Bel Fuse Income Statement

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

Millions USD. 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	675.46	534.79	639.81	654.23	543.49
Revenue Growth (YoY)	26.30%	-16.41%	-2.20%	20.38%	16.69%
Cost of Revenue	411.04	332.43	423.96	470.78	409.11
Gross Profit	264.42	202.36	215.85	183.45	134.38
Selling, General & Admin	125.83	98.7	100.05	93.29	87.16
Research & Development	30.87	23.59	22.49	20.24	21.89
Operating Expenses	156.7	122.28	122.54	113.53	109.05
Operating Income	107.72	80.07	93.31	69.93	25.33
Interest Expense	-14.75	-4.08	-2.85	-3.38	-3.54
Interest & Investment Income	1.04	4.75	1.7	0.18	-
Earnings From Equity Investments	-13.09	-	-	-	-
Currency Exchange Gain (Loss)	-	-1.9	-1.4	0.3	0.06
Other Non Operating Income (Expenses)	10.86	0.32	1.35	-2.24	0.6
EBT Excluding Unusual Items	91.78	79.17	92.12	64.79	22.45
Merger & Restructuring Charges	0.68	-16.36	-10.11	-7.32	-1.7
Gain (Loss) on Sale of Investments	-	-0.6	-0.8	-	-
Gain (Loss) on Sale of Assets	5.7	-	2.1	1.6	6.58
Asset Writedown	-	-0.4	-	-	-
Other Unusual Items	-3.11	-	-	-	-
Pretax Income	95.05	61.81	83.3	59.06	27.33
Income Tax Expense	20.94	12.62	9.47	6.37	2.51
Earnings From Continuing Operations	74.11	49.19	73.83	52.69	24.82
Minority Interest in Earnings	-12.58	-8.23	-	-	-
Net Income	61.54	40.96	73.83	52.69	24.82
Net Income to Common	61.54	40.96	73.83	52.69	24.82
Net Income Growth	50.23%	-44.52%	40.13%	112.28%	93.99%
Shares Outstanding (Basic)	13	13	13	13	12
Shares Outstanding (Diluted)	13	13	13	13	12
Shares Change (YoY)	0.36%	-1.26%	1.91%	1.08%	0.59%
EPS (Basic)	4.87	3.25	5.78	4.20	2.00
EPS (Diluted)	4.86	3.25	5.78	4.20	2.00
EPS Growth	49.69%	-43.81%	37.51%	110.01%	92.85%
Free Cash Flow	68.61	59.96	96.22	31.43	-4.77
Free Cash Flow Per Share	5.42	4.75	7.53	2.51	-0.38
Dividend Per Share	0.240	0.240	0.240	0.240	0.240
Gross Margin	39.15%	37.84%	33.74%	28.04%	24.73%
Operating Margin	15.95%	14.97%	14.59%	10.69%	4.66%
Profit Margin	9.11%	7.66%	11.54%	8.05%	4.57%
Free Cash Flow Margin	10.16%	11.21%	15.04%	4.80%	-0.88%
EBITDA	134.32	96.53	106.63	84.79	42.19
EBITDA Margin	19.89%	18.05%	16.66%	12.96%	7.76%
D&A For EBITDA	26.59	16.46	13.31	14.86	16.86
EBIT	107.72	80.07	93.31	69.93	25.33
EBIT Margin	15.95%	14.97%	14.59%	10.69%	4.66%
Effective Tax Rate	22.03%	20.41%	11.37%	10.79%	9.17%

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