Passat Société Anonyme Income Statement

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

Millions EUR. 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
Operating Revenue	60.05	62.33	63.96	41.67	40.16
Other Revenue	0.25	-	-	-	-
Revenue	60.3	62.33	63.96	41.67	40.16
Revenue Growth (YoY)	-3.26%	-2.55%	53.49%	3.77%	10.50%
Cost of Revenue	42.24	43.38	43.47	29.15	27.45
Gross Profit	18.06	18.95	20.49	12.52	12.71
Selling, General & Admin	12.7	13.21	12.77	8.75	8.57
Other Operating Expenses	-0.95	-0.45	1.2	-0.85	-0.72
Operating Expenses	14.83	16.28	17.44	10.85	9.96
Operating Income	3.23	2.67	3.05	1.67	2.75
Interest Expense	-	-0.11	-0.03	-0.02	-0.02
Interest & Investment Income	-	0.74	0.47	0.19	0.12
Earnings From Equity Investments	-0.06	-0.1	-0.08	-0.63	-1.17
Currency Exchange Gain (Loss)	-	0.06	-0.05	0.21	0.01
Other Non Operating Income (Expenses)	0.06	-1.28	-0.29	-1.31	-0
EBT Excluding Unusual Items	3.23	1.97	3.08	0.11	1.69
Gain (Loss) on Sale of Investments	-	-	-	-2	-
Gain (Loss) on Sale of Assets	-	0.09	0.07	0.02	0.05
Other Unusual Items	-	0.01	-	5.98	0.01
Pretax Income	3.23	2.06	3.14	4.11	1.74
Income Tax Expense	0.61	0.83	0.69	0.52	0.7
Earnings From Continuing Operations	2.62	1.24	2.45	3.59	1.04
Minority Interest in Earnings	-0.2	-0.09	-0.26	-0.08	-0.27
Net Income	2.42	1.14	2.2	3.52	0.77
Net Income to Common	2.42	1.14	2.2	3.52	0.77
Net Income Growth	111.45%	-47.93%	-37.53%	357.35%	-65.36%
Shares Outstanding (Basic)	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4
Shares Change (YoY)	-0.78%	-	-0.54%	-	-
EPS (Basic)	0.62	0.29	0.56	0.89	0.19
EPS (Diluted)	0.62	0.29	0.56	0.89	0.19
EPS Growth	113.11%	-47.93%	-37.19%	357.35%	-65.36%
Free Cash Flow	6.78	-2.72	7.19	-0.29	-2.8
Free Cash Flow Per Share	1.74	-0.69	1.83	-0.07	-0.71
Gross Margin	29.95%	30.41%	32.04%	30.05%	31.64%
Operating Margin	5.36%	4.28%	4.77%	4.02%	6.84%
Profit Margin	4.01%	1.84%	3.44%	8.44%	1.92%
Free Cash Flow Margin	11.24%	-4.36%	11.24%	-0.71%	-6.96%
EBITDA	5.41	4.58	4.29	6.24	3.93
EBITDA Margin	8.98%	7.35%	6.71%	14.97%	9.78%
D&A For EBITDA	2.18	1.91	1.24	4.57	1.18
EBIT	3.23	2.67	3.05	1.67	2.75
EBIT Margin	5.36%	4.28%	4.77%	4.02%	6.84%
Effective Tax Rate	18.88%	40.05%	21.95%	12.67%	40.25%

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