Jadranski naftovod d.d. (ZSE:JNAF)

Jadranski naftovod 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	124.56	126.34	146.92	116.06	102.07	101.41
Other Revenue	-	-	-	-	0.51	0.13
Revenue	124.56	126.34	146.92	116.06	102.58	101.55
Revenue Growth (YoY)	-4.76%	-14.01%	26.59%	13.14%	1.01%	13.01%
Cost of Revenue	18.47	17.85	19.67	14.15	13.29	15.03
Gross Profit	106.09	108.49	127.25	101.91	89.29	86.52
Selling, General & Admin	21.21	19.07	17.28	14.33	13.12	12.24
Other Operating Expenses	5.96	7.01	5.51	5.55	4.8	3.19
Operating Expenses	58.43	57.36	55.4	50.86	46.66	38.96
Operating Income	47.65	51.13	71.85	51.05	42.63	47.56
Interest Expense	-0.1	-0.16	-0.03	-0.03	-0.03	-0.03
Interest & Investment Income	5.89	7.62	4.56	0.21	0.02	0.09
Currency Exchange Gain (Loss)	0.57	0.5	0.25	0.8	1.05	-0.83
Other Non Operating Income (Expenses)	0.03	0.03	0.01	0.04	0.13	0.01
EBT Excluding Unusual Items	54.03	59.12	76.65	52.07	43.79	46.8
Gain (Loss) on Sale of Investments	-	-	-1.64	-	-	-
Asset Writedown	-0.09	-0.07	-11.61	-1.1	-0.48	-0.21
Legal Settlements	-	-	-	-1.18	-0.01	-0.02
Other Unusual Items	-	-	-	0.26	-	-
Pretax Income	53.94	59.04	63.41	50.05	43.3	46.57
Income Tax Expense	9.79	10.66	11.44	9.32	7.91	8.41
Net Income	44.15	48.38	51.97	40.73	35.39	38.16
Net Income to Common	44.15	48.38	51.97	40.73	35.39	38.16
Net Income Growth	11.21%	-6.91%	27.59%	15.09%	-7.25%	8.40%
Shares Outstanding (Basic)	1	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1	1
EPS (Basic)	43.81	48.01	51.58	40.42	35.12	37.87
EPS (Diluted)	43.81	48.01	51.58	40.42	35.12	37.87
EPS Growth	11.69%	-6.91%	27.59%	15.09%	-7.25%	8.40%
Free Cash Flow	28.15	26.14	68.63	56.67	43.72	3.46
Free Cash Flow Per Share	27.94	25.94	68.10	56.24	43.39	3.43
Dividend Per Share	28.810	28.810	30.950	-	10.027	10.794
Dividend Growth	-6.91%	-6.91%	-	-	-7.10%	8.43%
Gross Margin	85.17%	85.87%	86.61%	87.81%	87.05%	85.20%
Operating Margin	38.26%	40.47%	48.91%	43.99%	41.56%	46.84%
Profit Margin	35.45%	38.29%	35.38%	35.10%	34.50%	37.58%
Free Cash Flow Margin	22.60%	20.69%	46.71%	48.83%	42.63%	3.41%
EBITDA	76.15	79.64	101.33	81.76	71.1	70.78
EBITDA Margin	61.13%	63.04%	68.97%	70.45%	69.31%	69.70%
D&A For EBITDA	28.49	28.51	29.48	30.71	28.47	23.22
EBIT	47.65	51.13	71.85	51.05	42.63	47.56
EBIT Margin	38.26%	40.47%	48.91%	43.99%	41.56%	46.84%
Effective Tax Rate	18.15%	18.06%	18.03%	18.61%	18.26%	18.05%
Revenue as Reported	125.78	127.59	147.33	116.72	103.51	103.13

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