Jadranski naftovod d.d. 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	118.58	126.34	146.92	116.06	102.07
Other Revenue	-	-	-	-	0.51
Revenue	118.58	126.34	146.92	116.06	102.58
Revenue Growth (YoY)	-6.14%	-14.01%	26.59%	13.14%	1.01%
Cost of Revenue	19.98	17.85	19.67	14.15	13.29
Gross Profit	98.6	108.49	127.25	101.91	89.29
Selling, General & Admin	15.18	19.07	17.28	14.33	13.12
Other Operating Expenses	13.73	7.01	5.51	5.55	4.8
Operating Expenses	57.61	57.36	55.4	50.86	46.66
Operating Income	40.99	51.13	71.85	51.05	42.63
Interest Expense	-0.06	-0.16	-0.03	-0.03	-0.03
Interest & Investment Income	5.55	7.62	4.56	0.21	0.02
Currency Exchange Gain (Loss)	-0.04	0.5	0.25	0.8	1.05
Other Non Operating Income (Expenses)	-0.04	0.03	0.01	0.04	0.13
EBT Excluding Unusual Items	46.4	59.12	76.65	52.07	43.79
Gain (Loss) on Sale of Investments	-5.32	-	-1.64	-	-
Asset Writedown	-0.02	-0.07	-11.61	-1.1	-0.48
Legal Settlements	-0.04	-	-	-1.18	-0.01
Other Unusual Items	-	-	-	0.26	-
Pretax Income	41.02	59.04	63.41	50.05	43.3
Income Tax Expense	7.44	10.66	11.44	9.32	7.91
Net Income	33.57	48.38	51.97	40.73	35.39
Net Income to Common	33.57	48.38	51.97	40.73	35.39
Net Income Growth	-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	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	83.15%	85.87%	86.61%	87.81%	87.05%
Operating Margin	34.57%	40.47%	48.91%	43.99%	41.56%
Profit Margin	28.31%	38.29%	35.38%	35.10%	34.50%
Free Cash Flow Margin	30.11%	20.69%	46.71%	48.83%	42.63%
EBITDA	69.69	79.64	101.33	81.76	71.1
EBITDA Margin	58.77%	63.04%	68.97%	70.45%	69.31%
D&A For EBITDA	28.7	28.51	29.48	30.71	28.47
EBIT	40.99	51.13	71.85	51.05	42.63
EBIT Margin	34.57%	40.47%	48.91%	43.99%	41.56%
Effective Tax Rate	18.15%	18.06%	18.03%	18.61%	18.26%
Revenue as Reported	119.79	127.59	147.33	116.72	103.51

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