H-FARM Income Statement

Financials in millions EUR. Fiscal year is September - August.

Millions EUR. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	37.87	36.31	33.55	63.47	61.13
Other Revenue	0.67	0.76	0.84	0.75	0.98
Revenue	38.54	37.07	34.39	64.22	62.11
Revenue Growth (YoY)	3.97%	7.81%	-46.45%	3.40%	20.81%
Cost of Revenue	19.44	18.26	17.53	36.97	29.85
Gross Profit	19.1	18.81	16.86	27.25	32.25
Selling, General & Admin	24.02	22.26	22.36	36.03	36.68
Amortization of Goodwill & Intangibles	2.68	2.86	3.16	4.24	5.05
Other Operating Expenses	-0.83	0.33	0.23	-0.28	0.3
Operating Expenses	26.87	26.28	26.66	40.54	42.77
Operating Income	-7.77	-7.47	-9.8	-13.28	-10.51
Interest Expense	-0.48	-0.6	-0.58	-	-1.45
Interest & Investment Income	0.04	0.02	0.33	1.85	-
Earnings From Equity Investments	43.04	-	2.9	45.19	-
Currency Exchange Gain (Loss)	-0.01	-0.01	-0.06	0.11	0.04
Other Non Operating Income (Expenses)	0.13	0.33	-0.37	-2.62	6.76
EBT Excluding Unusual Items	34.95	-7.74	-7.59	31.25	-5.16
Gain (Loss) on Sale of Investments	-0.41	-0.14	-1.25	-3.21	-0.28
Asset Writedown	-	-	-	-0.04	-
Pretax Income	34.54	-7.89	-8.84	27.99	-5.44
Income Tax Expense	0.17	0.06	0.05	1.38	0.21
Earnings From Continuing Operations	34.37	-7.95	-8.89	26.61	-5.65
Minority Interest in Earnings	0.01	0	-0	-0	-0
Net Income	34.38	-7.95	-8.89	26.61	-5.65
Net Income to Common	34.38	-7.95	-8.89	26.61	-5.65
Shares Outstanding (Basic)	200	-	129	-	129
Shares Outstanding (Diluted)	200	-	129	-	129
EPS (Basic)	0.17	-	-0.07	-	-0.04
EPS (Diluted)	0.17	-	-0.07	-	-0.04
Free Cash Flow	-9.49	-6.31	11.82	0.45	-1.69
Free Cash Flow Per Share	-0.05	-	0.09	-	-0.01
Gross Margin	49.55%	50.74%	49.03%	42.43%	51.93%
Operating Margin	-20.15%	-20.15%	-28.50%	-20.69%	-16.93%
Profit Margin	89.19%	-21.43%	-25.86%	41.43%	-9.10%
Free Cash Flow Margin	-24.63%	-17.02%	34.38%	0.70%	-2.72%
EBITDA	-5.45	-3.92	-7.46	-8.56	-5.01
EBITDA Margin	-14.14%	-10.57%	-21.69%	-13.33%	-8.07%
D&A For EBITDA	2.32	3.55	2.34	4.72	5.5
EBIT	-7.77	-7.47	-9.8	-13.28	-10.51
EBIT Margin	-20.15%	-20.15%	-28.50%	-20.69%	-16.93%
Effective Tax Rate	0.50%	-	-	4.93%	-
Revenue as Reported	40.91	39.4	36.4	68.09	64.22

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