LON:IAG 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
Operating Revenue	30,207	29,508	26,966	21,073	7,508
Other Revenue	3,006	2,592	2,487	1,993	947
Revenue	33,213	32,100	29,453	23,066	8,455
Revenue Growth (YoY)	3.47%	8.99%	27.69%	172.81%	8.31%
Cost of Revenue	20,424	20,281	21,543	17,703	8,291
Gross Profit	12,789	11,819	7,910	5,363	164
Selling, General & Admin	5,062	4,931	2,213	1,893	1,192
Operating Expenses	7,690	7,288	4,276	3,971	3,108
Operating Income	5,099	4,531	3,634	1,392	-2,944
Interest Expense	-818	-902	-1,095	-979	-768
Interest & Investment Income	274	404	386	51	5
Earnings From Equity Investments	3	-	6	5	2
Currency Exchange Gain (Loss)	345	-159	150	-256	-68
Other Non Operating Income (Expenses)	-393	-115	-40	152	119
EBT Excluding Unusual Items	4,510	3,759	3,041	365	-3,654
Merger & Restructuring Charges	-	-160	-	-	18
Gain (Loss) on Sale of Investments	14	7	13	-3	-
Gain (Loss) on Sale of Assets	-19	14	2	22	59
Asset Writedown	-	-7	-	8	-9
Other Unusual Items	-	-50	-	23	79
Pretax Income	4,505	3,563	3,056	415	-3,507
Income Tax Expense	1,163	831	401	-16	-574
Earnings From Continuing Operations	3,342	2,732	2,655	431	-2,933
Net Income	3,342	2,732	2,655	431	-2,933
Net Income to Common	3,342	2,732	2,655	431	-2,933
Net Income Growth	22.33%	2.90%	516.01%	-	-
Shares Outstanding (Basic)	4,690	4,903	4,933	4,958	4,964
Shares Outstanding (Diluted)	5,032	5,260	5,277	5,344	4,964
Shares Change (YoY)	-4.33%	-0.32%	-1.26%	7.66%	40.70%
EPS (Basic)	0.71	0.56	0.54	0.09	-0.59
EPS (Diluted)	0.70	0.55	0.51	0.06	-0.59
EPS Growth	25.41%	9.60%	726.98%	-	-
Free Cash Flow	3,146	3,556	1,320	979	-885
Free Cash Flow Per Share	0.63	0.68	0.25	0.18	-0.18
Dividend Per Share	0.098	0.090	-	-	-
Dividend Growth	8.89%	-	-	-	-
Gross Margin	38.51%	36.82%	26.86%	23.25%	1.94%
Operating Margin	15.35%	14.12%	12.34%	6.04%	-34.82%
Profit Margin	10.06%	8.51%	9.01%	1.87%	-34.69%
Free Cash Flow Margin	9.47%	11.08%	4.48%	4.24%	-10.47%
EBITDA	6,305	5,529	4,435	2,197	-2,253
EBITDA Margin	18.98%	17.22%	15.06%	9.53%	-26.65%
D&A For EBITDA	1,206	998	801	805	691
EBIT	5,099	4,531	3,634	1,392	-2,944
EBIT Margin	15.35%	14.12%	12.34%	6.04%	-34.82%
Effective Tax Rate	25.82%	23.32%	13.12%	-	-
Revenue as Reported	33,213	32,100	29,453	23,066	8,455

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