BUL:THQM Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	34.69	32.73	27.24	24.8	22.06	21.7
Other Revenue	-0.04	-	-	-	-	-
Revenue	34.65	32.73	27.24	24.8	22.06	21.7
Revenue Growth (YoY)	21.07%	20.17%	9.83%	12.46%	1.65%	5.84%
Cost of Revenue	10.45	9.79	10.42	17.15	6.55	15.73
Gross Profit	24.21	22.94	16.82	7.66	15.51	5.97
Selling, General & Admin	17.95	17.55	12.68	3.75	12.26	2.9
Other Operating Expenses	0.37	0.34	0.15	0.42	-0.14	0.33
Operating Expenses	19.84	19.37	14.12	5.61	13.95	5.22
Operating Income	4.37	3.58	2.7	2.05	1.56	0.75
Interest Expense	-0.22	-0.23	-0.3	-0.28	-0.14	-0.14
Interest & Investment Income	0.3	0.3	0.24	0.24	0.24	0.23
Currency Exchange Gain (Loss)	-	-	-0.04	-0	-0.03	-0.03
Other Non Operating Income (Expenses)	-0.02	-0.02	-0.02	-0.02	-0.02	-0.01
EBT Excluding Unusual Items	4.42	3.63	2.58	1.98	1.6	0.8
Pretax Income	4.42	3.63	2.58	1.98	1.6	0.8
Income Tax Expense	0.35	0.34	0.28	0.24	0.17	0.09
Net Income	4.07	3.29	2.3	1.74	1.43	0.71
Net Income to Common	4.07	3.29	2.3	1.74	1.43	0.71
Net Income Growth	53.39%	42.87%	32.46%	21.89%	99.78%	226.30%
Shares Outstanding (Basic)	91	96	96	93	93	93
Shares Outstanding (Diluted)	91	96	96	93	93	93
Shares Change (YoY)	-9.31%	-	3.38%	-	-	38.72%
EPS (Basic)	0.04	0.03	0.02	0.02	0.02	0.01
EPS (Diluted)	0.04	0.03	0.02	0.02	0.02	0.01
EPS Growth	69.14%	42.87%	28.13%	21.90%	99.78%	135.25%
Free Cash Flow	1.63	1.27	0.61	0.49	0.45	0.23
Free Cash Flow Per Share	0.02	0.01	0.01	0.01	0.01	0.00
Gross Margin	69.86%	70.08%	61.76%	30.87%	70.31%	27.49%
Operating Margin	12.60%	10.92%	9.92%	8.26%	7.06%	3.43%
Profit Margin	11.75%	10.05%	8.45%	7.01%	6.47%	3.29%
Free Cash Flow Margin	4.69%	3.87%	2.25%	1.97%	2.04%	1.06%
EBITDA	5.64	4.81	3.98	3.48	3.26	2.71
EBITDA Margin	16.28%	14.68%	14.62%	14.04%	14.78%	12.50%
D&A For EBITDA	1.28	1.23	1.28	1.43	1.7	1.97
EBIT	4.37	3.58	2.7	2.05	1.56	0.75
EBIT Margin	12.60%	10.92%	9.92%	8.26%	7.06%	3.43%
Effective Tax Rate	7.95%	9.31%	10.73%	12.14%	10.92%	10.74%
Revenue as Reported	34.68	32.76	-	-	-	21.76

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