Santierul Naval Orsova 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	117.27	93.58	96.63	57.27	73.33
Revenue Growth (YoY)	25.31%	-3.16%	68.73%	-21.90%	4.85%
Cost of Revenue	38.73	34.77	45.77	24.19	29.67
Gross Profit	78.54	58.82	50.87	33.08	43.65
Selling, General & Admin	45.1	34.84	30.45	24.3	29.7
Other Operating Expenses	18.11	10.89	11.12	9.55	9.46
Operating Expenses	69.58	52.19	47.3	37.83	43.8
Operating Income	8.96	6.63	3.57	-4.75	-0.14
Interest Expense	-0.2	-0.07	-0.06	-0.03	-0.04
Interest & Investment Income	0.8	0.84	0.2	0.05	0.03
Currency Exchange Gain (Loss)	0.47	0.16	0.18	0.51	0.57
Other Non Operating Income (Expenses)	0	-	-	0.06	0.12
EBT Excluding Unusual Items	10.03	7.56	3.89	-4.16	0.53
Gain (Loss) on Sale of Assets	0.39	-0.02	-0.01	-0.07	-0.02
Pretax Income	10.41	7.54	3.88	-4.23	0.51
Income Tax Expense	1.65	1.61	0.43	-0.02	0.66
Net Income	8.76	5.94	3.45	-4.22	-0.15
Net Income to Common	8.76	5.94	3.45	-4.22	-0.15
Net Income Growth	47.61%	71.88%	-	-	-
Shares Outstanding (Basic)	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11
EPS (Basic)	0.77	0.52	0.30	-0.37	-0.01
EPS (Diluted)	0.77	0.52	0.30	-0.37	-0.01
EPS Growth	47.61%	73.23%	-	-	-
Free Cash Flow	11.32	-1.76	6.64	1.37	-5.55
Free Cash Flow Per Share	0.99	-0.15	0.58	0.12	-0.48
Dividend Per Share	-	0.510	0.530	-	0.530
Dividend Growth	-	-3.77%	-	-	39.47%
Gross Margin	66.98%	62.85%	52.64%	57.76%	59.53%
Operating Margin	7.64%	7.08%	3.69%	-8.30%	-0.19%
Profit Margin	7.47%	6.34%	3.57%	-7.36%	-0.21%
Free Cash Flow Margin	9.65%	-1.88%	6.88%	2.39%	-7.56%
EBITDA	14.14	12.68	8.55	-0.97	4.17
EBITDA Margin	12.05%	13.54%	8.84%	-1.70%	5.68%
D&A For EBITDA	5.18	6.05	4.98	3.78	4.31
EBIT	8.96	6.63	3.57	-4.75	-0.14
EBIT Margin	7.64%	7.08%	3.69%	-8.30%	-0.19%
Effective Tax Rate	15.87%	21.29%	11.03%	-	130.12%
Revenue as Reported	125.13	100.04	99.84	58.31	74.67
Advertising Expenses	0.04	0.04	0.04	0.03	0.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.