Santierul Naval Constanta 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	Jan '25 Jan 1, 2025	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Revenue	309.19	102.46	146.1	317.29	207.39
Revenue Growth (YoY)	201.77%	-29.87%	-53.95%	52.99%	-8.69%
Cost of Revenue	188.47	-33.65	1.86	195.61	69.37
Gross Profit	120.72	136.11	144.24	121.68	138.02
Selling, General & Admin	94.29	84.08	72.99	67.27	59.47
Other Operating Expenses	64.67	93.17	55.38	26.16	76.33
Operating Expenses	167	184.61	134.42	99.07	141.97
Operating Income	-46.28	-48.5	9.81	22.61	-3.95
Interest Expense	-1.32	-1.78	-1.86	-1.3	-7.76
Interest & Investment Income	0.7	0.24	0.56	0.03	3.49
Other Non Operating Income (Expenses)	-3.76	-1.86	0.29	-2.43	-
EBT Excluding Unusual Items	-50.65	-51.9	8.82	18.91	-8.22
Pretax Income	-50.65	-51.9	8.82	18.91	-8.22
Income Tax Expense	-	-	1.21	-	0.53
Net Income	-50.65	-51.9	7.61	18.91	-8.75
Net Income to Common	-50.65	-51.9	7.61	18.91	-8.75
Net Income Growth	-	-	-59.76%	-	-
Shares Outstanding (Basic)	65	-	65	65	65
Shares Outstanding (Diluted)	65	-	65	65	65
EPS (Basic)	-0.78	-	0.12	0.29	-0.13
EPS (Diluted)	-0.78	-	0.12	0.29	-0.13
EPS Growth	-	-	-59.76%	-	-
Free Cash Flow	-26.23	3.7	27.95	36.63	-24.02
Free Cash Flow Per Share	-0.40	-	0.43	0.56	-0.37
Gross Margin	39.04%	132.84%	98.73%	38.35%	66.55%
Operating Margin	-14.97%	-47.34%	6.72%	7.13%	-1.91%
Profit Margin	-16.38%	-50.66%	5.21%	5.96%	-4.22%
Free Cash Flow Margin	-8.48%	3.61%	19.13%	11.54%	-11.58%
EBITDA	-38.24	-41.14	15.88	28.25	2.22
EBITDA Margin	-12.37%	-40.15%	10.87%	8.90%	1.07%
D&A For EBITDA	8.04	7.36	6.06	5.64	6.17
EBIT	-46.28	-48.5	9.81	22.61	-3.95
EBIT Margin	-14.97%	-47.34%	6.72%	7.13%	-1.91%
Effective Tax Rate	-	-	13.70%	-	-
Revenue as Reported	236.54	231.21	249.95	180.7	-
Advertising Expenses	0.36	0.28	0.32	0.24	0.16