BUD:DHGROUP Income Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	51,730	48,857	39,707	32,818	30,264	14,462
Other Revenue	157.01	157.01	18.01	-	0.21	-
Revenue	51,887	49,014	39,725	32,818	30,265	14,462
Revenue Growth	26.98%	23.38%	21.05%	8.44%	109.27%	59.48%
Cost of Revenue	40,154	37,808	30,766	26,512	23,447	10,921
Gross Profit	11,733	11,207	8,959	6,306	6,817	3,541
Selling, General & Admin	2,964	2,914	2,990	2,790	2,155	954.93
Other Operating Expenses	697.01	569.51	805.27	690.44	296.01	346.49
Operating Expenses	5,028	4,955	5,159	4,680	3,661	2,039
Operating Income	6,705	6,251	3,800	1,626	3,157	1,502
Interest Expense	-593.43	-674.93	-662.96	-731.82	-689.98	-208.85
Interest & Investment Income	175.24	202.94	324.16	1,123	532.04	23.74
Earnings From Equity Investments	0.19	0.49	2.61	-6.34	214.44	156.68
Currency Exchange Gain (Loss)	211.34	211.34	-238.97	1,033	222.34	118.99
Other Non Operating Income (Expenses)	70.04	23.84	-	0.59	3.87	0.68
EBT Excluding Unusual Items	6,569	6,015	3,225	3,044	3,440	1,593
Impairment of Goodwill	-123.09	-123.09	-	-	-	-
Gain (Loss) on Sale of Assets	125.7	125.7	1.52	98.56	64.74	0.03
Asset Writedown	-	-	-	-	26.12	50.86
Legal Settlements	134.12	134.12	124.06	230.15	178.4	136.75
Other Unusual Items	-60.89	31.11	8.03	10.19	6.38	5.29
Pretax Income	6,645	6,183	3,359	3,383	3,715	1,786
Income Tax Expense	1,786	1,650	1,200	677.53	775.94	311.83
Earnings From Continuing Operations	4,859	4,533	2,159	2,705	2,939	1,474
Earnings From Discontinued Operations	-114.76	-113.66	24.4	-	0.88	-
Net Income to Company	4,744	4,419	2,183	2,705	2,940	1,474
Minority Interest in Earnings	-181.05	-181.05	-86.03	0.97	-229.27	-3.75
Net Income	4,563	4,238	2,097	2,706	2,711	1,470
Preferred Dividends & Other Adjustments	255.43	255.43	124.35	161.56	147	75.3
Net Income to Common	4,307	3,982	1,973	2,545	2,564	1,395
Net Income Growth	102.64%	101.85%	-22.47%	-0.74%	83.77%	9.33%
Shares Outstanding (Basic)	34	34	34	34	33	34
Shares Outstanding (Diluted)	34	34	34	34	34	34
Shares Change	0.06%	0.04%	0.78%	1.25%	-1.20%	-0.20%
EPS (Basic)	125.79	116.68	57.83	75.18	76.63	41.20
EPS (Diluted)	125.79	116.40	57.69	74.99	76.50	41.13
EPS Growth	102.51%	101.77%	-23.07%	-1.97%	86.00%	9.67%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Free Cash Flow	8,162	7,660	3,449	3,483	8,239	550.63
Free Cash Flow Per Share	238.36	223.88	100.83	102.63	245.81	16.23
Dividend Per Share	-	-	21.960	125.210	107.300	32.000
Dividend Growth	-	-	-82.46%	16.69%	235.31%	-18.37%
Gross Margin	22.61%	22.86%	22.55%	19.21%	22.53%	24.48%
Operating Margin	12.92%	12.75%	9.57%	4.95%	10.43%	10.38%
Profit Margin	8.30%	8.13%	4.97%	7.75%	8.47%	9.65%
Free Cash Flow Margin	15.73%	15.63%	8.68%	10.61%	27.22%	3.81%
EBITDA	7,457	7,080	4,640	2,355	3,219	1,689
EBITDA Margin	14.37%	14.45%	11.68%	7.18%	10.64%	11.68%
D&A For EBITDA	751.89	828.99	839.91	729.19	62	187.51
EBIT	6,705	6,251	3,800	1,626	3,157	1,502
EBIT Margin	12.92%	12.75%	9.57%	4.95%	10.43%	10.38%
Effective Tax Rate	26.88%	26.69%	35.72%	20.03%	20.89%	17.46%
Revenue as Reported	49,554	49,554	39,959	33,222	30,669	14,760
Advertising Expenses	-	280.15	304.43	381.71	338.21	113.71