BUL:NGAZ Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	40.05	42.31	42.4	50.24	36.71	25.71
Other Revenue	1.1	1.1	-	-	-	2.18
Revenue	41.15	43.41	42.4	50.24	36.71	27.89
Revenue Growth (YoY)	-2.88%	2.37%	-15.59%	36.87%	31.62%	-17.52%
Cost of Revenue	16.47	19.58	19.33	22.97	17.44	6.03
Gross Profit	24.68	23.83	23.07	27.27	19.26	21.86
Selling, General & Admin	17.38	15.03	14.14	13.9	10.97	12.02
Other Operating Expenses	2.06	2.41	2.12	7.58	2.89	3.86
Operating Expenses	23.84	21.81	21.06	25.48	18.66	21.52
Operating Income	0.84	2.03	2.01	1.8	0.61	0.33
Interest Expense	-0.76	-0.76	-0.85	-0.55	-0.59	-0.64
Interest & Investment Income	1.36	0.98	0.87	0.77	0.89	0.95
Earnings From Equity Investments	0.02	-0.01	-0.13	-0.01	0.06	0.04
Currency Exchange Gain (Loss)	0.05	0.04	0.04	-0.01	0.01	-0
Other Non Operating Income (Expenses)	-0.02	-	0	-0.23	-0.2	-0.19
EBT Excluding Unusual Items	1.49	2.27	1.94	1.78	0.78	0.49
Gain (Loss) on Sale of Investments	0.74	0.7	0.93	1.11	-0.01	0.23
Asset Writedown	-	-	-0.01	-0.01	-0.01	-0.04
Other Unusual Items	-	-	-	0.15	0.24	-
Pretax Income	2.23	2.96	2.86	3.06	1.01	0.68
Income Tax Expense	0.16	0.3	0.31	0.39	0.09	0.07
Earnings From Continuing Operations	2.08	2.66	2.55	2.67	0.91	0.61
Minority Interest in Earnings	-0.04	-0.04	-0.05	-0.05	-0.08	-0.05
Net Income	2.04	2.62	2.51	2.62	0.84	0.56
Net Income to Common	2.04	2.62	2.51	2.62	0.84	0.56
Net Income Growth	-16.19%	4.51%	-4.38%	213.38%	49.73%	-82.23%
Shares Outstanding (Basic)	12	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12	12
EPS (Basic)	0.17	0.21	0.21	0.21	0.07	0.05
EPS (Diluted)	0.17	0.21	0.21	0.21	0.07	0.05
EPS Growth	-16.19%	4.51%	-4.38%	213.38%	49.73%	-82.23%
Free Cash Flow	-0.15	2.35	3.54	6.43	2.93	0.51
Free Cash Flow Per Share	-0.01	0.19	0.29	0.53	0.24	0.04
Gross Margin	59.98%	54.90%	54.41%	54.29%	52.48%	78.37%
Operating Margin	2.03%	4.67%	4.74%	3.57%	1.65%	1.19%
Profit Margin	4.96%	6.04%	5.92%	5.22%	2.28%	2.00%
Free Cash Flow Margin	-0.37%	5.42%	8.35%	12.79%	7.97%	1.84%
EBITDA	5.3	6.43	6.86	4.71	4.28	6.01
EBITDA Margin	12.87%	14.81%	16.19%	9.37%	11.65%	21.54%
D&A For EBITDA	4.46	4.4	4.86	2.91	3.67	5.68
EBIT	0.84	2.03	2.01	1.8	0.61	0.33
EBIT Margin	2.03%	4.67%	4.74%	3.57%	1.65%	1.19%
Effective Tax Rate	7.03%	10.15%	10.76%	12.69%	9.34%	10.87%

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