KRUK S.A.: Interim Reports 4Q 2023

Interim Reports 4Q 2023
The Management Board of KRUK S. A. publishes audited KRUK Group's report for the period January 1st- December 31th 2023, issued on March 26th 2024.
The report consists of three parts:

1. KRUK Group FS 2023
2. KRUK FS 2023
3. Directors' report on the operations of the Kruk Group and KRUK

The report differs from once published on February 27, 2024 by creating a provision for the result of the tax inspection in the parent entity KRUK, which reduced net profit from PLN 1,012,488 into PLN 983,934.
As at the date of issue of these financial statements, the Company has not yet received the inspection report and the provision has been created as an estimate by the Management Board based on the scenario method.

Financial highlights

Financial highlights	PLN '000		EUR '000
For the period	1 Jan-31 Dec 2023	1 Jan-31 Dec 2022	1 Jan-31 Dec 2023	1 Jan-31 Dec 2022
Revenue	2,592,580	2,145,790	572,516	457,690
Operating profit	1,327,158	1,042,841	293,074	222,435
Profit before tax	1,037,474	863,710	229,104	184,227
Net profit attributable to owners of the Parent	983,934	804,982	217,281	171,700
Net cash from operating activities	(785,251)	(567,772)	(173,406)	(121,104)
Purchase of debt portfolios at prices as per agreement	2,972,231	2,311,072	656,353	492,945
Cash recoveries	3,062,473	2,627,343	676,281	560,404
Net cash from investing activities	(23,328)	(32,271)	(5,151)	(6,883)
Net cash from financing activities	994,880	603,039	219,698	128,626
Net change in cash	186,301	2,996	41,141	639
Diluted earnings per share (PLN/EUR)	48.37	40.71	10.68	8.68
Average number of shares ('000)	19,319	19,136	19,319	19,136
Earnings per share (PLN/EUR)	50.93	42.07	11.25	8.97
As at	31 Dec 2023	31 Dec 2022	31 Dec 2023	31 Dec 2022
Total assets	9,928,505	7,681,082	2,283,465	1,637,792
Non-current liabilities	5,385,216	3,729,520	1,238,550	795,224
Current liabilities	752,479	698,265	173,063	148,887
Equity	3,790,810	3,253,297	871,851	693,682
Share capital	19,319	19,319	4,443	4,119
Book value per ordinary share	196.22	168.40	45.13	35.91

Contacts
Anna Kowalczyk
tel. no.: [phone]
e-mail: [e-mail]

Tomasz Kaluziak
tel. no.: [phone]
e-mail: [e-mail]

About Us
KRUK Group is a leading European player in debt management sector. The company was established in 1998 and now operates in Poland, Romania, Italy, Spain, Czechia and Slovakia, as well as holds assets in Germany. KRUK is present on Warsaw Stock Exchange in Poland and is also regular issuer of bonds on Warsaw Bond Market - Catalyst.

This information is information that KRUK S.A. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-03-27 17:37 CET.