AS Tallinna Vesi (TAL:TVE1T)

AS Tallinna Vesi Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	72.48	64.38	61.14	54.56	53.29
Revenue Growth (YoY)	12.59%	5.29%	12.07%	2.37%	3.05%
Selling, General & Admin	7.74	7.17	6.1	5.1	4.9
Other Operating Expenses	43.52	38.23	37.7	38.17	33.23
Total Operating Expenses	51.26	45.4	43.79	43.27	38.13
Operating Income	21.22	18.98	17.35	11.29	15.17
Interest Expense	-3.77	-4.31	-3.2	-0.65	-0.36
Interest Income	0.11	0.19	0.12	0.01	0.01
Net Interest Expense	-3.67	-4.12	-3.08	-0.64	-0.35
Other Non-Operating Income (Expenses)	-0.12	-0.08	-0.07	-0.03	-0.03
EBT Excluding Unusual Items	17.43	14.78	14.21	10.61	14.79
Gain (Loss) on Sale of Assets	-	-	-	0.03	-
Legal Settlements	-	-	-	-	3.61
Pretax Income	17.43	14.78	14.21	10.65	18.4
Income Tax Expense	3.19	1.5	1.36	2.24	2.23
Net Income	14.24	13.28	12.84	8.41	16.17
Net Income to Common	14.24	13.28	12.84	8.41	16.17
Net Income Growth	7.22%	3.42%	52.80%	-48.00%	-3.39%
Shares Outstanding (Basic)	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20
EPS (Basic)	0.71	0.66	0.64	0.42	0.81
EPS (Diluted)	0.71	0.66	0.64	0.42	0.81
EPS Growth	7.22%	3.42%	52.80%	-48.00%	-3.38%
Free Cash Flow	-22.4	-16.48	-4.37	-5.67	8.73
Free Cash Flow Per Share	-1.12	-0.82	-0.22	-0.28	0.44
Dividend Per Share	-	0.530	0.510	0.330	0.650
Dividend Growth	-	3.92%	54.55%	-49.23%	-
Profit Margin	19.65%	20.63%	21.01%	15.41%	30.33%
Free Cash Flow Margin	-30.91%	-25.60%	-7.15%	-10.40%	16.39%
EBITDA	30.42	26.96	24.86	17.68	21.32
EBITDA Margin	41.97%	41.88%	40.66%	32.40%	40.01%
D&A For EBITDA	9.2	7.98	7.51	6.39	6.15
EBIT	21.22	18.98	17.35	11.29	15.17
EBIT Margin	29.27%	29.49%	28.38%	20.69%	28.46%
Effective Tax Rate	18.31%	10.12%	9.59%	21.04%	12.14%

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