Smart Organic AD Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	80.04	75.84	56.77	47.48	36.86
Other Revenue	6.39	6.58	-	-	0.01
Revenue	86.42	82.42	56.77	47.48	36.87
Revenue Growth (YoY)	19.65%	45.20%	19.57%	28.77%	-
Cost of Revenue	29.69	30.35	30.26	24.44	19.15
Gross Profit	56.74	52.07	26.51	23.03	17.72
Selling, General & Admin	23.91	21.31	14.58	12.1	9.83
Other Operating Expenses	0.97	1.65	0.38	1.06	0.43
Operating Expenses	27.51	25.36	17.22	15.14	12.01
Operating Income	29.22	26.72	9.29	7.89	5.72
Interest Expense	-0.23	-0.14	-0.08	-0.11	-0.15
Interest & Investment Income	0.01	0.04	0	0	0.03
Earnings From Equity Investments	-	-	-0.02	-0	0.01
Currency Exchange Gain (Loss)	-0.08	-0.03	-0.03	-0	-0.01
Other Non Operating Income (Expenses)	-0.12	-0.06	-0.09	-0.11	-0.04
EBT Excluding Unusual Items	28.81	26.53	9.08	7.67	5.56
Gain (Loss) on Sale of Assets	-14.8	-12.76	0.01	-	-
Other Unusual Items	-	-	0.03	0	0.01
Pretax Income	14.01	13.77	9.13	7.67	5.56
Income Tax Expense	1.45	1.54	0.96	0.78	0.54
Earnings From Continuing Operations	12.56	12.23	8.17	6.89	5.02
Minority Interest in Earnings	-0.03	-0.03	0.03	-	-
Net Income	12.53	12.2	8.19	6.89	5.02
Net Income to Common	12.53	12.2	8.19	6.89	5.02
Net Income Growth	-8.53%	48.95%	18.91%	37.18%	-
Shares Outstanding (Basic)	11	10	10	4	2
Shares Outstanding (Diluted)	11	10	10	4	2
Shares Change (YoY)	-	-	189.81%	137.16%	-
EPS (Basic)	1.10	1.18	0.79	1.94	3.35
EPS (Diluted)	1.10	1.18	0.79	1.94	3.35
EPS Growth	-	48.95%	-58.97%	-42.16%	-
Free Cash Flow	-10.3	-0.08	-3.55	1.03	4.09
Free Cash Flow Per Share	-0.91	-0.01	-0.34	0.29	2.72
Dividend Per Share	0.220	0.220	0.200	-	-
Dividend Growth	10.00%	10.00%	-	-	-
Gross Margin	65.65%	63.18%	46.70%	48.51%	48.06%
Operating Margin	33.82%	32.41%	16.36%	16.62%	15.50%
Profit Margin	14.50%	14.80%	14.43%	14.51%	13.62%
Free Cash Flow Margin	-11.91%	-0.10%	-6.26%	2.17%	11.08%
EBITDA	32.04	29.3	10.77	9.05	6.68
EBITDA Margin	37.07%	35.55%	18.98%	19.06%	18.11%
D&A For EBITDA	2.81	2.58	1.48	1.16	0.96
EBIT	29.22	26.72	9.29	7.89	5.72
EBIT Margin	33.82%	32.41%	16.36%	16.62%	15.50%
Effective Tax Rate	10.36%	11.17%	10.52%	10.18%	9.72%
Advertising Expenses	-	-	1.05	0.79	0.95

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