Grifols 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Revenue	7,524	7,212	6,592	6,064	4,933
Revenue Growth (YoY)	4.32%	9.41%	8.71%	22.92%	-7.62%
Cost of Revenue	4,665	4,365	4,042	3,850	2,971
Gross Profit	2,859	2,848	2,550	2,214	1,963
Selling, General & Admin	1,183	1,165	1,205	1,196	1,062
Research & Development	426	362.92	386.52	361.14	354.88
Other Operating Expenses	-1	-	-3.04	-14.68	-16.3
Operating Expenses	1,608	1,528	1,589	1,542	1,400
Operating Income	1,251	1,320	961.07	671.4	562.51
Interest Expense	-625	-602.37	-516.06	-444.54	-233.81
Interest & Investment Income	2	46.48	62.43	33.86	11.55
Earnings From Equity Investments	-8	36.8	62.82	102	65.74
Currency Exchange Gain (Loss)	-55	-59.76	-16.39	7.73	-11.6
Other Non Operating Income (Expenses)	50	-132.38	-104.36	-39.98	-33.64
EBT Excluding Unusual Items	615	608.3	449.51	330.46	360.75
Gain (Loss) on Sale of Assets	-	-	-	7.56	-10.29
Other Unusual Items	-	-164.31	-242.49	-	-
Pretax Income	615	444	207.02	338.01	350.45
Income Tax Expense	115	231.19	43.35	90.11	85.13
Earnings From Continuing Operations	500	212.81	163.67	247.9	265.33
Minority Interest in Earnings	-98	-55.89	-121.35	-62.87	-76.6
Net Income	402	156.92	42.32	185.04	188.73
Net Income to Common	402	156.92	42.32	185.04	188.73
Net Income Growth	156.18%	270.81%	-77.13%	-1.96%	-69.49%
Shares Outstanding (Basic)	-	680	680	680	682
Shares Outstanding (Diluted)	-	680	680	680	682
Shares Change (YoY)	-	0.02%	-0.01%	-0.26%	-0.58%
EPS (Basic)	-	0.23	0.06	0.27	0.28
EPS (Diluted)	-	0.23	0.06	0.27	0.28
EPS Growth	-	283.33%	-77.78%	-2.49%	-69.23%
Free Cash Flow	782	669.63	-5.75	-285.23	349.6
Free Cash Flow Per Share	-	0.98	-0.01	-0.42	0.51
Gross Margin	38.00%	39.48%	38.68%	36.51%	39.78%
Operating Margin	16.63%	18.30%	14.58%	11.07%	11.40%
Profit Margin	5.34%	2.18%	0.64%	3.05%	3.83%
Free Cash Flow Margin	10.39%	9.28%	-0.09%	-4.70%	7.09%
EBITDA	1,701	1,608	1,262	1,082	922.28
EBITDA Margin	22.61%	22.30%	19.14%	17.85%	18.70%
D&A For EBITDA	450	288.74	300.82	410.98	359.77
EBIT	1,251	1,320	961.07	671.4	562.51
EBIT Margin	16.63%	18.30%	14.58%	11.07%	11.40%
Effective Tax Rate	18.70%	52.07%	20.94%	26.66%	24.29%
Advertising Expenses	-	83.9	80.22	91.89	71.28

Source: S&P Global Market Intelligence. Standard template. Financial Sources.