Serial System 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	860.47	788.66	758.95	906.72	895.89
Revenue Growth (YoY)	9.11%	3.91%	-16.30%	1.21%	22.49%
Cost of Revenue	794.58	734.32	702.7	838.03	821.43
Gross Profit	65.88	54.34	56.25	68.69	74.47
Selling, General & Admin	48.62	46.25	46.92	53.13	51.45
Other Operating Expenses	5.93	-2.42	6.26	5.13	3.63
Operating Expenses	57.18	44.89	57.03	60.11	58
Operating Income	8.7	9.45	-0.78	8.58	16.47
Interest Expense	-11.19	-12.21	-14.43	-9.39	-5.25
Interest & Investment Income	1.87	1.7	2.27	2.58	2.34
Earnings From Equity Investments	0.02	0.08	0.07	-0.83	-0.66
Currency Exchange Gain (Loss)	3.89	-2.19	-3.11	-6.62	-0.23
EBT Excluding Unusual Items	3.3	-3.17	-15.98	-5.69	12.67
Gain (Loss) on Sale of Investments	0.28	3.86	-0.68	1.69	1.07
Gain (Loss) on Sale of Assets	0.07	0.01	0.19	0.01	0.15
Asset Writedown	0.08	0.03	-0.01	-0.05	0.21
Pretax Income	3.72	0.74	-16.48	-4.03	14.1
Income Tax Expense	0.97	1.04	0.85	1.66	1.51
Earnings From Continuing Operations	2.75	-0.3	-17.33	-5.7	12.59
Minority Interest in Earnings	-0.46	0.82	2.5	1.07	-1.45
Net Income	2.29	0.52	-14.83	-4.62	11.14
Net Income to Common	2.29	0.52	-14.83	-4.62	11.14
Net Income Growth	344.38%	-	-	-	4167.82%
Shares Outstanding (Basic)	905	905	905	905	900
Shares Outstanding (Diluted)	905	905	905	905	900
Shares Change (YoY)	-	-	-	0.53%	0.47%
EPS (Basic)	0.00	0.00	-0.02	-0.01	0.01
EPS (Diluted)	0.00	0.00	-0.02	-0.01	0.01
EPS Growth	338.60%	-	-	-	4152.58%
Free Cash Flow	-2.13	34.81	24.35	-26.09	-50.81
Free Cash Flow Per Share	-0.00	0.04	0.03	-0.03	-0.06
Dividend Per Share	0.001	-	-	0.001	0.005
Dividend Growth	-	-	-	-83.67%	512.50%
Gross Margin	7.66%	6.89%	7.41%	7.58%	8.31%
Operating Margin	1.01%	1.20%	-0.10%	0.95%	1.84%
Profit Margin	0.27%	0.07%	-1.95%	-0.51%	1.24%
Free Cash Flow Margin	-0.25%	4.41%	3.21%	-2.88%	-5.67%
EBITDA	10.97	12.16	2.25	11.9	19.32
EBITDA Margin	1.27%	1.54%	0.30%	1.31%	2.16%
D&A For EBITDA	2.26	2.72	3.03	3.32	2.85
EBIT	8.7	9.45	-0.78	8.58	16.47
EBIT Margin	1.01%	1.20%	-0.10%	0.95%	1.84%
Effective Tax Rate	26.16%	141.25%	-	-	10.71%

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