BUL:VAM Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	7.16	6.83	6.81	7.09	6.98	7.26
Total Revenue	7.16	6.83	6.81	7.09	6.98	7.26
Revenue Growth (YoY	5.23%	0.25%	-3.82%	1.55%	-3.87%	-7.28%
Property Expenses	0.37	0.36	0.43	0.03	0.03	0.04
Selling, General & Administrative	1.01	0.82	0.98	1.39	1.39	1.74
Depreciation & Amortization	1.01	0.9	0.81	1.14	0.82	0.81
Other Operating Expenses	1.7	1.75	1.87	2.17	1.94	1.66
Total Operating Expenses	4.08	3.84	4.09	4.72	4.19	4.25
Operating Income	3.08	2.99	2.73	2.36	2.79	3.01
Interest Expense	-4.37	-4.39	-4.47	-3.83	-3.38	-2.08
Interest & Investment Income	1.76	1.67	1.7	1.22	1.29	1.68
Other Non-Operating Income	0.39	-0.16	-0.2	-0.15	-0.16	-0.79
EBT Excluding Unusual Items	0.87	0.11	-0.24	-0.4	0.53	1.82
Impairment of Goodwill	-0.11	-0.11	-0.11	-	-	-
Gain (Loss) on Sale of Investments	-0.61	-0.61	0.1	-	-0.65	-0.72
Other Unusual Items	0	0	0	0.11	0.02	0.02
Pretax Income	0.16	-0.6	-0.25	-0.29	-0.1	1.12
Income Tax Expense	0.03	0.03	-0.19	0.01	0.03	0.96
Earnings From Continuing Operations	0.13	-0.63	-0.06	-0.3	-0.13	0.16
Earnings From Discontinued Operations	0.03	0.02	-	-	-	-
Net Income to Company	0.16	-0.61	-0.06	-0.3	-0.13	0.16
Minority Interest in Earnings	0	0	0.02	0.02	-0	-
Net Income	0.16	-0.6	-0.05	-0.28	-0.13	0.16
Net Income to Common	0.16	-0.6	-0.05	-0.28	-0.13	0.16
Net Income Growth	-	-	-	-	-	-88.27%
Basic Shares Outstanding	69	69	69	69	69	69
Diluted Shares Outstanding	69	69	69	69	69	69
EPS (Basic)	0.00	-0.01	-0.00	-0.00	-0.00	0.00
EPS (Diluted)	0.00	-0.01	-0.00	-0.00	-0.00	0.00
EPS Growth	-	-	-	-	-	-88.27%
Operating Margin	43.05%	43.76%	40.01%	33.34%	39.96%	41.43%
Profit Margin	2.27%	-8.84%	-0.66%	-3.88%	-1.91%	2.25%
EBITDA	3.92	3.8	3.44	3.4	3.5	3.7
EBITDA Margin	54.76%	55.58%	50.43%	48.05%	50.21%	50.94%
D&A For Ebitda	0.84	0.81	0.71	1.04	0.72	0.69
EBIT	3.08	2.99	2.73	2.36	2.79	3.01
EBIT Margin	43.05%	43.76%	40.01%	33.34%	39.96%	41.43%
Effective Tax Rate	20.76%	-	-	-	-	85.47%

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