Racing Force S.P.A. Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	73.11	65.66	62.66	58.87	46.67
Revenue Growth (YoY)	11.35%	4.79%	6.43%	26.14%	38.36%
Cost of Revenue	27.35	26.08	24.49	22.49	19.86
Gross Profit	45.76	39.57	38.17	36.38	26.81
Selling, General & Admin	35.73	30.83	29.2	25.81	20.11
Other Operating Expenses	-1.83	-1.47	-0.64	-1.08	-1.15
Operating Expenses	38.37	33	31.9	27.57	21.34
Operating Income	7.39	6.58	6.27	8.81	5.47
Interest Expense	-0.5	-0.52	-0.39	-0.48	-0.58
Interest & Investment Income	0.08	0.25	0.2	0.04	0.03
Earnings From Equity Investments	-	-	-	0.05	-0.01
Currency Exchange Gain (Loss)	-0.49	0.32	-0.31	0.3	0.38
Other Non Operating Income (Expenses)	-0.01	-0.01	0	-0.01	-0.09
EBT Excluding Unusual Items	6.47	6.62	5.77	8.71	5.19
Asset Writedown	-	-0.1	-	-	-
Other Unusual Items	-	-	-	-	0.04
Pretax Income	6.47	6.52	5.77	8.71	5.24
Income Tax Expense	1.04	0.72	0.98	1.16	1.07
Earnings From Continuing Operations	5.43	5.8	4.79	7.55	4.17
Minority Interest in Earnings	0	-	-	-	-
Net Income	5.43	5.8	4.79	7.55	4.17
Net Income to Common	5.43	5.8	4.79	7.55	4.17
Net Income Growth	-6.36%	20.98%	-36.50%	81.13%	207.51%
Shares Outstanding (Basic)	27	27	26	-	-
Shares Outstanding (Diluted)	27	27	26	-	-
Shares Change (YoY)	-0.21%	6.34%	-	-	-
EPS (Basic)	0.20	0.21	0.19	-	-
EPS (Diluted)	0.20	0.21	0.19	-	-
EPS Growth	-6.17%	13.77%	-	-	-
Free Cash Flow	0.05	1.05	-3.06	0.78	3.58
Free Cash Flow Per Share	0.00	0.04	-0.12	-	-
Dividend Per Share	-	0.090	0.090	0.090	0.070
Dividend Growth	-	-	-	28.57%	-
Gross Margin	62.59%	60.27%	60.91%	61.80%	57.44%
Operating Margin	10.10%	10.02%	10.00%	14.96%	11.71%
Profit Margin	7.43%	8.83%	7.65%	12.82%	8.93%
Free Cash Flow Margin	0.07%	1.60%	-4.88%	1.32%	7.67%
EBITDA	9.92	8.48	8.54	10.91	7.72
EBITDA Margin	13.58%	12.91%	13.63%	18.53%	16.54%
D&A For EBITDA	2.54	1.9	2.27	2.1	2.25
EBIT	7.39	6.58	6.27	8.81	5.47
EBIT Margin	10.10%	10.02%	10.00%	14.96%	11.71%
Effective Tax Rate	16.13%	11.06%	16.92%	13.36%	20.39%

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