BUD:ORMESTER Income Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Revenue	3,417	3,603	3,307	2,605	1,858	1,331
Revenue Growth (YoY)	-4.56%	8.93%	26.97%	40.21%	39.61%	3.07%
Cost of Revenue	2,998	3,204	2,953	2,296	1,569	1,129
Gross Profit	418.99	398.95	354.54	309.17	288.83	201.51
Selling, General & Admin	330.86	302.19	242.86	208.5	197.84	168.95
Other Operating Expenses	2.6	4.85	17.71	6.54	0.48	0.32
Operating Expenses	333.46	307.04	260.57	215.03	198.32	169.26
Operating Income	85.53	91.91	93.98	94.14	90.51	32.25
Interest Expense	-3.92	-3.79	-3.22	-1.3	-0.26	-1.42
Interest & Investment Income	0.1	0.1	-	0.09	0.08	0
Other Non Operating Income (Expenses)	-20	-	-0.05	-0	-0.15	0.83
EBT Excluding Unusual Items	61.71	88.22	90.71	92.93	90.18	31.65
Gain (Loss) on Sale of Assets	0	0	0	0.04	0.19	-
Other Unusual Items	-	-	-	-	2.61	-
Pretax Income	61.71	88.23	90.71	92.97	92.98	31.65
Income Tax Expense	17.72	19.12	18.64	12.64	12.03	8.44
Net Income	43.99	69.1	72.07	80.32	80.95	23.21
Net Income to Common	43.99	69.1	72.07	80.32	80.95	23.21
Net Income Growth	-37.83%	-4.11%	-10.28%	-0.78%	248.75%	-69.49%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change (YoY)	-2.36%	-	-	-	-	-
EPS (Basic)	18.07	28.17	29.38	32.75	33.00	9.46
EPS (Diluted)	17.90	28.00	29.00	32.75	33.00	9.00
EPS Growth	-36.10%	-3.45%	-11.45%	-0.76%	266.67%	-70.97%
Free Cash Flow	-16.71	128.53	195.4	-14.33	121.72	50.37
Free Cash Flow Per Share	-6.86	52.40	79.67	-5.84	49.63	20.54
Gross Margin	12.26%	11.07%	10.72%	11.87%	15.55%	15.14%
Operating Margin	2.50%	2.55%	2.84%	3.61%	4.87%	2.42%
Profit Margin	1.29%	1.92%	2.18%	3.08%	4.36%	1.74%
Free Cash Flow Margin	-0.49%	3.57%	5.91%	-0.55%	6.55%	3.79%
EBITDA	99.18	101.53	127.36	131.96	127.18	41.77
EBITDA Margin	2.90%	2.82%	3.85%	5.07%	6.85%	3.14%
D&A For EBITDA	13.65	9.62	33.38	37.82	36.66	9.53
EBIT	85.53	91.91	93.98	94.14	90.51	32.25
EBIT Margin	2.50%	2.55%	2.84%	3.61%	4.87%	2.42%
Effective Tax Rate	28.71%	21.68%	20.55%	13.60%	12.94%	26.67%
Advertising Expenses	-	0.96	1.61	3.68	3.09	4.09

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