BW Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	895.7	783.9	488.9	277.6	271.5	160.3
Revenue Growth (YoY)	12.89%	60.34%	76.12%	2.25%	69.37%	-43.24%
Cost of Revenue	388.8	337.8	266.3	123.4	124.3	73.3
Gross Profit	506.9	446.1	222.6	154.2	147.2	87
Other Operating Expenses	-12	-11.3	-18.4	-	-	-
Operating Expenses	206.9	169.6	81.1	60.1	48.8	84.2
Operating Income	300	276.5	141.5	94.1	98.4	2.8
Interest Expense	-29.7	-35.7	-5.1	-17	-12.5	-12.6
Interest & Investment Income	14.3	13.1	8.3	1.7	0.7	0.9
Currency Exchange Gain (Loss)	7.6	-	-	-2.2	0.1	-0.9
Other Non Operating Income (Expenses)	-22.1	-23.8	-21.8	7.2	2.1	-1.3
EBT Excluding Unusual Items	270.1	230.1	122.9	83.8	88.8	-11.1
Gain (Loss) on Sale of Assets	-0.2	-	-	-	-	-1.2
Asset Writedown	-	-	-0.4	-	-	0.1
Pretax Income	265.1	230.1	122.5	83.8	88.8	-12.2
Income Tax Expense	79.3	64.2	41.5	38.8	36.8	28.9
Earnings From Continuing Operations	185.8	165.9	81	45	52	-41.1
Net Income	185.8	165.9	81	45	52	-41.1
Net Income to Common	185.8	165.9	81	45	52	-41.1
Net Income Growth	-2.26%	104.81%	80.00%	-13.46%	-	-
Shares Outstanding (Basic)	-	258	258	258	257	228
Shares Outstanding (Diluted)	-	258	258	258	257	228
Shares Change (YoY)	-	-	-	0.29%	12.82%	21.68%
EPS (Basic)	-	0.64	0.31	0.17	0.20	-0.18
EPS (Diluted)	-	0.64	0.31	0.17	0.20	-0.18
EPS Growth	-	104.81%	84.68%	-15.00%	-	-
Free Cash Flow	-	41.1	-92.4	-13.5	68.2	-0.1
Free Cash Flow Per Share	-	0.16	-0.36	-0.05	0.27	-
Gross Margin	56.59%	56.91%	45.53%	55.55%	54.22%	54.27%
Operating Margin	33.49%	35.27%	28.94%	33.90%	36.24%	1.75%
Profit Margin	20.74%	21.16%	16.57%	16.21%	19.15%	-25.64%
Free Cash Flow Margin	-	5.24%	-18.90%	-4.86%	25.12%	-0.06%
EBITDA	517.95	417.9	220.5	127.6	118.2	51.9
EBITDA Margin	57.83%	53.31%	45.10%	45.97%	43.54%	32.38%
D&A For EBITDA	217.95	141.4	79	33.5	19.8	49.1
EBIT	300	276.5	141.5	94.1	98.4	2.8
EBIT Margin	33.49%	35.27%	28.94%	33.90%	36.24%	1.75%
Effective Tax Rate	29.91%	27.90%	33.88%	46.30%	41.44%	-
Revenue as Reported	1,270	795.2	507.3	-	-	-

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