Armax Gaz Income Statement

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

Millions RON. 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Operating Revenue	52.12	20.3	30.97	32.4	11.44
Other Revenue	5.64	1.93	0.64	-	-
Revenue	57.77	22.23	31.61	32.4	11.44
Revenue Growth (YoY)	159.89%	-29.69%	-2.44%	183.36%	-46.43%
Cost of Revenue	15.54	-6.48	1.76	13.09	5.36
Gross Profit	42.23	28.71	29.85	19.31	6.07
Selling, General & Admin	26.31	18.13	15.34	11.01	7.75
Other Operating Expenses	12.01	7.37	11.63	6.22	2.36
Operating Expenses	39.87	27	28.42	18.57	11.5
Operating Income	2.36	1.71	1.42	0.75	-5.43
Interest Expense	-	-	-0.11	-0.05	-0.12
Interest & Investment Income	0.01	-	0.01	0.01	0
Other Non Operating Income (Expenses)	-0.03	-0.03	-0.02	-0.01	-0
EBT Excluding Unusual Items	2.33	1.68	1.31	0.69	-5.55
Asset Writedown	-	-	-	-	0
Pretax Income	2.33	1.68	1.31	0.69	-5.55
Income Tax Expense	0.14	0.11	-	-	-
Net Income	2.19	1.57	1.31	0.69	-5.55
Net Income to Common	2.19	1.57	1.31	0.69	-5.55
Net Income Growth	39.71%	20.14%	90.24%	-	-
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
EPS (Basic)	0.36	0.26	0.21	0.11	-0.90
EPS (Diluted)	0.36	0.26	0.21	0.11	-0.90
EPS Growth	39.71%	20.14%	90.24%	-	-
Free Cash Flow	-	-	-	0.96	2.54
Free Cash Flow Per Share	-	-	-	0.16	0.41
Gross Margin	73.10%	129.15%	94.42%	59.61%	53.10%
Operating Margin	4.08%	7.68%	4.50%	2.30%	-47.50%
Profit Margin	3.80%	7.06%	4.13%	2.12%	-48.51%
Free Cash Flow Margin	-	-	-	2.98%	22.19%
EBITDA	3.9	3.21	2.75	2.07	-4.04
EBITDA Margin	6.75%	14.43%	8.70%	6.40%	-35.36%
D&A For EBITDA	1.54	1.5	1.33	1.33	1.39
EBIT	2.36	1.71	1.42	0.75	-5.43
EBIT Margin	4.08%	7.68%	4.50%	2.30%	-47.50%
Effective Tax Rate	6.06%	6.52%	-	-	-
Revenue as Reported	92.35	47.6	48.33	39.94	12.64

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