BUL:TIB Income Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	133.64	118.36	102.06	76.09	28.41
Other Revenue	0.05	0.08	0.13	1.78	-
Revenue	133.69	118.44	102.2	77.87	28.41
Revenue Growth (YoY)	12.88%	15.89%	31.24%	174.06%	-
Cost of Revenue	15.03	9.93	7.48	3.94	1.3
Gross Profit	118.66	108.5	94.72	73.93	27.11
Selling, General & Admin	66.17	58.62	46.25	33.84	11.86
Other Operating Expenses	30	25.09	21.54	16.59	7.1
Operating Expenses	98.21	85.44	68.99	51.08	19.16
Operating Income	20.45	23.06	25.73	22.85	7.95
Interest Expense	-0.12	-0.11	-	-0.04	-
Interest & Investment Income	0.09	0.16	0.01	0.21	0.18
Currency Exchange Gain (Loss)	-0.08	0.04	-0.02	-	-0
Other Non Operating Income (Expenses)	0.74	0.32	0.1	-	-
Pretax Income	21.09	23.47	25.81	23.03	8.13
Income Tax Expense	2.5	2.52	2.69	2.38	0.75
Net Income	18.59	20.95	23.12	20.65	7.38
Net Income to Common	18.59	20.95	23.12	20.65	7.38
Net Income Growth	-11.26%	-9.39%	11.97%	179.67%	-
Shares Outstanding (Basic)	13	13	9	12	-
Shares Outstanding (Diluted)	13	13	9	12	-
Shares Change (YoY)	-0.10%	50.93%	-28.44%	-	-
EPS (Basic)	1.44	1.62	2.69	1.72	-
EPS (Diluted)	1.44	1.62	2.69	1.72	-
EPS Growth	-11.18%	-39.97%	56.47%	-	-
Free Cash Flow	14.58	21.03	23.87	14.16	10.88
Free Cash Flow Per Share	1.13	1.62	2.78	1.18	-
Dividend Per Share	-	0.390	-	0.783	-
Gross Margin	88.76%	91.61%	92.68%	94.94%	95.43%
Operating Margin	15.30%	19.47%	25.17%	29.35%	27.98%
Profit Margin	13.91%	17.69%	22.63%	26.52%	25.99%
Free Cash Flow Margin	10.90%	17.76%	23.36%	18.19%	38.29%
EBITDA	21.85	24.36	26.92	23.5	8.04
EBITDA Margin	16.35%	20.57%	26.34%	30.18%	28.28%
D&A For EBITDA	1.4	1.3	1.19	0.65	0.09
EBIT	20.45	23.06	25.73	22.85	7.95
EBIT Margin	15.30%	19.47%	25.17%	29.35%	27.98%
Effective Tax Rate	11.84%	10.72%	10.42%	10.33%	9.16%
Advertising Expenses	25.48	22.51	17.35	14.63	5.07

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.