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 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 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	99.17	92.27	80.98	56.77	47.48	36.86
Other Revenue	-0.01	-	0.1	-	-	0.01
Revenue	99.16	92.27	81.08	56.77	47.48	36.87
Revenue Growth (YoY)	16.52%	13.81%	42.82%	19.57%	28.77%	-
Cost of Revenue	50.91	45.95	41.58	30.26	24.44	19.15
Gross Profit	48.25	46.32	39.49	26.51	23.03	17.72
Selling, General & Admin	29.52	27.34	22.02	14.58	12.1	9.83
Other Operating Expenses	0.22	0.21	0.94	0.38	1.06	0.43
Operating Expenses	32.95	30.4	25.84	17.22	15.14	12.01
Operating Income	15.3	15.93	13.66	9.29	7.89	5.72
Interest Expense	-0.34	-0.28	-0.14	-0.08	-0.11	-0.15
Interest & Investment Income	0.07	0.07	0.02	0	0	0.03
Earnings From Equity Investments	-0	-0	0.01	-0.02	-0	0.01
Currency Exchange Gain (Loss)	0.04	0.06	-0.03	-0.03	-0	-0.01
Other Non Operating Income (Expenses)	0.05	-0.05	-0.08	-0.09	-0.11	-0.04
EBT Excluding Unusual Items	15.11	15.71	13.43	9.08	7.67	5.56
Gain (Loss) on Sale of Investments	0.03	0.16	0.02	-	-	-
Gain (Loss) on Sale of Assets	0.35	-	-	0.01	-	-
Other Unusual Items	0.13	0.13	0.1	0.03	0	0.01
Pretax Income	15.63	16	13.56	9.13	7.67	5.56
Income Tax Expense	1.64	1.77	1.53	0.96	0.78	0.54
Earnings From Continuing Operations	13.99	14.24	12.03	8.17	6.89	5.02
Minority Interest in Earnings	-0.04	-0.04	-0.03	0.03	-	-
Net Income	13.95	14.2	12	8.19	6.89	5.02
Net Income to Common	13.95	14.2	12	8.19	6.89	5.02
Net Income Growth	9.56%	18.36%	46.46%	18.91%	37.18%	-
Shares Outstanding (Basic)	11	11	10	10	4	2
Shares Outstanding (Diluted)	11	11	10	10	4	2
Shares Change (YoY)	10.00%	4.89%	-	189.81%	137.16%	-
EPS (Basic)	1.23	1.31	1.16	0.79	1.94	3.35
EPS (Diluted)	1.23	1.31	1.16	0.79	1.94	3.35
EPS Growth	-0.40%	12.84%	46.46%	-58.97%	-42.16%	-
Free Cash Flow	-1.74	-8.12	0.48	-3.55	1.03	4.09
Free Cash Flow Per Share	-0.15	-0.75	0.05	-0.34	0.29	2.72
Dividend Per Share	-	-	0.220	0.200	-	-
Dividend Growth	-	-	10.00%	-	-	-
Gross Margin	48.66%	50.20%	48.71%	46.70%	48.51%	48.07%
Operating Margin	15.43%	17.26%	16.84%	16.36%	16.62%	15.50%
Profit Margin	14.07%	15.39%	14.80%	14.43%	14.51%	13.62%
Free Cash Flow Margin	-1.75%	-8.80%	0.59%	-6.26%	2.17%	11.08%
EBITDA	17.88	18.15	15.63	10.77	9.05	6.68
EBITDA Margin	18.03%	19.67%	19.27%	18.98%	19.06%	18.11%
D&A For EBITDA	2.58	2.22	1.97	1.48	1.16	0.96
EBIT	15.3	15.93	13.66	9.29	7.89	5.72
EBIT Margin	15.43%	17.26%	16.84%	16.36%	16.62%	15.50%
Effective Tax Rate	10.47%	11.04%	11.30%	10.52%	10.18%	9.72%
Advertising Expenses	-	2.03	1.45	1.05	0.79	0.95

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.