Santos Income Statement

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

Millions USD. 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	4,939	5,381	5,889	7,790	4,713
Revenue Growth (YoY)	-8.21%	-8.63%	-24.40%	65.29%	39.15%
Cost of Revenue	3,275	3,395	3,667	3,900	2,982
Gross Profit	1,664	1,986	2,222	3,890	1,731
Selling, General & Admin	150	146	155	158	82
Research & Development	10	6	-	-	-
Other Operating Expenses	187	93	128	367	201
Operating Expenses	533	437	444	854	417
Operating Income	1,131	1,549	1,778	3,036	1,314
Interest Expense	-178	-101	-158	-202	-167
Interest & Investment Income	114	122	106	54	5
Earnings From Equity Investments	-24	2	5	-16	25
Currency Exchange Gain (Loss)	-20	8	-15	-22	-3
Other Non Operating Income (Expenses)	112	117	81	215	-19
EBT Excluding Unusual Items	1,135	1,697	1,797	3,065	1,155
Impairment of Goodwill	-	-	-	-147	-
Gain (Loss) on Sale of Assets	-11	13	5	15	10
Pretax Income	1,190	1,749	1,819	2,948	1,205
Income Tax Expense	372	485	403	836	547
Earnings From Continuing Operations	818	1,264	1,416	2,112	658
Minority Interest in Earnings	-	-40	-	-	-
Net Income	818	1,224	1,416	2,112	658
Net Income to Common	818	1,224	1,416	2,112	658
Net Income Growth	-33.17%	-13.56%	-32.95%	220.97%	-
Shares Outstanding (Basic)	3,241	3,240	3,262	3,351	2,133
Shares Outstanding (Diluted)	3,253	3,253	3,276	3,364	2,150
Shares Change (YoY)	-0.00%	-0.69%	-2.62%	56.43%	3.24%
EPS (Basic)	0.25	0.38	0.43	0.63	0.31
EPS (Diluted)	0.25	0.38	0.43	0.63	0.31
EPS Growth	-33.25%	-12.96%	-31.21%	105.23%	-
Free Cash Flow	757	449	889	2,851	1,169
Free Cash Flow Per Share	0.23	0.14	0.27	0.85	0.54
Dividend Per Share	0.237	0.233	0.262	0.227	0.140
Dividend Growth	1.72%	-11.07%	15.42%	62.14%	97.18%
Gross Margin	33.69%	36.91%	37.73%	49.94%	36.73%
Operating Margin	22.90%	28.79%	30.19%	38.97%	27.88%
Profit Margin	16.56%	22.75%	24.04%	27.11%	13.96%
Free Cash Flow Margin	15.33%	8.34%	15.10%	36.60%	24.80%
EBITDA	2,908	3,226	3,494	4,733	2,427
EBITDA Margin	58.88%	59.95%	59.33%	60.76%	51.50%
D&A For EBITDA	1,777	1,677	1,716	1,697	1,113
EBIT	1,131	1,549	1,778	3,036	1,314
EBIT Margin	22.90%	28.79%	30.19%	38.97%	27.88%
Effective Tax Rate	31.26%	27.73%	22.16%	28.36%	45.39%

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