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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	118.3	118.58	126.34	146.92	116.06	102.07
Other Revenue	-	-	-	-	-	0.51
Revenue	118.3	118.58	126.34	146.92	116.06	102.58
Revenue Growth (YoY)	-8.27%	-6.14%	-14.01%	26.59%	13.14%	1.01%
Cost of Revenue	20.69	19.98	17.85	19.67	14.15	13.29
Gross Profit	97.6	98.6	108.49	127.25	101.91	89.29
Selling, General & Admin	15.86	15.18	19.07	17.28	14.33	13.12
Other Operating Expenses	14.17	13.73	7.01	5.51	5.55	4.8
Operating Expenses	58.74	57.61	57.36	55.4	50.86	46.66
Operating Income	38.87	40.99	51.13	71.85	51.05	42.63
Interest Expense	-0.06	-0.06	-0.16	-0.03	-0.03	-0.03
Interest & Investment Income	5.55	5.55	7.62	4.56	0.21	0.02
Currency Exchange Gain (Loss)	-0.34	-0.04	0.5	0.25	0.8	1.05
Other Non Operating Income (Expenses)	0.01	-0.04	0.03	0.01	0.04	0.13
EBT Excluding Unusual Items	44.03	46.4	59.12	76.65	52.07	43.79
Gain (Loss) on Sale of Investments	-5.32	-5.32	-	-1.64	-	-
Asset Writedown	-0.02	-0.02	-0.07	-11.61	-1.1	-0.48
Legal Settlements	-0.04	-0.04	-	-	-1.18	-0.01
Other Unusual Items	-	-	-	-	0.26	-
Pretax Income	38.64	41.02	59.04	63.41	50.05	43.3
Income Tax Expense	7	7.44	10.66	11.44	9.32	7.91
Net Income	31.64	33.57	48.38	51.97	40.73	35.39
Net Income to Common	31.64	33.57	48.38	51.97	40.73	35.39
Net Income Growth	-37.01%	-30.61%	-6.91%	27.59%	15.09%	-7.25%
Shares Outstanding (Basic)	-	1	1	1	1	1
Shares Outstanding (Diluted)	-	1	1	1	1	1
Shares Change (YoY)	-	-1.07%	-	-	-	-
EPS (Basic)	-	33.68	48.01	51.58	40.42	35.12
EPS (Diluted)	-	33.68	48.01	51.58	40.42	35.12
EPS Growth	-	-29.85%	-6.91%	27.59%	15.09%	-7.25%
Free Cash Flow	29.34	35.71	26.14	68.63	56.67	43.72
Free Cash Flow Per Share	-	35.82	25.94	68.10	56.24	43.39
Dividend Per Share	-	-	28.810	30.950	-	10.027
Dividend Growth	-	-	-6.91%	-	-	-7.10%
Gross Margin	82.51%	83.15%	85.87%	86.61%	87.81%	87.05%
Operating Margin	32.86%	34.57%	40.47%	48.91%	43.99%	41.56%
Profit Margin	26.75%	28.31%	38.29%	35.38%	35.10%	34.50%
Free Cash Flow Margin	24.80%	30.11%	20.69%	46.71%	48.83%	42.63%
EBITDA	67.58	69.69	79.64	101.33	81.76	71.1
EBITDA Margin	57.12%	58.77%	63.04%	68.97%	70.45%	69.31%
D&A For EBITDA	28.71	28.7	28.51	29.48	30.71	28.47
EBIT	38.87	40.99	51.13	71.85	51.05	42.63
EBIT Margin	32.86%	34.57%	40.47%	48.91%	43.99%	41.56%
Effective Tax Rate	18.11%	18.15%	18.06%	18.03%	18.61%	18.26%
Revenue as Reported	119.84	119.79	127.59	147.33	116.72	103.51

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