ForFarmers Income Statement

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

Millions EUR. 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	3,153	2,746	2,975	3,315	2,671
Revenue Growth (YoY)	14.84%	-7.70%	-10.27%	24.13%	13.55%
Cost of Revenue	2,583	2,265	2,526	2,850	2,261
Gross Profit	569.8	481	449.1	465.4	409.8
Selling, General & Admin	207.8	183.3	174.7	167.8	164.8
Other Operating Expenses	213.9	199.8	212.6	221.8	175.3
Operating Expenses	482.1	434.9	430.4	438.5	386.1
Operating Income	87.7	46.1	18.7	26.9	23.7
Interest Expense	-6.3	-6.3	-8	-5.9	-3.3
Interest & Investment Income	1.4	1.9	1.2	0.9	0.7
Earnings From Equity Investments	0.5	3.2	5.2	4.3	3.8
Currency Exchange Gain (Loss)	-	-	1	-0.3	-
Other Non Operating Income (Expenses)	-14.6	-11.8	-4	-	-
EBT Excluding Unusual Items	68.7	33.1	14.1	25.9	24.9
Merger & Restructuring Charges	-	-	-0.3	-2.6	-
Impairment of Goodwill	-	-	-4.7	-	-
Gain (Loss) on Sale of Assets	-	5.5	-	-	2.9
Asset Writedown	-	-	-9.1	-	-4.5
Other Unusual Items	-	3.8	0.1	-1.1	-2.5
Pretax Income	68.7	42.4	0.1	22.2	20.8
Income Tax Expense	14.3	8.2	-1.8	4	8.3
Earnings From Continuing Operations	54.4	34.2	1.9	18.2	12.5
Minority Interest in Earnings	-4.5	-2.8	-2.9	-0.2	-0.5
Net Income	49.9	31.4	-1	18	12
Net Income to Common	49.9	31.4	-1	18	12
Net Income Growth	58.92%	-	-	50.00%	-15.22%
Shares Outstanding (Basic)	89	89	89	90	95
Shares Outstanding (Diluted)	89	89	89	90	95
Shares Change (YoY)	-0.18%	-0.34%	-0.80%	-5.56%	-0.76%
EPS (Basic)	0.56	0.35	-0.01	0.20	0.13
EPS (Diluted)	0.56	0.35	-0.01	0.20	0.13
EPS Growth	60.00%	-	-	58.49%	-14.57%
Free Cash Flow	97.4	43.4	55.1	14.8	18.2
Free Cash Flow Per Share	1.10	0.49	0.62	0.17	0.19
Dividend Per Share	0.300	0.200	0.150	0.200	0.190
Dividend Growth	50.00%	33.33%	-25.00%	5.26%	-34.48%
Gross Margin	18.07%	17.52%	15.10%	14.04%	15.35%
Operating Margin	2.78%	1.68%	0.63%	0.81%	0.89%
Profit Margin	1.58%	1.14%	-0.03%	0.54%	0.45%
Free Cash Flow Margin	3.09%	1.58%	1.85%	0.45%	0.68%
EBITDA	133.3	82.8	52.7	62.4	60.1
EBITDA Margin	4.23%	3.02%	1.77%	1.88%	2.25%
D&A For EBITDA	45.6	36.7	34	35.5	36.4
EBIT	87.7	46.1	18.7	26.9	23.7
EBIT Margin	2.78%	1.68%	0.63%	0.81%	0.89%
Effective Tax Rate	20.82%	19.34%	-	18.02%	39.90%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.