Hydraulic Elements and Systems AD (BUL:HES)

BUL:HES 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	74.64	72.98	84.83	94.25	70.05	50.52
Other Revenue	1.23	1.07	1.08	1.05	0.71	0.41
Revenue	75.87	74.05	85.91	95.3	70.76	50.94
Revenue Growth (YoY)	1.50%	-13.81%	-9.86%	34.67%	38.93%	-17.57%
Cost of Revenue	42.68	41.41	51.06	56.82	39.77	28.55
Gross Profit	33.2	32.64	34.84	38.48	31	22.39
Selling, General & Admin	23.34	23.38	25.59	25.46	20.72	15.32
Other Operating Expenses	0.68	0.67	0.68	0.93	-1.04	-2.69
Operating Expenses	28.33	28.27	29.97	30.07	22.93	15.75
Operating Income	4.86	4.37	4.87	8.41	8.07	6.64
Interest Expense	-0.4	-0.14	-0.34	-0.14	-0	-0.03
Currency Exchange Gain (Loss)	0.07	0.07	-0.1	0.11	0.13	-0.17
Other Non Operating Income (Expenses)	0.12	0.17	0.16	2.28	0.26	0.28
EBT Excluding Unusual Items	4.66	4.47	4.59	10.66	8.46	6.73
Gain (Loss) on Sale of Assets	0.02	0.02	0	0.01	0.04	0.01
Pretax Income	4.67	4.49	4.59	10.66	8.5	6.74
Income Tax Expense	0.48	0.46	0.46	1.07	0.85	0.68
Net Income	4.2	4.03	4.13	9.59	7.65	6.06
Net Income to Common	4.2	4.03	4.13	9.59	7.65	6.06
Net Income Growth	36.38%	-2.52%	-56.89%	25.35%	26.24%	39.63%
Shares Outstanding (Basic)	18	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18	18
Shares Change (YoY)	-0.24%	-	-	-	-	-
EPS (Basic)	0.23	0.22	0.23	0.53	0.42	0.33
EPS (Diluted)	0.23	0.22	0.23	0.53	0.42	0.33
EPS Growth	35.81%	-3.18%	-56.89%	25.49%	27.27%	38.34%
Free Cash Flow	0.11	0.08	-0.16	-3.1	-3.71	-1.67
Free Cash Flow Per Share	0.01	0.00	-0.01	-0.17	-0.20	-0.09
Dividend Per Share	-	-	0.210	0.330	-	0.260
Dividend Growth	-	-	-36.36%	-	-	-
Gross Margin	43.75%	44.08%	40.56%	40.37%	43.80%	43.96%
Operating Margin	6.41%	5.90%	5.67%	8.82%	11.40%	13.04%
Profit Margin	5.53%	5.44%	4.81%	10.06%	10.81%	11.90%
Free Cash Flow Margin	0.15%	0.10%	-0.19%	-3.26%	-5.25%	-3.28%
EBITDA	9.06	8.47	8.38	11.86	11.1	9.74
EBITDA Margin	11.94%	11.44%	9.75%	12.44%	15.69%	19.12%
D&A For EBITDA	4.2	4.1	3.51	3.45	3.03	3.1
EBIT	4.86	4.37	4.87	8.41	8.07	6.64
EBIT Margin	6.41%	5.90%	5.67%	8.82%	11.40%	13.04%
Effective Tax Rate	10.25%	10.27%	9.99%	10.06%	10.02%	10.02%
Revenue as Reported	76.06	74.24	86.09	97.6	72.75	54.42
Advertising Expenses	-	0.08	0.08	0.08	0.09	0.14

Updated Oct 25, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.