Rai Way Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	286.37	282.77	276.09	271.94	245.45	229.94
Other Revenue	-0.08	1.52	0.06	0.01	0.04	0.46
Revenue	286.29	284.29	276.15	271.95	245.49	230.4
Revenue Growth	2.64%	2.95%	1.54%	10.78%	6.55%	2.63%
Cost of Revenue	89.13	86.33	81.69	87.43	85.81	76.44
Gross Profit	197.16	197.96	194.46	184.52	159.67	153.95
Selling, General & Admin	8.19	8.19	8.34	9.34	8.44	8.33
Amortization of Goodwill & Intangibles	55.72	55.72	50.35	46.78	-	50.3
Other Operating Expenses	4.18	4.18	5.66	2.99	0.71	3.93
Operating Expenses	72.08	68.08	64.35	59.11	56.05	62.56
Operating Income	125.08	129.88	130.1	125.41	103.62	91.39
Interest Expense	-5.64	-5.54	-6.71	-5.11	-1.59	-1.06
Interest & Investment Income	0.38	0.38	0.74	1.41	0	-
Currency Exchange Gain (Loss)	0	0	-0.04	-0.06	-0.05	-0.03
Other Non Operating Income (Expenses)	0.07	-0.33	1.27	-0.18	-0.22	-0.05
EBT Excluding Unusual Items	119.88	124.38	125.36	121.48	101.77	90.24
Merger & Restructuring Charges	-	-	-	-	-	-0.36
Pretax Income	119.88	124.38	125.36	121.48	101.77	89.89
Income Tax Expense	34.45	35.75	35.45	34.76	28.08	24.5
Net Income	85.43	88.63	89.91	86.72	73.69	65.38
Net Income to Common	85.43	88.63	89.91	86.72	73.69	65.38
Net Income Growth	-5.06%	-1.43%	3.68%	17.68%	12.70%	2.15%
Shares Outstanding (Basic)	-	269	269	268	268	268
Shares Outstanding (Diluted)	-	269	269	268	268	268
Shares Change	-	-	0.05%	-	-	-
EPS (Basic)	-	0.33	0.33	0.32	0.27	0.24
EPS (Diluted)	-	0.33	0.33	0.32	0.27	0.24
EPS Growth	-	0%	2.12%	17.68%	12.70%	2.15%
Free Cash Flow	126.33	110.43	90.35	99.58	68.12	37.98
Free Cash Flow Per Share	-	0.41	0.34	0.37	0.25	0.14
Dividend Per Share	-	0.330	0.334	0.322	0.275	0.244
Dividend Growth	-	-1.20%	3.66%	17.38%	12.68%	2.14%
Gross Margin	68.87%	69.63%	70.42%	67.85%	65.04%	66.82%
Operating Margin	43.69%	45.68%	47.11%	46.12%	42.21%	39.67%
Profit Margin	29.84%	31.18%	32.56%	31.89%	30.02%	28.38%
Free Cash Flow Margin	44.13%	38.84%	32.72%	36.61%	27.75%	16.48%
EBITDA	165.7	166.5	163.34	156.23	135.54	127.66
EBITDA Margin	57.88%	58.57%	59.15%	57.45%	55.21%	55.41%
D&A For EBITDA	40.62	36.62	33.24	30.81	31.92	36.27
EBIT	125.08	129.88	130.1	125.41	103.62	91.39
EBIT Margin	43.69%	45.68%	47.11%	46.12%	42.21%	39.67%
Effective Tax Rate	28.73%	28.74%	28.28%	28.61%	27.59%	27.26%