cBrain Income Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	260.91	267.78	239.18	187.92	154.66	120.12
Revenue Growth (YoY)	5.81%	11.96%	27.28%	21.51%	28.76%	24.59%
Cost of Revenue	120.61	116.55	96.93	90.56	76.75	63
Gross Profit	140.29	151.23	142.25	97.37	77.92	57.12
Selling, General & Admin	36.25	38.13	35.68	29.14	19.76	19.97
Operating Expenses	63.12	62.89	56.85	47.99	39.2	36.33
Operating Income	77.18	88.34	85.41	49.38	38.71	20.79
Interest Expense	-3.21	-2.82	-4.55	-0.83	-0.52	-0.32
Interest & Investment Income	0.48	0.47	0.77	0.05	0.01	0.01
Earnings From Equity Investments	-	-	-	-	-	-0
Currency Exchange Gain (Loss)	0.02	0.02	-0.27	0.33	0.75	-0.4
EBT Excluding Unusual Items	74.46	86	81.35	48.93	38.95	20.08
Gain (Loss) on Sale of Investments	-	-	-	-	0.04	0.01
Pretax Income	74.46	86	81.35	48.93	38.99	20.1
Income Tax Expense	17.33	21.19	18.18	10.55	7.98	4.56
Net Income	57.14	64.82	63.18	38.38	31.01	15.54
Net Income to Common	57.14	64.82	63.18	38.38	31.01	15.54
Net Income Growth	-2.80%	2.59%	64.60%	23.79%	99.56%	91.58%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
Shares Change (YoY)	0.01%	0.01%	0.00%	-0.86%	0.92%	0.11%
EPS (Basic)	2.92	3.31	3.23	1.96	1.57	0.79
EPS (Diluted)	2.92	3.31	3.23	1.96	1.57	0.79
EPS Growth	-2.80%	2.58%	64.59%	24.87%	97.73%	91.37%
Free Cash Flow	67.9	43.33	85.59	-143.18	49.27	43.76
Free Cash Flow Per Share	3.47	2.21	4.38	-7.32	2.50	2.24
Dividend Per Share	0.640	0.640	0.280	0.210	0.170	0.140
Dividend Growth	128.57%	128.57%	33.33%	23.53%	21.43%	16.67%
Gross Margin	53.77%	56.47%	59.48%	51.81%	50.38%	47.55%
Operating Margin	29.58%	32.99%	35.71%	26.28%	25.03%	17.31%
Profit Margin	21.90%	24.20%	26.41%	20.42%	20.05%	12.93%
Free Cash Flow Margin	26.02%	16.18%	35.79%	-76.19%	31.86%	36.43%
EBITDA	83.4	93.25	89.62	51.47	44.08	21.16
EBITDA Margin	31.96%	34.82%	37.47%	27.39%	28.50%	17.62%
D&A For EBITDA	6.22	4.91	4.21	2.09	5.37	0.37
EBIT	77.18	88.34	85.41	49.38	38.71	20.79
EBIT Margin	29.58%	32.99%	35.71%	26.28%	25.03%	17.31%
Effective Tax Rate	23.27%	24.64%	22.34%	21.55%	20.47%	22.69%

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