Bang & Olufsen Income Statement

Financials in millions DKK. Fiscal year is June - May.

Millions DKK. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	2,504	2,553	2,588	2,752	2,948	2,629
Revenue Growth (YoY)	-0.28%	-1.35%	-5.96%	-6.65%	12.13%	29.13%
Cost of Revenue	1,079	1,148	1,205	1,535	1,609	1,485
Gross Profit	1,425	1,405	1,383	1,217	1,339	1,144
Selling, General & Admin	1,112	1,040	1,047	1,031	1,009	857
Research & Development	351	339	275	291	276	247
Operating Expenses	1,463	1,379	1,322	1,322	1,285	1,104
Operating Income	-38	26	61	-105	54	40
Interest Expense	-52	-72	-57	-36	-22	-23
Interest & Investment Income	36	51	41	22	10	6
Currency Exchange Gain (Loss)	3	3	-11	-	-25	-17
Other Non Operating Income (Expenses)	4	4	2	-8	-5	-11
EBT Excluding Unusual Items	-47	12	36	-127	12	-5
Gain (Loss) on Sale of Investments	-	-	-	-6	-12	-7
Other Unusual Items	-10	-10	-43	-19	-8	-21
Pretax Income	-57	2	-7	-152	-8	-33
Income Tax Expense	32	31	10	-11	22	-10
Earnings From Continuing Operations	-89	-29	-17	-141	-30	-23
Net Income	-89	-29	-17	-141	-30	-23
Net Income to Common	-89	-29	-17	-141	-30	-23
Shares Outstanding (Basic)	137	147	123	123	123	123
Shares Outstanding (Diluted)	137	147	123	123	123	123
Shares Change (YoY)	11.27%	20.00%	-	-	-	200.57%
EPS (Basic)	-0.65	-0.20	-0.14	-1.15	-0.24	-0.19
EPS (Diluted)	-0.65	-0.20	-0.14	-1.15	-0.24	-0.20
Free Cash Flow	76	217	171	144	8	247
Free Cash Flow Per Share	0.56	1.47	1.39	1.17	0.07	2.01
Gross Margin	56.91%	55.03%	53.44%	44.22%	45.42%	43.52%
Operating Margin	-1.52%	1.02%	2.36%	-3.82%	1.83%	1.52%
Profit Margin	-3.55%	-1.14%	-0.66%	-5.12%	-1.02%	-0.88%
Free Cash Flow Margin	3.03%	8.50%	6.61%	5.23%	0.27%	9.40%
EBITDA	46	109	151	-22	135	106
EBITDA Margin	1.84%	4.27%	5.83%	-0.80%	4.58%	4.03%
D&A For EBITDA	84	83	90	83	81	66
EBIT	-38	26	61	-105	54	40
EBIT Margin	-1.52%	1.02%	2.36%	-3.82%	1.83%	1.52%
Effective Tax Rate	-	1550.00%	-	-	-	-

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.