Tubos Reunidos 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	365.72	323.96	532.86	513.65	242.99
Other Revenue	0.46	0.31	1.87	1.95	1.96
Revenue	366.18	324.27	534.72	515.61	244.96
Revenue Growth (YoY)	12.92%	-39.36%	3.71%	110.49%	1.08%
Cost of Revenue	160.87	116.71	176.22	183.33	105.01
Gross Profit	205.31	207.56	358.51	332.28	139.95
Selling, General & Admin	108.52	98.51	111.44	101.88	102.89
Other Operating Expenses	119.56	100.29	140.31	165.86	88.51
Operating Expenses	247	217.12	268.73	283.57	204.46
Operating Income	-41.69	-9.55	89.78	48.71	-64.51
Interest Expense	-23.1	-27.19	-28.04	-21.51	-21.8
Interest & Investment Income	0.18	67.76	0.41	0	0
Currency Exchange Gain (Loss)	-5.37	2.31	-3.28	1.77	2.74
Other Non Operating Income (Expenses)	0.23	-0.34	-5.66	3.73	-58.58
EBT Excluding Unusual Items	-69.73	32.99	53.21	32.7	-142.15
Gain (Loss) on Sale of Assets	-	4.73	-	-0.02	-0.02
Asset Writedown	-40.82	0.18	-5.46	5.27	77.38
Pretax Income	-110.55	37.9	47.75	37.95	-64.79
Income Tax Expense	8.29	10.15	-8.8	-5.51	-0.06
Earnings From Continuing Operations	-118.84	27.75	56.55	43.46	-64.73
Net Income to Company	-118.84	27.75	56.55	43.46	-64.73
Minority Interest in Earnings	0.79	0.88	-0.23	0.04	0.05
Net Income	-118.05	28.63	56.31	43.5	-64.68
Net Income to Common	-118.05	28.63	56.31	43.5	-64.68
Net Income Growth	-	-49.16%	29.46%	-	-
Shares Outstanding (Basic)	174	174	174	174	174
Shares Outstanding (Diluted)	174	174	174	174	174
Shares Change (YoY)	-	-0.01%	0.04%	0.00%	0.15%
EPS (Basic)	-0.68	0.16	0.32	0.25	-0.37
EPS (Diluted)	-0.68	0.16	0.32	0.25	-0.37
EPS Growth	-	-49.23%	29.22%	-	-
Free Cash Flow	-5.99	-13.9	39.74	29.33	-43.72
Free Cash Flow Per Share	-0.03	-0.08	0.23	0.17	-0.25
Gross Margin	56.07%	64.01%	67.05%	64.44%	57.13%
Operating Margin	-11.38%	-2.95%	16.79%	9.45%	-26.33%
Profit Margin	-32.24%	8.83%	10.53%	8.44%	-26.40%
Free Cash Flow Margin	-1.64%	-4.29%	7.43%	5.69%	-17.85%
EBITDA	-24.63	7.34	105.6	63.21	-53.3
EBITDA Margin	-6.73%	2.26%	19.75%	12.26%	-21.76%
D&A For EBITDA	17.06	16.89	15.82	14.5	11.21
EBIT	-41.69	-9.55	89.78	48.71	-64.51
EBIT Margin	-11.38%	-2.95%	16.79%	9.45%	-26.33%
Effective Tax Rate	-	26.77%	-	-	-

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