Bourse Direct 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
Interest and Dividend Income	36.79	39.86	31.52	6.19	3.56
Total Interest Expense	1.07	-	1.9	0.42	0.1
Net Interest Income	35.72	39.86	29.62	5.76	3.47
Brokerage Commission	39.15	35.18	34.09	39.58	40.46
Trading & Principal Transactions	-0.06	-0.02	-0.03	-0.01	-0.01
Other Revenue	1.22	1.35	2.91	2.69	2.43
Revenue Before Loan Losses	76.04	76.37	66.58	48.03	46.35
Provision for Loan Losses	0.01	0.23	0.14	0.05	0.03
Revenue	76.03	76.14	66.44	47.98	46.32
Revenue Growth (YoY)	-0.15%	14.60%	38.49%	3.57%	3.10%
Cost of Services Provided	44.26	44.98	39.72	35.77	32.34
Other Operating Expenses	1.77	1.76	1.68	1.47	1.4
Total Operating Expenses	49.43	50.17	44.63	40.15	36.33
Operating Income	26.6	25.97	21.82	7.82	9.99
EBT Excluding Unusual Items	26.68	25.97	21.81	7.74	9.9
Pretax Income	26.68	25.99	21.73	7.76	9.9
Income Tax Expense	6.85	6.71	5.62	1.89	2.74
Earnings From Continuing Ops.	19.83	19.29	16.12	5.87	7.16
Minority Interest in Earnings	-0.09	-0.15	-0.19	-0.19	-
Net Income	19.74	19.13	15.93	5.69	7.16
Net Income to Common	19.74	19.13	15.93	5.69	7.16
Net Income Growth	3.16%	20.09%	180.25%	-20.64%	15.79%
Shares Outstanding (Basic)	52	52	53	54	56
Shares Outstanding (Diluted)	52	52	53	54	56
Shares Change (YoY)	-0.41%	-2.05%	-1.44%	-3.61%	-0.99%
EPS (Basic)	0.38	0.37	0.30	0.11	0.13
EPS (Diluted)	0.38	0.37	0.30	0.11	0.13
EPS Growth	2.92%	23.07%	183.28%	-17.68%	16.95%
Free Cash Flow	15.96	16.28	22.24	9.44	-2.49
Free Cash Flow Per Share	0.31	0.31	0.42	0.18	-0.04
Dividend Per Share	0.240	0.200	0.160	0.080	0.070
Dividend Growth	20.00%	25.00%	100.00%	14.29%	40.00%
Operating Margin	34.99%	34.11%	32.83%	16.31%	21.57%
Profit Margin	25.96%	25.13%	23.98%	11.85%	15.47%
Free Cash Flow Margin	21.00%	21.38%	33.47%	19.67%	-5.38%
Effective Tax Rate	25.68%	25.80%	25.84%	24.30%	27.64%

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