Korado-Bulgaria AD Income Statement

Financials in millions BGN. Fiscal year is January - December.

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	43.92	38.06	34.73	39.27	55.13	56.72
Other Revenue	0.38	0.36	0.64	0.34	0.38	2.16
Revenue	44.29	38.43	35.38	39.62	55.52	58.88
Revenue Growth (YoY)	25.31%	8.62%	-10.70%	-28.64%	-5.72%	48.94%
Cost of Revenue	28.79	25.29	22.7	26.35	42.17	41.25
Gross Profit	15.51	13.14	12.68	13.27	13.35	17.63
Selling, General & Admin	10.69	10.01	8.09	7.16	8.06	8.24
Other Operating Expenses	1.5	1.26	1.29	1	1.16	3.1
Operating Expenses	13.34	12.39	10.5	9.24	10.28	12.42
Operating Income	2.17	0.75	2.18	4.02	3.07	5.21
Interest Expense	-0.01	-0.01	-0.02	-0.18	-0.09	-0.07
Interest & Investment Income	0.02	0.14	0.24	0.15	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	2.15	0.86	2.37	3.97	4.87	5.29
Pretax Income	2.15	0.86	2.37	3.97	4.87	5.29
Income Tax Expense	0.08	0.08	0.17	0.4	0.49	0.53
Net Income	2.07	0.78	2.21	3.57	4.38	4.76
Preferred Dividends & Other Adjustments	-	-	-0.04	-	-	-
Net Income to Common	2.07	0.78	2.25	3.57	4.38	4.76
Net Income Growth	25.76%	-64.69%	-38.11%	-18.55%	-7.92%	3.66%
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	13.88%	-	-	-	-	-
EPS (Basic)	0.16	0.06	0.17	0.27	0.33	0.36
EPS (Diluted)	0.16	0.06	0.17	0.27	0.33	0.36
EPS Growth	7.75%	-65.33%	-36.96%	-18.55%	-7.92%	3.66%
Free Cash Flow	-0.89	0.76	5.42	2.25	0.99	1.47
Free Cash Flow Per Share	-0.07	0.06	0.41	0.17	0.07	0.11
Dividend Per Share	0.050	0.050	0.100	0.190	0.200	0.290
Dividend Growth	-50.00%	-50.00%	-47.37%	-5.00%	-31.03%	-
Gross Margin	35.01%	34.19%	35.84%	33.49%	24.04%	29.95%
Operating Margin	4.89%	1.95%	6.17%	10.16%	5.53%	8.85%
Profit Margin	4.68%	2.03%	6.36%	9.01%	7.89%	8.08%
Free Cash Flow Margin	-2.00%	1.98%	15.31%	5.67%	1.78%	2.49%
EBITDA	3.31	1.87	3.23	5.03	4.08	6.25
EBITDA Margin	7.46%	4.87%	9.12%	12.70%	7.35%	10.61%
D&A For EBITDA	1.14	1.12	1.05	1.01	1.01	1.04
EBIT	2.17	0.75	2.18	4.02	3.07	5.21
EBIT Margin	4.89%	1.95%	6.17%	10.16%	5.53%	8.85%
Effective Tax Rate	3.71%	9.30%	6.95%	10.15%	10.06%	10.05%
Advertising Expenses	-	0.04	0.05	0.04	0.05	0.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.