Vulcan Energy Resources Limited (ASX:VUL)

Vulcan Energy Resources Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jun 30, 2022
Revenue	7.35	8.12	25.66	12.1	7.5
Revenue Growth (YoY)	-9.47%	-68.36%	112.15%	61.37%	-
Cost of Revenue	2.96	0.75	2.59	5.04	2.51
Gross Profit	4.4	7.37	23.07	7.06	4.98
Selling, General & Admin	18.48	26.02	30.17	17.78	16.21
Other Operating Expenses	23.04	16.53	20.1	7.72	1.92
Operating Expenses	67.23	53	57.83	32.15	24.88
Operating Income	-62.83	-45.63	-34.76	-25.09	-19.89
Interest Expense	-0.42	-0.17	-0.17	-0.33	-
Interest & Investment Income	2.82	1.89	3.56	0.88	0.23
Earnings From Equity Investments	-	-0.09	-0.46	-0.46	-0.5
Currency Exchange Gain (Loss)	-5.85	1.46	0.3	-0.01	0.29
Other Non Operating Income (Expenses)	-1.41	-	-	-0.63	-0.55
EBT Excluding Unusual Items	-67.68	-42.55	-31.53	-25.65	-20.43
Impairment of Goodwill	-	-	-1.04	-	-0.04
Gain (Loss) on Sale of Investments	-	-	3.87	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	1.98
Asset Writedown	-	-	-0.1	-0.01	-
Pretax Income	-67.68	-42.55	-28.8	-25.66	-18.49
Income Tax Expense	1.9	-0.19	-1.84	0.36	0.37
Net Income	-69.58	-42.36	-26.96	-26.02	-18.85
Net Income to Common	-69.58	-42.36	-26.96	-26.02	-18.85
Shares Outstanding (Basic)	235	182	159	138	125
Shares Outstanding (Diluted)	235	182	159	138	125
Shares Change (YoY)	29.25%	14.24%	15.81%	10.35%	-
EPS (Basic)	-0.30	-0.23	-0.17	-0.19	-0.15
EPS (Diluted)	-0.30	-0.23	-0.17	-0.19	-0.15
Free Cash Flow	-97.96	-100.99	-116.96	-58.32	-43.52
Free Cash Flow Per Share	-0.42	-0.56	-0.73	-0.42	-0.35
Gross Margin	59.80%	90.76%	89.89%	58.36%	66.48%
Operating Margin	-854.86%	-562.01%	-135.47%	-207.47%	-265.43%
Profit Margin	-946.60%	-521.71%	-105.08%	-215.16%	-251.51%
Free Cash Flow Margin	-1332.82%	-1243.91%	-455.82%	-482.21%	-580.71%
EBITDA	-43.41	-37.59	-30.94	-20.79	-17.56
EBITDA Margin	-	-	-120.57%	-171.91%	-234.28%
D&A For EBITDA	19.42	8.04	3.83	4.3	2.34
EBIT	-62.83	-45.63	-34.76	-25.09	-19.89
EBIT Margin	-	-	-135.47%	-207.47%	-265.43%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.