Bulmetal JSC Income Statement

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

Millions BGN. 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	102.65	103.23	108.15	105	83.26
Other Revenue	-	3.68	2.52	2.34	0.05
Revenue	102.65	106.91	110.67	107.34	83.31
Revenue Growth (YoY)	-3.98%	-3.40%	3.10%	28.84%	14.07%
Cost of Revenue	63.69	68	78.99	70.55	50.31
Gross Profit	38.96	38.91	31.68	36.79	33
Selling, General & Admin	23.61	21.6	18.84	17.34	26.09
Other Operating Expenses	-2.18	0.81	-1.46	-0.84	-4.17
Operating Expenses	26.05	28.23	24.32	23.96	27.66
Operating Income	12.91	10.68	7.36	12.82	5.34
Interest Expense	-1.98	-2.41	-1.77	-0.62	-0.82
Interest & Investment Income	0.04	0.04	0.01	0.01	0.02
Currency Exchange Gain (Loss)	-0.04	-0.06	-0.55	-0.37	-0.03
Other Non Operating Income (Expenses)	-	0.76	0.95	0.06	0.16
EBT Excluding Unusual Items	10.93	9.02	6.01	11.91	4.68
Gain (Loss) on Sale of Assets	-5.62	-3.2	-1.64	-1.97	-3.04
Pretax Income	5.31	5.82	4.37	9.94	1.64
Income Tax Expense	-	1.73	0.97	1.27	0.19
Earnings From Continuing Operations	5.31	4.09	3.4	8.66	1.45
Minority Interest in Earnings	-0.11	-0.07	-0.09	-0.01	-0.34
Net Income	5.2	4.02	3.32	8.65	1.11
Net Income to Common	5.2	4.02	3.32	8.65	1.11
Net Income Growth	29.29%	21.33%	-61.68%	680.69%	137.26%
Shares Outstanding (Basic)	7	7	6	6	-
Shares Outstanding (Diluted)	7	7	6	6	-
Shares Change (YoY)	1.40%	12.81%	0.44%	-	-
EPS (Basic)	0.73	0.57	0.53	1.39	-
EPS (Diluted)	0.73	0.57	0.53	1.39	-
EPS Growth	27.50%	7.55%	-61.84%	-	-
Free Cash Flow	1.91	-1.48	-4.79	-0.72	-3.28
Free Cash Flow Per Share	0.27	-0.21	-0.77	-0.12	-
Dividend Per Share	-	0.105	0.070	-	-
Dividend Growth	-	50.00%	-	-	-
Gross Margin	37.96%	36.39%	28.63%	34.27%	39.61%
Operating Margin	12.58%	9.99%	6.65%	11.95%	6.41%
Profit Margin	5.07%	3.76%	3.00%	8.06%	1.33%
Free Cash Flow Margin	1.86%	-1.39%	-4.33%	-0.67%	-3.94%
EBITDA	17.53	16.37	13.85	20.28	11.08
EBITDA Margin	17.08%	15.31%	12.52%	18.90%	13.29%
D&A For EBITDA	4.62	5.69	6.49	7.46	5.73
EBIT	12.91	10.68	7.36	12.82	5.34
EBIT Margin	12.58%	9.99%	6.65%	11.95%	6.41%
Effective Tax Rate	-	29.72%	22.15%	12.80%	11.52%
Revenue as Reported	110.92	110.51	115.69	110.11	89
Advertising Expenses	-	-	0.01	0	-

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