Befesa 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
Revenue	1,183	1,239	1,181	1,136	821.61
Revenue Growth (YoY)	-4.55%	4.95%	3.92%	38.27%	35.95%
Cost of Revenue	943.2	724.86	724.4	696.56	458.8
Gross Profit	239.4	514.17	456.2	439.47	362.81
Other Operating Expenses	-	309.61	291.95	289.87	179.22
Operating Expenses	100.3	392.98	372.62	357.95	232.7
Operating Income	139.1	121.19	83.58	81.52	130.11
Interest Expense	-26.2	-39.77	-35.79	-22.81	-15.36
Interest & Investment Income	-	1.48	2.64	0.75	0.34
Currency Exchange Gain (Loss)	-	7.23	-2.18	-6.71	8.63
Other Non Operating Income (Expenses)	3.4	-6.95	-3.21	0.76	-9.22
EBT Excluding Unusual Items	116.3	83.19	45.05	53.51	114.51
Merger & Restructuring Charges	-	-	-	-	-7.8
Gain (Loss) on Sale of Investments	-	-	-0.04	-6.41	-
Asset Writedown	-	-8.34	-1.51	-2.06	-0.87
Other Unusual Items	-	-	20.5	51.63	-
Pretax Income	116.3	74.85	68.07	130.34	111.85
Income Tax Expense	35.8	20.76	10.5	23.84	9.5
Earnings From Continuing Operations	80.5	54.09	57.57	106.5	102.35
Net Income to Company	80.5	54.09	57.57	106.5	102.35
Minority Interest in Earnings	-	-3.27	0.4	-0.28	-2.61
Net Income	80.5	50.82	57.97	106.22	99.75
Net Income to Common	80.5	50.82	57.97	106.22	99.75
Net Income Growth	58.40%	-12.34%	-45.42%	6.49%	109.51%
Shares Outstanding (Basic)	40	40	40	40	37
Shares Outstanding (Diluted)	40	40	40	40	37
Shares Change (YoY)	0.12%	-	-	7.28%	9.45%
EPS (Basic)	2.01	1.27	1.45	2.66	2.68
EPS (Diluted)	2.01	1.27	1.45	2.66	2.68
EPS Growth	58.20%	-12.34%	-45.42%	-0.74%	91.43%
Free Cash Flow	-	117.38	46.04	33.14	42.37
Free Cash Flow Per Share	-	2.93	1.15	0.83	1.14
Dividend Per Share	-	0.640	0.730	1.250	1.250
Dividend Growth	-	-12.33%	-41.60%	-	6.84%
Gross Margin	20.24%	41.50%	38.64%	38.69%	44.16%
Operating Margin	11.76%	9.78%	7.08%	7.18%	15.84%
Profit Margin	6.81%	4.10%	4.91%	9.35%	12.14%
Free Cash Flow Margin	-	9.47%	3.90%	2.92%	5.16%
EBITDA	220.9	189.83	150.12	138.02	175.75
EBITDA Margin	18.68%	15.32%	12.72%	12.15%	21.39%
D&A For EBITDA	81.8	68.64	66.53	56.5	45.64
EBIT	139.1	121.19	83.58	81.52	130.11
EBIT Margin	11.76%	9.78%	7.08%	7.18%	15.84%
Effective Tax Rate	30.78%	27.74%	15.43%	18.29%	8.49%

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