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	92.27	80.98	56.77	47.48	36.86
Other Revenue	-	0.1	-	-	0.01
Revenue	92.27	81.08	56.77	47.48	36.87
Revenue Growth (YoY)	13.81%	42.82%	19.57%	28.77%	-
Cost of Revenue	45.95	41.58	30.26	24.44	19.15
Gross Profit	46.32	39.49	26.51	23.03	17.72
Selling, General & Admin	27.34	22.02	14.58	12.1	9.83
Other Operating Expenses	0.21	0.94	0.38	1.06	0.43
Operating Expenses	30.4	25.84	17.22	15.14	12.01
Operating Income	15.93	13.66	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	0.01	-0.02	-0	0.01
Currency Exchange Gain (Loss)	0.06	-0.03	-0.03	-0	-0.01
Other Non Operating Income (Expenses)	-0.05	-0.08	-0.09	-0.11	-0.04
EBT Excluding Unusual Items	15.71	13.43	9.08	7.67	5.56
Gain (Loss) on Sale of Investments	0.16	0.02	-	-	-
Gain (Loss) on Sale of Assets	-	-	0.01	-	-
Other Unusual Items	0.13	0.1	0.03	0	0.01
Pretax Income	16	13.56	9.13	7.67	5.56
Income Tax Expense	1.77	1.53	0.96	0.78	0.54
Earnings From Continuing Operations	14.24	12.03	8.17	6.89	5.02
Minority Interest in Earnings	-0.04	-0.03	0.03	-	-
Net Income	14.2	12	8.19	6.89	5.02
Net Income to Common	14.2	12	8.19	6.89	5.02
Net Income Growth	18.36%	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)	4.89%	-	189.81%	137.16%	-
EPS (Basic)	1.31	1.16	0.79	1.94	3.35
EPS (Diluted)	1.31	1.16	0.79	1.94	3.35
EPS Growth	12.84%	46.46%	-58.97%	-42.16%	-
Free Cash Flow	-8.12	0.48	-3.55	1.03	4.09
Free Cash Flow Per Share	-0.75	0.05	-0.34	0.29	2.72
Dividend Per Share	-	0.220	0.200	-	-
Dividend Growth	-	10.00%	-	-	-
Gross Margin	50.20%	48.71%	46.70%	48.51%	48.07%
Operating Margin	17.26%	16.84%	16.36%	16.62%	15.50%
Profit Margin	15.39%	14.80%	14.43%	14.51%	13.62%
Free Cash Flow Margin	-8.80%	0.59%	-6.26%	2.17%	11.08%
EBITDA	18.15	15.63	10.77	9.05	6.68
EBITDA Margin	19.67%	19.27%	18.98%	19.06%	18.11%
D&A For EBITDA	2.22	1.97	1.48	1.16	0.96
EBIT	15.93	13.66	9.29	7.89	5.72
EBIT Margin	17.26%	16.84%	16.36%	16.62%	15.50%
Effective Tax Rate	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.