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	29.6	0.73	1.23	1.43	0.11
Revenue	733.92	499.08	374.59	369.59	279.18
Revenue Growth (YoY)	47.05%	33.23%	1.35%	32.38%	-4.38%
Cost of Revenue	323.03	247.65	205.38	197.06	114.1
Gross Profit	410.89	251.43	169.21	172.53	165.08
Selling, General & Admin	183.8	162.13	138.28	129.03	106.86
Other Operating Expenses	64.33	15.95	14.75	10.68	10.06
Operating Expenses	274.69	199.33	171.1	156.37	129.97
Operating Income	136.21	52.1	-1.9	16.16	35.11
Interest Expense	-1.61	-1.36	-1.04	-0.93	-0.9
Interest & Investment Income	-	1.26	0.3	0.03	0.01
Earnings From Equity Investments	-	6.03	14.74	16.06	5.12
Currency Exchange Gain (Loss)	-	-0.02	-0.02	-0.01	-0.02
Other Non Operating Income (Expenses)	2.56	0.01	0.01	0.01	0.03
EBT Excluding Unusual Items	137.16	58.03	12.1	31.31	39.36
Gain (Loss) on Sale of Investments	-	-	0.01	0.33	0.06
Gain (Loss) on Sale of Assets	-	-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)	-0.11%	-	-	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	142.10%	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	-	0.300	0.120	0.120	0.200
Dividend Growth	-	150.00%	-	-40.00%	-
Gross Margin	55.99%	50.38%	45.17%	46.68%	59.13%
Operating Margin	18.56%	10.44%	-0.51%	4.37%	12.58%
Profit Margin	11.79%	7.17%	2.71%	4.64%	9.59%
Free Cash Flow Margin	16.51%	24.03%	5.36%	-11.44%	3.02%
EBITDA	162.76	71.25	13.68	29.72	44.86
EBITDA Margin	22.18%	14.28%	3.65%	8.04%	16.07%
D&A For EBITDA	26.56	19.15	15.58	13.56	9.75
EBIT	136.21	52.1	-1.9	16.16	35.11
EBIT Margin	18.56%	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	-	0.24	0.34	0.36	0.25

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