Korado-Bulgaria AD (BUL:KBG)

Korado-Bulgaria AD 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	36.19	34.73	39.27	55.13	56.72	39.29
Other Revenue	0.54	0.88	0.49	0.38	2.16	0.25
Revenue	36.73	35.61	39.77	55.52	58.88	39.54
Revenue Growth (YoY)	0.60%	-10.45%	-28.37%	-5.72%	48.94%	-7.04%
Cost of Revenue	23.63	22.7	26.35	42.17	41.25	25.43
Gross Profit	13.09	12.92	13.42	13.35	17.63	14.11
Selling, General & Admin	9.22	8.09	7.16	8.06	8.24	6.98
Other Operating Expenses	1.05	1.29	1	1.16	3.1	0.82
Operating Expenses	11.39	10.5	9.24	10.28	12.42	8.91
Operating Income	1.7	2.42	4.18	3.07	5.21	5.2
Interest Expense	-0.01	-0.02	-0.18	-0.09	-0.07	-0.07
Interest & Investment Income	0.14	-	-	1.92	0.17	-
Currency Exchange Gain (Loss)	-0	-0	-0	-0	-0	-0
Other Non Operating Income (Expenses)	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02
EBT Excluding Unusual Items	1.81	2.37	3.97	4.87	5.29	5.11
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0
Pretax Income	1.81	2.37	3.97	4.87	5.29	5.1
Income Tax Expense	0.08	0.17	0.4	0.49	0.53	0.51
Net Income	1.73	2.21	3.57	4.38	4.76	4.59
Preferred Dividends & Other Adjustments	-0.04	-0.04	-	-	-	-
Net Income to Common	1.77	2.25	3.57	4.38	4.76	4.59
Net Income Growth	-44.07%	-38.11%	-18.55%	-7.92%	3.66%	7.72%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	-0.36%	-	-	-	-	-
EPS (Basic)	0.13	0.17	0.27	0.33	0.36	0.35
EPS (Diluted)	0.13	0.17	0.27	0.33	0.36	0.35
EPS Growth	-42.53%	-36.96%	-18.55%	-7.92%	3.66%	7.72%
Free Cash Flow	-0.44	5.42	2.25	0.99	1.47	4.61
Free Cash Flow Per Share	-0.03	0.41	0.17	0.07	0.11	0.35
Dividend Per Share	0.050	0.100	0.190	0.200	0.290	0.290
Dividend Growth	-82.76%	-47.37%	-5.00%	-31.03%	-	-
Gross Margin	35.65%	36.27%	33.74%	24.04%	29.95%	35.68%
Operating Margin	4.63%	6.79%	10.50%	5.53%	8.85%	13.14%
Profit Margin	4.82%	6.32%	8.97%	7.89%	8.08%	11.61%
Free Cash Flow Margin	-1.20%	15.21%	5.65%	1.78%	2.49%	11.66%
EBITDA	2.7	3.46	5.18	4.08	6.25	6.27
EBITDA Margin	7.35%	9.72%	13.03%	7.35%	10.61%	15.87%
D&A For EBITDA	1	1.05	1.01	1.01	1.04	1.08
EBIT	1.7	2.42	4.18	3.07	5.21	5.2
EBIT Margin	4.63%	6.79%	10.50%	5.53%	8.85%	13.14%
Effective Tax Rate	4.42%	6.95%	10.15%	10.06%	10.05%	10.05%
Advertising Expenses	-	0.05	0.04	0.05	0.05	0.05

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