Turism, Hoteluri, Restaurante Marea Neagra S.A. (BVB:EFO)

BVB:EFO Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	14.39	15.18	27.18	35.43	43.01	21.32
Other Revenue	1.11	0.9	0.24	9.95	2.47	1.78
Revenue	15.5	16.08	27.42	45.38	45.48	23.1
Revenue Growth (YoY)	-23.55%	-41.36%	-39.58%	-0.22%	96.89%	-52.88%
Cost of Revenue	2.47	2.72	7.05	30.78	28.58	19.43
Gross Profit	13.03	13.36	20.37	14.6	16.91	3.67
Selling, General & Admin	2.42	2.38	4.01	13.22	6.87	2.96
Other Operating Expenses	1.61	0.16	1.7	3.8	8.31	2.67
Operating Expenses	4.96	4.08	8.47	26.75	29.33	11.53
Operating Income	8.08	9.28	11.9	-12.15	-12.42	-7.86
Interest Expense	-0.72	-0.55	-0.38	-0.5	-0.22	-0
Interest & Investment Income	0.37	0.47	0.66	0.26	3.01	0.88
Other Non Operating Income (Expenses)	0	-	-0	0.2	-	-0
EBT Excluding Unusual Items	7.73	9.2	12.18	-12.19	-9.62	-6.99
Gain (Loss) on Sale of Investments	5.99	6	16.35	23.73	70.49	-
Gain (Loss) on Sale of Assets	11.34	4.28	12.63	-0.08	0.18	13.6
Asset Writedown	-6.93	-6.93	-4.48	-16.42	-	-
Pretax Income	18.13	12.55	36.68	-4.96	61.05	6.61
Income Tax Expense	5.71	2.81	2.13	1.5	10.32	2.16
Net Income	12.42	9.75	34.55	-6.46	50.72	4.45
Preferred Dividends & Other Adjustments	-	-	-	-	-0.41	-
Net Income to Common	12.42	9.75	34.55	-6.46	51.13	4.45
Net Income Growth	-50.93%	-71.79%	-	-	1040.25%	-14.47%
Shares Outstanding (Basic)	197	326	326	576	576	579
Shares Outstanding (Diluted)	197	326	326	576	576	579
Shares Change (YoY)	-28.90%	-	-43.48%	-	-0.51%	-
EPS (Basic)	0.06	0.03	0.11	-0.01	0.09	0.01
EPS (Diluted)	0.06	0.03	0.11	-0.01	0.09	0.01
EPS Growth	-30.99%	-71.79%	-	-	1055.47%	-14.48%
Free Cash Flow	4.94	6.26	9.6	-0.35	0.32	-10.45
Free Cash Flow Per Share	0.03	0.02	0.03	-0.00	0.00	-0.02
Dividend Per Share	-	-	-	0.022	-	0.007
Dividend Growth	-	-	-	-	-	27.27%
Gross Margin	84.08%	83.07%	74.30%	32.17%	37.17%	15.88%
Operating Margin	52.10%	57.71%	43.41%	-26.77%	-27.30%	-34.04%
Profit Margin	80.15%	60.61%	126.01%	-14.24%	112.41%	19.25%
Free Cash Flow Margin	31.86%	38.95%	35.02%	-0.78%	0.70%	-45.21%
EBITDA	9	10.81	14.67	-2.41	1.66	-1.96
EBITDA Margin	58.06%	67.25%	53.50%	-5.32%	3.65%	-8.48%
D&A For EBITDA	0.92	1.53	2.77	9.73	14.08	5.9
EBIT	8.08	9.28	11.9	-12.15	-12.42	-7.86
EBIT Margin	52.10%	57.71%	43.41%	-26.77%	-27.30%	-34.04%
Effective Tax Rate	31.47%	22.37%	5.80%	-	16.91%	32.69%
Revenue as Reported	60.62	33.31	68.31	69.58	117.05	42.25
Advertising Expenses	-	0.03	0.03	0.72	0.33	0.03

Source: S&P Global Market Intelligence. Standard template. Financial Sources.