BW 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	778.3	783.9	488.9	277.6	271.5
Revenue Growth (YoY)	-0.71%	60.34%	76.12%	2.25%	69.37%
Cost of Revenue	383.7	337.8	266.3	123.4	124.3
Gross Profit	394.6	446.1	222.6	154.2	147.2
Other Operating Expenses	-19.6	-11.3	-18.4	-	-
Operating Expenses	178.1	169.6	81.1	60.1	48.8
Operating Income	216.5	276.5	141.5	94.1	98.4
Interest Expense	-33.6	-51	-5.1	-17	-12.5
Interest & Investment Income	12.3	13.1	8.3	1.7	0.7
Currency Exchange Gain (Loss)	-	-	-	-2.2	0.1
Other Non Operating Income (Expenses)	-7.5	-8.5	-21.8	7.2	2.1
EBT Excluding Unusual Items	187.7	230.1	122.9	83.8	88.8
Asset Writedown	-	-	-0.4	-	-
Pretax Income	187.7	230.1	122.5	83.8	88.8
Income Tax Expense	54.6	64.2	41.5	38.8	36.8
Earnings From Continuing Operations	133.1	165.9	81	45	52
Net Income	133.1	165.9	81	45	52
Net Income to Common	133.1	165.9	81	45	52
Net Income Growth	-19.77%	104.81%	80.00%	-13.46%	-
Shares Outstanding (Basic)	258	258	258	258	257
Shares Outstanding (Diluted)	259	258	258	258	257
Shares Change (YoY)	0.23%	-	-	0.29%	12.82%
EPS (Basic)	0.52	0.64	0.31	0.17	0.20
EPS (Diluted)	0.51	0.64	0.31	0.17	0.20
EPS Growth	-20.31%	103.85%	84.68%	-15.00%	-
Free Cash Flow	-19.8	41.1	-92.4	-13.5	68.2
Free Cash Flow Per Share	-0.08	0.16	-0.36	-0.05	0.27
Gross Margin	50.70%	56.91%	45.53%	55.55%	54.22%
Operating Margin	27.82%	35.27%	28.94%	33.90%	36.24%
Profit Margin	17.10%	21.16%	16.57%	16.21%	19.15%
Free Cash Flow Margin	-2.54%	5.24%	-18.90%	-4.86%	25.12%
EBITDA	364	417.9	220.5	127.6	118.2
EBITDA Margin	46.77%	53.31%	45.10%	45.97%	43.54%
D&A For EBITDA	147.5	141.4	79	33.5	19.8
EBIT	216.5	276.5	141.5	94.1	98.4
EBIT Margin	27.82%	35.27%	28.94%	33.90%	36.24%
Effective Tax Rate	29.09%	27.90%	33.88%	46.30%	41.44%
Revenue as Reported	797.9	795.2	507.3	-	-

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