Pirelli & C. 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
Operating Revenue	6,776	6,773	6,650	6,616	5,331
Other Revenue	-	275.82	263.4	285.44	262.77
Revenue	6,776	7,049	6,913	6,901	5,594
Revenue Growth (YoY)	-3.87%	1.96%	0.18%	23.36%	23.05%
Cost of Revenue	-	2,187	2,246	2,271	1,718
Gross Profit	6,776	4,862	4,668	4,630	3,876
Selling, General & Admin	-	1,607	1,520	1,440	1,339
Other Operating Expenses	5,228	1,768	1,746	1,829	1,435
Operating Expenses	5,802	3,958	3,829	3,818	3,291
Operating Income	974.7	904.18	838.28	811.86	585.07
Interest Expense	-183.7	-191.95	-204.79	-125.13	-122.29
Interest & Investment Income	-	46.28	50.69	41.74	23.73
Earnings From Equity Investments	52.7	27.46	11.65	2.92	1.7
Currency Exchange Gain (Loss)	-	-105.2	-84.96	-125.35	-21.83
Other Non Operating Income (Expenses)	-	-89.63	-122.23	-27.23	-16.85
EBT Excluding Unusual Items	843.7	591.14	488.65	578.81	449.53
Gain (Loss) on Sale of Investments	-	56.86	170.8	58.61	11.51
Gain (Loss) on Sale of Assets	-	2.03	1.14	2.89	1.79
Asset Writedown	-	-2.23	-30.49	-22.42	-8.51
Other Unusual Items	-83.5	-	-	-22.25	-17.56
Pretax Income	760.2	647.79	630.1	595.63	436.75
Income Tax Expense	229.5	146.69	134.2	159.73	115.16
Earnings From Continuing Operations	530.7	501.1	495.91	435.9	321.59
Net Income to Company	530.7	501.1	495.91	435.9	321.59
Minority Interest in Earnings	-	-33.12	-16.83	-18.14	-18.8
Net Income	530.7	467.98	479.08	417.76	302.8
Net Income to Common	530.7	467.98	479.08	417.76	302.8
Net Income Growth	13.40%	-2.32%	14.68%	37.97%	916.74%
Shares Outstanding (Basic)	1,061	1,000	1,000	1,000	1,000
Shares Outstanding (Diluted)	1,061	1,000	1,000	1,000	1,000
Shares Change (YoY)	6.14%	-	-	-	-
EPS (Basic)	0.50	0.47	0.48	0.42	0.30
EPS (Diluted)	0.50	0.47	0.48	0.42	0.30
EPS Growth	6.84%	-2.32%	14.68%	37.97%	916.74%
Free Cash Flow	-	916.49	982.45	828.16	662.98
Free Cash Flow Per Share	-	0.92	0.98	0.83	0.66
Dividend Per Share	0.240	0.250	0.198	0.218	0.161
Dividend Growth	-4.00%	26.26%	-9.17%	35.40%	101.25%
Gross Margin	100.00%	68.98%	67.52%	67.09%	69.29%
Operating Margin	14.38%	12.83%	12.13%	11.76%	10.46%
Profit Margin	7.83%	6.64%	6.93%	6.05%	5.41%
Free Cash Flow Margin	-	13.00%	14.21%	12.00%	11.85%
EBITDA	1,560	1,345	1,273	1,243	992.67
EBITDA Margin	23.02%	19.08%	18.41%	18.02%	17.75%
D&A For EBITDA	585.23	440.77	434.51	431.51	407.6
EBIT	974.7	904.18	838.28	811.86	585.07
EBIT Margin	14.38%	12.83%	12.13%	11.76%	10.46%
Effective Tax Rate	30.19%	22.64%	21.30%	26.82%	26.37%
Advertising Expenses	-	260.65	252.92	225.03	207.79

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