Theon International Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	443.42	352.36	218.72	142.89	80.56
Revenue Growth (YoY)	25.84%	61.10%	53.07%	77.38%	48.58%
Cost of Revenue	298.66	243.15	148.51	92.69	46.91
Gross Profit	144.75	109.21	70.21	50.21	33.64
Selling, General & Admin	35.44	18.09	12.07	9.12	6.76
Research & Development	5.34	4.8	2.81	1.99	1.48
Other Operating Expenses	-1.77	-1.28	-0.38	-1.07	0.21
Operating Expenses	39.02	22.26	14.49	10.04	8.45
Operating Income	105.74	86.95	55.72	40.17	25.19
Interest Expense	-14.32	-3.64	-2.52	-0.84	-0.5
Interest & Investment Income	-	2.9	0.3	0.02	0
Earnings From Equity Investments	3.25	2.45	0.59	-	-
Currency Exchange Gain (Loss)	-	-0.02	-2.88	-0.99	-0.11
Other Non Operating Income (Expenses)	11.08	-1.95	-1.36	-0.61	-0.18
EBT Excluding Unusual Items	105.75	86.69	49.85	37.74	24.4
Gain (Loss) on Sale of Investments	-	0.1	-	-	-0.13
Gain (Loss) on Sale of Assets	-	-0.01	0.02	0.05	0.04
Asset Writedown	-0.21	-	-	-	-
Other Unusual Items	-	-0.08	-	-	-
Pretax Income	105.54	86.7	49.87	37.8	24.31
Income Tax Expense	24.35	19.26	13.77	7.8	5.25
Earnings From Continuing Operations	81.19	67.44	36.1	30	19.06
Minority Interest in Earnings	-0.74	-0.02	-	-	-
Net Income	80.46	67.42	36.1	30	19.06
Net Income to Common	80.46	67.42	36.1	30	19.06
Net Income Growth	19.34%	86.78%	20.32%	57.37%	156.37%
Shares Outstanding (Basic)	69	69	60	20	20
Shares Outstanding (Diluted)	69	69	60	20	20
Shares Change (YoY)	0.28%	15.28%	200.00%	-	-
EPS (Basic)	1.16	0.97	0.60	1.50	0.95
EPS (Diluted)	1.16	0.97	0.60	1.50	0.95
EPS Growth	19.00%	62.46%	-60.00%	57.37%	156.37%
Free Cash Flow	34.11	-30.69	30.68	-10.97	14.28
Free Cash Flow Per Share	0.49	-0.44	0.51	-0.55	0.71
Dividend Per Share	-	0.340	0.210	-	-
Dividend Growth	-	61.91%	-	-	-
Gross Margin	32.65%	30.99%	32.10%	35.13%	41.77%
Operating Margin	23.85%	24.68%	25.47%	28.11%	31.27%
Profit Margin	18.14%	19.13%	16.50%	21.00%	23.66%
Free Cash Flow Margin	7.69%	-8.71%	14.03%	-7.67%	17.72%
EBITDA	109.17	88.82	56.71	41.17	26.15
EBITDA Margin	24.62%	25.21%	25.93%	28.81%	32.46%
D&A For EBITDA	3.43	1.88	0.99	1	0.95
EBIT	105.74	86.95	55.72	40.17	25.19
EBIT Margin	23.85%	24.68%	25.47%	28.11%	31.27%
Effective Tax Rate	23.07%	22.21%	27.62%	20.63%	21.60%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.