Cavendish Hydrogen ASA (CANVF)

Cavendish Hydrogen ASA Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023
Operating Revenue	25.01	31.01	28.89
Other Revenue	0.34	0.34	1.51
Revenue	25.35	31.35	30.39
Revenue Growth (YoY)	-22.58%	3.15%	-
Cost of Revenue	12.06	15.26	14.27
Gross Profit	13.29	16.09	16.12
Selling, General & Admin	23.35	21.75	24.01
Other Operating Expenses	11.11	13.31	11.48
Operating Expenses	39.09	39.69	40.23
Operating Income	-25.8	-23.6	-24.11
Interest Expense	-1.56	-0.26	-2.17
Interest & Investment Income	1.29	1.29	0.15
Currency Exchange Gain (Loss)	-0.43	-0.43	-0.83
Other Non Operating Income (Expenses)	-0.35	-0.55	-2.74
Pretax Income	-26.86	-23.56	-29.69
Income Tax Expense	-0.8	-0.8	-0.8
Net Income	-26.06	-22.76	-28.89
Net Income to Common	-26.06	-22.76	-28.89
Shares Outstanding (Basic)	34	34	34
Shares Outstanding (Diluted)	34	34	34
EPS (Basic)	-0.78	-0.68	-0.86
EPS (Diluted)	-0.78	-0.68	-0.86
Free Cash Flow	-29.93	-25.63	-20.05
Free Cash Flow Per Share	-0.89	-0.76	-0.60
Gross Margin	52.41%	51.31%	53.04%
Operating Margin	-101.78%	-75.28%	-79.31%
Profit Margin	-102.80%	-72.60%	-95.05%
Free Cash Flow Margin	-118.07%	-81.75%	-65.96%
EBITDA	-21.72	-19.52	-19.86
EBITDA Margin	-85.69%	-62.27%	-65.34%
D&A For EBITDA	4.08	4.08	4.25
EBIT	-25.8	-23.6	-24.11
EBIT Margin	-101.78%	-75.28%	-79.31%
Revenue as Reported	25.35	31.35	30.39

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