ETR:VH2 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	704.33	498.35	373.36	368.16	279.07
Other Revenue	1.79	0.73	1.23	1.43	0.11
Revenue	706.11	499.08	374.59	369.59	279.18
Revenue Growth (YoY)	41.48%	33.23%	1.35%	32.38%	-4.38%
Cost of Revenue	335.82	247.65	205.38	197.06	114.1
Gross Profit	370.29	251.43	169.21	172.53	165.08
Selling, General & Admin	213.11	162.13	138.28	129.03	106.86
Other Operating Expenses	16.54	15.95	14.75	10.68	10.06
Operating Expenses	256.2	199.33	171.1	156.37	129.97
Operating Income	114.09	52.1	-1.9	16.16	35.11
Interest Expense	-1.55	-1.36	-1.04	-0.93	-0.9
Interest & Investment Income	2.56	1.26	0.3	0.03	0.01
Earnings From Equity Investments	21.03	6.03	14.74	16.06	5.12
Currency Exchange Gain (Loss)	-0.04	-0.02	-0.02	-0.01	-0.02
Other Non Operating Income (Expenses)	0.13	0.01	0.01	0.01	0.03
EBT Excluding Unusual Items	136.22	58.03	12.1	31.31	39.36
Gain (Loss) on Sale of Investments	0.05	-	0.01	0.33	0.06
Gain (Loss) on Sale of Assets	0.35	-0.06	0.2	0.22	0.37
Other Unusual Items	-	-	-	-	0.14
Pretax Income	137.16	58.62	12.7	32.11	40.19
Income Tax Expense	41.5	19.1	2.04	13.25	10.05
Earnings From Continuing Operations	95.65	39.52	10.66	18.86	30.14
Minority Interest in Earnings	-9.15	-3.75	-0.51	-1.72	-3.37
Net Income	86.5	35.77	10.15	17.14	26.77
Net Income to Common	86.5	35.77	10.15	17.14	26.77
Net Income Growth	141.82%	252.46%	-40.78%	-35.97%	-12.41%
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20
Shares Change (YoY)	-	-	-	2.36%	8.55%
EPS (Basic)	4.33	1.79	0.51	0.86	1.37
EPS (Diluted)	4.33	1.79	0.51	0.86	1.37
EPS Growth	141.82%	252.46%	-40.78%	-37.44%	-19.31%
Free Cash Flow	121.14	119.94	20.06	-42.28	8.42
Free Cash Flow Per Share	6.06	6.00	1.00	-2.11	0.43
Dividend Per Share	0.700	0.300	0.120	0.120	0.200
Dividend Growth	133.33%	150.00%	-	-40.00%	-
Gross Margin	52.44%	50.38%	45.17%	46.68%	59.13%
Operating Margin	16.16%	10.44%	-0.51%	4.37%	12.58%
Profit Margin	12.25%	7.17%	2.71%	4.64%	9.59%
Free Cash Flow Margin	17.16%	24.03%	5.36%	-11.44%	3.02%
EBITDA	137.74	71.25	13.68	29.72	44.86
EBITDA Margin	19.51%	14.28%	3.65%	8.04%	16.07%
D&A For EBITDA	23.66	19.15	15.58	13.56	9.75
EBIT	114.09	52.1	-1.9	16.16	35.11
EBIT Margin	16.16%	10.44%	-0.51%	4.37%	12.58%
Effective Tax Rate	30.26%	32.58%	16.09%	41.26%	25.00%
Revenue as Reported	733.92	510.24	395.35	391.91	288.6
Advertising Expenses	0.41	0.24	0.34	0.36	0.25

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