Black Sea Property AS Income Statement

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

Millions NOK. 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
Property Revenue	5.2	7.08	4.13	0.52	0
Service and Other Revenue	2.06	-	-	-	-
Revenue	7.26	7.08	4.13	0.52	0
Revenue Growth (YoY)	2.56%	71.14%	699.61%	-	-
Gross Profit	7.26	7.08	4.13	0.52	0
Selling, General & Admin	0.73	0.67	0.6	0.3	0.31
Depreciation & Amortization Expenses	9.83	8.4	3.54	0.42	0
Other Operating Expenses	106.11	3.63	4.28	4.79	38.57
Operating Income	-109.42	-5.62	-4.28	-4.99	-38.88
Interest Income	8.75	7.01	4.76	8.24	3.63
Interest Expense	-22.07	-20.19	-17.77	-3.35	-14.6
Other Non-Operating Income (Expense)	0	-	-	-	-1.71
Total Non-Operating Income (Expense)	-13.32	-13.18	-13.01	4.89	-12.67
Pretax Income	-122.74	-18.8	-17.29	-0.1	-51.55
Provision for Income Taxes	0	0	0	1.32	-3.66
Net Income	-122.74	-18.8	-17.29	-1.42	-47.89
Minority Interest in Earnings	24.02	-2.83	0.12	-1.44	-37.82
Net Income to Common	98.72	-15.97	-17.41	0.03	-10.07
Shares Outstanding (Basic)	3	3	1	0	0
Shares Outstanding (Diluted)	3	3	1	0	0
Shares Change (YoY)	-	155.44%	152.76%	-	133.67%
EPS (Basic)	39.31	-6.36	-17.71	0.07	-25.90
EPS (Diluted)	39.31	-6.36	-17.71	0.07	-25.90
Free Cash Flow	-12.08	-52.47	-63.14	-39.29	-7.47
Free Cash Flow Per Share	-4.81	-20.90	-64.24	-101.01	-19.22
Gross Margin	100.00%	100.00%	100.00%	100.00%	-
Operating Margin	-1507.95%	-79.45%	-103.51%	-965.96%	-
Profit Margin	-1691.51%	-265.72%	-418.26%	-273.89%	-
FCF Margin	-166.50%	-741.68%	-1527.43%	-7598.65%	-
EBITDA	-99.59	2.77	-0.74	-4.57	-38.88
EBITDA Margin	-1372.45%	39.21%	-17.90%	-883.95%	-
EBIT	-109.42	-5.62	-4.28	-4.99	-38.88
EBIT Margin	-1507.95%	-79.45%	-103.51%	-965.96%	-
Effective Tax Rate	0.00%	0.00%	0.00%	-1301.98%	7.10%