CULTI Milano Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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
Operating Revenue	23.5	25.03	22.64	23.14	21	13.53
Other Revenue	0.44	0.89	0.49	0.38	0.15	0.18
Revenue	23.94	25.91	23.13	23.52	21.15	13.71
Revenue Growth (YoY)	-2.18%	12.02%	-1.64%	11.17%	54.26%	51.15%
Cost of Revenue	13.62	14.56	14.52	14.49	12.39	8.13
Gross Profit	10.32	11.35	8.61	9.02	8.77	5.58
Selling, General & Admin	5.4	5.8	5.38	4.62	4.1	2.45
Amortization of Goodwill & Intangibles	0.84	1.28	1.2	1.01	0.82	0.73
Other Operating Expenses	0.05	0.06	0.06	0.07	0.03	0.06
Operating Expenses	6.58	7.46	6.88	5.9	5.07	3.35
Operating Income	3.74	3.89	1.73	3.13	3.69	2.23
Interest Expense	-0.31	-0.46	-0.51	-	-0	-0
Interest & Investment Income	1.17	1.17	0	0	-	-
Currency Exchange Gain (Loss)	-0.04	0.05	-0.07	0.01	0.04	-0
Other Non Operating Income (Expenses)	0.06	0.1	0.11	-0.09	-0.07	-0.04
EBT Excluding Unusual Items	4.61	4.73	1.25	3.06	3.66	2.19
Asset Writedown	-	-	-	-	-0	-0.02
Other Unusual Items	-	-	-0	-	-	-0.04
Pretax Income	4.46	4.73	1.25	3.06	3.66	2.13
Income Tax Expense	0.79	0.89	0.2	0.79	0.91	0.68
Earnings From Continuing Operations	3.66	3.84	1.05	2.27	2.75	1.45
Minority Interest in Earnings	0.06	0.16	0.34	-0.19	-0.41	-0.1
Net Income	3.72	4	1.39	2.08	2.33	1.35
Net Income to Common	3.72	4	1.39	2.08	2.33	1.35
Net Income Growth	58.25%	187.33%	-32.99%	-11.06%	72.52%	313.58%
Shares Outstanding (Basic)	3	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3	3
Shares Change (YoY)	-	-	-11.01%	-0.96%	-0.10%	-
EPS (Basic)	1.36	1.47	0.51	0.68	0.75	0.44
EPS (Diluted)	1.36	1.47	0.51	0.68	0.75	0.44
EPS Growth	58.25%	187.33%	-24.70%	-10.20%	72.69%	-
Free Cash Flow	0.66	1.9	2.2	0.99	3.53	2.57
Free Cash Flow Per Share	0.24	0.70	0.81	0.32	1.14	0.83
Dividend Per Share	0.100	0.100	0.100	0.100	0.100	0.080
Dividend Growth	-	-	-	-	25.00%	-
Gross Margin	43.11%	43.81%	37.21%	38.38%	41.44%	40.72%
Operating Margin	15.61%	15.01%	7.47%	13.31%	17.45%	16.29%
Profit Margin	15.54%	15.43%	6.02%	8.83%	11.04%	9.87%
Free Cash Flow Margin	2.77%	7.35%	9.52%	4.21%	16.67%	18.73%
EBITDA	4.68	5.13	3.14	4.29	4.61	3.05
EBITDA Margin	19.57%	19.80%	13.57%	18.26%	21.79%	22.25%
D&A For EBITDA	0.95	1.24	1.41	1.16	0.92	0.82
EBIT	3.74	3.89	1.73	3.13	3.69	2.23
EBIT Margin	15.61%	15.01%	7.47%	13.31%	17.45%	16.29%
Effective Tax Rate	17.76%	18.84%	16.25%	25.82%	24.91%	31.71%
Revenue as Reported	24.86	26.92	23.35	24.3	21.99	13.54
Advertising Expenses	-	0.88	0.94	0.79	0.73	0.21

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