Per Aarsleff Holding Income Statement

Financials in millions DKK. Fiscal year is October - September.

Millions DKK. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	22,620	21,719	20,244	18,118	14,630
Revenue Growth (YoY)	4.15%	7.29%	11.73%	23.84%	10.04%
Cost of Revenue	19,857	19,095	17,714	16,175	12,968
Gross Profit	2,763	2,624	2,530	1,943	1,662
Selling, General & Admin	1,475	1,444	1,323	1,127	958
Amortization of Goodwill & Intangibles	40	33	78	34	25
Other Operating Expenses	8	31	9	-	-
Operating Expenses	1,646	1,623	1,519	1,260	1,052
Operating Income	1,117	1,001	1,011	683	610
Interest Expense	-71	-102	-61	-28	-18
Interest & Investment Income	64	79	18	13	10
Earnings From Equity Investments	-	9	9	15	11
Currency Exchange Gain (Loss)	3	4	-10	-4	2
EBT Excluding Unusual Items	1,113	991	967	679	615
Gain (Loss) on Sale of Investments	1	10	6	-35	-10
Gain (Loss) on Sale of Assets	60	91	58	29	23
Other Unusual Items	18	-4	11	10	-15
Pretax Income	1,192	1,088	1,042	683	613
Income Tax Expense	296	262	244	166	143
Earnings From Continuing Operations	896	826	798	517	470
Earnings From Discontinued Operations	-	-	-6	-66	3
Net Income to Company	896	826	792	451	473
Minority Interest in Earnings	-20	-20	-6	-4	-1
Net Income	876	806	786	447	472
Net Income to Common	876	806	786	447	472
Net Income Growth	8.69%	2.54%	75.84%	-5.30%	24.76%
Shares Outstanding (Basic)	19	19	19	20	20
Shares Outstanding (Diluted)	19	19	20	20	20
Shares Change (YoY)	0.01%	-1.27%	-0.87%	-2.34%	-0.52%
EPS (Basic)	46.38	42.35	41.02	22.65	23.53
EPS (Diluted)	46.33	42.35	40.18	22.65	23.36
EPS Growth	9.40%	5.39%	77.39%	-3.03%	25.39%
Free Cash Flow	1,939	1,164	210	-354	-267
Free Cash Flow Per Share	100.39	60.27	10.74	-17.94	-13.21
Dividend Per Share	12.000	11.000	10.000	8.000	8.000
Dividend Growth	9.09%	10.00%	25.00%	-	23.08%
Gross Margin	12.21%	12.08%	12.50%	10.72%	11.36%
Operating Margin	4.94%	4.61%	4.99%	3.77%	4.17%
Profit Margin	3.87%	3.71%	3.88%	2.47%	3.23%
Free Cash Flow Margin	8.57%	5.36%	1.04%	-1.95%	-1.82%
EBITDA	1,761	1,560	1,555	1,170	1,030
EBITDA Margin	7.79%	7.18%	7.68%	6.46%	7.04%
D&A For EBITDA	644	559	544	487	420
EBIT	1,117	1,001	1,011	683	610
EBIT Margin	4.94%	4.61%	4.99%	3.77%	4.17%
Effective Tax Rate	24.83%	24.08%	23.42%	24.30%	23.33%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.