Bulgarian Stock Exchange AD (BUL:BSE)

BUL:BSE Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	19.69	19.1	17.71	17.26	16.02	12.51
Other Revenue	0.05	0.05	0.05	0.04	-	-
Revenue	19.74	19.15	17.76	17.3	16.02	12.51
Revenue Growth (YoY)	9.67%	7.84%	2.70%	7.93%	28.06%	19.98%
Cost of Revenue	0.36	0.17	0.1	0.19	0.21	0.15
Gross Profit	19.38	18.98	17.66	17.1	15.82	12.37
Selling, General & Admin	12.23	11.9	10.22	8.39	7.29	6.31
Other Operating Expenses	-0.12	-0.09	0.17	-0.05	-0.05	0.54
Operating Expenses	12.93	12.63	11.22	12.09	8.63	7.51
Operating Income	6.46	6.35	6.45	5.01	7.18	4.86
Interest Expense	-0.01	-0.01	-0.01	-	-0.01	-0.01
Interest & Investment Income	16.75	14.32	8.56	0.66	0.17	0.07
Earnings From Equity Investments	0.11	0.05	0.08	0.01	0.01	-0
Currency Exchange Gain (Loss)	-0.01	-0.01	-0	-0.05	-0	-
Other Non Operating Income (Expenses)	-1.22	-1.15	-1.31	-0.52	-	-0
EBT Excluding Unusual Items	22.08	19.55	13.76	5.1	7.36	4.92
Gain (Loss) on Sale of Investments	-0.05	-0.05	-	-	-	-0
Gain (Loss) on Sale of Assets	-	-	-	0.02	0.03	-
Legal Settlements	-0.64	-0.64	0.24	-	-	-
Other Unusual Items	-	-	-	0	0.01	0.02
Pretax Income	21.38	18.86	14	5.13	7.41	4.94
Income Tax Expense	2.18	1.96	1.48	0.6	0.8	0.6
Net Income	19.21	16.9	12.52	4.53	6.61	4.34
Net Income to Common	19.21	16.9	12.52	4.53	6.61	4.34
Net Income Growth	38.48%	34.97%	176.22%	-31.37%	52.33%	56.59%
Shares Outstanding (Basic)	13	13	13	10	10	10
Shares Outstanding (Diluted)	13	13	13	10	10	10
Shares Change (YoY)	-5.37%	0.23%	33.33%	-0.72%	-1.44%	-0.01%
EPS (Basic)	1.48	1.31	0.97	0.47	0.68	0.44
EPS (Diluted)	1.48	1.31	0.97	0.47	0.68	0.44
EPS Growth	46.34%	34.66%	107.16%	-30.88%	54.56%	56.61%
Free Cash Flow	604.87	279.78	75.93	-48.08	142.82	67.05
Free Cash Flow Per Share	46.76	21.67	5.89	-4.98	14.68	6.79
Dividend Per Share	-	-	0.197	0.693	0.688	0.053
Dividend Growth	-	-	-71.54%	0.71%	1191.56%	161.27%
Gross Margin	98.20%	99.10%	99.45%	98.88%	98.71%	98.84%
Operating Margin	32.71%	33.15%	36.30%	28.96%	44.83%	38.83%
Profit Margin	97.30%	88.23%	70.49%	26.21%	41.22%	34.65%
Free Cash Flow Margin	3064.50%	1460.68%	427.48%	-278.02%	891.29%	535.83%
EBITDA	6.98	6.94	7.04	5.61	7.7	5.4
EBITDA Margin	35.36%	36.22%	39.64%	32.42%	48.02%	43.18%
D&A For EBITDA	0.52	0.59	0.59	0.6	0.51	0.54
EBIT	6.46	6.35	6.45	5.01	7.18	4.86
EBIT Margin	32.71%	33.15%	36.30%	28.96%	44.83%	38.83%
Effective Tax Rate	10.19%	10.38%	10.54%	11.60%	10.84%	12.21%
Advertising Expenses	-	0.13	0.12	0.08	0.11	0

Updated Mar 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.