MDU Resources Group 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	1,875	1,758	1,803	1,747	3,454
Revenue Growth (YoY)	6.66%	-2.52%	3.21%	-49.42%	-37.56%
Cost of Revenue	1,264	1,186	1,285	1,257	2,767
Gross Profit	611.6	571.94	518.53	490.06	687.28
Selling, General & Admin	-	-4.25	-5.81	-8.04	-6.87
Other Operating Expenses	114.5	106.22	103.13	100.63	157.99
Operating Expenses	321.2	302.05	287.78	281.15	349.36
Operating Income	290.4	269.89	230.75	208.91	337.92
Interest Expense	-107.7	-108.35	-104.62	-80.68	-70.71
Earnings From Equity Investments	-	-	-	-	0.88
Other Non Operating Income (Expenses)	28.3	37.14	27.7	-4.78	16.59
EBT Excluding Unusual Items	211	198.69	153.83	123.45	284.68
Gain (Loss) on Sale of Investments	-	-0.03	186.5	-	1.38
Pretax Income	211	198.66	340.33	123.45	286.07
Income Tax Expense	19.6	17.59	10.21	6.2	43.54
Earnings From Continuing Operations	191.4	181.07	330.12	117.25	242.52
Earnings From Discontinued Operations	-1	100.04	84.59	250.24	135.61
Net Income	190.4	281.11	414.71	367.49	378.13
Net Income to Common	190.4	281.11	414.71	367.49	378.13
Net Income Growth	-32.27%	-32.21%	12.85%	-2.81%	-3.09%
Shares Outstanding (Basic)	204	204	204	203	202
Shares Outstanding (Diluted)	205	205	204	203	202
Shares Change (YoY)	0.32%	0.35%	0.23%	0.53%	0.90%
EPS (Basic)	0.93	1.38	2.04	1.81	1.87
EPS (Diluted)	0.93	1.37	2.03	1.81	1.87
EPS Growth	-32.41%	-32.73%	12.60%	-3.37%	-3.91%
Free Cash Flow	-318.6	-20.51	-151.51	67.48	10.58
Free Cash Flow Per Share	-1.55	-0.10	-0.74	0.33	0.05
Dividend Per Share	0.540	0.510	0.695	0.875	0.855
Dividend Growth	5.88%	-26.62%	-20.57%	2.34%	2.40%
Gross Margin	32.62%	32.53%	28.75%	28.05%	19.90%
Operating Margin	15.49%	15.35%	12.80%	11.96%	9.78%
Profit Margin	10.15%	15.99%	23.00%	21.03%	10.95%
Free Cash Flow Margin	-16.99%	-1.17%	-8.40%	3.86%	0.31%
EBITDA	497.1	469.97	421.2	397.47	536.16
EBITDA Margin	26.51%	26.73%	23.36%	22.75%	15.52%
D&A For EBITDA	206.7	200.08	190.45	188.56	198.24
EBIT	290.4	269.89	230.75	208.91	337.92
EBIT Margin	15.49%	15.35%	12.80%	11.96%	9.78%
Effective Tax Rate	9.29%	8.85%	3.00%	5.02%	15.22%
Revenue as Reported	-	-	-	-	3,454

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