The Executive Board of DataWalk S.A., with its registered seat in Wroclaw, Poland (“Company”, “Issuer”), reports estimated selected financial data for the Data Walk Capital Group (“Group”) for the first quarter of 2025, together with comparable data:
– consolidated estimated sales revenues amounted to PLN 13.453 thousand, compared to PLN 6.425 thousand in the first quarter of 2024, representing an increase of PLN 7.028 thousand, i.e., a 109% increase compared to the comparable period,
– consolidated estimated operating result adjusted for the cost of depreciation and amortization (EBITDA) amounted to a profit of PLN 728 thousand, compared to a loss of PLN 21.727 thousand in the first quarter of 2024,
– consolidated estimated operating result adjusted for the cost of the incentive program, depreciation and amortization, as well as the change in asset impairment allowances (adjusted EBITDA), amounted to a profit of PLN 3.140 thousand compared to a loss of PLN 6.021 thousand in the first quarter of 2024.
The most significant impact on the change in the Group’s consolidated EBITDA in the first quarter of 2025 was:
i. a decrease in costs related to the share-based incentive program in the total amount of PLN 13.768 thousand compared to the comparable period, resulting from the valuation of the incentive program under IFRS 2 (non-cash expense, with no impact on the current financial position of the Issuer and the Group);
ii. an increase in sales revenue amounted to PLN 7.028 thousand, or 109% compared to the comparable period;
iii. a decrease in operational third-party services costs, resulting from the implemented cost reduction program through optimization of service providers size and structure, amounting to PLN 1.667 thousand, or 22% compared to the comparable period.
The Executive Board decided to present an additional financial metric – EBITDA adjusted for the costs of the incentive program and the change in asset impairment allowances when presenting estimated data, due to the fact that these items are non-cash in nature and do not affect the current financial position (in particular, liquidity) of the Issuer and the Group.
The presented financial results are estimates obtained while preparing the interim financial statements. Consequently, the possibility of change in values indicated in this current report cannot be excluded. Publication of the interim report will take place on May 29, 2025.
In the event of significant changes to the data mentioned above, the Issuer will submit a separate current report by applicable regulations.
The above information complies with the requirements of Art. 7 item 1 MAR due to significant, in the opinion of the Company’s Executive Board, changes relative to the comparable period recorded in terms of the consolidated operating result generated by the Group in the first quarter of 2025, which was particularly affected by the changes in sales revenues and operating expenses of the Group described above.
