Smart Organic AD Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	125.02	92.27	80.98	56.77	47.48
Other Revenue	1.36	0.75	-	-	-
Revenue	126.37	93.02	80.98	56.77	47.48
Revenue Growth (YoY)	35.85%	14.88%	42.64%	19.57%	28.77%
Cost of Revenue	65.07	45.14	41.58	30.26	24.44
Gross Profit	61.3	47.88	39.39	26.51	23.03
Selling, General & Admin	39.2	27.94	22.02	14.58	12.1
Other Operating Expenses	1.7	1.22	0.94	0.38	1.06
Operating Expenses	45.2	31.82	25.84	17.22	15.14
Operating Income	16.11	16.06	13.55	9.29	7.89
Interest Expense	-0	-0.01	-0.14	-0.08	-0.11
Interest & Investment Income	0.26	0.22	0.02	0	0
Earnings From Equity Investments	-	-	0.01	-0.02	-0
Currency Exchange Gain (Loss)	-	-	-0.03	-0.03	-0
Other Non Operating Income (Expenses)	-1.19	-0.27	-0.08	-0.09	-0.11
EBT Excluding Unusual Items	15.18	16	13.33	9.08	7.67
Gain (Loss) on Sale of Investments	-	-	0.02	-	-
Gain (Loss) on Sale of Assets	-	-	0.1	0.01	-
Other Unusual Items	-	-	0.1	0.03	0
Pretax Income	15.18	16	13.56	9.13	7.67
Income Tax Expense	1.61	1.77	1.53	0.96	0.78
Earnings From Continuing Operations	13.57	14.24	12.03	8.17	6.89
Minority Interest in Earnings	0.04	-0.04	-0.03	0.03	-
Net Income	13.6	14.2	12	8.19	6.89
Net Income to Common	13.6	14.2	12	8.19	6.89
Net Income Growth	-4.20%	18.36%	46.46%	18.91%	37.18%
Shares Outstanding (Basic)	11	11	10	10	4
Shares Outstanding (Diluted)	11	11	10	10	4
Shares Change (YoY)	4.87%	4.89%	-	189.81%	137.16%
EPS (Basic)	1.20	1.31	1.16	0.79	1.94
EPS (Diluted)	1.20	1.31	1.16	0.79	1.94
EPS Growth	-8.65%	12.84%	46.46%	-58.97%	-42.16%
Free Cash Flow	-16.35	-8.12	0.48	-3.55	1.03
Free Cash Flow Per Share	-1.44	-0.75	0.05	-0.34	0.29
Dividend Per Share	-	0.240	0.220	0.200	-
Dividend Growth	-	9.09%	10.00%	-	-
Gross Margin	48.51%	51.47%	48.65%	46.70%	48.51%
Operating Margin	12.75%	17.26%	16.74%	16.36%	16.62%
Profit Margin	10.76%	15.27%	14.82%	14.43%	14.51%
Free Cash Flow Margin	-12.94%	-8.73%	0.59%	-6.26%	2.17%
EBITDA	19.81	18.63	15.53	10.77	9.05
EBITDA Margin	15.67%	20.03%	19.17%	18.98%	19.06%
D&A For EBITDA	3.7	2.58	1.97	1.48	1.16
EBIT	16.11	16.06	13.55	9.29	7.89
EBIT Margin	12.75%	17.26%	16.74%	16.36%	16.62%
Effective Tax Rate	10.61%	11.04%	11.30%	10.52%	10.18%
Advertising Expenses	-	-	1.45	1.05	0.79

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.