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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	21.01	19.1	17.71	17.26	16.02	12.51
Other Revenue	0.06	0.05	0.05	0.04	-	-
Revenue	21.07	19.15	17.76	17.3	16.02	12.51
Revenue Growth (YoY)	12.57%	7.84%	2.70%	7.93%	28.06%	19.98%
Cost of Revenue	0.16	0.17	0.1	0.19	0.21	0.15
Gross Profit	20.91	18.98	17.66	17.1	15.82	12.37
Selling, General & Admin	12.74	11.9	10.22	8.39	7.29	6.31
Other Operating Expenses	0.1	-0.09	0.17	-0.05	-0.05	0.54
Operating Expenses	13.66	12.63	11.22	12.09	8.63	7.51
Operating Income	7.25	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	14.74	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)	-1.31	-1.15	-1.31	-0.52	-	-0
EBT Excluding Unusual Items	20.78	19.55	13.76	5.1	7.36	4.92
Gain (Loss) on Sale of Investments	-0.03	-0.05	-	-	-	-0
Gain (Loss) on Sale of Assets	-	-	-	0.02	0.03	-
Legal Settlements	-2.23	-0.64	0.24	-	-	-
Other Unusual Items	-0	-	-	0	0.01	0.02
Pretax Income	18.52	18.86	14	5.13	7.41	4.94
Income Tax Expense	1.77	1.96	1.48	0.6	0.8	0.6
Net Income	16.75	16.9	12.52	4.53	6.61	4.34
Net Income to Common	16.75	16.9	12.52	4.53	6.61	4.34
Net Income Growth	4.41%	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)	-14.96%	0.23%	33.33%	-0.72%	-1.44%	-0.01%
EPS (Basic)	1.28	1.31	0.97	0.47	0.68	0.44
EPS (Diluted)	1.28	1.31	0.97	0.47	0.68	0.44
EPS Growth	22.79%	34.66%	107.16%	-30.88%	54.56%	56.61%
Free Cash Flow	-98.52	279.78	75.93	-48.08	142.82	67.05
Free Cash Flow Per Share	-7.54	21.67	5.89	-4.98	14.68	6.79
Dividend Per Share	1.710	0.450	0.197	0.693	0.688	0.053
Dividend Growth	766.70%	128.08%	-71.54%	0.71%	1191.56%	161.27%
Gross Margin	99.24%	99.10%	99.45%	98.88%	98.71%	98.84%
Operating Margin	34.42%	33.15%	36.30%	28.96%	44.83%	38.83%
Profit Margin	79.52%	88.23%	70.49%	26.21%	41.22%	34.65%
Free Cash Flow Margin	-467.62%	1460.68%	427.48%	-278.02%	891.29%	535.83%
EBITDA	7.64	6.94	7.04	5.61	7.7	5.4
EBITDA Margin	36.26%	36.22%	39.64%	32.42%	48.02%	43.18%
D&A For EBITDA	0.39	0.59	0.59	0.6	0.51	0.54
EBIT	7.25	6.35	6.45	5.01	7.18	4.86
EBIT Margin	34.42%	33.15%	36.30%	28.96%	44.83%	38.83%
Effective Tax Rate	9.54%	10.38%	10.54%	11.60%	10.84%	12.21%
Advertising Expenses	-	0.13	0.12	0.08	0.11	0

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.