Havanna Holding Income Statement

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

Millions ARS. 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	157,888	155,123	96,762	43,117	10,686
Revenue Growth (YoY)	1.78%	60.31%	124.42%	303.50%	158.20%
Cost of Revenue	79,276	70,766	39,933	17,495	4,824
Gross Profit	78,613	84,357	56,829	25,622	5,862
Selling, General & Admin	49,387	47,384	31,536	12,034	3,414
Other Operating Expenses	1,894	3,809	1,230	1,414	331.55
Operating Expenses	51,281	51,193	32,766	13,448	3,746
Operating Income	27,332	33,164	24,063	12,174	2,116
Interest Expense	-6,862	-10,838	-6,541	-1,993	-1,301
Interest & Investment Income	2,308	71.56	72.06	68.05	63.05
Currency Exchange Gain (Loss)	-8,099	-2,108	1,020	318.56	26.11
Other Non Operating Income (Expenses)	410.88	6,151	7,393	1,830	1,095
EBT Excluding Unusual Items	15,090	26,441	26,006	12,398	1,998
Gain (Loss) on Sale of Investments	4,003	3,264	1,830	441.75	39.09
Gain (Loss) on Sale of Assets	151.87	1,000	1,086	138.29	64.91
Legal Settlements	-310.01	-444.88	-155.74	-62.17	-20.82
Other Unusual Items	654.48	3.01	-464.44	-196.98	-148.95
Pretax Income	19,589	30,264	28,301	12,719	1,933
Income Tax Expense	7,693	12,509	11,916	5,087	1,016
Earnings From Continuing Operations	11,896	17,755	16,385	7,632	916.41
Minority Interest in Earnings	-550.96	-736.29	-747.77	-273.75	-21.35
Net Income	11,345	17,019	15,637	7,358	895.06
Net Income to Common	11,345	17,019	15,637	7,358	895.06
Net Income Growth	-33.34%	8.83%	112.53%	722.06%	-
Shares Outstanding (Basic)	47	47	47	47	47
Shares Outstanding (Diluted)	47	47	47	47	47
EPS (Basic)	241.50	362.28	332.88	156.63	19.05
EPS (Diluted)	241.50	362.28	332.88	156.63	19.05
EPS Growth	-33.34%	8.83%	112.53%	722.21%	-
Free Cash Flow	3,543	18,778	11,686	8,835	2,449
Free Cash Flow Per Share	75.42	399.73	248.78	188.07	52.14
Dividend Per Share	-	138.450	91.564	28.212	-
Dividend Growth	-	51.21%	224.56%	-	-
Gross Margin	49.79%	54.38%	58.73%	59.42%	54.85%
Operating Margin	17.31%	21.38%	24.87%	28.23%	19.80%
Profit Margin	7.18%	10.97%	16.16%	17.07%	8.38%
Free Cash Flow Margin	2.24%	12.11%	12.08%	20.49%	22.92%
EBITDA	31,424	36,323	26,158	13,160	2,415
EBITDA Margin	19.90%	23.41%	27.03%	30.52%	22.60%
D&A For EBITDA	4,092	3,158	2,095	986.72	299.45
EBIT	27,332	33,164	24,063	12,174	2,116
EBIT Margin	17.31%	21.38%	24.87%	28.23%	19.80%
Effective Tax Rate	39.27%	41.33%	42.10%	40.00%	52.58%
Advertising Expenses	2,345	1,572	1,794	578.93	147.8

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