Avax SA
ATHEX:AVAX
Income Statement
Earnings Waterfall
Avax SA
Income Statement
Avax SA
| Mar-2003 | Jun-2003 | Sep-2003 | Dec-2003 | Mar-2004 | Jun-2004 | Sep-2004 | Dec-2004 | Mar-2005 | Jun-2005 | Sep-2005 | Dec-2005 | Mar-2006 | Jun-2006 | Sep-2006 | Dec-2006 | Mar-2007 | Jun-2007 | Sep-2007 | Dec-2007 | Mar-2008 | Jun-2008 | Sep-2008 | Dec-2008 | Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Jun-2017 | Dec-2017 | Jun-2018 | Dec-2018 | Jun-2019 | Dec-2019 | Jun-2020 | Dec-2020 | Jun-2021 | Dec-2021 | Jun-2022 | Dec-2022 | Jun-2023 | Dec-2023 | Jun-2024 | Dec-2024 | Jun-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
2
|
0
|
0
|
0
|
4
|
0
|
0
|
0
|
7
|
0
|
0
|
0
|
8
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
28
|
0
|
0
|
0
|
34
|
0
|
0
|
0
|
34
|
0
|
0
|
0
|
37
|
0
|
0
|
0
|
40
|
0
|
0
|
0
|
39
|
0
|
41
|
0
|
36
|
1
|
29
|
1
|
25
|
0
|
24
|
0
|
24
|
0
|
21
|
0
|
25
|
0
|
|
| Revenue |
133
N/A
|
146
+9%
|
164
+12%
|
251
+53%
|
323
+29%
|
415
+28%
|
486
+17%
|
252
-48%
|
463
+83%
|
416
-10%
|
351
-16%
|
358
+2%
|
328
-8%
|
302
-8%
|
327
+8%
|
360
+10%
|
389
+8%
|
449
+15%
|
563
+25%
|
683
+21%
|
774
+13%
|
869
+12%
|
910
+5%
|
991
+9%
|
1 021
+3%
|
1 019
0%
|
1 016
0%
|
946
-7%
|
905
-4%
|
877
-3%
|
810
-8%
|
791
-2%
|
769
-3%
|
734
-5%
|
732
0%
|
695
-5%
|
646
-7%
|
592
-8%
|
530
-10%
|
474
-11%
|
451
-5%
|
412
-9%
|
401
-3%
|
411
+2%
|
434
+6%
|
482
+11%
|
475
-2%
|
518
+9%
|
529
+2%
|
508
-4%
|
529
+4%
|
456
-14%
|
324
-29%
|
673
+108%
|
649
-4%
|
538
-17%
|
555
+3%
|
576
+4%
|
521
-10%
|
463
-11%
|
464
+0%
|
592
+28%
|
462
-22%
|
403
-13%
|
401
-1%
|
454
+13%
|
550
+21%
|
651
+18%
|
830
+27%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(119)
|
(129)
|
(137)
|
(195)
|
(251)
|
(328)
|
(394)
|
(215)
|
(391)
|
(349)
|
(297)
|
(308)
|
(278)
|
(265)
|
(289)
|
(316)
|
(348)
|
(406)
|
(510)
|
(629)
|
(714)
|
(802)
|
(844)
|
(933)
|
(962)
|
(955)
|
(950)
|
(848)
|
(823)
|
(793)
|
(731)
|
(711)
|
(698)
|
(673)
|
(666)
|
(632)
|
(588)
|
(534)
|
(479)
|
(428)
|
(401)
|
(367)
|
(361)
|
(397)
|
(412)
|
(446)
|
(452)
|
(463)
|
(490)
|
(442)
|
(460)
|
(388)
|
(300)
|
(636)
|
(616)
|
(507)
|
(517)
|
(533)
|
(481)
|
(409)
|
(408)
|
(561)
|
(459)
|
(382)
|
(367)
|
(417)
|
(474)
|
(569)
|
(728)
|
|
| Gross Profit |
15
N/A
|
17
+18%
|
27
+54%
|
56
+111%
|
72
+29%
|
87
+21%
|
93
+7%
|
37
-60%
|
72
+93%
|
67
-6%
|
53
-20%
|
49
-8%
|
50
+2%
|
38
-25%
|
38
+1%
|
45
+16%
|
41
-8%
|
43
+5%
|
53
+24%
|
55
+3%
|
60
+10%
|
67
+11%
|
66
-1%
|
58
-12%
|
60
+2%
|
64
+8%
|
66
+4%
|
97
+47%
|
82
-16%
|
84
+3%
|
79
-6%
|
80
+1%
|
71
-11%
|
61
-14%
|
66
+8%
|
62
-5%
|
58
-7%
|
58
0%
|
51
-12%
|
46
-10%
|
51
+11%
|
45
-11%
|
41
-10%
|
14
-65%
|
22
+55%
|
36
+67%
|
22
-38%
|
55
+144%
|
39
-29%
|
67
+71%
|
69
+3%
|
68
0%
|
24
-65%
|
37
+56%
|
32
-13%
|
31
-3%
|
38
+21%
|
43
+13%
|
40
-6%
|
53
+33%
|
57
+7%
|
32
-44%
|
4
-89%
|
21
+483%
|
34
+63%
|
37
+8%
|
76
+108%
|
82
+8%
|
102
+23%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(13)
|
(13)
|
(15)
|
(20)
|
(19)
|
(25)
|
(26)
|
(25)
|
(31)
|
(33)
|
(33)
|
(35)
|
(39)
|
(31)
|
(31)
|
(32)
|
(28)
|
(31)
|
(34)
|
(34)
|
(36)
|
(37)
|
(37)
|
(39)
|
(38)
|
(39)
|
(46)
|
(66)
|
(50)
|
(51)
|
(42)
|
(45)
|
(43)
|
(37)
|
(39)
|
(34)
|
(37)
|
(36)
|
(41)
|
(37)
|
(45)
|
(40)
|
(40)
|
(49)
|
(39)
|
(44)
|
(41)
|
(52)
|
(92)
|
(88)
|
(87)
|
(41)
|
(14)
|
(35)
|
(38)
|
(49)
|
(45)
|
(14)
|
(65)
|
(32)
|
(51)
|
(31)
|
(52)
|
(36)
|
(25)
|
(39)
|
(60)
|
(64)
|
(53)
|
|
| Selling, General & Administrative |
(12)
|
(11)
|
(13)
|
(19)
|
(19)
|
(21)
|
(23)
|
(24)
|
(28)
|
(33)
|
(32)
|
(32)
|
(37)
|
(31)
|
(31)
|
(33)
|
(31)
|
(34)
|
(37)
|
(37)
|
(38)
|
(42)
|
(41)
|
(41)
|
(40)
|
(41)
|
(42)
|
(39)
|
(44)
|
(43)
|
(43)
|
(41)
|
(42)
|
(41)
|
(42)
|
(37)
|
(39)
|
(38)
|
(40)
|
(35)
|
(36)
|
(35)
|
(34)
|
(48)
|
(49)
|
(48)
|
(47)
|
(51)
|
(55)
|
(54)
|
(53)
|
(42)
|
(15)
|
(36)
|
(39)
|
(50)
|
(51)
|
(66)
|
(73)
|
(47)
|
(51)
|
(48)
|
(51)
|
(42)
|
(46)
|
(32)
|
(34)
|
(48)
|
(61)
|
|
| Depreciation & Amortization |
(2)
|
(3)
|
(2)
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(2)
|
0
|
(1)
|
0
|
(1)
|
0
|
(2)
|
0
|
(4)
|
0
|
(1)
|
0
|
(6)
|
0
|
(5)
|
0
|
(7)
|
0
|
|
| Other Operating Expenses |
1
|
1
|
0
|
1
|
0
|
(2)
|
(1)
|
1
|
(2)
|
0
|
(1)
|
(2)
|
(2)
|
(0)
|
0
|
2
|
4
|
3
|
3
|
4
|
3
|
5
|
3
|
2
|
3
|
2
|
(4)
|
(2)
|
(6)
|
(8)
|
1
|
(1)
|
(1)
|
4
|
3
|
6
|
2
|
3
|
(1)
|
(0)
|
(9)
|
(5)
|
(7)
|
0
|
9
|
4
|
6
|
4
|
(37)
|
(34)
|
(34)
|
2
|
1
|
2
|
1
|
2
|
6
|
55
|
8
|
18
|
(0)
|
19
|
(1)
|
12
|
21
|
(2)
|
(26)
|
(9)
|
8
|
|
| Operating Income |
2
N/A
|
4
+141%
|
12
+193%
|
36
+197%
|
53
+48%
|
62
+18%
|
67
+8%
|
12
-81%
|
41
+229%
|
34
-17%
|
20
-40%
|
15
-27%
|
12
-22%
|
7
-41%
|
8
+10%
|
13
+72%
|
14
+5%
|
12
-13%
|
19
+64%
|
21
+9%
|
24
+16%
|
30
+24%
|
29
-4%
|
19
-34%
|
22
+13%
|
25
+16%
|
20
-20%
|
32
+58%
|
32
+2%
|
34
+5%
|
37
+10%
|
35
-6%
|
28
-19%
|
24
-17%
|
27
+14%
|
29
+7%
|
21
-26%
|
22
+4%
|
10
-53%
|
9
-11%
|
6
-34%
|
5
-13%
|
0
-96%
|
(34)
N/A
|
(18)
+49%
|
(8)
+57%
|
(19)
-145%
|
3
N/A
|
(53)
N/A
|
(21)
+60%
|
(18)
+13%
|
27
N/A
|
9
-65%
|
2
-78%
|
(6)
N/A
|
(18)
-201%
|
(7)
+59%
|
29
N/A
|
(25)
N/A
|
21
N/A
|
6
-74%
|
1
-89%
|
(48)
N/A
|
(15)
+69%
|
9
N/A
|
(2)
N/A
|
16
N/A
|
18
+15%
|
49
+166%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
34
|
34
|
28
|
22
|
8
|
(8)
|
(13)
|
35
|
(8)
|
(3)
|
2
|
6
|
6
|
15
|
15
|
15
|
16
|
19
|
15
|
13
|
11
|
6
|
3
|
9
|
36
|
34
|
38
|
3
|
29
|
22
|
16
|
(11)
|
14
|
16
|
13
|
(19)
|
9
|
5
|
14
|
(11)
|
4
|
3
|
(22)
|
(32)
|
(53)
|
(65)
|
(67)
|
(18)
|
(10)
|
(2)
|
4
|
(24)
|
1
|
(4)
|
(2)
|
4
|
21
|
13
|
30
|
4
|
16
|
13
|
29
|
31
|
33
|
18
|
23
|
20
|
5
|
|
| Non-Reccuring Items |
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
0
|
0
|
0
|
(3)
|
0
|
(3)
|
0
|
(4)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(39)
|
0
|
0
|
0
|
(3)
|
0
|
(0)
|
0
|
5
|
0
|
(52)
|
0
|
(18)
|
0
|
(15)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(1)
|
(0)
|
(0)
|
(1)
|
0
|
2
|
1
|
0
|
(0)
|
0
|
1
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(28)
|
(29)
|
(26)
|
2
|
(26)
|
(25)
|
(27)
|
(1)
|
(28)
|
(31)
|
(30)
|
(2)
|
(32)
|
(29)
|
(28)
|
(0)
|
(15)
|
(7)
|
2
|
1
|
2
|
2
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
1
|
0
|
0
|
0
|
0
|
(12)
|
(1)
|
(25)
|
0
|
(9)
|
1
|
(7)
|
3
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
36
N/A
|
38
+5%
|
40
+6%
|
58
+44%
|
61
+6%
|
54
-11%
|
53
-1%
|
47
-13%
|
33
-29%
|
31
-7%
|
22
-28%
|
20
-8%
|
18
-12%
|
22
+20%
|
22
+3%
|
28
+27%
|
29
+3%
|
31
+6%
|
34
+11%
|
34
-1%
|
35
+4%
|
37
+4%
|
32
-11%
|
28
-13%
|
31
+8%
|
31
+2%
|
32
+3%
|
35
+9%
|
36
+2%
|
28
-22%
|
23
-18%
|
21
-10%
|
14
-32%
|
9
-36%
|
9
+4%
|
5
-44%
|
(1)
N/A
|
(5)
-489%
|
(4)
+32%
|
(6)
-72%
|
(5)
+21%
|
1
N/A
|
(22)
N/A
|
(72)
-226%
|
(70)
+2%
|
(72)
-3%
|
(85)
-18%
|
(55)
+35%
|
(63)
-14%
|
(24)
+62%
|
(15)
+38%
|
1
N/A
|
10
+1 001%
|
(2)
N/A
|
(8)
-222%
|
(8)
-10%
|
2
N/A
|
(11)
N/A
|
(20)
-80%
|
7
N/A
|
13
+79%
|
(0)
N/A
|
(26)
-99 758%
|
19
N/A
|
42
+128%
|
17
-60%
|
39
+131%
|
38
-1%
|
54
+42%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
0
|
0
|
(0)
|
(1)
|
(5)
|
(10)
|
(15)
|
(0)
|
(18)
|
(15)
|
(10)
|
(8)
|
(5)
|
(5)
|
(6)
|
(9)
|
(9)
|
(11)
|
(11)
|
(9)
|
(10)
|
(9)
|
(8)
|
(4)
|
(4)
|
(3)
|
(3)
|
(8)
|
(8)
|
(10)
|
(9)
|
(14)
|
(15)
|
(12)
|
(12)
|
(9)
|
(8)
|
(10)
|
(11)
|
(8)
|
(6)
|
(6)
|
(5)
|
(1)
|
0
|
0
|
(1)
|
15
|
12
|
10
|
13
|
(6)
|
(6)
|
(8)
|
(7)
|
(16)
|
(18)
|
(6)
|
4
|
3
|
(4)
|
2
|
2
|
(6)
|
(6)
|
(7)
|
(13)
|
(16)
|
(23)
|
|
| Income from Continuing Operations |
36
|
38
|
40
|
57
|
56
|
44
|
38
|
46
|
15
|
15
|
12
|
13
|
13
|
17
|
16
|
19
|
20
|
20
|
23
|
25
|
25
|
28
|
25
|
25
|
27
|
28
|
29
|
27
|
27
|
18
|
14
|
6
|
(1)
|
(3)
|
(2)
|
(4)
|
(8)
|
(15)
|
(14)
|
(14)
|
(11)
|
(5)
|
(26)
|
(73)
|
(70)
|
(72)
|
(86)
|
(41)
|
(51)
|
(14)
|
(2)
|
(5)
|
4
|
(11)
|
(14)
|
(24)
|
(16)
|
(18)
|
(16)
|
10
|
9
|
2
|
(24)
|
13
|
37
|
10
|
26
|
22
|
31
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(4)
|
(3)
|
(3)
|
(2)
|
0
|
(1)
|
1
|
0
|
(1)
|
0
|
0
|
1
|
3
|
4
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
5
|
5
|
6
|
7
|
7
|
5
|
(0)
|
0
|
1
|
1
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(2)
|
(3)
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
|
| Net Income (Common) |
36
N/A
|
38
+5%
|
40
+5%
|
57
+43%
|
56
-2%
|
44
-21%
|
38
-14%
|
46
+21%
|
15
-68%
|
15
+3%
|
12
-23%
|
13
+9%
|
13
+3%
|
18
+36%
|
16
-10%
|
20
+21%
|
19
-5%
|
18
-4%
|
22
+22%
|
25
+13%
|
25
-1%
|
26
+5%
|
23
-12%
|
21
-8%
|
24
+12%
|
25
+5%
|
27
+8%
|
27
+1%
|
27
-2%
|
18
-31%
|
14
-26%
|
5
-61%
|
(1)
N/A
|
(2)
-243%
|
(2)
+29%
|
(1)
+41%
|
(4)
-340%
|
(11)
-150%
|
(10)
+6%
|
(11)
-3%
|
(8)
+25%
|
(2)
+77%
|
(24)
-1 206%
|
(70)
-197%
|
(67)
+3%
|
(68)
-1%
|
(82)
-19%
|
(35)
+57%
|
(45)
-27%
|
(37)
+17%
|
(25)
+32%
|
(33)
-29%
|
4
N/A
|
(10)
N/A
|
(14)
-33%
|
(26)
-87%
|
(17)
+34%
|
(43)
-152%
|
(42)
+3%
|
6
N/A
|
1
-88%
|
(14)
N/A
|
(8)
+42%
|
38
N/A
|
33
-14%
|
10
-69%
|
21
+99%
|
30
+47%
|
42
+39%
|
|
| EPS (Diluted) |
0.35
N/A
|
0.37
+6%
|
0.39
+5%
|
0.56
+44%
|
0.55
-2%
|
0.44
-20%
|
0.38
-14%
|
0.46
+21%
|
0.15
-67%
|
0.15
N/A
|
0.11
-27%
|
0.13
+18%
|
0.12
-8%
|
0.17
+42%
|
0.16
-6%
|
0.19
+19%
|
0.2
+5%
|
0.19
-5%
|
0.23
+21%
|
0.25
+9%
|
0.25
N/A
|
0.27
+8%
|
0.24
-11%
|
0.21
-13%
|
0.24
+14%
|
0.24
N/A
|
0.26
+8%
|
0.25
-4%
|
0.25
N/A
|
0.18
-28%
|
0.13
-28%
|
0.05
-62%
|
0
N/A
|
-0.02
N/A
|
-0.01
+50%
|
-0.01
N/A
|
-0.04
-300%
|
-0.1
-150%
|
-0.1
N/A
|
-0.1
N/A
|
-0.08
+20%
|
-0.02
+75%
|
-0.22
-1 000%
|
-0.65
-195%
|
-0.63
+3%
|
-0.64
-2%
|
-0.76
-19%
|
-0.33
+57%
|
-0.42
-27%
|
-0.34
+19%
|
-0.23
+32%
|
-0.3
-30%
|
0.04
N/A
|
-0.1
N/A
|
-0.13
-30%
|
-0.22
-69%
|
-0.14
+36%
|
-0.4
-186%
|
-0.33
+18%
|
0.04
N/A
|
0
N/A
|
-0.09
N/A
|
-0.05
+44%
|
0.26
N/A
|
0.22
-15%
|
0.07
-68%
|
0.13
+86%
|
0.2
+54%
|
0.28
+40%
|
|