AS MADARA Cosmetics Income Statement

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

Millions EUR. 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	23.22	21.52	20.23	18.7	19.37
Revenue Growth (YoY)	7.88%	6.36%	8.22%	-3.47%	20.49%
Cost of Revenue	8	7.37	6.8	6.51	6.24
Gross Profit	15.21	14.15	13.43	12.19	13.13
Selling, General & Admin	14.99	12.9	11.3	10.49	9.22
Other Operating Expenses	-0.39	-4.08	0.07	0.04	0
Operating Expenses	14.6	8.82	11.38	10.53	9.23
Operating Income	0.61	5.33	2.06	1.66	3.9
Interest Expense	-0	-0	-0	-0	-0
Interest & Investment Income	0.12	0.22	0.01	0	0
Currency Exchange Gain (Loss)	-0.04	-0.01	-0.03	-0.02	-0.01
Other Non Operating Income (Expenses)	-0	-0	-0.02	-0.01	-0
EBT Excluding Unusual Items	0.69	5.53	2.03	1.63	3.89
Gain (Loss) on Sale of Assets	0.03	0.58	0.01	0.02	0
Asset Writedown	-0.1	-0.12	-0.1	-0.09	-0.09
Other Unusual Items	-	-	-	-	0.21
Pretax Income	0.63	5.99	1.93	1.55	4.01
Income Tax Expense	0.84	0.55	0.34	0.43	0.35
Net Income	-0.21	5.44	1.6	1.12	3.67
Net Income to Common	-0.21	5.44	1.6	1.12	3.67
Net Income Growth	-	240.33%	42.52%	-69.45%	6.49%
Shares Outstanding (Basic)	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4
Shares Change (YoY)	-	0.17%	0.07%	0.09%	0.03%
EPS (Basic)	-0.06	1.44	0.42	0.30	0.97
EPS (Diluted)	-0.06	1.44	0.42	0.30	0.97
EPS Growth	-	239.75%	42.42%	-69.48%	6.45%
Free Cash Flow	-0.6	0.6	0.51	0.95	2.17
Free Cash Flow Per Share	-0.16	0.16	0.13	0.25	0.58
Dividend Per Share	-	0.920	0.580	0.350	0.500
Dividend Growth	-	58.62%	65.71%	-30.00%	25.00%
Gross Margin	65.53%	65.75%	66.39%	65.18%	67.80%
Operating Margin	2.64%	24.77%	10.17%	8.85%	20.16%
Profit Margin	-0.90%	25.26%	7.89%	6.00%	18.94%
Free Cash Flow Margin	-2.57%	2.78%	2.50%	5.07%	11.20%
EBITDA	1.79	6.42	3	2.78	4.58
EBITDA Margin	7.70%	29.84%	14.82%	14.87%	23.65%
D&A For EBITDA	1.18	1.09	0.94	1.13	0.68
EBIT	0.61	5.33	2.06	1.66	3.9
EBIT Margin	2.64%	24.77%	10.17%	8.85%	20.16%
Effective Tax Rate	133.11%	9.24%	17.37%	27.89%	8.61%
Advertising Expenses	4.65	0.1	0.18	0.25	0.27

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