Meren Energy Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	562.4	562.1	-	-	-	-
Cost of Revenue	152.9	212.9	-	-	-	-
Gross Profit	409.5	349.2	-	-	-	-
Selling, General & Admin	24.2	29.5	23.4	31.9	27	11.7
Other Operating Expenses	9.2	9.2	0.2	-	-	-
Operating Expenses	278.4	246.6	23.6	94.1	197.6	18
Operating Income	131.1	102.6	-23.6	-94.1	-197.6	-18
Interest Expense	-49.2	-30.4	-	-7.6	-3.5	-18.3
Interest & Investment Income	4.1	4.1	7.6	7.8	2.4	0.1
Earnings From Equity Investments	-11.8	-	187.3	181	138.4	226.9
Other Non Operating Income (Expenses)	-8	-8.2	-4.7	-	-	-
EBT Excluding Unusual Items	66.2	68.1	166.6	87.1	-60.3	190.7
Merger & Restructuring Charges	-6.9	-6.9	-9	-	-	-
Gain (Loss) on Sale of Investments	-	55.9	-436.7	-	-	-
Asset Writedown	-105.3	-105.3	-	-	-	-
Pretax Income	-46	11.8	-279.1	87.1	-60.3	190.7
Income Tax Expense	78.7	43.4	-	-	-	-
Earnings From Continuing Operations	-124.7	-31.6	-279.1	87.1	-60.3	190.7
Net Income	-124.7	-31.6	-279.1	87.1	-60.3	190.7
Net Income to Common	-124.7	-31.6	-279.1	87.1	-60.3	190.7
Shares Outstanding (Basic)	676	624	449	462	474	473
Shares Outstanding (Diluted)	676	624	449	473	474	477
Shares Change (YoY)	49.86%	38.95%	-4.97%	-0.30%	-0.63%	1.18%
EPS (Basic)	-0.18	-0.05	-0.62	0.19	-0.13	0.40
EPS (Diluted)	-0.18	-0.05	-0.62	0.18	-0.13	0.40
Free Cash Flow	127.5	196.6	-56.2	-53.3	-15.5	-10.8
Free Cash Flow Per Share	0.19	0.32	-0.13	-0.11	-0.03	-0.02
Dividend Per Share	0.148	0.148	0.050	0.050	0.050	-
Dividend Growth	493.60%	196.80%	-	-	-	-
Gross Margin	72.81%	62.12%	-	-	-	-
Operating Margin	23.31%	18.25%	-	-	-	-
Profit Margin	-22.17%	-5.62%	-	-	-	-
Free Cash Flow Margin	22.67%	34.98%	-	-	-	-
EBITDA	377.5	311.6	38.6	-31.9	-27	197.6
EBITDA Margin	67.12%	55.44%	-	-	-	-
D&A For EBITDA	246.4	209	62.2	62.2	170.6	215.6
EBIT	131.1	102.6	-23.6	-94.1	-197.6	-18
EBIT Margin	23.31%	18.25%	-	-	-	-
Effective Tax Rate	-	367.80%	-	-	-	-
Revenue as Reported	562.1	562.1	-	181	138.4	226.9

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