Papirfabrikken Invest Income Statement

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

Millions DKK. 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	75.35	74.65	139.62	172.64	94.63
Revenue Growth (YoY)	0.94%	-46.53%	-19.12%	82.43%	8.41%
Cost of Revenue	27.42	26.09	52.94	55.9	40.25
Gross Profit	47.94	48.57	86.69	116.74	54.38
Selling, General & Admin	15.92	25.02	61.54	64.48	45.9
Other Operating Expenses	-0.31	-0.6	-37.43	-42.92	-6.27
Operating Expenses	18.78	26.98	34.21	31.53	48.11
Operating Income	29.15	21.59	52.48	85.2	6.27
Interest Expense	-13.67	-14.9	-13.87	-11.88	-6.21
Interest & Investment Income	2.14	1.26	1.81	0.06	0.02
Earnings From Equity Investments	-0.4	-0.1	-	-	-
Other Non Operating Income (Expenses)	-0.61	-0.56	-0.59	-0.57	-0.24
EBT Excluding Unusual Items	16.61	7.28	39.82	72.82	-0.15
Gain (Loss) on Sale of Investments	1.72	-	-	-	-
Asset Writedown	9.94	-0.71	1.31	1.86	5.11
Other Unusual Items	-	-	0.83	31.72	8.89
Pretax Income	28.28	6.58	41.95	106.39	13.85
Income Tax Expense	5.92	1.81	9.13	23.48	3.29
Earnings From Continuing Operations	22.35	4.76	32.82	82.91	10.56
Earnings From Discontinued Operations	-	139.26	-	-	-
Net Income	22.35	144.03	32.82	82.91	10.56
Net Income to Common	22.35	144.03	32.82	82.91	10.56
Net Income Growth	-84.48%	338.78%	-60.41%	685.07%	-53.15%
Shares Outstanding (Basic)	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10
EPS (Basic)	2.26	14.55	3.32	8.37	1.07
EPS (Diluted)	2.26	14.55	3.31	8.37	1.07
EPS Growth	-84.48%	338.78%	-60.41%	685.02%	-53.15%
Free Cash Flow	16.76	-30.74	-6.09	7.76	9.05
Free Cash Flow Per Share	1.69	-3.10	-0.61	0.78	0.91
Dividend Per Share	-	10.000	-	-	-
Gross Margin	63.62%	65.06%	62.09%	67.62%	57.46%
Operating Margin	38.69%	28.92%	37.58%	49.35%	6.62%
Profit Margin	29.67%	192.93%	23.51%	48.03%	11.16%
Free Cash Flow Margin	22.25%	-41.18%	-4.36%	4.50%	9.56%
EBITDA	32.33	24.15	65.73	95.88	15.82
EBITDA Margin	42.91%	32.34%	47.08%	55.54%	16.71%
D&A For EBITDA	3.18	2.56	13.26	10.67	9.55
EBIT	29.15	21.59	52.48	85.2	6.27
EBIT Margin	38.69%	28.92%	37.58%	49.35%	6.62%
Effective Tax Rate	20.94%	27.57%	21.76%	22.07%	23.76%

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