Rai Way 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
Operating Revenue	282.8	276.09	271.94	245.45	229.94
Other Revenue	2.3	0.06	0.01	0.04	0.46
Revenue	285.1	276.15	271.95	245.49	230.4
Revenue Growth (YoY)	3.24%	1.54%	10.78%	6.55%	2.63%
Cost of Revenue	94.4	81.69	87.43	85.81	76.44
Gross Profit	190.7	194.46	184.52	159.67	153.95
Selling, General & Admin	-	8.34	9.34	8.44	8.33
Amortization of Goodwill & Intangibles	-	-	-	-	50.3
Other Operating Expenses	4.3	5.66	2.99	0.71	3.93
Operating Expenses	60.7	64.35	59.11	56.05	62.56
Operating Income	130	130.1	125.41	103.62	91.39
Interest Expense	-5.8	-6.71	-5.11	-1.59	-1.06
Interest & Investment Income	-	0.74	1.41	0	-
Currency Exchange Gain (Loss)	-	-0.04	-0.06	-0.05	-0.03
Other Non Operating Income (Expenses)	0.1	1.27	-0.18	-0.22	-0.05
EBT Excluding Unusual Items	124.3	125.36	121.48	101.77	90.24
Merger & Restructuring Charges	-	-	-	-	-0.36
Pretax Income	124.3	125.36	121.48	101.77	89.89
Income Tax Expense	35.7	35.45	34.76	28.08	24.5
Net Income	88.6	89.91	86.72	73.69	65.38
Net Income to Common	88.6	89.91	86.72	73.69	65.38
Net Income Growth	-1.46%	3.68%	17.68%	12.70%	2.15%
Shares Outstanding (Basic)	-	269	268	268	268
Shares Outstanding (Diluted)	-	269	268	268	268
Shares Change (YoY)	-	0.05%	-	-	-
EPS (Basic)	-	0.33	0.32	0.27	0.24
EPS (Diluted)	-	0.33	0.32	0.27	0.24
EPS Growth	-	3.63%	17.68%	12.70%	2.15%
Free Cash Flow	110.5	90.35	99.58	68.12	37.98
Free Cash Flow Per Share	-	0.34	0.37	0.25	0.14
Dividend Per Share	-	0.334	0.322	0.275	0.244
Dividend Growth	-	3.66%	17.38%	12.68%	2.14%
Gross Margin	66.89%	70.42%	67.85%	65.04%	66.82%
Operating Margin	45.60%	47.11%	46.12%	42.21%	39.67%
Profit Margin	31.08%	32.56%	31.89%	30.02%	28.38%
Free Cash Flow Margin	38.76%	32.72%	36.61%	27.75%	16.48%
EBITDA	186.4	163.34	156.23	135.54	127.66
EBITDA Margin	65.38%	59.15%	57.45%	55.21%	55.41%
D&A For EBITDA	56.4	33.24	30.81	31.92	36.27
EBIT	130	130.1	125.41	103.62	91.39
EBIT Margin	45.60%	47.11%	46.12%	42.21%	39.67%
Effective Tax Rate	28.72%	28.28%	28.61%	27.59%	27.26%

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