SOCEP S.A. (BVB: SOCP)

SOCEP Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	209.84	203.75	139.65	80.88	66.44	76.92
Other Revenue	-	-	-	-	0.72	0.51
Revenue	209.84	203.75	139.65	80.88	67.16	77.43
Revenue Growth (YoY)	26.80%	45.91%	72.65%	20.44%	-13.27%	3.10%
Cost of Revenue	79.08	73.57	58.56	40.79	35.46	36.43
Gross Profit	130.75	130.18	81.09	40.09	31.69	41
Selling, General & Admin	23.82	27.01	17.03	17.05	9.92	9.47
Other Operating Expenses	-33.32	-31.98	1.22	-1.24	-0.16	1.64
Operating Expenses	15.26	18.23	35.95	26.25	19.28	20.85
Operating Income	115.49	111.95	45.14	13.85	12.42	20.15
Interest Expense	-1.84	-1.83	-1.9	-1.66	-1.33	-6.02
Interest & Investment Income	2.08	2.66	2.58	6.5	3.2	2.38
Currency Exchange Gain (Loss)	-0.61	-0.54	0.2	-2.6	-0.9	0.75
Other Non Operating Income (Expenses)	-3.55	0.02	0.05	0.03	-2.94	0.03
EBT Excluding Unusual Items	111.56	112.27	46.08	16.12	10.45	17.28
Gain (Loss) on Sale of Investments	-	-	-	-0.09	-0.01	-
Gain (Loss) on Sale of Assets	0.04	0.02	1.4	0.52	-0.29	0.35
Asset Writedown	0.47	0.47	1.09	-5.14	-4.51	-4.65
Pretax Income	112.06	112.75	48.56	11.4	5.64	12.98
Income Tax Expense	13.94	13.55	7.38	-0.02	0.18	1.5
Net Income	98.12	99.2	41.18	11.43	5.46	11.47
Net Income to Common	98.12	99.2	41.18	11.43	5.46	11.47
Net Income Growth	64.43%	140.87%	260.39%	109.15%	-52.38%	-30.61%
Shares Outstanding (Basic)	640	640	346	346	346	343
Shares Outstanding (Diluted)	640	640	346	346	346	343
Shares Change (YoY)	84.77%	84.77%	-	-	0.81%	-
EPS (Basic)	0.15	0.16	0.12	0.03	0.02	0.03
EPS (Diluted)	0.15	0.16	0.12	0.03	0.02	0.03
EPS Growth	-11.01%	30.36%	260.39%	109.15%	-52.77%	-30.61%
Free Cash Flow	38.46	58.52	33.48	-8.94	-51.25	-3.36
Free Cash Flow Per Share	0.06	0.09	0.10	-0.03	-0.15	-0.01
Dividend Per Share	-	-	-	0.008	0.014	-
Dividend Growth	-	-	-	-46.10%	-	-
Gross Margin	62.31%	63.89%	58.07%	49.57%	47.19%	52.95%
Operating Margin	55.04%	54.94%	32.32%	17.12%	18.49%	26.02%
Profit Margin	46.76%	48.69%	29.49%	14.13%	8.14%	14.82%
Free Cash Flow Margin	18.33%	28.72%	23.97%	-11.05%	-76.32%	-4.33%
EBITDA	134.22	129.17	56.94	24.27	21.89	29.57
EBITDA Margin	63.96%	63.40%	40.77%	30.00%	32.59%	38.18%
D&A For EBITDA	18.73	17.22	11.8	10.42	9.47	9.41
EBIT	115.49	111.95	45.14	13.85	12.42	20.15
EBIT Margin	55.04%	54.94%	32.32%	17.12%	18.49%	26.02%
Effective Tax Rate	12.44%	12.02%	15.20%	-	3.15%	11.59%
Advertising Expenses	-	0.31	0.22	0.11	0.09	0.15

Source: S&P Capital IQ. Standard template. Financial Sources.