SMART Tunisie Income Statement

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

Millions TND. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2020	FY 2019	FY 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Revenue	497.53	435.02	265,778	289,926	214,945
Revenue Growth (YoY)	14.37%	-99.84%	-8.33%	34.88%	-
Cost of Revenue	421.7	367.77	231,046	246,496	185,703
Gross Profit	75.84	67.25	34,732	43,431	29,242
Selling, General & Admin	20.89	20.74	6,301	5,551	4,985
Other Operating Expenses	6.47	5.76	2,174	3,338	2,700
Operating Expenses	34.07	32.55	11,671	12,921	9,383
Operating Income	41.77	34.71	23,060	30,510	19,858
Interest Expense	-7.03	-8.01	-7,136	-8,269	-12,165
Interest & Investment Income	0.62	0.38	151.58	435.41	-
Currency Exchange Gain (Loss)	0.98	-1.9	-1,702	-3,239	-
Other Non Operating Income (Expenses)	-7.63	-5.19	1,246	820.01	1,105
EBT Excluding Unusual Items	28.71	19.97	15,620	20,257	8,798
Gain (Loss) on Sale of Assets	0.28	0.19	107.37	543.05	-
Other Unusual Items	0.04	0.12	-	-	-
Pretax Income	29.03	20.28	15,728	20,800	8,798
Income Tax Expense	6.86	5.24	4,276	5,184	2,406
Earnings From Continuing Operations	22.17	15.04	11,452	15,616	6,392
Minority Interest in Earnings	-0.05	-0.01	-	-	-
Net Income	22.13	15.03	11,452	15,616	6,392
Net Income to Common	22.13	15.03	11,452	15,616	6,392
Net Income Growth	47.17%	-99.87%	-26.66%	144.29%	-
Shares Outstanding (Basic)	10	10	8	8	8
Shares Outstanding (Diluted)	10	10	8	8	8
Shares Change (YoY)	-	20.52%	-	-	-
EPS (Basic)	2.19	1.49	1363.30	1859.01	760.97
EPS (Diluted)	2.19	1.49	1363.30	1859.01	760.97
EPS Growth	47.17%	-99.89%	-26.66%	144.29%	-
Free Cash Flow	3.26	4	23,474	-6,187	-3,100
Free Cash Flow Per Share	0.32	0.40	2794.50	-736.52	-369.00
Dividend Per Share	-	-	0.952	1.193	0.464
Dividend Growth	-	-	-20.19%	156.92%	-
Gross Margin	15.24%	15.46%	13.07%	14.98%	13.60%
Operating Margin	8.39%	7.98%	8.68%	10.52%	9.24%
Profit Margin	4.45%	3.46%	4.31%	5.39%	2.97%
Free Cash Flow Margin	0.66%	0.92%	8.83%	-2.13%	-1.44%
EBITDA	46.98	38.16	24,044	31,376	21,400
EBITDA Margin	9.44%	8.77%	9.05%	10.82%	9.96%
D&A For EBITDA	5.21	3.46	983.09	866.33	1,542
EBIT	41.77	34.71	23,060	30,510	19,858
EBIT Margin	8.39%	7.98%	8.68%	10.52%	9.24%
Effective Tax Rate	23.62%	25.85%	27.19%	24.93%	27.35%
Revenue as Reported	498.61	436.3	266,112	290,434	215,083
Advertising Expenses	-	-	248.43	-	-

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