BUL:TIB 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	74.64	70.85	68.57	60.51	52.17	38.91
Other Revenue	0.01	0.03	0.02	0.04	0.07	0.91
Revenue	74.64	70.88	68.59	60.55	52.24	39.82
Revenue Growth (YoY)	7.74%	3.34%	13.27%	15.91%	31.19%	174.17%
Cost of Revenue	10.64	10.23	7.72	5.08	3.82	2.01
Gross Profit	64.01	60.65	60.87	55.47	48.42	37.81
Selling, General & Admin	37.14	35.46	34.06	29.97	23.64	17.31
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.33
Other Operating Expenses	16.1	15.56	15.34	12.83	11.01	8.48
Operating Expenses	55.24	52.71	50.46	43.68	35.27	26.12
Operating Income	8.77	7.94	10.41	11.79	13.15	11.69
Interest Expense	-0.04	-0.06	-0.06	-0.05	-	-0.02
Interest & Investment Income	0.07	0.07	0.05	0.08	0.01	0.11
Currency Exchange Gain (Loss)	-0.12	-0.11	-0.05	0.02	-0.01	-
Other Non Operating Income (Expenses)	0.31	0.19	0.38	0.16	0.05	-
EBT Excluding Unusual Items	8.99	8.03	10.73	12	13.19	11.78
Gain (Loss) on Sale of Investments	-0.6	-0.59	-0.01	-	-	-
Pretax Income	8.39	7.44	10.73	12	13.19	11.78
Income Tax Expense	1.09	0.99	1.2	1.29	1.37	1.22
Earnings From Continuing Operations	7.3	6.45	9.52	10.71	11.82	10.56
Minority Interest in Earnings	0.12	0.05	-	-	-	-
Net Income	7.42	6.5	9.52	10.71	11.82	10.56
Net Income to Common	7.42	6.5	9.52	10.71	11.82	10.56
Net Income Growth	-20.02%	-31.76%	-11.10%	-9.37%	11.92%	179.79%
Shares Outstanding (Basic)	13	13	13	13	9	12
Shares Outstanding (Diluted)	13	13	13	13	9	12
Shares Change (YoY)	-2.49%	-0.84%	-0.10%	50.93%	-28.44%	-
EPS (Basic)	0.58	0.51	0.74	0.83	1.38	0.88
EPS (Diluted)	0.58	0.51	0.74	0.83	1.38	0.88
EPS Growth	-17.97%	-31.19%	-11.01%	-39.95%	56.41%	-
Free Cash Flow	7.53	6.22	7.47	10.75	12.2	7.24
Free Cash Flow Per Share	0.59	0.48	0.58	0.83	1.42	0.60
Dividend Per Share	-	-	-	0.803	-	0.401
Gross Margin	85.75%	85.56%	88.75%	91.61%	92.68%	94.94%
Operating Margin	11.74%	11.20%	15.18%	19.47%	25.17%	29.35%
Profit Margin	9.94%	9.17%	13.88%	17.69%	22.63%	26.52%
Free Cash Flow Margin	10.09%	8.78%	10.89%	17.76%	23.36%	18.19%
EBITDA	10.49	9.36	11.23	12.46	13.76	12.02
EBITDA Margin	14.05%	13.21%	16.37%	20.57%	26.34%	30.18%
D&A For EBITDA	1.72	1.42	0.82	0.66	0.61	0.33
EBIT	8.77	7.94	10.41	11.79	13.15	11.69
EBIT Margin	11.74%	11.20%	15.18%	19.47%	25.17%	29.35%
Effective Tax Rate	13.05%	13.29%	11.23%	10.72%	10.42%	10.33%
Advertising Expenses	-	15.6	13.16	11.51	8.87	7.48