Heartland Financial USA Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	1,707	1,445	1,189	938.54	516.56
Other Revenue	0.88	0.12	-	-	6.91
Revenue	1,707	1,445	1,189	938.54	523.47
Revenue Growth (YoY)	18.15%	21.59%	26.63%	79.29%	-
Cost of Revenue	1,222	1,119	955.58	787.65	433.88
Gross Profit	485.76	326	232.93	150.89	89.59
Selling, General & Admin	8.39	6.96	7.24	2.61	0.27
Other Operating Expenses	73.58	69.58	63.64	36.7	24.77
Operating Expenses	155.62	140.54	130.62	87.31	42.79
Operating Income	330.14	185.46	102.31	63.58	46.8
Interest Expense	-84.32	-69.42	-52.77	-38.65	-17.51
Interest & Investment Income	2.8	1.51	1.77	1.06	0.41
Currency Exchange Gain (Loss)	0.72	0.84	6.74	18.53	1.33
Other Non Operating Income (Expenses)	-5.37	-4.29	-3.65	-	-
EBT Excluding Unusual Items	243.97	114.09	54.4	44.52	31.02
Gain (Loss) on Sale of Assets	2.38	1.16	-	0.36	-0.09
Other Unusual Items	-	-	-28.07	-	-
Pretax Income	246.34	115.26	26.4	50.26	30.94
Income Tax Expense	63.69	29.47	11.54	13.48	8.35
Net Income	182.66	85.79	14.86	36.78	22.59
Net Income to Common	182.66	85.79	14.86	36.78	22.59
Net Income Growth	112.91%	477.51%	-59.61%	62.86%	-
Shares Outstanding (Basic)	18	18	18	18	-
Shares Outstanding (Diluted)	18	18	18	18	-
EPS (Basic)	10.40	4.88	0.85	2.09	-
EPS (Diluted)	10.40	4.88	0.85	2.09	-
EPS Growth	113.10%	477.01%	-59.61%	-	-
Free Cash Flow	-303.88	-11.29	-27.66	-291.78	-136.13
Free Cash Flow Per Share	-17.30	-0.64	-1.57	-16.61	-
Gross Margin	28.45%	22.56%	19.60%	16.08%	17.11%
Operating Margin	19.34%	12.83%	8.61%	6.77%	8.94%
Profit Margin	10.70%	5.94%	1.25%	3.92%	4.32%
Free Cash Flow Margin	-17.80%	-0.78%	-2.33%	-31.09%	-26.01%
EBITDA	403.64	249.33	161.9	111.48	64.46
EBITDA Margin	23.64%	17.25%	13.62%	11.88%	12.31%
D&A For EBITDA	73.51	63.87	59.59	47.9	17.66
EBIT	330.14	185.46	102.31	63.58	46.8
EBIT Margin	19.34%	12.83%	8.61%	6.77%	8.94%
Effective Tax Rate	25.85%	25.57%	43.73%	26.82%	26.99%
Revenue as Reported	1,713	1,452	1,196	967.1	525.27
Advertising Expenses	0.9	2.66	2.3	0.16	0.27

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