Automobile Réseau Tunisien et Services S.A. (BVMT:ARTES)

BVMT:ARTES Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	370.72	307.46	178.71	175.33	270.15	212.27
Other Revenue	0.23	0.19	0.28	0.31	0.26	0.14
Revenue	370.96	307.65	178.99	175.64	270.41	212.41
Revenue Growth (YoY)	68.44%	71.88%	1.91%	-35.05%	27.31%	-13.15%
Cost of Revenue	296.9	243.32	138.04	130.91	209.5	162.42
Gross Profit	74.05	64.33	40.95	44.73	60.92	49.99
Selling, General & Admin	9.77	9.7	9.4	8.48	8.52	7.88
Other Operating Expenses	4.51	4.35	3.52	2.96	3.91	3.68
Operating Expenses	16.47	16.85	14.06	12.66	14.19	12.67
Operating Income	57.58	47.49	26.89	32.07	46.73	37.32
Interest & Investment Income	12.12	12.56	15.98	13.67	8.32	6.78
Earnings From Equity Investments	-	-	-	0.43	0.41	0.37
Currency Exchange Gain (Loss)	1.42	1.42	0.15	-0.02	0.05	0.18
Other Non Operating Income (Expenses)	-1.08	-0.49	-0.17	-0.43	-0.11	0.1
EBT Excluding Unusual Items	70	60.98	42.85	45.72	55.4	44.75
Gain (Loss) on Sale of Assets	0.16	0.16	0	0	0	0.02
Other Unusual Items	-0.46	0	-0.61	0.09	0.11	-0.41
Pretax Income	69.7	61.14	42.24	45.82	55.51	44.36
Income Tax Expense	22.5	18.46	14.79	16.02	13.57	10.55
Earnings From Continuing Operations	47.21	42.68	27.46	29.8	41.94	33.81
Minority Interest in Earnings	-0.49	-0.49	-0.54	-0.62	-0.64	-0.57
Net Income	46.71	42.19	26.91	29.18	41.29	33.24
Net Income to Common	46.71	42.19	26.91	29.18	41.29	33.24
Net Income Growth	21.49%	56.78%	-7.78%	-29.33%	24.23%	10.76%
Shares Outstanding (Basic)	-	38	38	38	38	38
Shares Outstanding (Diluted)	-	38	38	38	38	38
EPS (Basic)	-	1.10	0.70	0.76	1.08	0.87
EPS (Diluted)	-	1.10	0.70	0.76	1.08	0.87
EPS Growth	-	56.78%	-7.78%	-29.33%	24.23%	-
Free Cash Flow	51.59	78.17	-10.52	82.4	61.06	13.85
Free Cash Flow Per Share	-	2.04	-0.28	2.15	1.60	0.36
Dividend Per Share	-	-	-	1.000	0.800	0.800
Dividend Growth	-	-	-	25.00%	-	-
Gross Margin	19.96%	20.91%	22.88%	25.47%	22.53%	23.53%
Operating Margin	15.52%	15.43%	15.02%	18.26%	17.28%	17.57%
Profit Margin	12.59%	13.71%	15.04%	16.61%	15.27%	15.65%
Free Cash Flow Margin	13.91%	25.41%	-5.88%	46.91%	22.58%	6.52%
EBITDA	58.56	49.06	27.98	33.14	47.78	38.19
EBITDA Margin	15.79%	15.95%	15.63%	18.87%	17.67%	17.98%
D&A For EBITDA	0.98	1.58	1.1	1.06	1.06	0.87
EBIT	57.58	47.49	26.89	32.07	46.73	37.32
EBIT Margin	15.52%	15.43%	15.02%	18.26%	17.28%	17.57%
Effective Tax Rate	32.27%	30.19%	35.00%	34.96%	24.45%	23.78%
Revenue as Reported	371.35	308.04	179.39	176.06	270.74	212.87

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