Train Alliance AB Income Statement

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

Millions SEK. 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
Operating Revenue	294.79	271.24	166.32	145.04	141.85
Revenue	294.79	271.24	166.32	145.04	141.85
Revenue Growth (YoY)	8.68%	63.08%	14.67%	2.25%	-12.68%
Cost of Revenue	176.39	194.55	195.18	104.35	94.94
Gross Profit	118.4	76.7	-28.86	40.69	46.91
Selling, General & Admin	30.45	26.94	22.59	22.88	9.03
Other Operating Expenses	-45.08	-1.27	-106.4	-119.99	-0.03
Operating Expenses	1.29	39.96	-67.8	-80.32	21.39
Operating Income	117.12	36.74	38.95	121.01	25.52
Interest Expense	-25.39	-18.25	-19.86	-7.12	-5.97
Interest & Investment Income	15.38	17.78	19.15	3.21	0.36
Currency Exchange Gain (Loss)	-	0.02	-	0	0.1
Other Non Operating Income (Expenses)	-	-0.02	-2.61	-0.01	-0.02
Pretax Income	107.11	36.28	35.63	117.1	19.99
Income Tax Expense	9.34	8.19	-1.29	0.41	0.61
Net Income	97.77	28.09	36.92	116.69	19.38
Net Income to Common	97.77	28.09	36.92	116.69	19.38
Net Income Growth	248.06%	-23.91%	-68.36%	502.10%	16.70%
Shares Outstanding (Basic)	79	79	79	79	75
Shares Outstanding (Diluted)	79	79	79	79	75
Shares Change (YoY)	-	-	-	6.23%	67.49%
EPS (Basic)	1.24	0.35	0.47	1.47	0.26
EPS (Diluted)	1.24	0.35	0.47	1.47	0.26
EPS Growth	248.06%	-23.91%	-68.36%	466.94%	-30.34%
Free Cash Flow	38.89	198.88	-109.29	-306.23	-446.93
Free Cash Flow Per Share	0.49	2.51	-1.38	-3.87	-6.00
Dividend Per Share	-	-	0.230	-	-
Gross Margin	40.16%	28.28%	-17.35%	28.06%	33.07%
Operating Margin	39.73%	13.55%	23.42%	83.43%	17.99%
Profit Margin	33.17%	10.36%	22.20%	80.45%	13.66%
Free Cash Flow Margin	13.19%	73.32%	-65.71%	-211.13%	-315.07%
EBITDA	133.03	51.03	54.95	137.8	37.92
EBITDA Margin	45.13%	18.81%	33.04%	95.01%	26.73%
D&A For EBITDA	15.91	14.29	16.01	16.79	12.4
EBIT	117.12	36.74	38.95	121.01	25.52
EBIT Margin	39.73%	13.55%	23.42%	83.43%	17.99%
Effective Tax Rate	8.72%	22.57%	-	0.35%	3.05%
Revenue as Reported	339.87	272.51	272.72	265.03	141.88

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