Naftna Industrija Srbije a.d. (BELEX:NIIS)

BELEX:NIIS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	332,258	384,844	364,517	486,083	277,502	193,456
Other Revenue	23,222	23,222	47,630	27,603	17,661	-
Revenue	355,479	408,066	412,148	513,687	295,162	193,456
Revenue Growth (YoY)	-16.10%	-0.99%	-19.77%	74.03%	52.57%	-28.79%
Cost of Revenue	281,193	321,766	298,449	341,326	209,539	139,652
Gross Profit	74,287	86,300	113,699	172,361	85,623	53,803
Selling, General & Admin	34,308	33,910	30,533	25,811	24,035	33,022
Other Operating Expenses	7,182	8,125	15,427	7,421	7,220	5,227
Operating Expenses	70,091	69,155	71,206	58,824	57,168	61,296
Operating Income	4,196	17,144	42,493	113,537	28,455	-7,493
Interest Expense	-3,350	-3,549	-3,148	-1,797	-1,645	-1,623
Interest & Investment Income	1,339	1,836	4,618	1,952	135.89	311.27
Earnings From Equity Investments	979.45	-105.92	-137.72	1,284	-164.53	-103.67
Currency Exchange Gain (Loss)	-1,204	-1,046	-254.49	-2,168	-939.01	-308.2
Other Non Operating Income (Expenses)	57.33	9.35	-7.3	-89.99	19.49	-158.14
EBT Excluding Unusual Items	2,018	14,290	43,564	112,717	25,862	-9,375
Gain (Loss) on Sale of Assets	-	-	-	-	-	-125.91
Asset Writedown	91.62	160.49	-13.13	-2.84	-543.4	-609.04
Legal Settlements	-492.47	-492.47	-287.9	-2,852	-	2.31
Other Unusual Items	-120.56	95.47	8,898	-24.73	-118.24	976.75
Pretax Income	1,497	14,053	52,161	109,838	25,201	-9,130
Income Tax Expense	357.53	3,974	7,968	17,463	4,244	-1,564
Earnings From Continuing Operations	1,139	10,079	44,193	92,375	20,957	-7,566
Minority Interest in Earnings	910.28	765.4	474.61	-	-	-
Net Income	2,049	10,845	44,667	92,375	20,957	-7,566
Net Income to Common	2,049	10,845	44,667	92,375	20,957	-7,566
Net Income Growth	-94.40%	-75.72%	-51.65%	340.78%	-	-
Shares Outstanding (Basic)	163	163	163	163	163	163
Shares Outstanding (Diluted)	163	163	163	163	163	163
EPS (Basic)	12.57	66.51	273.93	566.51	128.52	-46.40
EPS (Diluted)	12.57	66.51	273.93	566.51	128.52	-46.40
EPS Growth	-94.40%	-75.72%	-51.65%	340.78%	-	-
Free Cash Flow	6,313	694.75	-15,380	88,626	19,402	1,450
Free Cash Flow Per Share	38.72	4.26	-94.32	543.51	118.99	8.89
Dividend Per Share	-	-	64.260	143.290	35.460	6.140
Dividend Growth	-	-	-55.15%	304.09%	477.52%	-77.38%
Gross Margin	20.90%	21.15%	27.59%	33.55%	29.01%	27.81%
Operating Margin	1.18%	4.20%	10.31%	22.10%	9.64%	-3.87%
Profit Margin	0.58%	2.66%	10.84%	17.98%	7.10%	-3.91%
Free Cash Flow Margin	1.78%	0.17%	-3.73%	17.25%	6.57%	0.75%
EBITDA	31,476	43,308	66,790	138,085	53,405	13,584
EBITDA Margin	8.85%	10.61%	16.20%	26.88%	18.09%	7.02%
D&A For EBITDA	27,280	26,164	24,297	24,548	24,949	21,077
EBIT	4,196	17,144	42,493	113,537	28,455	-7,493
EBIT Margin	1.18%	4.20%	10.31%	22.10%	9.64%	-3.87%
Effective Tax Rate	23.89%	28.28%	15.28%	15.90%	16.84%	-
Revenue as Reported	355,479	408,066	412,148	513,687	295,162	190,957
Advertising Expenses	-	-	-	-	-	573.15

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.