Pandora 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	32,549	31,680	28,136	26,463	23,394
Revenue Growth (YoY)	2.74%	12.60%	6.32%	13.12%	23.07%
Cost of Revenue	6,802	6,391	6,012	6,273	5,590
Gross Profit	25,747	25,289	22,125	20,190	17,803
Selling, General & Admin	17,964	17,315	15,086	13,447	11,965
Total Operating Expenses	17,964	17,315	15,086	13,447	11,965
Operating Income	7,783	7,974	7,039	6,743	5,839
Interest Income	279	248	251	412	152
Interest Expense	-1,149	-1,297	-1,056	-622	-613
Total Non-Operating Income (Expense)	-870	-1,049	-805	-210	-461
Pretax Income	6,913	6,926	6,234	6,533	5,378
Provision for Income Taxes	1,671	1,699	1,494	1,504	1,218
Net Income	5,241	5,227	4,740	5,029	4,160
Net Income to Common	5,241	5,227	4,740	5,029	4,160
Net Income Growth	0.27%	10.27%	-5.75%	20.89%	114.65%
Shares Outstanding (Basic)	77	81	85	93	99
Shares Outstanding (Diluted)	77	81	86	94	100
Shares Change (YoY)	-4.61%	-6.00%	-8.13%	-6.00%	2.31%
EPS (Basic)	68.10	64.80	55.50	54.20	42.10
EPS (Diluted)	67.90	64.60	55.10	53.70	41.70
EPS Growth	5.11%	17.24%	2.61%	28.78%	109.55%
Shares Outstanding	74.58	78.82	82.21	89.4	95.74
Free Cash Flow	5,912	7,385	6,255	3,596	5,932
Free Cash Flow Growth	-19.95%	18.07%	73.94%	-39.38%	5.91%
Free Cash Flow Per Share	76.59	91.27	72.66	38.38	59.51
Dividends Per Share	22.000	20.000	18.000	16.000	16.000
Dividend Growth	10.00%	11.11%	12.50%	-	-
Gross Margin	79.10%	79.83%	78.64%	76.30%	76.10%
Operating Margin	23.91%	25.17%	25.02%	25.48%	24.96%
Profit Margin	16.10%	16.50%	16.85%	19.00%	17.78%
FCF Margin	18.16%	23.31%	22.23%	13.59%	25.36%
EBITDA	10,369	10,327	9,118	8,716	7,838
EBITDA Margin	31.86%	32.60%	32.41%	32.94%	33.50%
EBIT	7,783	7,974	7,039	6,743	5,839
EBIT Margin	23.91%	25.17%	25.02%	25.48%	24.96%
Effective Tax Rate	24.17%	24.53%	23.97%	23.02%	22.65%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.