Avangrid Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	727.09	668.37	499.67	255.75	228.36	166.37
Other Revenue	-	-	-	-	-0	-
Revenue	727.09	668.37	499.67	255.75	228.36	166.37
Revenue Growth (YoY)	25.72%	33.76%	95.38%	11.99%	37.26%	-
Cost of Revenue	56.92	52.06	42.49	15.66	15.51	12.61
Gross Profit	670.18	616.31	457.18	240.09	212.85	153.76
Selling, General & Admin	397.25	387.64	294.68	161.15	133.4	100.69
Other Operating Expenses	13.07	9.91	10.64	8.46	6.5	3.56
Operating Expenses	528.01	514.69	393.53	206.75	170.58	127.96
Operating Income	142.17	101.62	63.65	33.33	42.26	25.8
Interest Expense	-20.59	-19.86	-12.21	-0.58	-0.74	-0.63
Currency Exchange Gain (Loss)	-9.49	-5.88	1.03	1.94	0.28	-1.74
Other Non Operating Income (Expenses)	3.34	-315.81	-2,871	-0.95	-0.29	0.25
EBT Excluding Unusual Items	115.43	-239.93	-2,818	33.75	41.52	23.68
Other Unusual Items	3.69	0.71	0.73	2.13	-3.98	2.66
Pretax Income	118.87	-239.22	-2,818	35.88	37.54	26.33
Income Tax Expense	26.87	19.69	7.88	8.48	10.07	6.03
Net Income	92	-258.91	-2,826	27.4	27.47	20.31
Net Income to Common	92	-258.91	-2,826	27.4	27.47	20.31
Net Income Growth	-	-	-	-0.23%	35.25%	-
Shares Outstanding (Basic)	257	214	72	64	-	-
Shares Outstanding (Diluted)	257	214	72	198	-	-
Shares Change (YoY)	109.29%	195.49%	-63.35%	-	-	-
EPS (Basic)	0.36	-1.21	-38.97	0.43	-	-
EPS (Diluted)	0.35	-1.21	-38.97	0.14	-	-
Free Cash Flow	186.07	113.22	107.09	33.84	85.33	58.85
Free Cash Flow Per Share	0.72	0.53	1.48	0.17	-	-
Gross Margin	92.17%	92.21%	91.50%	93.88%	93.21%	92.42%
Operating Margin	19.55%	15.20%	12.74%	13.03%	18.51%	15.51%
Profit Margin	12.65%	-38.74%	-565.49%	10.71%	12.03%	12.21%
Free Cash Flow Margin	25.59%	16.94%	21.43%	13.23%	37.37%	35.37%
EBITDA	224.74	213.07	146.66	67.95	70.23	47.17
EBITDA Margin	30.91%	31.88%	29.35%	26.57%	30.75%	28.36%
D&A For EBITDA	82.57	111.45	83.01	34.62	27.96	21.37
EBIT	142.17	101.62	63.65	33.33	42.26	25.8
EBIT Margin	19.55%	15.20%	12.74%	13.03%	18.51%	15.51%
Effective Tax Rate	22.61%	-	-	23.63%	26.83%	22.88%
Revenue as Reported	727.09	668.37	499.67	255.75	228.36	166.37

Updated Mar 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.