New Risk • 9h
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.6% net profit margin). Duyuru • Apr 23
Cyber_Folks S.A., Annual General Meeting, May 18, 2026 Cyber_Folks S.A., Annual General Meeting, May 18, 2026, at 12:00 Central European Standard Time. Duyuru • Nov 06
Cyber_Folks S.A. to Report Q3, 2025 Results on Nov 05, 2025 Cyber_Folks S.A. announced that they will report Q3, 2025 results on Nov 05, 2025 Duyuru • Aug 21
Cyber_Folks S.A. to Report First Half, 2025 Results on Sep 02, 2025 Cyber_Folks S.A. announced that they will report first half, 2025 results on Sep 02, 2025 Duyuru • Apr 21
Cyber_Folks S.A., Annual General Meeting, May 15, 2025 Cyber_Folks S.A., Annual General Meeting, May 15, 2025. Reported Earnings • Sep 03
Second quarter 2024 earnings released: EPS: zł1.26 (vs zł0.73 in 2Q 2023) Second quarter 2024 results: EPS: zł1.26 (up from zł0.73 in 2Q 2023). Revenue: zł154.5m (up 32% from 2Q 2023). Net income: zł17.8m (up 72% from 2Q 2023). Profit margin: 12% (up from 8.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Telecom industry in Germany. Upcoming Dividend • Jun 14
Upcoming dividend of zł1.50 per share Eligible shareholders must have bought the stock before 21 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.2%). New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • May 22
First quarter 2024 earnings released: EPS: zł1.11 (vs zł0.64 in 1Q 2023) First quarter 2024 results: EPS: zł1.11 (up from zł0.64 in 1Q 2023). Revenue: zł144.3m (up 31% from 1Q 2023). Net income: zł15.7m (up 73% from 1Q 2023). Profit margin: 11% (up from 8.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Telecom industry in Germany. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €29.50, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 13x in the Telecom industry in Europe. Total returns to shareholders of 162% over the past three years. Duyuru • Apr 27
Cyber_Folks S.A., Annual General Meeting, May 27, 2024 Cyber_Folks S.A., Annual General Meeting, May 27, 2024, at 10:00 Central European Standard Time. Duyuru • Apr 17
MCI DC Laczna Spólka Inwestycyjna signed a preliminary conditional sale agreement to acquire 33.34% stake in Profitroom S.A. from Cyber_Folks S.A. (WSE:CBF) for PLN 97.5 million. MCI DC Laczna Spólka Inwestycyjna signed a preliminary conditional sale agreement to acquire 33.34% stake in Profitroom S.A. from Cyber_Folks S.A. (WSE:CBF) for PLN 97.5 million on April 16, 2024. MCI DC acquires 5,044,683 shares of Profitroom. Based on the agreement, provided that the conditions precedent stipulated therein are met, final agreements will be concluded , under which the buyer will purchase from the existing shareholders of the company a total of 9,834,937 shares in the company. Concluding the transaction depends on conducting antitrust proceedings and obtaining by the buyer an insurance policy regarding the sellers' civil liability related in particular to false assurances made in the contract, and the deadline for the fulfillment of the above-mentioned. conditions was set for September 30, 2024. The transaction is to be closed no later than 10 business days from the date of fulfillment of the last condition, the companies announced. The sellers, i.e. the founders and Cyber_Folks, were advised by EY and Dentons. MCI was advised on the transaction by DJM, Deloitte , Bain & Company and Vienna Capital Partners. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: zł3.60 (vs zł1.70 in FY 2022) Full year 2023 results: EPS: zł3.60 (up from zł1.70 in FY 2022). Revenue: zł480.4m (up 23% from FY 2022). Net income: zł50.8m (up 112% from FY 2022). Profit margin: 11% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Telecom industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year and the company’s share price has also increased by 29% per year. Reported Earnings • Nov 17
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: zł120.3m (up 11% from 3Q 2022). Net income: zł9.77m (up 227% from 3Q 2022). Profit margin: 8.1% (up from 2.8% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Reported Earnings • Sep 07
Second quarter 2023 earnings released: EPS: zł0.73 (vs zł0.26 in 2Q 2022) Second quarter 2023 results: EPS: zł0.73 (up from zł0.26 in 2Q 2022). Revenue: zł116.8m (up 34% from 2Q 2022). Net income: zł10.3m (up 177% from 2Q 2022). Profit margin: 8.8% (up from 4.3% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Germany. Upcoming Dividend • Aug 22
Upcoming dividend of zł0.93 per share at 1.2% yield Eligible shareholders must have bought the stock before 29 August 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.2%). Reported Earnings • May 28
First quarter 2023 earnings released: EPS: zł0.64 (vs zł0.60 in 1Q 2022) First quarter 2023 results: EPS: zł0.64 (up from zł0.60 in 1Q 2022). Revenue: zł110.5m (up 32% from 1Q 2022). Net income: zł9.06m (up 6.8% from 1Q 2022). Profit margin: 8.2% (down from 10% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Germany. Duyuru • May 26
R22 S.A., Annual General Meeting, Jun 26, 2023 R22 S.A., Annual General Meeting, Jun 26, 2023, at 10:00 Central European Standard Time. Duyuru • May 25
R22 S.A. (WSE:R22) acquired CYBER_FOLKS SPOLKA AKCYJNA. R22 S.A. (WSE:R22) acquired CYBER_FOLKS SPOLKA AKCYJNA on May 23, 2023. The merger is yet to be approved by R22's Annual General Meeting. R22 S.A. (WSE:R22) completed the acquisition of CYBER_FOLKS SPOLKA AKCYJNA on May 23, 2023. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €13.25, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 14x in the Telecom industry in Germany. Total returns to shareholders of 74% over the past year. Reported Earnings • Nov 20
Third quarter 2022 earnings released: EPS: zł0.21 (vs zł0.22 in 3Q 2021) Third quarter 2022 results: EPS: zł0.21 (down from zł0.22 in 3Q 2021). Revenue: zł108.5m (up 24% from 3Q 2021). Net income: zł2.98m (down 3.1% from 3Q 2021). Profit margin: 2.8% (down from 3.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Sep 10
Second quarter 2022 earnings released: EPS: zł0.26 (vs zł0.28 in 2Q 2021) Second quarter 2022 results: EPS: zł0.26 (down from zł0.28 in 2Q 2021). Revenue: zł87.2m (up 23% from 2Q 2021). Net income: zł3.71m (down 7.1% from 2Q 2021). Profit margin: 4.3% (down from 5.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 22
First quarter 2022 earnings released: EPS: zł0.60 (vs zł0.28 in 1Q 2021) First quarter 2022 results: EPS: zł0.60 (up from zł0.28 in 1Q 2021). Net income: zł8.48m (up 112% from 1Q 2021). Duyuru • May 13
R22 S.A., Annual General Meeting, Jun 06, 2022 R22 S.A., Annual General Meeting, Jun 06, 2022, at 11:00 Central European Standard Time. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €7.60, the stock trades at a trailing P/E ratio of 29.2x. Average trailing P/E is 27x in the Telecom industry in Germany. Reported Earnings • May 28
First quarter 2021 earnings released: EPS zł0.49 (vs zł0.28 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: zł67.3m (up 36% from 1Q 2020). Net income: zł6.90m (up 77% from 1Q 2020). Profit margin: 10% (up from 7.9% in 1Q 2020). The increase in margin was driven by higher revenue. 
