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	Jun '26 Jun 30, 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	78.74	70.85	68.57	60.51	52.17	38.91
Other Revenue	0.52	0.03	0.02	0.04	0.07	0.91
Revenue	79.26	70.88	68.59	60.55	52.24	39.82
Revenue Growth	13.01%	3.34%	13.27%	15.91%	31.19%	174.17%
Cost of Revenue	11.14	10.23	7.72	5.08	3.82	2.01
Gross Profit	68.12	60.65	60.87	55.47	48.42	37.81
Selling, General & Admin	39.94	35.46	34.06	29.97	23.64	17.31
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.33
Other Operating Expenses	17.31	15.56	15.34	12.83	11.01	8.48
Operating Expenses	59.53	52.71	50.46	43.68	35.27	26.12
Operating Income	8.59	7.94	10.41	11.79	13.15	11.69
Interest Expense	-0.06	-0.06	-0.06	-0.05	-	-0.02
Interest & Investment Income	0.09	0.07	0.05	0.08	0.01	0.11
Currency Exchange Gain (Loss)	-0.02	-0.11	-0.05	0.02	-0.01	-
Other Non Operating Income (Expenses)	0.2	0.19	0.38	0.16	0.05	-
EBT Excluding Unusual Items	8.8	8.03	10.73	12	13.19	11.78
Gain (Loss) on Sale of Investments	-0.63	-0.59	-0.01	-	-	-
Pretax Income	8.27	7.44	10.73	12	13.19	11.78
Income Tax Expense	1.2	0.99	1.2	1.29	1.37	1.22
Earnings From Continuing Operations	7.07	6.45	9.52	10.71	11.82	10.56
Minority Interest in Earnings	0.31	0.05	-	-	-	-
Net Income	7.38	6.5	9.52	10.71	11.82	10.56
Net Income to Common	7.38	6.5	9.52	10.71	11.82	10.56
Net Income Growth	-14.12%	-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	-0.86%	-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	-13.37%	-31.19%	-11.01%	-39.95%	56.41%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	8.16	6.22	7.47	10.75	12.2	7.24
Free Cash Flow Per Share	0.64	0.48	0.58	0.83	1.42	0.60
Dividend Per Share	-	-	-	0.803	-	0.401
Dividend Growth	-	-	-	-	-	-
Gross Margin	85.94%	85.56%	88.75%	91.61%	92.68%	94.94%
Operating Margin	10.84%	11.20%	15.18%	19.47%	25.17%	29.35%
Profit Margin	9.30%	9.17%	13.88%	17.69%	22.63%	26.52%
Free Cash Flow Margin	10.29%	8.78%	10.89%	17.76%	23.36%	18.19%
EBITDA	9.88	9.36	11.23	12.46	13.76	12.02
EBITDA Margin	12.47%	13.21%	16.37%	20.57%	26.34%	30.18%
D&A For EBITDA	1.29	1.42	0.82	0.66	0.61	0.33
EBIT	8.59	7.94	10.41	11.79	13.15	11.69
EBIT Margin	10.84%	11.20%	15.18%	19.47%	25.17%	29.35%
Effective Tax Rate	14.52%	13.29%	11.23%	10.72%	10.42%	10.33%
Advertising Expenses	-	15.6	13.16	11.51	8.87	7.48