ING-GRAD d.d. Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 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	150.07	128.01	97.11	81.24	57.72	51.91
Other Revenue	0.88	0.88	0.3	-	-	-
Revenue	150.95	128.89	97.41	81.24	57.72	51.91
Revenue Growth (YoY)	161.51%	32.31%	19.91%	40.74%	11.20%	-
Cost of Revenue	103.25	86.64	66.15	64.25	45.63	39.89
Gross Profit	47.7	42.25	31.27	17	12.1	12.02
Selling, General & Admin	12.75	12.44	10	5.19	2.9	2.65
Other Operating Expenses	7.8	7.66	5.53	3.14	1.55	2.49
Operating Expenses	22.55	22.08	17.46	9.47	5.31	5.8
Operating Income	25.15	20.17	13.81	7.53	6.79	6.22
Interest Expense	-0.4	-0.36	-0.07	-0.09	-0.09	-0.09
Interest & Investment Income	0.46	0.55	0.48	0.1	0.08	0.15
Earnings From Equity Investments	0.05	0.05	0.04	0.02	0.05	0.06
Currency Exchange Gain (Loss)	-0	-0	-0.15	-0.01	-0.01	-0.06
Other Non Operating Income (Expenses)	0.05	0.06	0.01	-0.31	0	0.06
EBT Excluding Unusual Items	25.31	20.47	14.11	7.24	6.82	6.35
Gain (Loss) on Sale of Assets	0.11	0.11	0.09	0.03	0.06	0.07
Asset Writedown	-0.01	-0.01	-0.01	-0	-0	-0.01
Legal Settlements	-	-	-0.09	-	-0.05	-0.01
Other Unusual Items	0	0	0	-	-	-
Pretax Income	25.41	20.57	14.1	7.27	6.83	6.4
Income Tax Expense	4.62	3.75	2.59	1.33	0.45	1.17
Net Income	20.79	16.82	11.5	5.94	6.38	5.23
Net Income to Common	20.79	16.82	11.5	5.94	6.38	5.23
Net Income Growth	225.86%	46.21%	93.77%	-6.92%	21.90%	-
Shares Outstanding (Basic)	-	3	-	-	-	-
Shares Outstanding (Diluted)	-	3	-	-	-	-
EPS (Basic)	-	6.39	-	-	-	-
EPS (Diluted)	-	6.39	-	-	-	-
Free Cash Flow	-	-1.21	21.33	6.64	1.76	8.75
Free Cash Flow Per Share	-	-0.46	-	-	-	-
Dividend Per Share	2.600	2.600	-	-	-	-
Gross Margin	31.60%	32.78%	32.10%	20.92%	20.96%	23.15%
Operating Margin	16.66%	15.65%	14.18%	9.27%	11.76%	11.98%
Profit Margin	13.77%	13.05%	11.81%	7.31%	11.05%	10.08%
Free Cash Flow Margin	-	-0.94%	21.90%	8.17%	3.04%	16.86%
EBITDA	27.2	22.15	15.54	8.66	7.63	6.86
EBITDA Margin	18.02%	17.18%	15.95%	10.66%	13.22%	13.21%
D&A For EBITDA	2.05	1.98	1.73	1.13	0.84	0.64
EBIT	25.15	20.17	13.81	7.53	6.79	6.22
EBIT Margin	16.66%	15.65%	14.18%	9.27%	11.76%	11.98%
Effective Tax Rate	18.19%	18.23%	18.39%	18.28%	6.63%	18.22%
Revenue as Reported	150.98	128.89	97.41	82.24	58.74	52.46

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