Turism, Hoteluri, Restaurante Marea Neagra S.A. (BVB:EFO)

BVB:EFO Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	14.54	15.18	27.18	35.43	43.01	21.32
Other Revenue	39.74	0.9	0.24	9.95	2.47	1.78
Revenue	54.28	16.08	27.42	45.38	45.48	23.1
Revenue Growth (YoY)	167.74%	-41.36%	-39.58%	-0.22%	96.89%	-52.88%
Cost of Revenue	2.26	2.72	7.05	30.78	28.58	19.43
Gross Profit	52.02	13.36	20.37	14.6	16.91	3.67
Selling, General & Admin	4.33	2.38	4.01	13.22	6.87	2.96
Other Operating Expenses	0.29	0.16	1.7	3.8	8.31	2.67
Operating Expenses	5.54	4.08	8.47	26.75	29.33	11.53
Operating Income	46.48	9.28	11.9	-12.15	-12.42	-7.86
Interest Expense	-0.72	-0.55	-0.38	-0.5	-0.22	-0
Interest & Investment Income	0.37	0.47	0.66	0.26	3.01	0.88
Other Non Operating Income (Expenses)	0	-	-0	0.2	-	-0
EBT Excluding Unusual Items	46.13	9.2	12.18	-12.19	-9.62	-6.99
Gain (Loss) on Sale of Investments	5.99	6	16.35	23.73	70.49	-
Gain (Loss) on Sale of Assets	-27.06	4.28	12.63	-0.08	0.18	13.6
Asset Writedown	-6.93	-6.93	-4.48	-16.42	-	-
Pretax Income	18.13	12.55	36.68	-4.96	61.05	6.61
Income Tax Expense	5.71	2.81	2.13	1.5	10.32	2.16
Net Income	12.42	9.75	34.55	-6.46	50.72	4.45
Preferred Dividends & Other Adjustments	-	-	-	-	-0.41	-
Net Income to Common	12.42	9.75	34.55	-6.46	51.13	4.45
Net Income Growth	-50.93%	-71.79%	-	-	1040.25%	-14.47%
Shares Outstanding (Basic)	-	326	326	576	576	579
Shares Outstanding (Diluted)	-	326	326	576	576	579
Shares Change (YoY)	-	-	-43.48%	-	-0.51%	-
EPS (Basic)	-	0.03	0.11	-0.01	0.09	0.01
EPS (Diluted)	-	0.03	0.11	-0.01	0.09	0.01
EPS Growth	-	-71.79%	-	-	1055.47%	-14.48%
Free Cash Flow	4.94	6.26	9.6	-0.35	0.32	-10.45
Free Cash Flow Per Share	-	0.02	0.03	-0.00	0.00	-0.02
Dividend Per Share	-	-	-	0.022	-	0.007
Dividend Growth	-	-	-	-	-	27.27%
Gross Margin	95.83%	83.07%	74.30%	32.17%	37.17%	15.88%
Operating Margin	85.62%	57.71%	43.41%	-26.77%	-27.30%	-34.04%
Profit Margin	22.89%	60.61%	126.01%	-14.24%	112.41%	19.25%
Free Cash Flow Margin	9.10%	38.95%	35.02%	-0.78%	0.70%	-45.21%
EBITDA	47.4	10.81	14.67	-2.41	1.66	-1.96
EBITDA Margin	87.32%	67.25%	53.50%	-5.32%	3.65%	-8.48%
D&A For EBITDA	0.92	1.53	2.77	9.73	14.08	5.9
EBIT	46.48	9.28	11.9	-12.15	-12.42	-7.86
EBIT Margin	85.62%	57.71%	43.41%	-26.77%	-27.30%	-34.04%
Effective Tax Rate	31.47%	22.37%	5.80%	-	16.91%	32.69%
Revenue as Reported	60.62	33.31	68.31	69.58	117.05	42.25
Advertising Expenses	-	0.03	0.03	0.72	0.33	0.03

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