Havanna Holding Income Statement

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

Millions ARS. 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	120,186	117,921	96,762	43,117	10,686	4,139
Revenue Growth (YoY)	-11.36%	21.87%	124.42%	303.50%	158.20%	-3.19%
Cost of Revenue	61,265	53,830	39,933	17,495	4,824	2,331
Gross Profit	58,921	64,091	56,829	25,622	5,862	1,808
Selling, General & Admin	35,922	35,985	31,536	12,034	3,414	2,014
Other Operating Expenses	1,579	2,896	1,230	1,414	331.55	220.96
Operating Expenses	37,501	38,880	32,766	13,448	3,746	2,235
Operating Income	21,420	25,211	24,063	12,174	2,116	-426.79
Interest Expense	-5,193	-8,239	-6,541	-1,993	-1,301	-552.66
Interest & Investment Income	1,558	54.39	72.06	68.05	63.05	53.13
Currency Exchange Gain (Loss)	-4,415	-99.23	1,020	318.56	26.11	-9.12
Other Non Operating Income (Expenses)	-146.96	4,258	7,393	1,830	1,095	8.95
EBT Excluding Unusual Items	13,223	21,185	26,006	12,398	1,998	-926.48
Gain (Loss) on Sale of Investments	1,581	1,396	1,830	441.75	39.09	6.55
Gain (Loss) on Sale of Assets	489.21	760.24	1,086	138.29	64.91	-26.44
Legal Settlements	-118.68	-338.18	-155.74	-62.17	-20.82	-7.4
Other Unusual Items	2.29	2.29	-464.44	-196.98	-148.95	64.28
Pretax Income	15,177	23,006	28,301	12,719	1,933	-889.5
Income Tax Expense	5,852	9,509	11,916	5,087	1,016	-5.84
Earnings From Continuing Operations	9,325	13,497	16,385	7,632	916.41	-883.66
Minority Interest in Earnings	-445.67	-559.71	-747.77	-273.75	-21.35	35.76
Net Income	8,880	12,937	15,637	7,358	895.06	-847.9
Net Income to Common	8,880	12,937	15,637	7,358	895.06	-847.9
Net Income Growth	-51.79%	-17.27%	112.53%	722.06%	-	-
Shares Outstanding (Basic)	47	47	47	47	47	47
Shares Outstanding (Diluted)	47	47	47	47	47	47
EPS (Basic)	189.03	275.40	332.88	156.63	19.05	-18.05
EPS (Diluted)	189.03	275.40	332.88	156.63	19.05	-18.05
EPS Growth	-51.79%	-17.27%	112.53%	722.21%	-	-
Free Cash Flow	-1,646	12,819	11,686	8,835	2,449	172.73
Free Cash Flow Per Share	-35.04	272.89	248.78	188.07	52.14	3.68
Dividend Per Share	119.209	119.209	91.564	28.212	-	-
Dividend Growth	30.19%	30.19%	224.56%	-	-	-
Gross Margin	49.02%	54.35%	58.73%	59.42%	54.85%	43.68%
Operating Margin	17.82%	21.38%	24.87%	28.23%	19.80%	-10.31%
Profit Margin	7.39%	10.97%	16.16%	17.07%	8.38%	-20.49%
Free Cash Flow Margin	-1.37%	10.87%	12.08%	20.49%	22.92%	4.17%
EBITDA	23,755	27,597	26,158	13,160	2,415	-192.37
EBITDA Margin	19.77%	23.40%	27.03%	30.52%	22.60%	-4.65%
D&A For EBITDA	2,335	2,386	2,095	986.72	299.45	234.42
EBIT	21,420	25,211	24,063	12,174	2,116	-426.79
EBIT Margin	17.82%	21.38%	24.87%	28.23%	19.80%	-10.31%
Effective Tax Rate	38.56%	41.33%	42.10%	40.00%	52.58%	-
Advertising Expenses	-	1,195	1,794	578.93	147.8	75.43

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