CTT - Correios De Portugal, S.A. (ELI:CTT)

ELI:CTT Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,078	965.85	844.61	788.58	757.73	672.85
Other Revenue	188.76	211.16	166.18	112.52	83.34	65.65
Revenue	1,267	1,177	1,011	901.1	841.07	738.5
Revenue Growth (YoY)	15.19%	16.45%	12.17%	7.14%	13.89%	0.71%
Cost of Revenue	440.6	429.61	404.25	429.92	398.28	366.17
Gross Profit	826.25	747.4	606.54	471.19	442.79	372.33
Selling, General & Admin	588.83	503.66	394.02	343.22	330.36	256.14
Other Operating Expenses	15.36	14.29	33.08	8.12	6.09	7.66
Operating Expenses	684.72	594.48	500.1	420.31	397.19	331.76
Operating Income	141.52	152.92	106.44	50.87	45.6	40.57
Interest Expense	-68.77	-96.87	-50.73	-15.86	-10.59	-6.43
Interest & Investment Income	0.23	0.42	0.63	0.03	0.03	0.02
Earnings From Equity Investments	-0	-0	-0	-0.19	-2.56	-1.74
Currency Exchange Gain (Loss)	0.38	0.38	0.63	0.72	-0.33	-0.85
Other Non Operating Income (Expenses)	0.95	-	-0	-	-	-0.09
EBT Excluding Unusual Items	74.3	56.85	56.97	35.58	32.15	31.48
Merger & Restructuring Charges	-	-	-	-	0.77	-0.05
Gain (Loss) on Sale of Investments	0.12	-0.47	0.99	11.11	18.88	-8.54
Gain (Loss) on Sale of Assets	1.8	0.51	0.19	3.57	0.96	0.49
Asset Writedown	-12.29	0.19	3.64	-3.33	-2.08	0.21
Legal Settlements	-0.74	-0.74	-0.24	-0.21	0.13	-0.46
Pretax Income	63.2	56.34	61.54	46.71	50.81	23.13
Income Tax Expense	9.15	9.31	1.1	10.37	12.22	6.36
Earnings From Continuing Operations	54.05	47.03	60.44	36.34	38.59	16.77
Minority Interest in Earnings	-3.42	-1.5	0.07	0.06	-0.19	-0.1
Net Income	50.63	45.54	60.51	36.41	38.4	16.67
Net Income to Common	50.63	45.54	60.51	36.41	38.4	16.67
Net Income Growth	-3.99%	-24.75%	66.21%	-5.20%	130.39%	-42.91%
Shares Outstanding (Basic)	133	137	142	147	149	150
Shares Outstanding (Diluted)	133	137	142	147	149	150
Shares Change (YoY)	-2.62%	-3.38%	-3.67%	-1.32%	-0.57%	-
EPS (Basic)	0.38	0.33	0.43	0.25	0.26	0.11
EPS (Diluted)	0.38	0.33	0.43	0.25	0.26	0.11
EPS Growth	-1.23%	-22.68%	72.55%	-3.94%	134.09%	-42.10%
Free Cash Flow	111.92	911.17	991.94	143.95	36.53	257.59
Free Cash Flow Per Share	0.84	6.65	7.00	0.98	0.24	1.72
Dividend Per Share	0.170	0.170	0.170	0.125	0.120	0.085
Dividend Growth	-	-	36.00%	4.17%	41.18%	-
Gross Margin	65.22%	63.50%	60.01%	52.29%	52.65%	50.42%
Operating Margin	11.17%	12.99%	10.53%	5.65%	5.42%	5.49%
Profit Margin	4.00%	3.87%	5.99%	4.04%	4.57%	2.26%
Free Cash Flow Margin	8.83%	77.41%	98.13%	15.97%	4.34%	34.88%
EBITDA	156.57	174.3	126.69	72.36	65.63	61.75
EBITDA Margin	12.36%	14.81%	12.53%	8.03%	7.80%	8.36%
D&A For EBITDA	15.05	21.38	20.25	21.48	20.03	21.18
EBIT	141.52	152.92	106.44	50.87	45.6	40.57
EBIT Margin	11.17%	12.99%	10.53%	5.65%	5.42%	5.49%
Effective Tax Rate	14.47%	16.52%	1.78%	22.20%	24.04%	27.50%
Revenue as Reported	1,230	1,107	985.22	906.62	847.87	745.24

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