Befesa S.A. (ETR:BFSA)

Befesa Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,159	1,183	1,239	1,181	1,136	821.61
Revenue Growth (YoY)	-7.17%	-4.55%	4.95%	3.92%	38.27%	35.95%
Cost of Revenue	921.32	943.2	724.86	724.4	696.56	458.8
Gross Profit	238.12	239.4	514.17	456.2	439.47	362.81
Other Operating Expenses	-6.02	-	309.61	291.95	289.87	179.22
Operating Expenses	93.51	100.3	392.98	372.62	357.95	232.7
Operating Income	144.61	139.1	121.19	83.58	81.52	130.11
Interest Expense	-26.65	-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)	0.9	-	7.23	-2.18	-6.71	8.63
Other Non Operating Income (Expenses)	3.4	3.4	-6.95	-3.21	0.76	-9.22
EBT Excluding Unusual Items	122.26	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	122.26	116.3	74.85	68.07	130.34	111.85
Income Tax Expense	39.51	35.8	20.76	10.5	23.84	9.5
Earnings From Continuing Operations	82.75	80.5	54.09	57.57	106.5	102.35
Net Income to Company	82.75	80.5	54.09	57.57	106.5	102.35
Minority Interest in Earnings	-0.17	-	-3.27	0.4	-0.28	-2.61
Net Income	82.58	80.5	50.82	57.97	106.22	99.75
Net Income to Common	82.58	80.5	50.82	57.97	106.22	99.75
Net Income Growth	37.65%	58.40%	-12.34%	-45.42%	6.49%	109.51%
Shares Outstanding (Basic)	40	40	40	40	40	37
Shares Outstanding (Diluted)	40	40	40	40	40	37
Shares Change (YoY)	0.08%	0.12%	-	-	7.28%	9.45%
EPS (Basic)	2.06	2.01	1.27	1.45	2.66	2.68
EPS (Diluted)	2.06	2.01	1.27	1.45	2.66	2.68
EPS Growth	37.53%	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	1.000	1.000	0.640	0.730	1.250	1.250
Dividend Growth	56.25%	56.25%	-12.33%	-41.60%	-	6.84%
Gross Margin	20.54%	20.24%	41.50%	38.64%	38.69%	44.16%
Operating Margin	12.47%	11.76%	9.78%	7.08%	7.18%	15.84%
Profit Margin	7.12%	6.81%	4.10%	4.91%	9.35%	12.14%
Free Cash Flow Margin	-	-	9.47%	3.90%	2.92%	5.16%
EBITDA	225.63	220.9	189.83	150.12	138.02	175.75
EBITDA Margin	19.46%	18.68%	15.32%	12.72%	12.15%	21.39%
D&A For EBITDA	81.02	81.8	68.64	66.53	56.5	45.64
EBIT	144.61	139.1	121.19	83.58	81.52	130.11
EBIT Margin	12.47%	11.76%	9.78%	7.08%	7.18%	15.84%
Effective Tax Rate	32.31%	30.78%	27.74%	15.43%	18.29%	8.49%

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