Gradus AD 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	201.36	164.99	144.29	149.94	156.57
Other Revenue	12.98	4.4	0.85	0.96	0.29
Revenue	214.34	169.39	145.14	150.9	156.87
Revenue Growth (YoY)	26.53%	16.71%	-3.82%	-3.80%	10.48%
Cost of Revenue	94.91	87.22	104.88	114.19	101.17
Gross Profit	119.43	82.17	40.27	36.71	55.7
Selling, General & Admin	60.39	46.6	42.92	39.52	38.23
Other Operating Expenses	40.32	-19.12	-5.89	-23.14	-11.19
Operating Expenses	109.76	35.26	45.6	25.05	35.68
Operating Income	9.67	46.91	-5.33	11.66	20.01
Interest Expense	-0.17	-0.21	-0.1	-0.06	-0.01
Interest & Investment Income	-	0.16	0.22	0.18	0.18
Currency Exchange Gain (Loss)	-0.02	-0.01	-0.04	0.09	0.13
Other Non Operating Income (Expenses)	-0.13	0.12	-0.47	-0.35	-0.58
EBT Excluding Unusual Items	9.35	46.97	-5.73	11.51	19.73
Gain (Loss) on Sale of Investments	-0.03	-	-	-	-
Asset Writedown	-	-0.28	-7.52	-11.82	0.05
Pretax Income	9.32	46.69	-13.25	-0.31	19.78
Income Tax Expense	1.27	5.43	-0.78	0.04	1.88
Earnings From Continuing Operations	8.05	41.26	-12.47	-0.35	17.89
Minority Interest in Earnings	0.13	0.01	0.21	0.23	0.07
Net Income	8.18	41.27	-12.26	-0.13	17.96
Net Income to Common	8.18	41.27	-12.26	-0.13	17.96
Net Income Growth	-80.18%	-	-	-	72.59%
Shares Outstanding (Basic)	-	231	239	244	244
Shares Outstanding (Diluted)	-	231	239	244	244
Shares Change (YoY)	-	-3.56%	-1.70%	-	-6.38%
EPS (Basic)	-	0.18	-0.05	-0.00	0.07
EPS (Diluted)	-	0.18	-0.05	-0.00	0.07
EPS Growth	-	-	-	-	84.34%
Free Cash Flow	-14.5	6.7	5.35	-8.78	27.15
Free Cash Flow Per Share	-	0.03	0.02	-0.04	0.11
Dividend Per Share	-	-	-	0.021	0.071
Dividend Growth	-	-	-	-70.76%	61.36%
Gross Margin	55.72%	48.51%	27.74%	24.33%	35.51%
Operating Margin	4.51%	27.69%	-3.67%	7.73%	12.76%
Profit Margin	3.82%	24.36%	-8.45%	-0.08%	11.45%
Free Cash Flow Margin	-6.77%	3.95%	3.69%	-5.82%	17.31%
EBITDA	18.72	54.57	2.94	19.79	28.09
EBITDA Margin	8.73%	32.21%	2.02%	13.12%	17.91%
D&A For EBITDA	9.05	7.66	8.27	8.13	8.08
EBIT	9.67	46.91	-5.33	11.66	20.01
EBIT Margin	4.51%	27.69%	-3.67%	7.73%	12.76%
Effective Tax Rate	13.62%	11.63%	-	-	9.52%

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