AS Merko Ehitus 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	310.94	539.05	466.3	409.63	339.38
Revenue Growth (YoY)	-42.32%	15.60%	13.84%	20.70%	7.42%
Cost of Revenue	255.08	443.16	401.27	355.98	292.56
Gross Profit	55.86	95.89	65.04	53.66	46.81
Selling, General & Admin	23.3	26.94	23.74	19.94	17.54
Other Operating Expenses	0.33	1.39	0.08	1.26	-0.7
Operating Expenses	23.64	28.32	23.82	21.2	16.84
Operating Income	32.23	67.56	41.22	32.46	29.98
Interest Expense	-0.84	-1.82	-2.7	-1.18	-0.68
Interest & Investment Income	3.04	3.93	2.44	2.26	2.13
Earnings From Equity Investments	10.38	4.86	10.22	3.52	0.8
Currency Exchange Gain (Loss)	-0.02	-0.95	-0.17	-0.14	-0.01
Other Non Operating Income (Expenses)	-0.31	-0.18	-0.17	-0.13	-0.2
EBT Excluding Unusual Items	44.48	73.41	50.85	36.79	32.02
Gain (Loss) on Sale of Assets	0.24	2.92	0.96	0.31	0.11
Other Unusual Items	0.04	0.09	0.18	-	-
Pretax Income	44.77	76.41	51.98	37.1	32.13
Income Tax Expense	4.85	11.82	6.08	3	3.1
Earnings From Continuing Operations	39.92	64.59	45.9	34.1	29.02
Minority Interest in Earnings	-	0.07	0.15	0.54	0.12
Net Income	39.92	64.67	46.05	34.64	29.14
Net Income to Common	39.92	64.67	46.05	34.64	29.14
Net Income Growth	-38.27%	40.44%	32.93%	18.87%	26.73%
Shares Outstanding (Basic)	18	18	18	18	18
Shares Outstanding (Diluted)	18	18	18	18	18
EPS (Basic)	2.26	3.65	2.60	1.96	1.65
EPS (Diluted)	2.26	3.65	2.60	1.96	1.65
EPS Growth	-38.27%	40.44%	32.93%	18.87%	26.73%
Free Cash Flow	-7.78	56.03	113.74	-42.9	-2.6
Free Cash Flow Per Share	-0.44	3.17	6.43	-2.42	-0.15
Dividend Per Share	1.250	1.900	1.300	1.000	1.000
Dividend Growth	-34.21%	46.15%	30.00%	-	-
Gross Margin	17.96%	17.79%	13.95%	13.10%	13.79%
Operating Margin	10.36%	12.53%	8.84%	7.92%	8.83%
Profit Margin	12.84%	12.00%	9.88%	8.46%	8.59%
Free Cash Flow Margin	-2.50%	10.39%	24.39%	-10.47%	-0.77%
EBITDA	34.1	69.38	43.45	34.19	31.37
EBITDA Margin	10.97%	12.87%	9.32%	8.34%	9.24%
D&A For EBITDA	1.88	1.82	2.24	1.73	1.39
EBIT	32.23	67.56	41.22	32.46	29.98
EBIT Margin	10.36%	12.53%	8.84%	7.92%	8.83%
Effective Tax Rate	10.83%	15.47%	11.70%	8.07%	9.66%

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