CTT - Correios De Portugal, S.A. (FRA:C7T)

FRA:C7T Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	1,033	965.85	844.61	788.58	757.73	672.85
Other Revenue	223.32	211.16	166.18	112.52	83.34	65.65
Revenue	1,256	1,177	1,011	901.1	841.07	738.5
Revenue Growth (YoY)	17.72%	16.45%	12.17%	7.14%	13.89%	0.71%
Cost of Revenue	447.74	429.61	404.25	429.92	398.28	366.17
Gross Profit	808.37	747.4	606.54	471.19	442.79	372.33
Selling, General & Admin	556.48	503.66	394.02	343.22	330.36	256.14
Other Operating Expenses	14.87	14.29	33.08	8.12	6.09	7.66
Operating Expenses	649.62	594.48	500.1	420.31	397.19	331.76
Operating Income	158.76	152.92	106.44	50.87	45.6	40.57
Interest Expense	-99.58	-96.87	-50.73	-15.86	-10.59	-6.43
Interest & Investment Income	0.73	0.42	0.63	0.03	0.03	0.02
Earnings From Equity Investments	-0	-0	-0	-0.19	-2.56	-1.74
Currency Exchange Gain (Loss)	0.38	0.38	0.63	0.72	-0.33	-0.85
Other Non Operating Income (Expenses)	-0.28	-	-0	-	-	-0.09
EBT Excluding Unusual Items	60	56.85	56.97	35.58	32.15	31.48
Merger & Restructuring Charges	-	-	-	-	0.77	-0.05
Gain (Loss) on Sale of Investments	-0.47	-0.47	0.99	11.11	18.88	-8.54
Gain (Loss) on Sale of Assets	1.12	0.51	0.19	3.57	0.96	0.49
Asset Writedown	0.19	0.19	3.64	-3.33	-2.08	0.21
Legal Settlements	-1.2	-0.74	-0.24	-0.21	0.13	-0.46
Pretax Income	59.65	56.34	61.54	46.71	50.81	23.13
Income Tax Expense	9.27	9.31	1.1	10.37	12.22	6.36
Earnings From Continuing Operations	50.37	47.03	60.44	36.34	38.59	16.77
Minority Interest in Earnings	-2.52	-1.5	0.07	0.06	-0.19	-0.1
Net Income	47.85	45.54	60.51	36.41	38.4	16.67
Net Income to Common	47.85	45.54	60.51	36.41	38.4	16.67
Net Income Growth	-11.83%	-24.75%	66.21%	-5.20%	130.39%	-42.91%
Shares Outstanding (Basic)	135	137	142	147	149	150
Shares Outstanding (Diluted)	135	137	142	147	149	150
Shares Change (YoY)	-2.33%	-3.38%	-3.67%	-1.32%	-0.57%	-
EPS (Basic)	0.36	0.33	0.43	0.25	0.26	0.11
EPS (Diluted)	0.36	0.33	0.43	0.25	0.26	0.11
EPS Growth	-9.56%	-22.68%	72.55%	-3.94%	134.09%	-42.10%
Free Cash Flow	228.59	911.17	991.94	143.95	36.53	257.59
Free Cash Flow Per Share	1.70	6.65	7.00	0.98	0.24	1.72
Dividend Per Share	0.170	0.170	0.170	0.125	0.120	0.085
Dividend Growth	-	-	36.00%	4.17%	41.18%	-
Gross Margin	64.35%	63.50%	60.01%	52.29%	52.65%	50.42%
Operating Margin	12.64%	12.99%	10.53%	5.65%	5.42%	5.49%
Profit Margin	3.81%	3.87%	5.99%	4.04%	4.57%	2.26%
Free Cash Flow Margin	18.20%	77.41%	98.13%	15.97%	4.34%	34.88%
EBITDA	172.57	174.3	126.69	72.36	65.63	61.75
EBITDA Margin	13.74%	14.81%	12.53%	8.03%	7.80%	8.36%
D&A For EBITDA	13.82	21.38	20.25	21.48	20.03	21.18
EBIT	158.76	152.92	106.44	50.87	45.6	40.57
EBIT Margin	12.64%	12.99%	10.53%	5.65%	5.42%	5.49%
Effective Tax Rate	15.55%	16.52%	1.78%	22.20%	24.04%	27.50%
Revenue as Reported	1,184	1,107	985.22	906.62	847.87	745.24

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