Oil and Gas Exploration and Production AD (BUL: NGAZ)

NGAZ Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	44.54	42.4	50.24	36.71	25.71	33.81
Other Revenue	-	-	-	-	2.18	-
Revenue	44.54	42.4	50.24	36.71	27.89	33.81
Revenue Growth (YoY)	2.64%	-15.59%	36.87%	31.62%	-17.52%	3.47%
Cost of Revenue	21.6	19.33	22.97	17.44	6.03	10.37
Gross Profit	22.95	23.07	27.27	19.26	21.86	23.44
Selling, General & Admin	14.42	14.07	13.9	10.97	12.02	11.02
Other Operating Expenses	2.53	2.14	7.58	2.89	3.86	1.9
Operating Expenses	21.44	21.12	25.48	18.66	21.52	20.62
Operating Income	1.51	1.96	1.8	0.61	0.33	2.82
Interest Expense	-0.47	-0.5	-0.55	-0.59	-0.64	-0.78
Interest & Investment Income	0.94	0.87	0.77	0.89	0.95	0.88
Earnings From Equity Investments	-0.13	-0.13	-0.01	0.06	0.04	0.03
Currency Exchange Gain (Loss)	-0	-0.01	-0.01	0.01	-0	-0.01
Other Non Operating Income (Expenses)	-0.29	-0.27	-0.23	-0.2	-0.19	0.1
EBT Excluding Unusual Items	1.56	1.91	1.78	0.78	0.49	3.04
Gain (Loss) on Sale of Investments	0.93	0.93	1.11	-0.01	0.23	0.53
Asset Writedown	-0.01	-0.01	-0.01	-0.01	-0.04	-
Other Unusual Items	0.01	0.01	0.15	0.24	-	-
Pretax Income	2.51	2.86	3.06	1.01	0.68	3.56
Income Tax Expense	0.23	0.31	0.39	0.09	0.07	0.36
Earnings From Continuing Operations	2.28	2.55	2.67	0.91	0.61	3.2
Minority Interest in Earnings	-0.05	-0.05	-0.05	-0.08	-0.05	-0.06
Net Income	2.23	2.51	2.62	0.84	0.56	3.15
Net Income to Common	2.23	2.51	2.62	0.84	0.56	3.15
Net Income Growth	-15.22%	-4.38%	213.38%	49.73%	-82.23%	1.75%
Shares Outstanding (Basic)	12	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12	12
EPS (Basic)	0.18	0.21	0.21	0.07	0.05	0.26
EPS (Diluted)	0.18	0.21	0.21	0.07	0.05	0.26
EPS Growth	-15.22%	-4.38%	213.38%	49.73%	-82.23%	1.75%
Free Cash Flow	4.9	3.41	6.43	2.93	0.51	6.09
Free Cash Flow Per Share	0.40	0.28	0.53	0.24	0.04	0.50
Gross Margin	51.51%	54.41%	54.29%	52.48%	78.37%	69.32%
Operating Margin	3.39%	4.62%	3.57%	1.65%	1.19%	8.35%
Profit Margin	5.01%	5.91%	5.22%	2.28%	2.00%	9.30%
Free Cash Flow Margin	10.99%	8.05%	12.79%	7.97%	1.84%	18.00%
EBITDA	5.72	6.58	4.71	4.28	6.01	6.92
EBITDA Margin	12.83%	15.52%	9.37%	11.65%	21.54%	20.46%
D&A For EBITDA	4.21	4.62	2.91	3.67	5.68	4.1
EBIT	1.51	1.96	1.8	0.61	0.33	2.82
EBIT Margin	3.39%	4.62%	3.57%	1.65%	1.19%	8.35%
Effective Tax Rate	9.12%	10.76%	12.69%	9.34%	10.87%	10.11%

Source: S&P Capital IQ. Standard template. Financial Sources.