VAT Group AG Income Statement

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

Millions CHF. 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	1,074	942.2	885.32	1,145	901.16
Revenue Growth (YoY)	13.94%	6.42%	-22.71%	27.11%	30.14%
Cost of Revenue	391.57	316.12	338.64	411.78	330.69
Gross Profit	681.94	626.08	546.67	733.7	570.47
Selling, General & Admin	262.27	245.05	213.41	230.26	201.16
Depreciation & Amortization Expenses	48.77	43.49	42.33	40.97	43.06
Other Operating Expenses	98.09	87.36	62.35	103.02	61.39
Total Operating Expenses	409.13	375.9	318.09	374.25	305.61
Operating Income	272.81	250.18	228.58	359.45	264.86
Interest Income	1.38	9.48	2.61	2.23	0.24
Interest Expense	-16.88	-7.07	-24.11	-5.23	-7.37
Total Non-Operating Income (Expense)	-15.5	2.41	-21.5	-3	-7.13
Pretax Income	257.32	252.59	207.09	356.45	257.74
Provision for Income Taxes	43.03	40.79	16.78	49.67	40.3
Net Income	214.28	211.8	190.31	306.78	217.44
Net Income to Common	214.28	211.8	190.31	306.78	217.44
Net Income Growth	1.17%	11.29%	-37.96%	41.09%	69.95%
Shares Outstanding (Basic)	30	30	30	30	30
Shares Outstanding (Diluted)	30	30	30	30	30
Shares Change (YoY)	-0.01%	-0.02%	-0.02%	-0.04%	0.05%
EPS (Basic)	7.15	7.06	6.35	10.23	7.25
EPS (Diluted)	7.14	7.06	6.34	10.22	7.24
EPS Growth	1.13%	11.36%	-37.96%	41.16%	69.95%
Shares Outstanding	29.97	29.98	30	29.98	29.99
Free Cash Flow	240.97	194	196.14	234.99	207.37
Free Cash Flow Growth	24.21%	-1.09%	-16.53%	13.32%	30.96%
Free Cash Flow Per Share	8.03	6.47	6.54	7.83	6.91
Dividends Per Share	7.000	6.250	6.250	6.250	5.500
Dividend Growth	12.00%	-	-	13.64%	22.22%
Gross Margin	63.52%	66.45%	61.75%	64.05%	63.30%
Operating Margin	25.41%	26.55%	25.82%	31.38%	29.39%
Profit Margin	19.96%	22.48%	21.50%	26.78%	24.13%
FCF Margin	22.45%	20.59%	22.15%	20.51%	23.01%
EBITDA	321.58	293.67	270.91	400.42	307.92
EBITDA Margin	29.96%	31.17%	30.60%	34.96%	34.17%
EBIT	272.81	250.18	228.58	359.45	264.86
EBIT Margin	25.41%	26.55%	25.82%	31.38%	29.39%
Effective Tax Rate	16.72%	16.15%	8.10%	13.93%	15.63%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.