Carel Industries Income Statement

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

Millions EUR. 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
Operating Revenue	629.03	578.54	650.25	544.85	420.42
Revenue	629.03	578.54	650.25	544.85	420.42
Revenue Growth (YoY)	8.73%	-11.03%	19.34%	29.60%	26.78%
Cost of Revenue	330.11	306.99	358.79	313.99	237.29
Gross Profit	298.92	271.54	291.46	230.86	183.13
Selling, General & Admin	175.75	169.78	156.16	122.8	102.02
Other Operating Expenses	-0.9	-3.11	-1.82	-3.62	-0.71
Operating Expenses	216.96	204.98	187.06	143.56	122.15
Operating Income	81.96	66.56	104.4	87.3	60.98
Interest Expense	-5.91	-10.04	-10.79	-2.56	-1.96
Interest & Investment Income	-	1.79	0.76	0.17	0.19
Earnings From Equity Investments	1.04	1.74	0.61	2.36	0.51
Currency Exchange Gain (Loss)	-1.31	3.18	-3.76	-0.86	-1.43
Other Non Operating Income (Expenses)	19.4	15.63	0.89	-3.23	-0.74
EBT Excluding Unusual Items	95.18	78.86	92.11	83.18	57.55
Gain (Loss) on Sale of Investments	-	0.91	1.09	0.21	0.03
Gain (Loss) on Sale of Assets	-	-0.01	0.07	0.05	0.35
Asset Writedown	-	-0.03	-0.06	-0.04	-0
Other Unusual Items	-	-	-	-	3.13
Pretax Income	95.18	79.73	93.21	83.4	61.06
Income Tax Expense	21.5	16.47	18.73	18.6	11.97
Earnings From Continuing Operations	73.68	63.26	74.47	64.8	49.09
Minority Interest in Earnings	-0.04	-0.62	-3.53	-2.68	-0.03
Net Income	73.64	62.64	70.94	62.12	49.06
Net Income to Common	73.64	62.64	70.94	62.12	49.06
Net Income Growth	17.56%	-11.70%	14.19%	26.63%	39.72%
Shares Outstanding (Basic)	113	112	101	100	100
Shares Outstanding (Diluted)	113	112	101	100	100
Shares Change (YoY)	0.71%	11.35%	1.44%	-0.31%	0.05%
EPS (Basic)	0.65	0.56	0.70	0.62	0.49
EPS (Diluted)	0.65	0.56	0.70	0.62	0.49
EPS Growth	16.73%	-20.70%	12.57%	27.02%	39.65%
Free Cash Flow	107.12	63.9	81.09	47.11	39.23
Free Cash Flow Per Share	0.94	0.57	0.80	0.47	0.39
Dividend Per Share	0.195	0.165	0.190	0.180	0.150
Dividend Growth	18.18%	-13.16%	5.56%	20.00%	25.00%
Gross Margin	47.52%	46.94%	44.82%	42.37%	43.56%
Operating Margin	13.03%	11.51%	16.05%	16.02%	14.50%
Profit Margin	11.71%	10.83%	10.91%	11.40%	11.67%
Free Cash Flow Margin	17.03%	11.05%	12.47%	8.65%	9.33%
EBITDA	124.08	95.09	128.05	111.68	81.82
EBITDA Margin	19.73%	16.44%	19.69%	20.50%	19.46%
D&A For EBITDA	42.12	28.53	23.66	24.38	20.84
EBIT	81.96	66.56	104.4	87.3	60.98
EBIT Margin	13.03%	11.51%	16.05%	16.02%	14.50%
Effective Tax Rate	22.59%	20.66%	20.10%	22.30%	19.60%

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