income Statement
Orzel Bialy SA
| Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
283
N/A
|
268
-6%
|
272
+2%
|
249
-8%
|
263
+6%
|
228
-14%
|
202
-11%
|
190
-6%
|
199
+4%
|
225
+13%
|
261
+16%
|
303
+16%
|
332
+10%
|
350
+5%
|
365
+4%
|
376
+3%
|
384
+2%
|
389
+1%
|
402
+3%
|
398
-1%
|
412
+3%
|
419
+2%
|
420
+0%
|
423
+1%
|
421
0%
|
420
0%
|
427
+2%
|
449
+5%
|
459
+2%
|
479
+4%
|
494
+3%
|
509
+3%
|
509
0%
|
502
-1%
|
504
+0%
|
491
-3%
|
537
+9%
|
585
+9%
|
621
+6%
|
669
+8%
|
677
+1%
|
677
+0%
|
690
+2%
|
667
-3%
|
665
0%
|
655
-2%
|
632
-3%
|
626
-1%
|
617
-1%
|
621
+1%
|
549
-12%
|
537
-2%
|
512
-5%
|
505
-1%
|
587
+16%
|
612
+4%
|
663
+8%
|
720
+9%
|
785
+9%
|
855
+9%
|
886
+4%
|
889
+0%
|
840
-5%
|
787
-6%
|
737
-6%
|
701
-5%
|
686
-2%
|
673
-2%
|
699
+4%
|
680
-3%
|
648
-5%
|
610
-6%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(180)
|
(206)
|
(224)
|
(227)
|
(214)
|
(197)
|
(177)
|
(162)
|
(168)
|
(185)
|
(207)
|
(237)
|
(277)
|
(282)
|
(299)
|
(307)
|
(318)
|
(318)
|
(336)
|
(352)
|
(372)
|
(392)
|
(395)
|
(396)
|
(409)
|
(402)
|
(413)
|
(435)
|
(436)
|
(458)
|
(473)
|
(482)
|
(475)
|
(466)
|
(461)
|
(453)
|
(493)
|
(543)
|
(572)
|
(613)
|
(621)
|
(615)
|
(627)
|
(608)
|
(615)
|
(609)
|
(591)
|
(584)
|
(565)
|
(563)
|
(497)
|
(479)
|
(451)
|
(436)
|
(497)
|
(516)
|
(550)
|
(586)
|
(635)
|
(692)
|
(719)
|
(721)
|
(679)
|
(625)
|
(579)
|
(558)
|
(550)
|
(535)
|
(553)
|
(530)
|
(505)
|
(489)
|
|
| Gross Profit |
103
N/A
|
62
-40%
|
49
-21%
|
22
-55%
|
49
+123%
|
30
-39%
|
25
-16%
|
28
+11%
|
31
+10%
|
40
+29%
|
55
+37%
|
66
+21%
|
56
-16%
|
68
+22%
|
66
-3%
|
70
+5%
|
66
-6%
|
70
+7%
|
65
-7%
|
46
-29%
|
40
-13%
|
27
-34%
|
25
-6%
|
27
+9%
|
12
-55%
|
19
+56%
|
14
-24%
|
14
-2%
|
23
+61%
|
21
-7%
|
21
-2%
|
27
+31%
|
33
+23%
|
36
+9%
|
43
+18%
|
38
-10%
|
45
+17%
|
43
-4%
|
49
+15%
|
56
+14%
|
56
-1%
|
62
+11%
|
64
+2%
|
58
-8%
|
50
-15%
|
46
-8%
|
41
-11%
|
41
+2%
|
52
+26%
|
58
+11%
|
52
-11%
|
58
+12%
|
61
+5%
|
69
+13%
|
90
+30%
|
96
+7%
|
113
+17%
|
133
+18%
|
150
+12%
|
163
+9%
|
167
+2%
|
168
+1%
|
161
-4%
|
162
+1%
|
158
-3%
|
143
-10%
|
136
-5%
|
138
+1%
|
146
+6%
|
150
+2%
|
143
-4%
|
122
-15%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2)
|
(2)
|
2
|
(2)
|
(5)
|
(10)
|
(11)
|
(13)
|
(12)
|
(8)
|
(12)
|
(14)
|
(8)
|
(24)
|
(23)
|
(25)
|
(24)
|
(25)
|
(26)
|
(25)
|
(24)
|
(22)
|
(23)
|
(26)
|
(30)
|
(42)
|
(38)
|
(37)
|
(25)
|
(23)
|
(26)
|
(27)
|
(26)
|
(17)
|
(16)
|
(15)
|
(26)
|
(36)
|
(38)
|
(39)
|
(30)
|
(34)
|
(34)
|
(32)
|
(28)
|
(26)
|
(27)
|
(27)
|
(26)
|
(25)
|
(20)
|
(19)
|
(4)
|
(4)
|
(9)
|
(12)
|
(29)
|
(31)
|
(43)
|
(43)
|
(42)
|
(44)
|
(35)
|
(37)
|
(41)
|
(37)
|
(36)
|
(36)
|
(44)
|
(45)
|
(49)
|
(49)
|
|
| Selling, General & Administrative |
(13)
|
(14)
|
(15)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(19)
|
(19)
|
(19)
|
(19)
|
(20)
|
(20)
|
(22)
|
(23)
|
(25)
|
(26)
|
(26)
|
(24)
|
(24)
|
(25)
|
(25)
|
(29)
|
(25)
|
(25)
|
(24)
|
(23)
|
(27)
|
(27)
|
(27)
|
(27)
|
(25)
|
(25)
|
(25)
|
(24)
|
(23)
|
(23)
|
(24)
|
(24)
|
(26)
|
(27)
|
(28)
|
(30)
|
(28)
|
(28)
|
(28)
|
(25)
|
(25)
|
(24)
|
(21)
|
(20)
|
(23)
|
(24)
|
(27)
|
(29)
|
(28)
|
(30)
|
(30)
|
(30)
|
(30)
|
(31)
|
(33)
|
(35)
|
(39)
|
(37)
|
(38)
|
(39)
|
(41)
|
(44)
|
(44)
|
(44)
|
|
| Other Operating Expenses |
12
|
11
|
17
|
14
|
12
|
6
|
5
|
6
|
7
|
12
|
7
|
5
|
13
|
(3)
|
(1)
|
(2)
|
1
|
1
|
0
|
(1)
|
1
|
3
|
2
|
3
|
(5)
|
(17)
|
(15)
|
(15)
|
2
|
4
|
1
|
0
|
(1)
|
8
|
9
|
9
|
(3)
|
(12)
|
(14)
|
(15)
|
(4)
|
(7)
|
(6)
|
(2)
|
0
|
2
|
1
|
(2)
|
(1)
|
(2)
|
1
|
1
|
19
|
20
|
18
|
17
|
(0)
|
(1)
|
(14)
|
(13)
|
(12)
|
(13)
|
(2)
|
(3)
|
(1)
|
(1)
|
1
|
3
|
(3)
|
(2)
|
(4)
|
(5)
|
|
| Operating Income |
102
N/A
|
59
-42%
|
51
-15%
|
20
-60%
|
45
+120%
|
20
-55%
|
14
-30%
|
16
+11%
|
19
+21%
|
32
+71%
|
43
+32%
|
52
+22%
|
48
-8%
|
44
-8%
|
43
-3%
|
45
+4%
|
42
-7%
|
45
+8%
|
40
-12%
|
22
-46%
|
17
-23%
|
5
-72%
|
2
-64%
|
1
-18%
|
(18)
N/A
|
(23)
-26%
|
(24)
-6%
|
(24)
+2%
|
(2)
+90%
|
(2)
+18%
|
(6)
-195%
|
0
N/A
|
8
+1 794%
|
19
+155%
|
27
+40%
|
24
-12%
|
19
-21%
|
7
-62%
|
12
+61%
|
17
+45%
|
25
+52%
|
28
+11%
|
30
+6%
|
27
-11%
|
21
-20%
|
19
-10%
|
14
-29%
|
15
+7%
|
26
+78%
|
33
+25%
|
32
-2%
|
39
+22%
|
57
+47%
|
65
+15%
|
81
+24%
|
85
+4%
|
84
0%
|
102
+22%
|
106
+4%
|
120
+13%
|
124
+3%
|
124
0%
|
126
+2%
|
125
-1%
|
117
-6%
|
105
-10%
|
100
-5%
|
102
+3%
|
102
+0%
|
104
+2%
|
94
-10%
|
73
-23%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(2)
|
(5)
|
3
|
27
|
2
|
(1)
|
(0)
|
(2)
|
1
|
(3)
|
(0)
|
(1)
|
(0)
|
2
|
(1)
|
4
|
0
|
1
|
3
|
(2)
|
(3)
|
1
|
1
|
2
|
1
|
(4)
|
(5)
|
(5)
|
3
|
(1)
|
1
|
1
|
(1)
|
(0)
|
(2)
|
(1)
|
(2)
|
(4)
|
(4)
|
(3)
|
(2)
|
0
|
(1)
|
(3)
|
(1)
|
(4)
|
(3)
|
(1)
|
(2)
|
(1)
|
(0)
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(2)
|
(0)
|
5
|
7
|
12
|
15
|
17
|
16
|
16
|
17
|
20
|
21
|
24
|
25
|
|
| Non-Reccuring Items |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(10)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
10
|
0
|
0
|
0
|
(8)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
| Total Other Income |
(53)
|
(0)
|
(0)
|
(0)
|
(3)
|
0
|
0
|
(0)
|
(3)
|
(0)
|
(0)
|
0
|
1
|
(0)
|
(0)
|
(0)
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(4)
|
(0)
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
(0)
|
(2)
|
(0)
|
(0)
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
|
| Pre-Tax Income |
47
N/A
|
55
+18%
|
54
-2%
|
47
-12%
|
43
-8%
|
20
-55%
|
14
-29%
|
13
-4%
|
17
+28%
|
29
+69%
|
42
+44%
|
51
+21%
|
48
-5%
|
46
-5%
|
42
-9%
|
49
+17%
|
46
-6%
|
46
+2%
|
43
-7%
|
20
-54%
|
15
-26%
|
6
-57%
|
3
-56%
|
3
+15%
|
(31)
N/A
|
(27)
+14%
|
(29)
-10%
|
(29)
+2%
|
1
N/A
|
(3)
N/A
|
(5)
-92%
|
1
N/A
|
16
+1 014%
|
19
+21%
|
25
+34%
|
22
-11%
|
7
-71%
|
3
-48%
|
8
+135%
|
14
+71%
|
21
+56%
|
28
+33%
|
29
+1%
|
23
-19%
|
19
-18%
|
15
-19%
|
10
-35%
|
13
+31%
|
24
+79%
|
32
+35%
|
32
-1%
|
39
+22%
|
58
+50%
|
65
+12%
|
81
+25%
|
84
+4%
|
83
-2%
|
102
+24%
|
105
+2%
|
120
+15%
|
129
+7%
|
131
+1%
|
139
+6%
|
139
+1%
|
134
-4%
|
122
-9%
|
115
-5%
|
119
+3%
|
122
+2%
|
126
+3%
|
118
-6%
|
98
-17%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(9)
|
(11)
|
(9)
|
(8)
|
(8)
|
(3)
|
(2)
|
(2)
|
(3)
|
(5)
|
(8)
|
(10)
|
(10)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(5)
|
(4)
|
(2)
|
(1)
|
(1)
|
11
|
10
|
10
|
10
|
(1)
|
(0)
|
(0)
|
(2)
|
(3)
|
(3)
|
(4)
|
(4)
|
(11)
|
(11)
|
(12)
|
(12)
|
(5)
|
(6)
|
(7)
|
(5)
|
(4)
|
(4)
|
(2)
|
(3)
|
(4)
|
(6)
|
(6)
|
(7)
|
(9)
|
(11)
|
(14)
|
(14)
|
(19)
|
(23)
|
(27)
|
(30)
|
(28)
|
(28)
|
(27)
|
(27)
|
(28)
|
(26)
|
(22)
|
(24)
|
(22)
|
(22)
|
(21)
|
(17)
|
|
| Income from Continuing Operations |
38
|
44
|
44
|
39
|
35
|
16
|
12
|
11
|
14
|
24
|
34
|
41
|
39
|
36
|
33
|
38
|
36
|
36
|
34
|
15
|
11
|
4
|
2
|
2
|
(20)
|
(17)
|
(19)
|
(19)
|
0
|
(3)
|
(5)
|
(0)
|
13
|
16
|
21
|
19
|
(4)
|
(8)
|
(4)
|
2
|
16
|
22
|
22
|
18
|
15
|
12
|
8
|
10
|
19
|
26
|
25
|
31
|
49
|
54
|
67
|
70
|
63
|
80
|
77
|
91
|
100
|
103
|
111
|
112
|
107
|
96
|
93
|
95
|
99
|
104
|
97
|
81
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
3
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
38
N/A
|
44
+17%
|
44
0%
|
39
-12%
|
35
-9%
|
16
-55%
|
12
-29%
|
12
+2%
|
15
+24%
|
24
+68%
|
35
+42%
|
41
+19%
|
39
-6%
|
37
-5%
|
33
-9%
|
38
+16%
|
36
-6%
|
37
+1%
|
34
-7%
|
15
-55%
|
11
-27%
|
5
-59%
|
2
-62%
|
2
+41%
|
(17)
N/A
|
(14)
+20%
|
(16)
-11%
|
(15)
+1%
|
0
N/A
|
(3)
N/A
|
(5)
-92%
|
(0)
+92%
|
13
N/A
|
16
+22%
|
21
+32%
|
18
-14%
|
(4)
N/A
|
(8)
-78%
|
(4)
+48%
|
2
N/A
|
16
+962%
|
22
+39%
|
22
0%
|
18
-17%
|
15
-20%
|
12
-20%
|
8
-31%
|
10
+25%
|
19
+93%
|
26
+34%
|
25
-2%
|
31
+24%
|
49
+55%
|
54
+12%
|
67
+24%
|
70
+4%
|
63
-9%
|
80
+26%
|
77
-3%
|
91
+17%
|
100
+11%
|
103
+2%
|
111
+9%
|
112
+1%
|
107
-5%
|
96
-10%
|
93
-3%
|
95
+3%
|
99
+4%
|
104
+5%
|
97
-6%
|
81
-16%
|
|
| EPS (Diluted) |
2.29
N/A
|
2.67
+17%
|
2.63
-1%
|
2.35
-11%
|
2.1
-11%
|
0.95
-55%
|
0.68
-28%
|
0.67
-1%
|
0.85
+27%
|
1.46
+72%
|
2.01
+38%
|
2.3
+14%
|
2.25
-2%
|
2.19
-3%
|
1.99
-9%
|
2.31
+16%
|
2.17
-6%
|
2.2
+1%
|
2.04
-7%
|
0.92
-55%
|
0.66
-28%
|
0.26
-61%
|
0.09
-65%
|
0.13
+44%
|
-1.05
N/A
|
-0.84
+20%
|
-0.94
-12%
|
-0.93
+1%
|
0.03
N/A
|
-0.15
N/A
|
-0.29
-93%
|
-0.01
+97%
|
0.79
N/A
|
0.97
+23%
|
1.28
+32%
|
1.1
-14%
|
-0.26
N/A
|
-0.46
-77%
|
-0.25
+46%
|
0.09
N/A
|
0.96
+967%
|
1.33
+39%
|
1.33
N/A
|
1.09
-18%
|
0.88
-19%
|
0.7
-20%
|
0.48
-31%
|
0.6
+25%
|
1.16
+93%
|
1.55
+34%
|
1.52
-2%
|
1.88
+24%
|
2.92
+55%
|
3.26
+12%
|
4.03
+24%
|
4.2
+4%
|
3.81
-9%
|
4.78
+25%
|
4.65
-3%
|
5.44
+17%
|
6.03
+11%
|
6.16
+2%
|
6.68
+8%
|
6.73
+1%
|
6.4
-5%
|
5.77
-10%
|
5.59
-3%
|
5.73
+3%
|
5.97
+4%
|
6.25
+5%
|
5.84
-7%
|
4.88
-16%
|
|