CTT Correios de Portugal SA
ELI:CTT
Income Statement
Earnings Waterfall
CTT Correios de Portugal SA
Income Statement
CTT Correios de Portugal SA
| Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
3
|
4
|
4
|
4
|
4
|
5
|
5
|
5
|
6
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
5
|
7
|
8
|
9
|
10
|
10
|
11
|
11
|
12
|
12
|
13
|
|
| Revenue |
689
N/A
|
690
+0%
|
688
0%
|
691
+0%
|
696
+1%
|
703
+1%
|
718
+2%
|
719
+0%
|
714
-1%
|
705
-1%
|
689
-2%
|
681
-1%
|
676
-1%
|
670
-1%
|
672
+0%
|
674
+0%
|
674
0%
|
676
+0%
|
674
0%
|
679
+1%
|
683
+1%
|
686
+0%
|
685
0%
|
679
-1%
|
684
+1%
|
688
+1%
|
681
-1%
|
667
-2%
|
666
0%
|
673
+1%
|
696
+3%
|
729
+5%
|
737
+1%
|
758
+3%
|
782
+3%
|
780
0%
|
789
+1%
|
789
+0%
|
789
0%
|
810
+3%
|
823
+2%
|
845
+3%
|
864
+2%
|
885
+2%
|
919
+4%
|
966
+5%
|
989
+2%
|
1 033
+4%
|
1 078
+4%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(246)
|
(222)
|
(248)
|
(248)
|
(246)
|
(220)
|
(255)
|
(252)
|
(254)
|
(214)
|
(248)
|
(252)
|
(247)
|
(211)
|
(248)
|
(250)
|
(256)
|
(226)
|
(260)
|
(257)
|
(252)
|
(237)
|
(255)
|
(255)
|
(260)
|
(249)
|
(258)
|
(260)
|
(265)
|
(268)
|
(296)
|
(316)
|
(332)
|
(348)
|
(386)
|
(387)
|
(392)
|
(378)
|
(369)
|
(376)
|
(387)
|
(395)
|
(436)
|
(458)
|
(482)
|
(495)
|
(529)
|
(566)
|
(599)
|
|
| Gross Profit |
443
N/A
|
468
+6%
|
440
-6%
|
443
+1%
|
451
+2%
|
483
+7%
|
463
-4%
|
467
+1%
|
461
-1%
|
491
+7%
|
441
-10%
|
429
-3%
|
428
0%
|
459
+7%
|
424
-8%
|
424
+0%
|
418
-2%
|
450
+8%
|
414
-8%
|
422
+2%
|
431
+2%
|
449
+4%
|
430
-4%
|
424
-1%
|
424
0%
|
439
+3%
|
424
-3%
|
407
-4%
|
401
-2%
|
404
+1%
|
400
-1%
|
413
+3%
|
405
-2%
|
410
+1%
|
395
-4%
|
393
-1%
|
397
+1%
|
410
+3%
|
419
+2%
|
434
+3%
|
436
+1%
|
450
+3%
|
428
-5%
|
427
0%
|
437
+2%
|
471
+8%
|
460
-2%
|
467
+2%
|
479
+3%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(367)
|
(375)
|
(346)
|
(343)
|
(345)
|
(325)
|
(298)
|
(305)
|
(306)
|
(382)
|
(335)
|
(332)
|
(329)
|
(368)
|
(346)
|
(350)
|
(360)
|
(403)
|
(371)
|
(385)
|
(392)
|
(413)
|
(387)
|
(375)
|
(365)
|
(388)
|
(366)
|
(361)
|
(359)
|
(360)
|
(349)
|
(343)
|
(332)
|
(332)
|
(321)
|
(321)
|
(315)
|
(329)
|
(324)
|
(336)
|
(342)
|
(351)
|
(341)
|
(340)
|
(354)
|
(384)
|
(377)
|
(376)
|
(384)
|
|
| Selling, General & Administrative |
(332)
|
(351)
|
(322)
|
(329)
|
(330)
|
(293)
|
(264)
|
(267)
|
(268)
|
(367)
|
(328)
|
(328)
|
(330)
|
(373)
|
(343)
|
(346)
|
(349)
|
(393)
|
(356)
|
(364)
|
(363)
|
(365)
|
(354)
|
(347)
|
(350)
|
(373)
|
(356)
|
(353)
|
(350)
|
(358)
|
(349)
|
(360)
|
(361)
|
(372)
|
(364)
|
(356)
|
(360)
|
(377)
|
(369)
|
(380)
|
(382)
|
(385)
|
(372)
|
(374)
|
(384)
|
(430)
|
(418)
|
(423)
|
(431)
|
|
| Depreciation & Amortization |
0
|
(24)
|
(19)
|
(16)
|
(22)
|
(21)
|
(21)
|
(22)
|
(22)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(30)
|
(31)
|
(38)
|
(44)
|
(51)
|
(57)
|
(50)
|
(50)
|
(48)
|
(54)
|
(56)
|
(58)
|
(61)
|
(62)
|
(62)
|
(61)
|
(59)
|
(58)
|
(59)
|
(61)
|
(63)
|
(65)
|
(66)
|
(67)
|
(118)
|
(69)
|
(120)
|
(121)
|
(74)
|
(75)
|
(77)
|
(79)
|
(82)
|
|
| Other Operating Expenses |
(35)
|
(0)
|
(5)
|
2
|
8
|
(11)
|
(13)
|
(17)
|
(16)
|
8
|
18
|
22
|
27
|
32
|
25
|
25
|
19
|
21
|
23
|
23
|
22
|
10
|
17
|
22
|
32
|
40
|
45
|
51
|
52
|
60
|
61
|
78
|
89
|
98
|
102
|
96
|
108
|
113
|
110
|
112
|
158
|
104
|
151
|
155
|
103
|
122
|
118
|
127
|
129
|
|
| Operating Income |
76
N/A
|
93
+22%
|
94
+1%
|
100
+6%
|
106
+6%
|
158
+49%
|
166
+5%
|
162
-3%
|
155
-4%
|
109
-30%
|
107
-2%
|
97
-9%
|
99
+2%
|
91
-8%
|
78
-14%
|
74
-4%
|
58
-22%
|
47
-19%
|
43
-8%
|
37
-15%
|
39
+6%
|
37
-5%
|
44
+19%
|
50
+14%
|
59
+19%
|
51
-13%
|
58
+12%
|
46
-20%
|
42
-9%
|
44
+5%
|
51
+16%
|
70
+36%
|
73
+5%
|
78
+6%
|
74
-5%
|
72
-4%
|
82
+15%
|
82
0%
|
95
+16%
|
98
+3%
|
94
-4%
|
99
+6%
|
87
-12%
|
87
+0%
|
83
-5%
|
87
+5%
|
83
-5%
|
92
+10%
|
95
+4%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
3
|
7
|
1
|
(1)
|
(4)
|
6
|
(6)
|
(5)
|
(5)
|
3
|
(4)
|
(4)
|
(4)
|
1
|
(6)
|
(6)
|
(6)
|
2
|
(5)
|
(5)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(7)
|
(8)
|
(8)
|
(8)
|
(7)
|
(7)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(6)
|
(7)
|
(8)
|
(10)
|
(10)
|
(11)
|
(12)
|
(11)
|
(12)
|
(13)
|
|
| Non-Reccuring Items |
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(25)
|
(25)
|
(23)
|
(23)
|
(0)
|
0
|
(1)
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
9
|
(2)
|
(4)
|
(7)
|
(4)
|
(9)
|
(13)
|
(11)
|
(9)
|
(10)
|
(9)
|
(10)
|
(15)
|
(18)
|
(20)
|
(22)
|
(25)
|
(24)
|
(23)
|
(24)
|
(22)
|
(19)
|
(16)
|
(14)
|
(13)
|
(12)
|
(13)
|
(13)
|
|
| Total Other Income |
(7)
|
(12)
|
(6)
|
(6)
|
(3)
|
(11)
|
(0)
|
0
|
0
|
(7)
|
0
|
0
|
0
|
(6)
|
0
|
0
|
0
|
(5)
|
(1)
|
(3)
|
(4)
|
(5)
|
(3)
|
(3)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(7)
|
(6)
|
|
| Pre-Tax Income |
67
N/A
|
83
+24%
|
85
+2%
|
89
+5%
|
95
+7%
|
128
+34%
|
135
+5%
|
134
-1%
|
127
-5%
|
105
-18%
|
103
-2%
|
92
-10%
|
95
+3%
|
85
-10%
|
72
-16%
|
69
-5%
|
52
-25%
|
42
-18%
|
35
-17%
|
27
-22%
|
29
+6%
|
35
+22%
|
32
-9%
|
36
+12%
|
42
+15%
|
36
-15%
|
35
-1%
|
20
-44%
|
18
-9%
|
23
+28%
|
30
+31%
|
50
+65%
|
52
+4%
|
51
-2%
|
46
-10%
|
41
-10%
|
49
+20%
|
47
-5%
|
60
+29%
|
63
+4%
|
56
-10%
|
62
+9%
|
51
-18%
|
54
+6%
|
51
-4%
|
56
+10%
|
54
-5%
|
61
+13%
|
64
+5%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(21)
|
(22)
|
(23)
|
(23)
|
(27)
|
(51)
|
(54)
|
(54)
|
(52)
|
(33)
|
(32)
|
(28)
|
(28)
|
(23)
|
(20)
|
(21)
|
(16)
|
(15)
|
(12)
|
(10)
|
(10)
|
(14)
|
(13)
|
(13)
|
(9)
|
(6)
|
(6)
|
(1)
|
(7)
|
(6)
|
(8)
|
(14)
|
(13)
|
(12)
|
(10)
|
(5)
|
(9)
|
(10)
|
(14)
|
(15)
|
(13)
|
(1)
|
1
|
1
|
2
|
(9)
|
(7)
|
(9)
|
(9)
|
|
| Income from Continuing Operations |
46
|
61
|
61
|
65
|
69
|
77
|
81
|
80
|
75
|
72
|
70
|
64
|
67
|
62
|
52
|
48
|
36
|
27
|
23
|
17
|
19
|
22
|
19
|
23
|
33
|
29
|
29
|
18
|
11
|
17
|
22
|
36
|
39
|
39
|
36
|
36
|
40
|
36
|
46
|
48
|
44
|
60
|
52
|
55
|
53
|
47
|
46
|
51
|
54
|
|
| 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)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
|
| Net Income (Common) |
46
N/A
|
61
+34%
|
61
+0%
|
65
+7%
|
69
+5%
|
77
+13%
|
81
+5%
|
80
-1%
|
75
-6%
|
72
-4%
|
71
-2%
|
65
-8%
|
68
+4%
|
62
-8%
|
52
-17%
|
48
-7%
|
36
-26%
|
27
-23%
|
23
-16%
|
17
-26%
|
19
+13%
|
21
+12%
|
19
-12%
|
23
+20%
|
33
+43%
|
29
-10%
|
29
0%
|
18
-38%
|
11
-41%
|
17
+56%
|
22
+30%
|
36
+65%
|
39
+8%
|
38
-1%
|
36
-6%
|
36
-1%
|
40
+13%
|
36
-10%
|
46
+27%
|
48
+4%
|
44
-9%
|
61
+39%
|
52
-14%
|
54
+5%
|
53
-3%
|
46
-14%
|
44
-4%
|
48
+10%
|
51
+6%
|
|
| EPS (Diluted) |
0.3
N/A
|
0.41
+37%
|
0.41
N/A
|
0.44
+7%
|
0.46
+5%
|
0.51
+11%
|
0.54
+6%
|
0.53
-2%
|
0.5
-6%
|
0.48
-4%
|
0.47
-2%
|
0.43
-9%
|
0.47
+9%
|
0.42
-11%
|
0.35
-17%
|
0.33
-6%
|
0.2
-39%
|
0.18
-10%
|
0.15
-17%
|
0.11
-27%
|
0.13
+18%
|
0.14
+8%
|
0.13
-7%
|
0.15
+15%
|
0.22
+47%
|
0.19
-14%
|
0.19
N/A
|
0.12
-37%
|
0.07
-42%
|
0.11
+57%
|
0.14
+27%
|
0.24
+71%
|
0.26
+8%
|
0.26
N/A
|
0.24
-8%
|
0.23
-4%
|
0.26
+13%
|
0.25
-4%
|
0.31
+24%
|
0.33
+6%
|
0.31
-6%
|
0.43
+39%
|
0.37
-14%
|
0.39
+5%
|
0.38
-3%
|
0.33
-13%
|
0.32
-3%
|
0.36
+12%
|
0.38
+6%
|
|