Frontline Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	1,971	2,163	1,826	1,438
Revenue Growth (YoY)	-8.85%	18.41%	26.98%	-
Cost of Revenue	992.59	1,006	795.13	780.71
Gross Profit	978.58	1,157	1,031	657.54
Selling, General & Admin	51.37	36.09	53.53	47.37
Depreciation & Amortization Expenses	328.46	339.03	230.94	165.17
Other Operating Expenses	-	-	-	0.62
Total Operating Expenses	379.83	375.12	284.47	213.17
Operating Income	598.75	781.71	746.67	445.62
Interest Income	21.18	20.03	58.3	-
Interest Expense	-233.23	-295.09	-171.34	-
Other Non-Operating Income (Expense)	-1.6	-3.41	22.99	-
Total Non-Operating Income (Expense)	-213.65	-278.46	-90.05	-
Pretax Income	385.1	503.25	656.62	475.95
Provision for Income Taxes	6.02	7.67	0.21	0.41
Net Income	379.08	495.58	656.41	475.54
Net Income to Common	379.08	495.58	656.41	475.54
Net Income Growth	-23.51%	-24.50%	38.04%	-
Shares Outstanding (Basic)	223	223	223	214
Shares Outstanding (Diluted)	223	223	223	214
Shares Change (YoY)	-	-	4.02%	-
EPS (Basic)	1.70	2.23	2.95	2.22
EPS (Diluted)	1.70	2.23	2.95	2.22
EPS Growth	-23.77%	-24.41%	32.88%	-
Shares Outstanding	222.62	222.62	222.62	222.62
Free Cash Flow	669.93	-178.84	-775.24	49.52
Free Cash Flow Per Share	3.01	-0.80	-3.48	0.23
Dividends Per Share	1.760	1.780	2.170	1.220
Dividend Growth	-1.12%	-17.97%	77.87%	-
Gross Margin	49.64%	53.49%	56.46%	45.72%
Operating Margin	30.38%	36.15%	40.88%	30.98%
Profit Margin	19.23%	22.92%	35.94%	33.06%
FCF Margin	33.99%	-8.27%	-42.45%	3.44%
EBITDA	927.21	1,121	977.61	610.79
EBITDA Margin	47.04%	51.83%	53.53%	42.47%
EBIT	598.75	781.71	746.67	445.62
EBIT Margin	30.38%	36.15%	40.88%	30.98%
Effective Tax Rate	1.56%	1.52%	0.03%	0.09%

Updated Feb 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q