Smart Organic AD Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	113.5	92.27	80.98	56.77	47.48	36.86
Other Revenue	-	-	-	-	-	0.01
Revenue	113.5	92.27	80.98	56.77	47.48	36.87
Revenue Growth (YoY)	30.73%	13.95%	42.64%	19.57%	28.77%	-
Cost of Revenue	60.27	45.95	41.58	30.26	24.44	19.15
Gross Profit	53.23	46.32	39.39	26.51	23.03	17.72
Selling, General & Admin	34.74	27.34	22.02	14.58	12.1	9.83
Other Operating Expenses	1.03	0.21	0.94	0.38	1.06	0.43
Operating Expenses	39.77	30.4	25.84	17.22	15.14	12.01
Operating Income	13.46	15.93	13.55	9.29	7.89	5.72
Interest Expense	-0.4	-0.28	-0.14	-0.08	-0.11	-0.15
Interest & Investment Income	0.07	0.07	0.02	0	0	0.03
Earnings From Equity Investments	-0	-0	0.01	-0.02	-0	0.01
Currency Exchange Gain (Loss)	-0.37	0.06	-0.03	-0.03	-0	-0.01
Other Non Operating Income (Expenses)	0.31	-0.05	-0.08	-0.09	-0.11	-0.04
EBT Excluding Unusual Items	13.06	15.71	13.33	9.08	7.67	5.56
Gain (Loss) on Sale of Investments	0.16	0.16	0.02	-	-	-
Gain (Loss) on Sale of Assets	-0.79	-	0.1	0.01	-	-
Other Unusual Items	0.13	0.13	0.1	0.03	0	0.01
Pretax Income	12.56	16	13.56	9.13	7.67	5.56
Income Tax Expense	-0.61	1.77	1.53	0.96	0.78	0.54
Earnings From Continuing Operations	13.18	14.24	12.03	8.17	6.89	5.02
Minority Interest in Earnings	-0	-0.04	-0.03	0.03	-	-
Net Income	13.17	14.2	12	8.19	6.89	5.02
Net Income to Common	13.17	14.2	12	8.19	6.89	5.02
Net Income Growth	6.74%	18.36%	46.46%	18.91%	37.18%	-
Shares Outstanding (Basic)	-	11	10	10	4	2
Shares Outstanding (Diluted)	-	11	10	10	4	2
Shares Change (YoY)	-	4.89%	-	189.81%	137.16%	-
EPS (Basic)	-	1.31	1.16	0.79	1.94	3.35
EPS (Diluted)	-	1.31	1.16	0.79	1.94	3.35
EPS Growth	-	12.84%	46.46%	-58.97%	-42.16%	-
Free Cash Flow	0.25	-8.12	0.48	-3.55	1.03	4.09
Free Cash Flow Per Share	-	-0.75	0.05	-0.34	0.29	2.72
Dividend Per Share	0.240	0.240	0.220	0.200	-	-
Dividend Growth	9.09%	9.09%	10.00%	-	-	-
Gross Margin	46.90%	50.20%	48.65%	46.70%	48.51%	48.07%
Operating Margin	11.86%	17.26%	16.74%	16.36%	16.62%	15.50%
Profit Margin	11.61%	15.39%	14.82%	14.43%	14.51%	13.62%
Free Cash Flow Margin	0.22%	-8.80%	0.59%	-6.26%	2.17%	11.08%
EBITDA	16.82	18.15	15.53	10.77	9.05	6.68
EBITDA Margin	14.82%	19.67%	19.17%	18.98%	19.06%	18.11%
D&A For EBITDA	3.36	2.22	1.97	1.48	1.16	0.96
EBIT	13.46	15.93	13.55	9.29	7.89	5.72
EBIT Margin	11.86%	17.26%	16.74%	16.36%	16.62%	15.50%
Effective Tax Rate	-	11.04%	11.30%	10.52%	10.18%	9.72%
Advertising Expenses	-	2.03	1.45	1.05	0.79	0.95

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