Cellnex Telecom 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
Property Revenue	4,120	4,070	3,804	3,248	2,438
Service and Other Revenue	298.09	283	245.15	247.47	94.4
Revenue	4,418	4,353	4,049	3,495	2,533
Revenue Growth (YoY)	1.50%	7.51%	15.85%	38.00%	57.83%
Gross Profit	4,418	4,353	4,049	3,495	2,533
Selling, General & Admin	-357.98	-296.45	-333.98	-270.38	-300.36
Depreciation & Amortization Expenses	2,673	2,608	2,619	2,321	1,676
Other Operating Expenses	-936.07	-1,374	-788.53	-673.79	-487.94
Operating Income	476.05	196.82	374.07	230.32	68.18
Net Gains on Disposal of Properties	24.64	122.06	66.58	-	-
Interest Income	68.62	69.82	76.45	22.52	4.42
Interest Expense	-993.84	-964.48	-884.29	-751.48	-609.68
Other Non-Operating Income (Expense)	-927.83	-897.75	-810.48	-733.2	-608.49
Total Non-Operating Income (Expense)	-1,828	-1,670	-1,552	-1,462	-1,214
Pretax Income	-451.78	-700.93	-436.41	-502.88	-540.31
Provision for Income Taxes	-99.11	-657.78	-120.59	-189.95	-154.12
Net Income	-360.78	-28.04	-297.22	-297.06	-362.54
Minority Interest in Earnings	8.1	-15.11	-18.6	-15.88	-23.65
Net Income to Common	-360.78	-28.04	-297.22	-297.06	-362.54
Shares Outstanding (Basic)	687	706	669	673	611
Shares Outstanding (Diluted)	687	706	669	673	611
Shares Change (YoY)	-2.69%	5.51%	-0.60%	10.19%	58.50%
EPS (Basic)	-0.53	-0.04	-0.44	-0.44	-0.59
EPS (Diluted)	-0.35	0.10	-0.29	-0.29	-0.43
Shares Outstanding	673.84	705.57	705.52	705.36	678.13
Free Cash Flow	525.82	276.24	-126	-739.37	-380.26
Free Cash Flow Growth	90.35%	-	-	-	-
Free Cash Flow Per Share	0.77	0.39	-0.19	-1.10	-0.62
Dividends Per Share	-	0.063	0.057	0.052	0.048
Dividend Growth	-	9.79%	9.95%	9.00%	-10.57%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	10.77%	4.52%	9.24%	6.59%	2.69%
Profit Margin	-7.98%	-0.99%	-7.80%	-8.95%	-15.25%
FCF Margin	11.90%	6.35%	-3.11%	-21.15%	-15.01%
EBITDA	3,149	2,805	2,993	2,551	1,745
EBITDA Margin	71.27%	64.44%	73.92%	72.99%	68.88%
EBIT	476.05	196.82	374.07	230.32	68.18
EBIT Margin	10.77%	4.52%	9.24%	6.59%	2.69%
Effective Tax Rate	21.94%	93.84%	27.63%	37.77%	28.53%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.