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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	20.06	19.1	17.71	17.26	16.02	12.51
Other Revenue	0.06	0.05	0.05	0.04	-	-
Revenue	20.12	19.15	17.76	17.3	16.02	12.51
Revenue Growth (YoY)	7.80%	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	19.97	18.98	17.66	17.1	15.82	12.37
Selling, General & Admin	12.87	11.9	10.22	8.39	7.29	6.31
Other Operating Expenses	1.49	-0.09	0.17	-0.05	-0.05	0.54
Operating Expenses	15.16	12.63	11.22	12.09	8.63	7.51
Operating Income	4.8	6.35	6.45	5.01	7.18	4.86
Interest Expense	-0.02	-0.01	-0.01	-	-0.01	-0.01
Interest & Investment Income	16.44	14.32	8.56	0.66	0.17	0.07
Earnings From Equity Investments	0.06	0.05	0.08	0.01	0.01	-0
Currency Exchange Gain (Loss)	-0	-0.01	-0	-0.05	-0	-
Other Non Operating Income (Expenses)	-1.25	-1.15	-1.31	-0.52	-	-0
EBT Excluding Unusual Items	20.03	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	-0.64	-0.64	0.24	-	-	-
Other Unusual Items	-	-	-	0	0.01	0.02
Pretax Income	19.36	18.86	14	5.13	7.41	4.94
Income Tax Expense	1.97	1.96	1.48	0.6	0.8	0.6
Net Income	17.4	16.9	12.52	4.53	6.61	4.34
Net Income to Common	17.4	16.9	12.52	4.53	6.61	4.34
Net Income Growth	13.72%	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)	-10.28%	0.23%	33.33%	-0.72%	-1.44%	-0.01%
EPS (Basic)	1.34	1.31	0.97	0.47	0.68	0.44
EPS (Diluted)	1.34	1.31	0.97	0.47	0.68	0.44
EPS Growth	26.75%	34.66%	107.16%	-30.88%	54.56%	56.61%
Free Cash Flow	124.4	279.78	75.93	-48.08	142.82	67.05
Free Cash Flow Per Share	9.60	21.67	5.89	-4.98	14.68	6.79
Dividend Per Share	0.450	0.450	0.197	0.693	0.688	0.053
Dividend Growth	128.08%	128.08%	-71.54%	0.71%	1191.56%	161.27%
Gross Margin	99.23%	99.10%	99.45%	98.88%	98.71%	98.84%
Operating Margin	23.87%	33.15%	36.30%	28.96%	44.83%	38.83%
Profit Margin	86.45%	88.23%	70.49%	26.21%	41.22%	34.65%
Free Cash Flow Margin	618.18%	1460.68%	427.48%	-278.02%	891.29%	535.83%
EBITDA	5.26	6.94	7.04	5.61	7.7	5.4
EBITDA Margin	26.12%	36.22%	39.64%	32.42%	48.02%	43.18%
D&A For EBITDA	0.45	0.59	0.59	0.6	0.51	0.54
EBIT	4.8	6.35	6.45	5.01	7.18	4.86
EBIT Margin	23.87%	33.15%	36.30%	28.96%	44.83%	38.83%
Effective Tax Rate	10.15%	10.38%	10.54%	11.60%	10.84%	12.21%
Advertising Expenses	-	0.13	0.12	0.08	0.11	0

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