Merus Power Oyj (HEL:MERUS)

Merus Power Oyj Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	56.07	38.32	30.6	17.44	15.49
Revenue Growth (YoY)	46.32%	25.20%	75.49%	12.62%	122.20%
Cost of Revenue	38.64	27.36	20.82	9.74	10.37
Gross Profit	17.43	10.96	9.79	7.7	5.12
Selling, General & Admin	10.27	9.25	7.33	5	3.16
Other Operating Expenses	5.34	2.51	2.27	2.11	1.13
Operating Expenses	17.11	13.01	10.3	7.6	4.79
Operating Income	0.32	-2.06	-0.51	0.11	0.33
Interest Expense	-1.48	-0.69	-0.32	-0.16	-1.3
Interest & Investment Income	0.05	0.07	0.01	0	-
Other Non Operating Income (Expenses)	0	-	-	-	-
EBT Excluding Unusual Items	-1.12	-2.67	-0.82	-0.06	-0.97
Gain (Loss) on Sale of Investments	-	0.02	0.02	-0.05	-0.03
Pretax Income	-1.12	-2.65	-0.8	-0.11	-0.99
Earnings From Continuing Operations	-1.12	-2.65	-0.8	-0.11	-0.99
Net Income to Company	-1.12	-2.65	-0.8	-0.11	-0.99
Net Income	-1.12	-2.65	-0.8	-0.11	-0.99
Net Income to Common	-1.12	-2.65	-0.8	-0.11	-0.99
Shares Outstanding (Basic)	8	8	8	8	7
Shares Outstanding (Diluted)	8	8	8	8	7
Shares Change (YoY)	3.74%	0.19%	-	17.11%	23.99%
EPS (Basic)	-0.14	-0.35	-0.10	-0.01	-0.15
EPS (Diluted)	-0.14	-0.35	-0.10	-0.01	-0.15
Free Cash Flow	-6.03	2.47	-2.85	-5.72	-2.74
Free Cash Flow Per Share	-0.76	0.32	-0.37	-0.75	-0.42
Gross Margin	31.09%	28.60%	31.98%	44.18%	33.06%
Operating Margin	0.56%	-5.37%	-1.67%	0.61%	2.15%
Profit Margin	-1.99%	-6.93%	-2.61%	-0.62%	-6.42%
Free Cash Flow Margin	-10.76%	6.45%	-9.30%	-32.82%	-17.68%
EBITDA	1.81	-1.79	-0.39	0.18	0.39
EBITDA Margin	3.23%	-4.68%	-1.27%	1.04%	2.53%
D&A For EBITDA	1.5	0.26	0.12	0.08	0.06
EBIT	0.32	-2.06	-0.51	0.11	0.33
EBIT Margin	0.56%	-5.37%	-1.67%	0.61%	2.15%

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