Thessaloniki Water Supply and Sewarage Company SA
ATHEX:EYAPS
Income Statement
Earnings Waterfall
Thessaloniki Water Supply and Sewarage Company SA
Income Statement
Thessaloniki Water Supply and Sewarage Company SA
| Dec-2002 | 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
|
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
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
57
N/A
|
56
-3%
|
53
-4%
|
53
0%
|
51
-4%
|
52
+1%
|
55
+6%
|
55
+1%
|
60
+10%
|
53
-12%
|
54
+1%
|
57
+6%
|
60
+6%
|
64
+6%
|
66
+3%
|
63
-4%
|
66
+4%
|
67
+2%
|
67
+0%
|
71
+5%
|
70
-1%
|
73
+4%
|
75
+3%
|
76
+1%
|
76
+0%
|
78
+3%
|
78
+0%
|
78
+0%
|
77
-1%
|
76
-1%
|
75
-2%
|
73
-3%
|
71
-2%
|
72
+1%
|
72
+1%
|
74
+2%
|
75
+3%
|
75
0%
|
74
-1%
|
74
0%
|
74
0%
|
73
-1%
|
72
-1%
|
72
0%
|
72
+0%
|
73
+1%
|
74
+1%
|
74
+0%
|
74
0%
|
74
0%
|
73
-1%
|
73
0%
|
73
0%
|
38
-48%
|
73
+95%
|
75
+2%
|
73
-3%
|
69
-5%
|
73
+5%
|
72
-2%
|
72
+1%
|
72
+1%
|
74
+2%
|
73
-1%
|
71
-2%
|
72
+1%
|
82
+14%
|
87
+7%
|
85
-2%
|
90
+5%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(30)
|
(30)
|
(33)
|
(34)
|
(33)
|
(33)
|
(33)
|
(36)
|
(35)
|
(35)
|
(35)
|
(35)
|
(41)
|
(43)
|
(45)
|
(45)
|
(45)
|
(45)
|
(44)
|
(46)
|
(46)
|
(46)
|
(45)
|
(44)
|
(45)
|
(45)
|
(45)
|
(46)
|
(47)
|
(48)
|
(47)
|
(46)
|
(45)
|
(44)
|
(44)
|
(44)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
(43)
|
(44)
|
(45)
|
(46)
|
(47)
|
(47)
|
(46)
|
(47)
|
(48)
|
(48)
|
(48)
|
(47)
|
(21)
|
(43)
|
(44)
|
(43)
|
(42)
|
(44)
|
(44)
|
(44)
|
(46)
|
(50)
|
(56)
|
(65)
|
(66)
|
(66)
|
(65)
|
(64)
|
(68)
|
|
| Gross Profit |
28
N/A
|
25
-8%
|
20
-20%
|
19
-5%
|
18
-5%
|
18
0%
|
22
+20%
|
19
-12%
|
25
+30%
|
19
-26%
|
18
0%
|
22
+18%
|
20
-10%
|
21
+8%
|
21
-2%
|
19
-10%
|
21
+15%
|
23
+6%
|
23
+2%
|
25
+7%
|
24
-2%
|
27
+12%
|
30
+11%
|
32
+5%
|
31
-2%
|
33
+6%
|
33
0%
|
32
-3%
|
30
-5%
|
28
-7%
|
28
-3%
|
26
-4%
|
26
0%
|
27
+4%
|
28
+2%
|
29
+6%
|
33
+10%
|
32
0%
|
31
-4%
|
31
0%
|
31
-1%
|
30
-3%
|
29
-3%
|
27
-6%
|
26
-5%
|
26
+1%
|
27
+4%
|
28
+3%
|
26
-6%
|
26
-2%
|
25
-2%
|
25
-2%
|
26
+5%
|
17
-35%
|
30
+79%
|
31
+3%
|
31
-2%
|
27
-11%
|
29
+8%
|
27
-6%
|
28
+1%
|
26
-5%
|
23
-12%
|
16
-30%
|
6
-65%
|
6
+13%
|
16
+157%
|
22
+36%
|
22
-1%
|
22
-1%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(0)
|
(1)
|
(2)
|
(3)
|
7
|
6
|
6
|
8
|
9
|
(14)
|
(14)
|
(17)
|
(7)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(7)
|
(8)
|
(8)
|
(9)
|
(9)
|
(11)
|
(10)
|
(9)
|
(8)
|
(10)
|
(9)
|
(9)
|
(9)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(12)
|
(11)
|
(13)
|
(14)
|
(10)
|
(10)
|
(10)
|
(7)
|
(8)
|
(8)
|
(10)
|
(10)
|
(6)
|
(4)
|
(7)
|
(7)
|
(11)
|
(12)
|
(9)
|
(10)
|
(11)
|
(9)
|
(7)
|
(9)
|
(9)
|
(11)
|
(14)
|
(16)
|
(14)
|
(14)
|
|
| Selling, General & Administrative |
(12)
|
(12)
|
(12)
|
(12)
|
(13)
|
(11)
|
(8)
|
(6)
|
(11)
|
(12)
|
(14)
|
(15)
|
(12)
|
(11)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(13)
|
(13)
|
(13)
|
(12)
|
(8)
|
(9)
|
(8)
|
(8)
|
(9)
|
(8)
|
(9)
|
(9)
|
(8)
|
(9)
|
(10)
|
(9)
|
(9)
|
(10)
|
(9)
|
(9)
|
(9)
|
(10)
|
(12)
|
(11)
|
(7)
|
(4)
|
(8)
|
(9)
|
(11)
|
(13)
|
(9)
|
(10)
|
(11)
|
(12)
|
(13)
|
(14)
|
(13)
|
(13)
|
(11)
|
(11)
|
(12)
|
(13)
|
|
| Research & Development |
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(0)
|
0
|
1
|
2
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(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)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
(1)
|
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
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(2)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
(0)
|
0
|
|
| Other Operating Expenses |
12
|
11
|
11
|
10
|
20
|
19
|
16
|
17
|
21
|
(4)
|
(3)
|
(5)
|
6
|
6
|
6
|
6
|
4
|
3
|
4
|
4
|
5
|
5
|
4
|
4
|
1
|
3
|
3
|
4
|
4
|
4
|
4
|
3
|
2
|
2
|
1
|
1
|
0
|
(0)
|
0
|
0
|
(3)
|
(2)
|
(2)
|
(4)
|
(1)
|
(0)
|
(1)
|
2
|
2
|
2
|
2
|
1
|
2
|
0
|
1
|
2
|
0
|
0
|
0
|
0
|
(0)
|
3
|
6
|
5
|
3
|
2
|
(3)
|
(6)
|
(1)
|
(1)
|
|
| Operating Income |
27
N/A
|
24
-10%
|
18
-26%
|
17
-8%
|
25
+51%
|
24
-3%
|
28
+15%
|
27
-4%
|
34
+27%
|
4
-87%
|
4
-6%
|
4
+4%
|
13
+203%
|
15
+16%
|
15
-3%
|
13
-12%
|
14
+6%
|
15
+6%
|
16
+6%
|
18
+12%
|
17
-4%
|
19
+14%
|
21
+11%
|
23
+7%
|
20
-11%
|
23
+15%
|
24
+2%
|
24
-1%
|
21
-13%
|
19
-8%
|
18
-2%
|
17
-6%
|
19
+10%
|
20
+5%
|
21
+4%
|
22
+4%
|
23
+8%
|
24
+1%
|
22
-6%
|
22
-2%
|
19
-14%
|
19
+0%
|
16
-15%
|
13
-15%
|
16
+17%
|
16
-1%
|
18
+13%
|
21
+19%
|
18
-12%
|
18
-3%
|
16
-12%
|
15
-6%
|
20
+33%
|
13
-32%
|
23
+75%
|
24
+4%
|
19
-20%
|
15
-25%
|
20
+34%
|
17
-13%
|
17
-3%
|
17
+5%
|
16
-7%
|
8
-53%
|
(4)
N/A
|
(5)
-29%
|
2
N/A
|
6
+171%
|
8
+49%
|
7
-12%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
2
|
|
| Non-Reccuring Items |
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(2)
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
(0)
|
0
|
(0)
|
0
|
(1)
|
0
|
|
| Total Other Income |
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)
|
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
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
1
|
0
|
(0)
|
0
|
|
| Pre-Tax Income |
27
N/A
|
25
-9%
|
18
-25%
|
17
-10%
|
25
+48%
|
24
-3%
|
27
+14%
|
26
-4%
|
32
+22%
|
4
-88%
|
4
-4%
|
4
+5%
|
13
+221%
|
15
+17%
|
15
-3%
|
13
-12%
|
14
+7%
|
14
+6%
|
16
+7%
|
18
+14%
|
17
-2%
|
20
+16%
|
23
+13%
|
24
+7%
|
22
-10%
|
25
+13%
|
26
+2%
|
25
-1%
|
22
-12%
|
21
-7%
|
20
-2%
|
19
-5%
|
21
+9%
|
22
+5%
|
23
+5%
|
24
+4%
|
26
+9%
|
27
+2%
|
25
-5%
|
25
-2%
|
21
-14%
|
21
-1%
|
18
-14%
|
15
-15%
|
18
+15%
|
18
-1%
|
19
+11%
|
23
+17%
|
20
-11%
|
19
-4%
|
17
-12%
|
16
-7%
|
21
+30%
|
14
-32%
|
25
+77%
|
26
+4%
|
21
-19%
|
16
-24%
|
21
+29%
|
18
-13%
|
17
-7%
|
18
+6%
|
16
-12%
|
8
-50%
|
(4)
N/A
|
(4)
-2%
|
3
N/A
|
7
+139%
|
8
+23%
|
9
+8%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(8)
|
(8)
|
(8)
|
(8)
|
(4)
|
(5)
|
(6)
|
(7)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(8)
|
(7)
|
(11)
|
(10)
|
(8)
|
(9)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(3)
|
(2)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(4)
|
(8)
|
(8)
|
(7)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(2)
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(3)
|
|
| Income from Continuing Operations |
20
|
17
|
11
|
9
|
21
|
19
|
21
|
20
|
28
|
1
|
1
|
1
|
8
|
10
|
10
|
8
|
10
|
10
|
11
|
13
|
13
|
15
|
17
|
18
|
15
|
17
|
18
|
18
|
14
|
13
|
10
|
9
|
12
|
13
|
18
|
19
|
21
|
21
|
20
|
20
|
18
|
18
|
15
|
13
|
13
|
12
|
14
|
16
|
13
|
13
|
10
|
8
|
13
|
10
|
16
|
18
|
14
|
10
|
15
|
13
|
12
|
13
|
11
|
5
|
(4)
|
(4)
|
1
|
4
|
6
|
6
|
|
| Income to Minority Interest |
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
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
20
N/A
|
17
-13%
|
11
-37%
|
9
-17%
|
21
+129%
|
19
-9%
|
21
+10%
|
20
-5%
|
28
+42%
|
1
-96%
|
1
+28%
|
1
-35%
|
8
+916%
|
10
+16%
|
10
-3%
|
8
-12%
|
10
+14%
|
10
+8%
|
11
+9%
|
13
+14%
|
13
-1%
|
15
+17%
|
17
+12%
|
18
+7%
|
15
-15%
|
17
+15%
|
18
+3%
|
18
+0%
|
14
-20%
|
13
-8%
|
10
-27%
|
9
-4%
|
12
+35%
|
13
+7%
|
18
+37%
|
19
+2%
|
21
+11%
|
21
+3%
|
20
-7%
|
20
0%
|
18
-10%
|
18
+1%
|
15
-14%
|
13
-16%
|
13
+1%
|
12
-6%
|
14
+10%
|
16
+18%
|
13
-17%
|
13
-6%
|
10
-24%
|
8
-13%
|
13
+62%
|
10
-28%
|
16
+70%
|
18
+7%
|
14
-20%
|
10
-30%
|
15
+50%
|
13
-12%
|
12
-8%
|
13
+9%
|
11
-13%
|
5
-52%
|
(4)
N/A
|
(4)
+3%
|
1
N/A
|
4
+213%
|
6
+32%
|
6
+5%
|
|
| EPS (Diluted) |
0.54
N/A
|
0.47
-13%
|
0.31
-34%
|
0.24
-23%
|
0.57
+137%
|
0.51
-11%
|
0.56
+10%
|
0.53
-5%
|
0.77
+45%
|
0.02
-97%
|
0.03
+50%
|
0.02
-33%
|
0.23
+1 050%
|
0.27
+17%
|
0.27
N/A
|
0.24
-11%
|
0.27
+13%
|
0.3
+11%
|
0.32
+7%
|
0.36
+12%
|
0.35
-3%
|
0.41
+17%
|
0.46
+12%
|
0.49
+7%
|
0.42
-14%
|
0.48
+14%
|
0.49
+2%
|
0.49
N/A
|
0.4
-18%
|
0.36
-10%
|
0.26
-28%
|
0.25
-4%
|
0.34
+36%
|
0.36
+6%
|
0.5
+39%
|
0.51
+2%
|
0.57
+12%
|
0.58
+2%
|
0.54
-7%
|
0.54
N/A
|
0.49
-9%
|
0.49
N/A
|
0.42
-14%
|
0.35
-17%
|
0.36
+3%
|
0.34
-6%
|
0.38
+12%
|
0.45
+18%
|
0.37
-18%
|
0.35
-5%
|
0.26
-26%
|
0.23
-12%
|
0.37
+61%
|
0.27
-27%
|
0.45
+67%
|
0.48
+7%
|
0.39
-19%
|
0.27
-31%
|
0.4
+48%
|
0.35
-13%
|
0.33
-6%
|
0.36
+9%
|
0.31
-14%
|
0.15
-52%
|
-0.11
N/A
|
-0.11
N/A
|
0.04
N/A
|
0.12
+200%
|
0.16
+33%
|
0.17
+6%
|
|