FRA:SN4 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	147.29	119.3	84.87
Revenue Growth (YoY)	73.54%	40.57%	-
Cost of Revenue	50.42	40.07	30.36
Gross Profit	96.87	79.23	54.51
Selling, General & Admin	8.87	7.76	6.9
Amortization of Goodwill & Intangibles	3.55	3.03	2.18
Operating Expenses	12.42	10.78	9.08
Operating Income	84.45	68.45	45.43
Interest Expense	-16.9	-17.52	-21.33
Interest & Investment Income	0.9	0.88	0.31
EBT Excluding Unusual Items	60	51.81	24.41
Other Unusual Items	-	-5.43	-0.56
Pretax Income	60	46.38	23.86
Income Tax Expense	15.32	11.79	5.97
Net Income	44.68	34.59	17.89
Preferred Dividends & Other Adjustments	70.52	19.87	8.14
Net Income to Common	-25.84	14.72	9.75
Net Income Growth	149.81%	93.40%	-
Shares Outstanding (Basic)	9	9	9
Shares Outstanding (Diluted)	9	9	9
Shares Change (YoY)	-0.18%	-0.18%	-
EPS (Basic)	-2.77	1.58	1.04
EPS (Diluted)	-2.82	1.58	1.04
EPS Growth	-	51.61%	-
Gross Margin	65.77%	66.41%	64.23%
Operating Margin	57.34%	57.37%	53.53%
Profit Margin	-17.54%	12.34%	11.49%
EBITDA	85.05	68.52	45.5
EBITDA Margin	57.74%	57.43%	53.61%
D&A For EBITDA	0.6	0.07	0.07
EBIT	84.45	68.45	45.43
EBIT Margin	57.34%	57.37%	53.53%
Effective Tax Rate	25.53%	25.42%	25.03%
Advertising Expenses	-	1.6	1.57

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