Mare Engineering Group Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	44.65	27.41	25.29	18.37	16.75
Other Revenue	-	0.36	2.27	0.15	-
Revenue	44.65	27.77	27.56	18.52	16.75
Revenue Growth (YoY)	60.77%	0.77%	48.81%	10.55%	-
Cost of Revenue	13.44	19.23	18.71	12.59	9.9
Gross Profit	31.2	8.54	8.85	5.92	6.85
Selling, General & Admin	15.88	1.45	1.47	0.85	0.47
Other Operating Expenses	4.15	-2.87	-1.96	-1.76	-0.37
Operating Expenses	26.62	3.76	5.06	2.72	3.62
Operating Income	4.58	4.78	3.8	3.2	3.23
Interest Expense	-1.16	-1.23	-0.41	-0.2	-0.25
Currency Exchange Gain (Loss)	-	0	-0	-	-0
Other Non Operating Income (Expenses)	-0	0.13	0.02	0	0
EBT Excluding Unusual Items	3.42	3.68	3.41	3	2.98
Gain (Loss) on Sale of Investments	-0	-0.02	-0.01	-0.43	-
Pretax Income	3.42	3.66	3.4	2.57	2.98
Income Tax Expense	1.6	1.28	-0.34	0.07	0.92
Earnings From Continuing Operations	1.82	2.38	3.75	2.5	2.06
Minority Interest in Earnings	-	-0.01	-0	-0.39	-0.33
Net Income	1.82	2.37	3.74	2.11	1.73
Net Income to Common	1.82	2.37	3.74	2.11	1.73
Net Income Growth	-23.24%	-36.57%	77.47%	21.81%	-
Shares Outstanding (Basic)	-	2	2	2	-
Shares Outstanding (Diluted)	-	2	2	2	-
Shares Change (YoY)	-	-	12.20%	-	-
EPS (Basic)	-	1.11	1.75	1.10	-
EPS (Diluted)	-	1.11	1.75	1.10	-
EPS Growth	-	-36.57%	58.17%	-	-
Free Cash Flow	3.4	0.62	-3.85	4.84	3.29
Free Cash Flow Per Share	-	0.29	-1.80	2.54	-
Dividend Per Share	0.020	0.010	-	-	-
Dividend Growth	100.00%	-	-	-	-
Gross Margin	69.89%	30.75%	32.12%	31.99%	40.90%
Operating Margin	10.27%	17.22%	13.77%	17.29%	19.28%
Profit Margin	4.08%	8.55%	13.58%	11.39%	10.33%
Free Cash Flow Margin	7.60%	2.23%	-13.98%	26.12%	19.66%
EBITDA	10.43	8.56	8.25	6.64	6.73
EBITDA Margin	23.37%	30.80%	29.92%	35.83%	40.17%
D&A For EBITDA	5.85	3.77	4.45	3.43	3.5
EBIT	4.58	4.78	3.8	3.2	3.23
EBIT Margin	10.27%	17.22%	13.77%	17.29%	19.28%
Effective Tax Rate	46.69%	34.88%	-	2.58%	31.00%
Revenue as Reported	-	39.41	35.27	24.14	17.49

Source: S&P Global Market Intelligence. Standard template. Financial Sources.