Instituto Rosenbusch 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	4,043	8,275	9,860	4,276	1,523	843.2
Revenue Growth (YoY)	-68.12%	-16.08%	130.61%	180.84%	80.56%	50.40%
Cost of Revenue	4,930	4,489	7,036	2,302	1,093	552.9
Gross Profit	-887.22	3,786	2,825	1,974	429.2	290.3
Selling, General & Admin	1,617	1,846	2,517	1,054	397.23	196.68
Other Operating Expenses	242.2	69.56	273.17	44.11	-10.01	-2.45
Operating Expenses	1,860	1,915	2,790	1,098	387.22	194.23
Operating Income	-2,747	1,871	34.37	875.27	41.98	96.07
Interest Expense	-402.84	-625.61	-1,058	-524.56	-67.42	-49.13
Interest & Investment Income	0.21	-	-	-	-	-
Currency Exchange Gain (Loss)	-1,093	-2,664	1,709	-318.06	-114.02	-39.35
Other Non Operating Income (Expenses)	-	-	-	-0	-	-
EBT Excluding Unusual Items	-4,243	-1,419	684.84	32.65	-139.46	7.59
Gain (Loss) on Sale of Assets	-	-	686.65	-	-	-
Other Unusual Items	-	-	-	-	101.34	-
Pretax Income	-4,243	-1,419	1,371	32.65	-38.11	7.59
Income Tax Expense	64.29	186.47	134.85	74.9	8.43	28.75
Earnings From Continuing Operations	-4,307	-1,605	1,237	-42.25	-46.54	-21.17
Minority Interest in Earnings	-43.73	187.89	-10.76	17.04	8.42	-4.5
Net Income	-4,351	-1,417	1,226	-25.22	-38.12	-25.67
Net Income to Common	-4,351	-1,417	1,226	-25.22	-38.12	-25.67
Shares Outstanding (Basic)	43	43	43	43	43	43
Shares Outstanding (Diluted)	43	43	43	43	43	43
EPS (Basic)	-102.16	-33.28	28.78	-0.59	-0.90	-0.60
EPS (Diluted)	-102.16	-33.28	28.78	-0.59	-0.90	-0.60
Free Cash Flow	-669.99	537.19	215.92	70.74	54.2	62.79
Free Cash Flow Per Share	-15.73	12.61	5.07	1.66	1.27	1.47
Gross Margin	-21.95%	45.75%	28.65%	46.16%	28.19%	34.43%
Operating Margin	-67.95%	22.61%	0.35%	20.47%	2.76%	11.39%
Profit Margin	-107.62%	-17.13%	12.43%	-0.59%	-2.50%	-3.04%
Free Cash Flow Margin	-16.57%	6.49%	2.19%	1.65%	3.56%	7.45%
EBITDA	-2,622	2,031	141.25	960.99	87.08	121.48
EBITDA Margin	-64.86%	24.55%	1.43%	22.48%	5.72%	14.41%
D&A For EBITDA	124.75	160.55	106.89	85.72	45.1	25.41
EBIT	-2,747	1,871	34.37	875.27	41.98	96.07
EBIT Margin	-67.95%	22.61%	0.35%	20.47%	2.76%	11.39%
Effective Tax Rate	-	-	9.83%	229.42%	-	378.98%
Advertising Expenses	-	12.69	21.43	9.55	4.34	0.39

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