Mermeren Kombinat AD Income Statement

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

Millions MKD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,942	1,937	1,800	1,874	1,866	1,358
Revenue Growth (YoY)	-0.97%	7.60%	-3.96%	0.45%	37.40%	-38.90%
Cost of Revenue	849.3	706.93	655.48	653.09	573.26	540.18
Gross Profit	1,093	1,230	1,145	1,221	1,293	817.87
Selling, General & Admin	199.78	214.98	219.35	266.81	266.36	279.06
Other Operating Expenses	-7.8	-6.8	0.49	-0.61	-1.19	-
Operating Expenses	197.5	213.68	225.91	273.22	271.37	279.13
Operating Income	895.08	1,016	918.73	948	1,021	538.74
Interest Expense	-5.3	-0.17	-0.06	-0	-1.11	-2.48
Interest & Investment Income	11.55	2.68	4.3	1.64	2.17	1.74
Currency Exchange Gain (Loss)	-1	-1	-1.14	-2.21	-2.76	1.95
Other Non Operating Income (Expenses)	-4.05	-4.03	-5.16	-5.27	-4.77	-1.49
EBT Excluding Unusual Items	896.28	1,014	916.66	942.15	1,015	538.46
Gain (Loss) on Sale of Assets	0.65	0.65	0.13	0.37	0.36	0.34
Asset Writedown	-0.01	-0.01	-0.02	-1.58	-1.55	-
Legal Settlements	0	0	0.01	0	0.01	-
Other Unusual Items	0.13	0.13	0.1	6.06	0.79	0.78
Pretax Income	897.05	1,015	916.87	947	1,014	539.58
Income Tax Expense	94.69	105.87	74.26	86.33	98.04	30.82
Net Income	802.36	908.65	842.62	860.68	916.42	508.75
Net Income to Common	802.36	908.65	842.62	860.68	916.42	508.75
Net Income Growth	-18.05%	7.84%	-2.10%	-6.08%	80.13%	-58.89%
Shares Outstanding (Basic)	-	5	5	5	5	5
Shares Outstanding (Diluted)	-	5	5	5	5	5
EPS (Basic)	-	193.87	179.78	183.64	195.53	108.55
EPS (Diluted)	-	193.87	179.78	183.64	195.53	108.55
EPS Growth	-	7.84%	-2.10%	-6.08%	80.13%	-58.89%
Free Cash Flow	-	960.09	814.68	826.77	895.47	431.64
Free Cash Flow Per Share	-	204.85	173.82	176.40	191.06	92.10
Dividend Per Share	-	-	-	-	-	137.441
Gross Margin	56.26%	63.50%	63.59%	65.16%	69.28%	60.22%
Operating Margin	46.09%	52.47%	51.04%	50.58%	54.73%	39.67%
Profit Margin	41.32%	46.91%	46.81%	45.92%	49.11%	37.46%
Free Cash Flow Margin	-	49.57%	45.26%	44.11%	47.99%	31.78%
EBITDA	1,036	1,155	1,057	1,078	1,158	665.11
EBITDA Margin	53.33%	59.61%	58.71%	57.52%	62.04%	48.98%
D&A For EBITDA	140.57	138.38	138.06	130.1	136.37	126.37
EBIT	895.08	1,016	918.73	948	1,021	538.74
EBIT Margin	46.09%	52.47%	51.04%	50.58%	54.73%	39.67%
Effective Tax Rate	10.56%	10.44%	8.10%	9.12%	9.66%	5.71%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.