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	-	4.4	0.85	0.96	0.29
Revenue	201.36	169.39	145.14	150.9	156.87
Revenue Growth (YoY)	18.87%	16.71%	-3.82%	-3.80%	10.48%
Cost of Revenue	94.91	87.22	104.88	114.19	101.17
Gross Profit	106.45	82.17	40.27	36.71	55.7
Selling, General & Admin	60.39	46.6	42.92	39.52	38.23
Other Operating Expenses	-	-19.12	-5.89	-23.14	-11.19
Operating Expenses	69.44	35.26	45.6	25.05	35.68
Operating Income	37.01	46.91	-5.33	11.66	20.01
Interest Expense	-0.17	-0.21	-0.1	-0.06	-0.01
Interest & Investment Income	0.2	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)	7.94	0.12	-0.47	-0.35	-0.58
EBT Excluding Unusual Items	44.95	46.97	-5.73	11.51	19.73
Asset Writedown	-35.63	-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	231	239	244	244
Shares Outstanding (Diluted)	231	231	239	244	244
Shares Change (YoY)	-	-3.56%	-1.70%	-	-6.38%
EPS (Basic)	0.04	0.18	-0.05	-0.00	0.07
EPS (Diluted)	0.04	0.18	-0.05	-0.00	0.07
EPS Growth	-80.18%	-	-	-	84.34%
Free Cash Flow	-14.5	6.7	5.35	-8.78	27.15
Free Cash Flow Per Share	-0.06	0.03	0.02	-0.04	0.11
Dividend Per Share	-	-	-	0.021	0.071
Dividend Growth	-	-	-	-70.76%	61.36%
Gross Margin	52.87%	48.51%	27.74%	24.33%	35.51%
Operating Margin	18.38%	27.69%	-3.67%	7.73%	12.76%
Profit Margin	4.06%	24.36%	-8.45%	-0.08%	11.45%
Free Cash Flow Margin	-7.20%	3.95%	3.69%	-5.82%	17.31%
EBITDA	46.06	54.57	2.94	19.79	28.09
EBITDA Margin	22.87%	32.21%	2.02%	13.12%	17.91%
D&A For EBITDA	9.05	7.66	8.27	8.13	8.08
EBIT	37.01	46.91	-5.33	11.66	20.01
EBIT Margin	18.38%	27.69%	-3.67%	7.73%	12.76%
Effective Tax Rate	13.62%	11.63%	-	-	9.52%
Revenue as Reported	214.34	-	-	-	-

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