ING-GRAD d.d. Income Statement

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

Millions EUR. 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	157.77	128.01	97.11	81.24	57.72	51.91
Other Revenue	0.88	0.88	0.3	-	-	-
Revenue	158.65	128.89	97.41	81.24	57.72	51.91
Revenue Growth (YoY)	95.28%	32.31%	19.91%	40.74%	11.20%	-
Cost of Revenue	107.06	86.64	66.15	64.25	45.63	39.89
Gross Profit	51.59	42.25	31.27	17	12.1	12.02
Selling, General & Admin	13.32	12.44	10	5.19	2.9	2.65
Other Operating Expenses	8.03	7.66	5.53	3.14	1.55	2.49
Operating Expenses	23.4	22.08	17.46	9.47	5.31	5.8
Operating Income	28.19	20.17	13.81	7.53	6.79	6.22
Interest Expense	-0.26	-0.36	-0.07	-0.09	-0.09	-0.09
Interest & Investment Income	0.36	0.55	0.48	0.1	0.08	0.15
Earnings From Equity Investments	0.1	0.05	0.04	0.02	0.05	0.06
Currency Exchange Gain (Loss)	0	-0	-0.15	-0.01	-0.01	-0.06
Other Non Operating Income (Expenses)	-1.4	0.06	0.01	-0.31	0	0.06
EBT Excluding Unusual Items	26.98	20.47	14.11	7.24	6.82	6.35
Gain (Loss) on Sale of Assets	0.11	0.11	0.09	0.03	0.06	0.07
Asset Writedown	-0.01	-0.01	-0.01	-0	-0	-0.01
Legal Settlements	-	-	-0.09	-	-0.05	-0.01
Other Unusual Items	0	0	0	-	-	-
Pretax Income	27.08	20.57	14.1	7.27	6.83	6.4
Income Tax Expense	4.92	3.75	2.59	1.33	0.45	1.17
Net Income	22.16	16.82	11.5	5.94	6.38	5.23
Net Income to Common	22.16	16.82	11.5	5.94	6.38	5.23
Net Income Growth	273.25%	46.21%	93.77%	-6.92%	21.90%	-
Shares Outstanding (Basic)	-	3	-	-	-	-
Shares Outstanding (Diluted)	-	3	-	-	-	-
EPS (Basic)	-	6.39	-	-	-	-
EPS (Diluted)	-	6.39	-	-	-	-
Free Cash Flow	17.29	-1.21	21.33	6.64	1.76	8.75
Free Cash Flow Per Share	-	-0.46	-	-	-	-
Dividend Per Share	2.600	2.600	-	-	-	-
Gross Margin	32.52%	32.78%	32.10%	20.92%	20.96%	23.15%
Operating Margin	17.77%	15.65%	14.18%	9.27%	11.76%	11.98%
Profit Margin	13.97%	13.05%	11.81%	7.31%	11.05%	10.08%
Free Cash Flow Margin	10.90%	-0.94%	21.90%	8.17%	3.04%	16.86%
EBITDA	30.23	22.15	15.54	8.66	7.63	6.86
EBITDA Margin	19.06%	17.18%	15.95%	10.66%	13.22%	13.21%
D&A For EBITDA	2.04	1.98	1.73	1.13	0.84	0.64
EBIT	28.19	20.17	13.81	7.53	6.79	6.22
EBIT Margin	17.77%	15.65%	14.18%	9.27%	11.76%	11.98%
Effective Tax Rate	18.18%	18.23%	18.39%	18.28%	6.63%	18.22%
Revenue as Reported	160.35	128.89	97.41	82.24	58.74	52.46

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