Novamarine S.p.A. (BIT:NOVA)

Novamarine Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating Revenue	26.81	25.26	21.93
Other Revenue	2.75	0.07	0.09
Revenue	29.57	25.33	22.02
Revenue Growth (YoY)	16.72%	15.02%	-
Cost of Revenue	20.5	17.64	17.44
Gross Profit	9.06	7.69	4.58
Selling, General & Admin	3.24	2.81	2.54
Other Operating Expenses	0.17	0.96	0.09
Operating Expenses	5.29	5.1	3.77
Operating Income	3.78	2.59	0.81
Interest Expense	-0.34	-0.38	-0.21
Interest & Investment Income	-	0.01	0
Currency Exchange Gain (Loss)	-0	0	-0
Other Non Operating Income (Expenses)	-0	-0.18	-0.03
EBT Excluding Unusual Items	3.44	2.04	0.57
Gain (Loss) on Sale of Investments	-	-0	-
Asset Writedown	-	-0.2	-
Other Unusual Items	-	0.05	0.27
Pretax Income	3.44	1.94	0.84
Income Tax Expense	1.02	0.47	0.14
Net Income	2.42	1.47	0.7
Net Income to Common	2.42	1.47	0.7
Net Income Growth	65.00%	110.85%	-
Free Cash Flow	-	-0.8	1.78
Gross Margin	30.65%	30.35%	20.81%
Operating Margin	12.77%	10.21%	3.69%
Profit Margin	8.19%	5.79%	3.16%
Free Cash Flow Margin	-	-3.14%	8.09%
EBITDA	5.06	3.87	1.9
EBITDA Margin	17.11%	15.28%	8.62%
D&A For EBITDA	1.28	1.28	1.09
EBIT	3.78	2.59	0.81
EBIT Margin	12.77%	10.21%	3.69%
Effective Tax Rate	29.55%	24.22%	16.91%
Revenue as Reported	29.1	27.19	24.06

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