Pharos Energy 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	107.3	126.8	157.4	184.4	124
Revenue Growth (YoY)	-15.38%	-19.44%	-14.64%	48.71%	-8.15%
Cost of Revenue	90.4	80.6	98.5	102.1	104.5
Gross Profit	16.9	46.2	58.9	82.3	19.5
Selling, General & Admin	8.8	9.1	9	10	13.2
Other Operating Expenses	2.3	2.2	2	1.3	0.8
Operating Expenses	9.8	-16.9	78.6	-16.6	-38.4
Operating Income	7.1	63.1	-19.7	98.9	57.9
Interest Expense	-	-1.1	-7.7	-10.1	-6.2
Interest & Investment Income	0.5	0.4	0.2	0.2	-
Currency Exchange Gain (Loss)	0.1	-0.6	-0.5	-1.3	0.6
Other Non Operating Income (Expenses)	-0.4	-0.8	-0.4	0.3	-
EBT Excluding Unusual Items	7.3	61	-28.1	88	52.3
Merger & Restructuring Charges	-0.3	-0.6	-	-0.1	-3
Gain (Loss) on Sale of Investments	-0.5	0.3	-0.3	-	-
Gain (Loss) on Sale of Assets	-	-	-0.6	-6.6	-10.4
Other Unusual Items	-	-	-	-0.7	-0.3
Pretax Income	6.5	60.7	-29	80.6	38.6
Income Tax Expense	13.1	37.1	19.8	56.2	43.3
Earnings From Continuing Operations	-6.6	23.6	-48.8	24.4	-4.7
Net Income	-6.6	23.6	-48.8	24.4	-4.7
Net Income to Common	-6.6	23.6	-48.8	24.4	-4.7
Shares Outstanding (Basic)	413	417	427	439	438
Shares Outstanding (Diluted)	413	420	427	440	438
Shares Change (YoY)	-1.58%	-1.75%	-2.96%	0.55%	10.81%
EPS (Basic)	-0.02	0.06	-0.11	0.06	-0.01
EPS (Diluted)	-0.02	0.05	-0.11	0.05	-0.01
Free Cash Flow	39.5	35.6	31.4	28	-13.6
Free Cash Flow Per Share	0.10	0.09	0.07	0.06	-0.03
Dividend Per Share	0.018	0.015	0.014	0.012	-
Dividend Growth	18.26%	8.12%	16.28%	-	-
Gross Margin	15.75%	36.44%	37.42%	44.63%	15.73%
Operating Margin	6.62%	49.76%	-12.52%	53.63%	46.69%
Profit Margin	-6.15%	18.61%	-31.00%	13.23%	-3.79%
Free Cash Flow Margin	36.81%	28.08%	19.95%	15.18%	-10.97%
EBITDA	53.5	83.8	101	126.1	73.17
EBITDA Margin	49.86%	66.09%	64.17%	68.38%	59.00%
D&A For EBITDA	46.4	20.7	120.7	27.2	15.27
EBIT	7.1	63.1	-19.7	98.9	57.9
EBIT Margin	6.62%	49.76%	-12.52%	53.63%	46.69%
Effective Tax Rate	201.54%	61.12%	-	69.73%	112.18%

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