BST:T2K1 Income Statement

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

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	1,313,363	1,219,766	986,053	1,115,696	173,320	84,333	Upgrade
Revenue Growth (YoY)	7.47%	23.70%	-11.62%	543.72%	105.52%	-15.49%	Upgrade
Operations & Maintenance	54,503	54,503	44,149	43,836	-	2,826	Upgrade
Selling, General & Admin	67,779	57,028	55,604	46,579	5,300	2,915	Upgrade
Other Operating Expenses	651,102	586,865	632,791	669,807	101,802	42,946	Upgrade
Total Operating Expenses	773,384	698,396	732,543	760,221	107,101	48,686	Upgrade
Operating Income	539,980	521,371	253,510	355,475	66,219	35,647	Upgrade
Interest Expense	-123,995	-55,710	-53,630	-46,103	-8,703	-5,069	Upgrade
Interest Income	23,245	23,245	52,676	12,440	1,543	825.05	Upgrade
Net Interest Expense	-100,750	-32,465	-953.81	-33,663	-7,160	-4,244	Upgrade
Income (Loss) on Equity Investments	1,175	243.8	-66.2	611.26	41.35	32.17	Upgrade
Currency Exchange Gain (Loss)	-58,819	-58,819	-454,820	-163,862	-12,396	-14,894	Upgrade
Other Non-Operating Income (Expenses)	-66,775	-66,774	-129,116	19,463	19,992	-878.46	Upgrade
EBT Excluding Unusual Items	314,810	363,556	-331,447	178,025	66,696	15,663	Upgrade
Gain (Loss) on Sale of Investments	179,618	179,618	426,400	163,619	-	-	Upgrade
Asset Writedown	37,776	37,776	-	-	-	-4,700	Upgrade
Insurance Settlements	1,153	1,153	48.06	196.66	730.85	357.7	Upgrade
Legal Settlements	-	-	-	-	-1,036	-314.54	Upgrade
Other Unusual Items	-	-	-	-6,986	-806.84	602.79	Upgrade
Pretax Income	533,357	582,103	95,001	334,855	65,583	11,608	Upgrade
Income Tax Expense	181,322	211,939	43,788	115,697	24,811	6,648	Upgrade
Earnings From Continuing Ops.	352,034	370,163	51,214	219,158	40,772	4,960	Upgrade
Minority Interest in Earnings	0.21	0.21	-1.25	-0.08	-0.01	-0.01	Upgrade
Net Income	352,035	370,164	51,212	219,157	40,772	4,960	Upgrade
Net Income to Common	352,035	370,164	51,212	219,157	40,772	4,960	Upgrade
Net Income Growth	59.17%	622.80%	-76.63%	437.52%	721.98%	-81.15%	Upgrade
Shares Outstanding (Basic)	753	753	753	753	753	762	Upgrade
Shares Outstanding (Diluted)	753	753	753	753	753	762	Upgrade
Shares Change (YoY)	-	-	-	-	-1.26%	-3.30%	Upgrade
EPS (Basic)	467.66	491.74	68.03	291.14	54.16	6.51	Upgrade
EPS (Diluted)	467.66	491.74	68.03	291.14	54.16	6.51	Upgrade
EPS Growth	59.17%	622.80%	-76.63%	437.52%	732.48%	-80.51%	Upgrade
Free Cash Flow	258,014	194,356	118,656	68,536	40,229	31,312	Upgrade
Free Cash Flow Per Share	342.76	258.19	157.63	91.05	53.44	41.07	Upgrade
Dividend Per Share	-	265.689	-	-	-	-	Upgrade
Profit Margin	26.80%	30.35%	5.19%	19.64%	23.52%	5.88%	Upgrade
Free Cash Flow Margin	19.65%	15.93%	12.03%	6.14%	23.21%	37.13%	Upgrade
EBITDA	684,647	643,374	377,872	481,331	83,926	44,426	Upgrade
EBITDA Margin	52.13%	52.75%	38.32%	43.14%	48.42%	52.68%	Upgrade
D&A For EBITDA	144,667	122,003	124,363	125,856	17,708	8,780	Upgrade
EBIT	539,980	521,371	253,510	355,475	66,219	35,647	Upgrade
EBIT Margin	41.11%	42.74%	25.71%	31.86%	38.21%	42.27%	Upgrade
Effective Tax Rate	34.00%	36.41%	46.09%	34.55%	37.83%	57.27%	Upgrade

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