SMIT Holdings 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	14.71	13.98	22.47	29.41	36.25
Revenue Growth (YoY)	5.27%	-37.81%	-23.59%	-18.87%	-4.07%
Cost of Revenue	6.98	6.45	14.09	17.27	19.12
Gross Profit	7.74	7.53	8.38	12.14	17.13
Selling, General & Admin	8.2	8.11	8.78	13.14	12.75
Research & Development	9.8	10.87	11.23	38.11	38.5
Other Operating Expenses	-3.43	-6.31	-7.22	-26.44	-29.46
Operating Expenses	14.37	13	12.93	24.85	21.8
Operating Income	-6.63	-5.47	-4.55	-12.72	-4.67
Interest Expense	-0.07	-0.06	-0.33	-1.31	-1.29
Interest & Investment Income	0.46	0.51	0.52	0.11	0.28
Earnings From Equity Investments	-19.76	-23.62	-23.23	-6.76	1.63
Currency Exchange Gain (Loss)	0.29	0.09	0.2	0.38	-0.27
EBT Excluding Unusual Items	-25.7	-28.55	-27.39	-20.3	-4.32
Gain (Loss) on Sale of Investments	26.64	-9.82	11.39	1.59	12.68
Gain (Loss) on Sale of Assets	-	-	-	85.93	-
Pretax Income	0.94	-38.37	-16	67.22	8.35
Income Tax Expense	5.43	0.51	-1.83	10.11	-1.53
Earnings From Continuing Operations	-4.49	-38.87	-14.17	57.11	9.88
Minority Interest in Earnings	-0.81	0.42	0.27	0.07	-0.04
Net Income	-5.3	-38.46	-13.9	57.19	9.84
Net Income to Common	-5.3	-38.46	-13.9	57.19	9.84
Net Income Growth	-	-	-	480.92%	-
Shares Outstanding (Basic)	325	325	323	320	320
Shares Outstanding (Diluted)	325	325	323	323	323
Shares Change (YoY)	-	0.68%	-0.01%	-0.09%	1.34%
EPS (Basic)	-0.02	-0.12	-0.04	0.18	0.03
EPS (Diluted)	-0.02	-0.12	-0.04	0.18	0.03
EPS Growth	-	-	-	490.02%	-
Free Cash Flow	-5.9	-0.76	-13	22.46	3.22
Free Cash Flow Per Share	-0.02	-0.00	-0.04	0.07	0.01
Dividend Per Share	0.001	0.001	0.001	0.001	0.001
Gross Margin	52.59%	53.87%	37.28%	41.27%	47.26%
Operating Margin	-45.06%	-39.13%	-20.25%	-43.24%	-12.88%
Profit Margin	-36.02%	-275.17%	-61.84%	194.44%	27.16%
Free Cash Flow Margin	-40.09%	-5.43%	-57.84%	76.35%	8.88%
EBITDA	-2.83	-0.73	0.05	-1.2	3.18
EBITDA Margin	-19.26%	-5.19%	0.22%	-4.07%	8.78%
D&A For EBITDA	3.8	4.74	4.6	11.52	7.85
EBIT	-6.63	-5.47	-4.55	-12.72	-4.67
EBIT Margin	-45.06%	-39.13%	-20.25%	-43.24%	-12.88%
Effective Tax Rate	578.60%	-	-	15.04%	-
Advertising Expenses	0.28	0.19	0.1	0.16	0.41

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