Hrvatski Telekom d.d. (ZSE:HT)

Hrvatski Telekom d.d. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,124	1,102	1,039	983.5	983.71	987.87
Revenue Growth (YoY)	5.15%	5.99%	5.68%	-0.02%	-0.42%	-4.58%
Cost of Revenue	515.9	503.39	476.68	439.37	429.78	445.19
Gross Profit	608.55	598.19	562.65	544.13	553.93	542.68
Selling, General & Admin	19.23	19.23	16.43	16.24	12.77	12.05
Other Operating Expenses	123.94	115.55	101.39	105.79	102.32	108.75
Operating Expenses	422.75	411.12	400.09	394.2	425.66	421.21
Operating Income	185.8	187.07	162.57	149.93	128.27	121.46
Interest Expense	-9.27	-8.95	-7.62	-8.35	-9.45	-11.92
Interest & Investment Income	5.32	6.99	7.01	0.95	1.06	0.79
Earnings From Equity Investments	-	-	-	-	-	-0.13
Currency Exchange Gain (Loss)	0.03	0.06	-0.07	-0.41	-0.13	-0.93
Other Non Operating Income (Expenses)	-2.92	1.38	0.57	2.33	2.4	0.93
EBT Excluding Unusual Items	178.96	186.55	162.45	144.46	122.15	110.2
Merger & Restructuring Charges	-7.68	-7.68	-8.67	-8.04	-9.45	-11.26
Impairment of Goodwill	-	-	-	-	-5.19	-2.65
Gain (Loss) on Sale of Investments	0	-	-	-18.8	-	-
Gain (Loss) on Sale of Assets	4.18	4.18	0.31	7.22	1.73	2.12
Asset Writedown	-1.95	-1.95	-0.75	-1.92	-3.19	-3.05
Legal Settlements	0.49	-7.22	2.9	-6.56	-7.19	-1.59
Other Unusual Items	3.24	3.24	4.21	1.03	0.13	0.79
Pretax Income	177.25	177.12	160.45	117.39	99	94.57
Income Tax Expense	32.93	33.93	26.83	29.79	17.3	18.54
Earnings From Continuing Operations	144.31	143.2	133.61	87.6	81.7	76.03
Minority Interest in Earnings	-1.56	-1.33	-1.59	-0.61	0.13	1.85
Net Income	142.76	141.87	132.03	86.99	81.83	77.88
Net Income to Common	142.76	141.87	132.03	86.99	81.83	77.88
Net Income Growth	5.13%	7.45%	51.78%	6.30%	5.07%	-21.68%
Shares Outstanding (Basic)	77	78	78	79	80	80
Shares Outstanding (Diluted)	77	78	78	79	80	80
Shares Change (YoY)	-	-0.41%	-1.08%	-1.31%	-0.27%	-0.57%
EPS (Basic)	1.87	1.82	1.69	1.10	1.02	0.97
EPS (Diluted)	1.87	1.82	1.69	1.10	1.02	0.97
EPS Growth	-	7.89%	53.44%	7.70%	5.35%	-21.23%
Free Cash Flow	182.61	193.21	56.95	150.13	175.64	99.21
Free Cash Flow Per Share	2.39	2.48	0.73	1.90	2.19	1.23
Dividend Per Share	1.640	1.640	1.530	1.100	1.064	1.060
Dividend Growth	7.19%	7.19%	39.09%	3.34%	0.46%	-1.43%
Gross Margin	54.12%	54.30%	54.14%	55.33%	56.31%	54.93%
Operating Margin	16.52%	16.98%	15.64%	15.25%	13.04%	12.30%
Profit Margin	12.70%	12.88%	12.70%	8.85%	8.32%	7.88%
Free Cash Flow Margin	16.24%	17.54%	5.48%	15.27%	17.85%	10.04%
EBITDA	360.29	358.32	342.3	325.32	321.21	313.66
EBITDA Margin	32.04%	32.53%	32.93%	33.08%	32.65%	31.75%
D&A For EBITDA	174.5	171.25	179.73	175.38	192.94	192.2
EBIT	185.8	187.07	162.57	149.93	128.27	121.46
EBIT Margin	16.52%	16.98%	15.64%	15.25%	13.04%	12.30%
Effective Tax Rate	18.58%	19.16%	16.72%	25.38%	17.47%	19.61%
Advertising Expenses	-	15.84	14.4	13.89	12.77	12.05

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.