IAR S.A. 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
Revenue	440.85	381.62	427.48	315.42	327.2
Revenue Growth (YoY)	15.52%	-10.73%	35.53%	-3.60%	27.67%
Cost of Revenue	301.05	257.3	262	212.15	234.02
Gross Profit	139.8	124.32	165.48	103.28	93.19
Selling, General & Admin	79.76	73.76	63.32	53.34	50.68
Other Operating Expenses	8.99	15.89	68.77	29.43	15.38
Operating Expenses	92.75	93.35	135.98	87.01	70.18
Operating Income	47.05	30.96	29.5	16.27	23.01
Interest Expense	-4.09	-1.3	-0.57	-3.09	-1.5
Interest & Investment Income	9.47	2.84	6.35	0.21	0.19
Earnings From Equity Investments	-	0.57	0.57	2.87	1.47
Currency Exchange Gain (Loss)	-	-2.05	-3.72	-1.07	-0.83
Other Non Operating Income (Expenses)	-	4.59	2.97	2.75	4.19
Pretax Income	52.42	35.61	35.12	17.94	26.52
Income Tax Expense	4.74	4.07	11.05	3.74	3.04
Net Income	47.68	31.54	24.07	14.2	23.49
Net Income to Common	47.68	31.54	24.07	14.2	23.49
Net Income Growth	51.15%	31.06%	69.53%	-39.55%	-30.85%
Shares Outstanding (Basic)	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18
EPS (Basic)	2.61	1.73	1.32	0.78	1.28
EPS (Diluted)	2.61	1.73	1.32	0.78	1.28
EPS Growth	51.15%	31.06%	69.53%	-39.55%	-30.85%
Free Cash Flow	56.94	-177.91	-128.27	248.31	-10.63
Free Cash Flow Per Share	3.12	-9.73	-7.02	13.59	-0.58
Dividend Per Share	-	0.290	0.640	0.291	0.300
Dividend Growth	-	-54.69%	119.93%	-3.00%	-29.01%
Gross Margin	31.71%	32.58%	38.71%	32.74%	28.48%
Operating Margin	10.67%	8.11%	6.90%	5.16%	7.03%
Profit Margin	10.82%	8.27%	5.63%	4.50%	7.18%
Free Cash Flow Margin	12.92%	-46.62%	-30.01%	78.72%	-3.25%
EBITDA	51.04	34.72	33.4	20.5	27.12
EBITDA Margin	11.58%	9.10%	7.81%	6.50%	8.29%
D&A For EBITDA	3.99	3.76	3.89	4.24	4.12
EBIT	47.05	30.96	29.5	16.27	23.01
EBIT Margin	10.67%	8.11%	6.90%	5.16%	7.03%
Effective Tax Rate	9.04%	11.42%	31.46%	20.87%	11.45%
Revenue as Reported	432.13	411.94	440.8	341.32	330.69

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