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

BVB:EFO Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	13.88	15.18	27.18	35.43	43.01
Other Revenue	0.97	0.9	0.24	9.95	2.47
Revenue	14.85	16.08	27.42	45.38	45.48
Revenue Growth (YoY)	-7.63%	-41.36%	-39.58%	-0.22%	96.89%
Cost of Revenue	1.96	2.15	7.05	30.78	28.58
Gross Profit	12.89	13.93	20.37	14.6	16.91
Selling, General & Admin	3.25	2.95	4.01	13.22	6.87
Other Operating Expenses	1.54	0.16	1.7	3.8	8.31
Operating Expenses	5.58	4.65	8.47	26.75	29.33
Operating Income	7.31	9.28	11.9	-12.15	-12.42
Interest Expense	-0.6	-0.55	-0.38	-0.5	-0.22
Interest & Investment Income	0.23	0.47	0.66	0.26	3.01
Other Non Operating Income (Expenses)	0	-	-0	0.2	-
EBT Excluding Unusual Items	6.94	9.2	12.18	-12.19	-9.62
Gain (Loss) on Sale of Investments	7.81	6	16.35	23.73	70.49
Gain (Loss) on Sale of Assets	11.89	4.28	12.63	-0.08	0.18
Asset Writedown	-5.55	-6.93	-4.48	-16.42	-
Pretax Income	21.1	12.55	36.68	-4.96	61.05
Income Tax Expense	6.7	2.81	2.13	1.5	10.32
Net Income	14.4	9.75	34.55	-6.46	50.72
Preferred Dividends & Other Adjustments	-	-	-	-	-0.41
Net Income to Common	14.4	9.75	34.55	-6.46	51.13
Net Income Growth	47.79%	-71.79%	-	-	1040.25%
Shares Outstanding (Basic)	197	326	326	576	576
Shares Outstanding (Diluted)	197	326	326	576	576
Shares Change (YoY)	-39.55%	-	-43.48%	-	-0.51%
EPS (Basic)	0.07	0.03	0.11	-0.01	0.09
EPS (Diluted)	0.07	0.03	0.11	-0.01	0.09
EPS Growth	144.50%	-71.79%	-	-	1055.47%
Free Cash Flow	2.83	6.26	9.6	-0.35	0.32
Free Cash Flow Per Share	0.01	0.02	0.03	-0.00	0.00
Dividend Per Share	0.073	0.030	-	0.022	-
Dividend Growth	144.49%	-	-	-	-
Gross Margin	86.80%	86.63%	74.30%	32.17%	37.17%
Operating Margin	49.24%	57.71%	43.41%	-26.77%	-27.30%
Profit Margin	96.98%	60.61%	126.01%	-14.24%	112.41%
Free Cash Flow Margin	19.03%	38.95%	35.02%	-0.78%	0.70%
EBITDA	8.11	10.81	14.67	-2.41	1.66
EBITDA Margin	54.60%	67.25%	53.50%	-5.32%	3.65%
D&A For EBITDA	0.8	1.53	2.77	9.73	14.08
EBIT	7.31	9.28	11.9	-12.15	-12.42
EBIT Margin	49.24%	57.71%	43.41%	-26.77%	-27.30%
Effective Tax Rate	31.74%	22.37%	5.80%	-	16.91%
Revenue as Reported	62.46	33.31	68.31	69.58	117.05
Advertising Expenses	0.03	0.03	0.03	0.72	0.33

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