BUL:THQM 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	63.99	53.14	48.51	43.15	42.43
Revenue	63.99	53.14	48.51	43.15	42.43
Revenue Growth (YoY)	20.42%	9.54%	12.44%	1.69%	5.80%
Cost of Revenue	19.15	20.32	33.54	12.81	30.77
Gross Profit	44.85	32.82	14.98	30.34	11.67
Selling, General & Admin	34.31	24.73	7.33	23.99	5.68
Other Operating Expenses	0.67	0.3	0.83	-0.27	0.65
Operating Expenses	37.86	27.55	10.97	27.29	10.21
Operating Income	6.99	5.27	4.01	3.05	1.46
Interest Expense	-0.44	-0.59	-0.55	-0.28	-0.27
Interest & Investment Income	0.58	0.48	0.46	0.47	0.46
Currency Exchange Gain (Loss)	-	-0.09	-0.01	-0.07	-0.06
Other Non Operating Income (Expenses)	-0.04	-0.04	-0.04	-0.04	-0.02
EBT Excluding Unusual Items	7.09	5.03	3.87	3.13	1.56
Pretax Income	7.09	5.03	3.87	3.13	1.56
Income Tax Expense	0.66	0.54	0.47	0.34	0.17
Net Income	6.43	4.49	3.4	2.79	1.4
Net Income to Common	6.43	4.49	3.4	2.79	1.4
Net Income Growth	43.17%	32.12%	21.86%	99.86%	226.17%
Shares Outstanding (Basic)	96	96	93	93	93
Shares Outstanding (Diluted)	96	96	93	93	93
Shares Change (YoY)	-	3.38%	-	-	38.72%
EPS (Basic)	0.07	0.05	0.04	0.03	0.02
EPS (Diluted)	0.07	0.05	0.04	0.03	0.02
EPS Growth	43.17%	27.80%	21.87%	99.86%	135.13%
Free Cash Flow	2.48	1.2	0.96	0.88	0.45
Free Cash Flow Per Share	0.03	0.01	0.01	0.01	0.01
Gross Margin	70.08%	61.76%	30.87%	70.31%	27.49%
Operating Margin	10.92%	9.92%	8.26%	7.06%	3.43%
Profit Margin	10.05%	8.45%	7.01%	6.47%	3.29%
Free Cash Flow Margin	3.87%	2.25%	1.97%	2.04%	1.06%
EBITDA	9.4	7.77	6.81	6.38	5.3
EBITDA Margin	14.68%	14.62%	14.04%	14.78%	12.50%
D&A For EBITDA	2.41	2.5	2.8	3.33	3.85
EBIT	6.99	5.27	4.01	3.05	1.46
EBIT Margin	10.92%	9.92%	8.26%	7.06%	3.43%
Effective Tax Rate	9.31%	10.73%	12.14%	10.92%	10.74%
Revenue as Reported	64.04	-	-	-	42.56

Source: S&P Global Market Intelligence. Standard template. Financial Sources.