Norofert Income Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	38.85	45.28	40.28	70.68	51.96	24.38
Other Revenue	5.18	5.18	3.8	2.76	1	0.7
Revenue	44.03	50.46	44.08	73.44	52.97	25.08
Revenue Growth (YoY)	1.07%	14.47%	-39.98%	38.66%	111.23%	68.27%
Cost of Revenue	16.03	26.57	24.3	37.14	27.32	5.97
Gross Profit	28	23.89	19.78	36.31	25.64	19.11
Selling, General & Admin	5.5	5.23	6.57	4.74	4.73	4.33
Other Operating Expenses	8.25	9.02	11.76	14.6	9.34	5.7
Operating Expenses	17.39	16.81	19.78	21.51	16	11.14
Operating Income	10.61	7.07	0	14.79	9.65	7.97
Interest Expense	-3.62	-3.52	-4.15	-2.81	-1.08	-3.39
Interest & Investment Income	0.08	0.07	0.22	0.24	-	0.23
Other Non Operating Income (Expenses)	-	-	-	0	-0.1	0.02
Pretax Income	7.08	3.62	-3.93	12.23	8.47	4.82
Income Tax Expense	0.71	0.38	0.02	1.66	1.38	1.01
Net Income	6.36	3.24	-3.95	10.57	7.09	3.8
Net Income to Common	6.36	3.24	-3.95	10.57	7.09	3.8
Net Income Growth	-	-	-	49.06%	86.38%	-17.72%
Shares Outstanding (Basic)	-	17	17	17	-	16
Shares Outstanding (Diluted)	-	17	17	17	-	16
Shares Change (YoY)	-	1.36%	-	-	-	-
EPS (Basic)	-	0.19	-0.23	0.62	-	0.24
EPS (Diluted)	-	0.19	-0.23	0.62	-	0.24
EPS Growth	-	-	-	-	-	-17.72%
Free Cash Flow	-	-6.37	0.23	-6.94	-	-
Free Cash Flow Per Share	-	-0.37	0.01	-0.41	-	-
Gross Margin	63.59%	47.34%	44.87%	49.44%	48.41%	76.19%
Operating Margin	24.10%	14.02%	0.01%	20.14%	18.21%	31.77%
Profit Margin	14.45%	6.42%	-8.96%	14.39%	13.38%	15.17%
Free Cash Flow Margin	-	-12.62%	0.53%	-9.45%	-	-
EBITDA	13.07	9.26	1.84	16.01	11.57	9.08
EBITDA Margin	29.68%	18.35%	4.17%	21.80%	21.85%	36.19%
D&A For EBITDA	2.45	2.19	1.83	1.22	1.93	1.11
EBIT	10.61	7.07	0	14.79	9.65	7.97
EBIT Margin	24.10%	14.02%	0.01%	20.14%	18.21%	31.77%
Effective Tax Rate	10.10%	10.42%	-	13.59%	16.30%	21.04%
Revenue as Reported	49.52	52.55	46.1	77.35	48.99	31.18

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