Porto Aviation Group S.p.A. (BIT:PAG)

Porto Aviation Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	2.91	3.01	2.43	1.69
Other Revenue	0.17	0.2	0.14	0.08
Revenue	3.07	3.2	2.57	1.77
Revenue Growth (YoY)	11.04%	24.75%	44.91%	-
Cost of Revenue	2.47	2.17	1.83	0.9
Gross Profit	0.6	1.03	0.74	0.87
Selling, General & Admin	1.04	0.84	0.69	0.56
Other Operating Expenses	0.11	-0.4	0.01	0.13
Operating Expenses	1.43	0.71	1.38	0.91
Operating Income	-0.84	0.32	-0.64	-0.05
Interest Expense	-0.01	-0.01	-0	-0
Interest & Investment Income	0.02	0	-	-
Currency Exchange Gain (Loss)	-0	0	-0	-
Other Non Operating Income (Expenses)	0.02	0	0	-0.01
Pretax Income	-0.8	0.32	-0.65	-0.06
Income Tax Expense	0.03	0.12	-0.2	0.01
Net Income	-0.83	0.2	-0.45	-0.06
Net Income to Common	-0.83	0.2	-0.45	-0.06
Free Cash Flow	-1.05	-0.44	-0.18	-0.19
Gross Margin	19.44%	32.16%	28.81%	48.96%
Operating Margin	-27.23%	10.01%	-24.83%	-2.55%
Profit Margin	-27.17%	6.19%	-17.35%	-3.66%
Free Cash Flow Margin	-34.21%	-13.89%	-7.04%	-10.81%
EBITDA	-0.81	0.37	-0.43	0.18
EBITDA Margin	-26.41%	11.63%	-16.92%	9.96%
D&A For EBITDA	0.03	0.05	0.2	0.22
EBIT	-0.84	0.32	-0.64	-0.05
EBIT Margin	-27.23%	10.01%	-24.83%	-2.55%
Effective Tax Rate	-	37.60%	-	-
Revenue as Reported	3.75	3.83	2.4	1.85

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