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GDANSK (Reuters) - The Warsaw Stock Exchange reported a more than 2% year-on-year increase in full-year core profit late on Tuesday, primarily driven by higher sales revenue from strong growth in the stock markets.
WHY IT'S IMPORTANT
The WSE is the largest stock exchange in Central and Eastern Europe by total market capitalisation, standing at 1.97 billion euros ($2.12 billion). As of January 2025, the exchange hosted 410 listed companies.
BY THE NUMBERS
The exchange's adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached 163.7 million zlotys, reflecting a 2% jump from the 160.2 million zlotys seen in 2023.
Sales revenue stood at 464.8 million zlotys, marking a rise of more than 4% compared with 444.9 million zlotys the previous year.
"We are satisfied with the record revenues of the Group, which we generated thanks to solid growth in the financial market" Group CEO Tomasz Bardzilowski said in a press release.
Adjusted net profit came in at 157.7 million zlotys, compared with 156.0 million zlotys a year earlier.
OUTLOOK
Last November, the WSE outlined a plan for 2025-2027, which aims to boost revenue, reduce costs, pursue strategic partnerships and acquisitions, and strengthen Warsaw's position as a regional financial centre.
($1 = 0.9272 euros)
(Reporting by Marta Maciag and Rafal W. Nowak; Editing by Kirsten Donovan and Sherry Jacob-Phillips)
