Pandora Income Statement

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

Millions DKK. 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	32,549	31,680	28,136	26,463	23,394
Revenue Growth (YoY)	2.74%	12.60%	6.32%	13.12%	23.07%
Cost of Revenue	6,748	6,391	6,012	6,273	5,590
Gross Profit	25,801	25,289	22,124	20,190	17,804
Selling, General & Admin	17,964	17,315	15,086	13,447	12,021
Operating Expenses	17,964	17,315	15,086	13,447	12,021
Operating Income	7,837	7,974	7,038	6,743	5,783
Interest Expense	-846	-801	-644	-262	-133
Interest & Investment Income	45	39	40	7	21
Currency Exchange Gain (Loss)	-56	-58	-34	259	-38
Other Non Operating Income (Expenses)	-14	-228	-166	-214	-311
EBT Excluding Unusual Items	6,966	6,926	6,234	6,533	5,322
Asset Writedown	-54	-	-	-	-
Other Unusual Items	-	-	-	-	56
Pretax Income	6,912	6,926	6,234	6,533	5,378
Income Tax Expense	1,671	1,699	1,494	1,504	1,218
Net Income	5,241	5,227	4,740	5,029	4,160
Net Income to Common	5,241	5,227	4,740	5,029	4,160
Net Income Growth	0.27%	10.27%	-5.75%	20.89%	114.65%
Shares Outstanding (Basic)	77	81	85	93	99
Shares Outstanding (Diluted)	77	81	86	94	100
Shares Change (YoY)	-4.61%	-6.00%	-8.13%	-6.00%	2.31%
EPS (Basic)	68.10	64.85	55.50	54.22	42.12
EPS (Diluted)	67.90	64.60	55.10	53.70	41.70
EPS Growth	5.11%	17.24%	2.61%	28.78%	109.55%
Free Cash Flow	5,912	7,385	6,255	3,596	5,932
Free Cash Flow Per Share	76.59	91.27	72.67	38.38	59.51
Dividend Per Share	22.000	20.000	18.000	16.000	16.000
Dividend Growth	10.00%	11.11%	12.50%	-	-
Gross Margin	79.27%	79.83%	78.63%	76.30%	76.11%
Operating Margin	24.08%	25.17%	25.01%	25.48%	24.72%
Profit Margin	16.10%	16.50%	16.85%	19.00%	17.78%
Free Cash Flow Margin	18.16%	23.31%	22.23%	13.59%	25.36%
EBITDA	8,957	8,984	7,954	7,602	6,616
EBITDA Margin	27.52%	28.36%	28.27%	28.73%	28.28%
D&A For EBITDA	1,120	1,010	916	859	833
EBIT	7,837	7,974	7,038	6,743	5,783
EBIT Margin	24.08%	25.17%	25.01%	25.48%	24.72%
Effective Tax Rate	24.18%	24.53%	23.96%	23.02%	22.65%

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