Raval ACS 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	200.74	221.57	233.12	244.82	232.12
Revenue Growth (YoY)	-9.40%	-4.95%	-4.78%	5.47%	-3.18%
Cost of Revenue	156.6	177.44	188.77	195.68	178.66
Gross Profit	44.15	44.13	44.34	49.14	53.45
Selling, General & Admin	23.83	26.24	27.32	29.95	27.67
Research & Development	8.03	8.19	8.39	8.26	8.64
Other Operating Expenses	-0.51	-0.79	-1.4	-0.22	-2.1
Operating Expenses	31.36	33.64	34.3	37.99	34.2
Operating Income	12.79	10.49	10.04	11.16	19.25
Interest Expense	-0.94	-0.8	-0.86	-0.95	-1.03
Interest & Investment Income	0.27	0.36	0.5	0.42	0.33
Currency Exchange Gain (Loss)	-1.82	0.67	-0.57	1.06	-1.11
Other Non Operating Income (Expenses)	-3.28	-4.6	-4.71	-2.6	-0.66
EBT Excluding Unusual Items	7.02	6.12	4.39	9.09	16.78
Gain (Loss) on Sale of Investments	-	-	-	-	0.26
Gain (Loss) on Sale of Assets	-0.2	0.01	-0.03	0.02	-0
Pretax Income	6.88	6.32	4.36	9.1	17.04
Income Tax Expense	2.32	2.28	4.31	6.67	6.71
Earnings From Continuing Operations	4.56	4.04	0.06	2.43	10.33
Net Income	4.56	4.04	0.06	2.43	10.33
Net Income to Common	4.56	4.04	0.06	2.43	10.33
Net Income Growth	12.91%	7108.93%	-97.70%	-76.44%	-40.16%
Shares Outstanding (Basic)	82	82	85	85	85
Shares Outstanding (Diluted)	82	82	85	88	85
Shares Change (YoY)	-0.31%	-3.60%	-3.46%	3.87%	-8.94%
EPS (Basic)	0.06	0.05	0.00	0.03	0.12
EPS (Diluted)	0.06	0.05	0.00	0.03	0.12
EPS Growth	13.26%	7378.51%	-97.63%	-77.11%	-35.67%
Free Cash Flow	24.91	8.45	23.71	14.43	26.83
Free Cash Flow Per Share	0.30	0.10	0.28	0.16	0.32
Dividend Per Share	-	0.048	0.061	0.062	-
Dividend Growth	-	-21.26%	-1.56%	-	-
Gross Margin	21.99%	19.92%	19.02%	20.07%	23.03%
Operating Margin	6.37%	4.73%	4.31%	4.56%	8.29%
Profit Margin	2.27%	1.82%	0.02%	0.99%	4.45%
Free Cash Flow Margin	12.41%	3.81%	10.17%	5.90%	11.56%
EBITDA	25	23.79	31.96	37.95	44.05
EBITDA Margin	12.45%	10.74%	13.71%	15.50%	18.98%
D&A For EBITDA	12.21	13.3	21.92	26.79	24.8
EBIT	12.79	10.49	10.04	11.16	19.25
EBIT Margin	6.37%	4.73%	4.31%	4.56%	8.29%
Effective Tax Rate	33.74%	36.11%	98.72%	73.27%	39.38%

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