Rai Way S.p.A. (BIT:RWAY)

Rai Way Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	280.79	276.09	271.94	245.45	229.94	224.46
Other Revenue	0.36	0.06	0.01	0.04	0.46	0.03
Revenue	281.15	276.15	271.95	245.49	230.4	224.49
Revenue Growth (YoY)	2.51%	1.54%	10.78%	6.55%	2.63%	1.36%
Cost of Revenue	84.39	81.69	87.43	85.81	76.44	77.96
Gross Profit	196.76	194.46	184.52	159.67	153.95	146.53
Selling, General & Admin	8.34	8.34	9.34	8.44	8.33	8.2
Amortization of Goodwill & Intangibles	-	-	-	-	50.3	45.32
Other Operating Expenses	5.76	5.66	2.99	0.71	3.93	3.16
Operating Expenses	67.25	64.35	59.11	56.05	62.56	56.72
Operating Income	129.5	130.1	125.41	103.62	91.39	89.81
Interest Expense	-6.01	-6.71	-5.11	-1.59	-1.06	-0.82
Interest & Investment Income	0.74	0.74	1.41	0	-	-
Currency Exchange Gain (Loss)	-0.04	-0.04	-0.06	-0.05	-0.03	-0.01
Other Non Operating Income (Expenses)	1.47	1.27	-0.18	-0.22	-0.05	0.3
EBT Excluding Unusual Items	125.66	125.36	121.48	101.77	90.24	89.28
Merger & Restructuring Charges	-	-	-	-	-0.36	-0.98
Pretax Income	125.66	125.36	121.48	101.77	89.89	88.3
Income Tax Expense	35.65	35.45	34.76	28.08	24.5	24.29
Net Income	90.01	89.91	86.72	73.69	65.38	64.01
Net Income to Common	90.01	89.91	86.72	73.69	65.38	64.01
Net Income Growth	2.93%	3.68%	17.68%	12.70%	2.15%	1.02%
Shares Outstanding (Basic)	-	269	268	268	268	268
Shares Outstanding (Diluted)	-	269	268	268	268	268
Shares Change (YoY)	-	0.05%	-	-	-	-1.33%
EPS (Basic)	-	0.33	0.32	0.27	0.24	0.24
EPS (Diluted)	-	0.33	0.32	0.27	0.24	0.24
EPS Growth	-	3.63%	17.68%	12.70%	2.15%	2.39%
Free Cash Flow	100.05	90.35	99.58	68.12	37.98	60.25
Free Cash Flow Per Share	-	0.34	0.37	0.25	0.14	0.23
Dividend Per Share	0.334	0.334	0.322	0.275	0.244	0.238
Dividend Growth	3.66%	3.66%	17.38%	12.68%	2.14%	2.40%
Gross Margin	69.98%	70.42%	67.85%	65.04%	66.82%	65.27%
Operating Margin	46.06%	47.11%	46.12%	42.21%	39.67%	40.01%
Profit Margin	32.02%	32.56%	31.89%	30.02%	28.38%	28.51%
Free Cash Flow Margin	35.59%	32.72%	36.61%	27.75%	16.48%	26.84%
EBITDA	165.54	163.34	156.23	135.54	127.66	122.26
EBITDA Margin	58.88%	59.15%	57.45%	55.21%	55.41%	54.46%
D&A For EBITDA	36.04	33.24	30.81	31.92	36.27	32.45
EBIT	129.5	130.1	125.41	103.62	91.39	89.81
EBIT Margin	46.06%	47.11%	46.12%	42.21%	39.67%	40.01%
Effective Tax Rate	28.37%	28.28%	28.61%	27.59%	27.26%	27.51%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.