BUL:TIB 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	137.36	133.76	118.36	102.06	76.09	28.41
Other Revenue	0.06	0.05	0.08	0.13	1.78	-
Revenue	137.42	133.81	118.44	102.2	77.87	28.41
Revenue Growth (YoY)	6.97%	12.98%	15.89%	31.24%	174.06%	-
Cost of Revenue	15.23	15.06	9.93	7.48	3.94	1.3
Gross Profit	122.19	118.75	108.5	94.72	73.93	27.11
Selling, General & Admin	71.88	66.44	58.62	46.25	33.84	11.86
Amortization of Goodwill & Intangibles	-	-	-	-	0.65	-
Other Operating Expenses	30.58	29.93	25.09	21.54	16.59	7.1
Operating Expenses	105.51	98.44	85.44	68.99	51.08	19.16
Operating Income	16.68	20.32	23.06	25.73	22.85	7.95
Interest Expense	-0.2	-0.12	-0.11	-	-0.04	-
Interest & Investment Income	0.09	0.09	0.16	0.01	0.21	0.18
Earnings From Equity Investments	-0.01	-0.01	-	-	-	-
Currency Exchange Gain (Loss)	-0.09	-0.09	0.04	-0.02	-	-0
Other Non Operating Income (Expenses)	0.26	0.74	0.32	0.1	-	-
Pretax Income	16.73	20.93	23.47	25.81	23.03	8.13
Income Tax Expense	2.02	2.35	2.52	2.69	2.38	0.75
Net Income	14.75	18.58	20.95	23.12	20.65	7.38
Net Income to Common	14.75	18.58	20.95	23.12	20.65	7.38
Net Income Growth	-15.60%	-11.33%	-9.39%	11.97%	179.67%	-
Shares Outstanding (Basic)	13	13	13	9	12	-
Shares Outstanding (Diluted)	13	13	13	9	12	-
Shares Change (YoY)	-0.64%	-0.10%	50.93%	-28.44%	-	-
EPS (Basic)	1.14	1.43	1.62	2.69	1.72	-
EPS (Diluted)	1.14	1.43	1.62	2.69	1.72	-
EPS Growth	-15.05%	-11.24%	-39.97%	56.47%	-	-
Free Cash Flow	11.49	14.57	21.03	23.87	14.16	10.88
Free Cash Flow Per Share	0.89	1.13	1.62	2.78	1.18	-
Dividend Per Share	-	-	1.570	-	0.783	-
Gross Margin	88.92%	88.75%	91.61%	92.68%	94.94%	95.43%
Operating Margin	12.14%	15.18%	19.47%	25.17%	29.35%	27.98%
Profit Margin	10.74%	13.88%	17.69%	22.63%	26.52%	25.99%
Free Cash Flow Margin	8.36%	10.89%	17.76%	23.36%	18.19%	38.29%
EBITDA	19.24	21.89	24.36	26.92	23.5	8.04
EBITDA Margin	14.00%	16.36%	20.57%	26.34%	30.18%	28.28%
D&A For EBITDA	2.56	1.58	1.3	1.19	0.65	0.09
EBIT	16.68	20.32	23.06	25.73	22.85	7.95
EBIT Margin	12.14%	15.18%	19.47%	25.17%	29.35%	27.98%
Effective Tax Rate	12.07%	11.23%	10.72%	10.42%	10.33%	9.16%
Advertising Expenses	-	25.68	22.51	17.35	14.63	5.07

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