Comvex 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	249.37	279.3	425.71	356.92	161.24
Other Revenue	-	-	-	25.21	8.54
Revenue	249.37	279.3	425.71	382.12	169.78
Revenue Growth (YoY)	-10.72%	-34.39%	11.40%	125.08%	81.19%
Cost of Revenue	115.17	102.57	126.04	126.36	72.62
Gross Profit	134.2	176.73	299.67	255.77	97.15
Selling, General & Admin	11.99	14.8	17.89	18.66	9.4
Other Operating Expenses	25.5	45.89	33.8	84.2	27.17
Operating Expenses	57.65	81.7	74.1	129.11	58.08
Operating Income	76.56	95.03	225.57	126.65	39.07
Interest Expense	-5	-7.05	-7.42	-4.01	-4.01
Interest & Investment Income	0.81	2.17	3.37	0	0
Other Non Operating Income (Expenses)	-2.13	0.59	1.11	1.7	-1.74
EBT Excluding Unusual Items	70.23	90.74	222.63	124.35	33.33
Gain (Loss) on Sale of Investments	0.32	0.04	-	-	-
Asset Writedown	-	0.17	-	-	-
Pretax Income	70.55	90.95	222.63	124.35	33.33
Income Tax Expense	7.09	12.13	32.91	19.99	0.94
Net Income	63.46	78.81	189.72	104.36	32.39
Net Income to Common	63.46	78.81	189.72	104.36	32.39
Net Income Growth	-19.48%	-58.46%	81.80%	222.22%	2662.21%
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	12	12	12
EPS (Basic)	5.44	6.76	16.28	8.95	2.78
EPS (Diluted)	5.44	6.76	16.28	8.95	2.78
EPS Growth	-19.48%	-58.46%	81.80%	222.22%	2662.24%
Free Cash Flow	28.14	37.53	183.07	124.65	29.99
Free Cash Flow Per Share	2.41	3.22	15.71	10.69	2.57
Dividend Per Share	-	3.400	10.724	14.720	0.723
Dividend Growth	-	-68.30%	-27.15%	1935.92%	-
Gross Margin	53.82%	63.28%	70.39%	66.93%	57.22%
Operating Margin	30.70%	34.02%	52.99%	33.14%	23.01%
Profit Margin	25.45%	28.22%	44.57%	27.31%	19.08%
Free Cash Flow Margin	11.29%	13.44%	43.00%	32.62%	17.67%
EBITDA	96.72	115.87	247.97	152.9	60.59
EBITDA Margin	38.78%	41.49%	58.25%	40.01%	35.69%
D&A For EBITDA	20.16	20.84	22.4	26.25	21.52
EBIT	76.56	95.03	225.57	126.65	39.07
EBIT Margin	30.70%	34.02%	52.99%	33.14%	23.01%
Effective Tax Rate	10.05%	13.34%	14.78%	16.07%	2.82%
Revenue as Reported	275.36	293.23	447.82	382.15	169.8
Advertising Expenses	1.68	2.22	2.74	2.54	1.12

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