Smart Organic AD Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	93.58	80.98	56.77	47.48	36.86
Other Revenue	-	-	-	-	0.01
Revenue	93.58	80.98	56.77	47.48	36.87
Revenue Growth (YoY)	15.57%	42.64%	19.57%	28.77%	-
Cost of Revenue	30.92	41.58	30.26	24.44	19.15
Gross Profit	62.66	39.39	26.51	23.03	17.72
Selling, General & Admin	28.55	22.02	14.58	12.1	9.83
Other Operating Expenses	0.42	0.94	0.38	1.06	0.43
Operating Expenses	31.65	25.84	17.22	15.14	12.01
Operating Income	31.02	13.55	9.29	7.89	5.72
Interest Expense	-0.28	-0.14	-0.08	-0.11	-0.15
Interest & Investment Income	0.07	0.02	0	0	0.03
Earnings From Equity Investments	-	0.01	-0.02	-0	0.01
Currency Exchange Gain (Loss)	-0.01	-0.03	-0.03	-0	-0.01
Other Non Operating Income (Expenses)	0.01	-0.08	-0.09	-0.11	-0.04
EBT Excluding Unusual Items	30.81	13.33	9.08	7.67	5.56
Gain (Loss) on Sale of Investments	0.12	0.02	-	-	-
Gain (Loss) on Sale of Assets	-13.77	0.1	0.01	-	-
Other Unusual Items	-	0.1	0.03	0	0.01
Pretax Income	17.15	13.56	9.13	7.67	5.56
Income Tax Expense	1.79	1.53	0.96	0.78	0.54
Earnings From Continuing Operations	15.37	12.03	8.17	6.89	5.02
Minority Interest in Earnings	-0.07	-0.03	0.03	-	-
Net Income	15.29	12	8.19	6.89	5.02
Net Income to Common	15.29	12	8.19	6.89	5.02
Net Income Growth	27.45%	46.46%	18.91%	37.18%	-
Shares Outstanding (Basic)	11	10	10	4	2
Shares Outstanding (Diluted)	11	10	10	4	2
Shares Change (YoY)	10.00%	-	189.81%	137.16%	-
EPS (Basic)	1.35	1.16	0.79	1.94	3.35
EPS (Diluted)	1.35	1.16	0.79	1.94	3.35
EPS Growth	15.86%	46.46%	-58.97%	-42.16%	-
Free Cash Flow	-8.8	0.48	-3.55	1.03	4.09
Free Cash Flow Per Share	-0.78	0.05	-0.34	0.29	2.72
Dividend Per Share	-	0.220	0.200	-	-
Dividend Growth	-	10.00%	-	-	-
Gross Margin	66.96%	48.65%	46.70%	48.51%	48.07%
Operating Margin	33.14%	16.74%	16.36%	16.62%	15.50%
Profit Margin	16.34%	14.82%	14.43%	14.51%	13.62%
Free Cash Flow Margin	-9.40%	0.59%	-6.26%	2.17%	11.08%
EBITDA	33.69	15.53	10.77	9.05	6.68
EBITDA Margin	36.00%	19.17%	18.98%	19.06%	18.11%
D&A For EBITDA	2.67	1.97	1.48	1.16	0.96
EBIT	31.02	13.55	9.29	7.89	5.72
EBIT Margin	33.14%	16.74%	16.36%	16.62%	15.50%
Effective Tax Rate	10.41%	11.30%	10.52%	10.18%	9.72%
Advertising Expenses	-	1.45	1.05	0.79	0.95

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