Merko Ehitus AS
F:MKS
Income Statement
Earnings Waterfall
Merko Ehitus AS
Income Statement
Merko Ehitus AS
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
3
|
3
|
2
|
2
|
2
|
0
|
0
|
|
| Revenue |
352
N/A
|
277
-21%
|
191
-31%
|
332
+74%
|
297
-11%
|
265
-11%
|
260
-2%
|
169
-35%
|
203
+20%
|
146
-28%
|
182
+24%
|
181
-1%
|
172
-5%
|
166
-3%
|
176
+6%
|
199
+13%
|
219
+10%
|
241
+10%
|
251
+4%
|
244
-3%
|
249
+2%
|
249
+0%
|
256
+3%
|
269
+5%
|
263
-2%
|
264
+0%
|
263
0%
|
247
-6%
|
252
+2%
|
249
-1%
|
255
+2%
|
255
0%
|
251
-1%
|
252
+0%
|
240
-5%
|
240
0%
|
252
+5%
|
263
+4%
|
275
+5%
|
293
+7%
|
318
+8%
|
340
+7%
|
372
+10%
|
402
+8%
|
418
+4%
|
414
-1%
|
389
-6%
|
347
-11%
|
327
-6%
|
306
-6%
|
302
-1%
|
309
+2%
|
316
+2%
|
320
+1%
|
332
+4%
|
333
+0%
|
339
+2%
|
348
+2%
|
350
+1%
|
379
+8%
|
410
+8%
|
417
+2%
|
471
+13%
|
483
+3%
|
466
-4%
|
472
+1%
|
453
-4%
|
505
+12%
|
539
+7%
|
543
+1%
|
503
-7%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(302)
|
(231)
|
(157)
|
(275)
|
(249)
|
(235)
|
(229)
|
(155)
|
(181)
|
(131)
|
(162)
|
(163)
|
(159)
|
(159)
|
(174)
|
(199)
|
(223)
|
(241)
|
(247)
|
(237)
|
(231)
|
(230)
|
(233)
|
(245)
|
(240)
|
(241)
|
(240)
|
(226)
|
(228)
|
(224)
|
(231)
|
(230)
|
(228)
|
(229)
|
(217)
|
(217)
|
(234)
|
(243)
|
(255)
|
(272)
|
(290)
|
(312)
|
(342)
|
(369)
|
(385)
|
(379)
|
(353)
|
(314)
|
(292)
|
(272)
|
(266)
|
(270)
|
(272)
|
(274)
|
(287)
|
(287)
|
(293)
|
(300)
|
(303)
|
(328)
|
(354)
|
(358)
|
(403)
|
(412)
|
(400)
|
(406)
|
(390)
|
(420)
|
(444)
|
(441)
|
(402)
|
|
| Gross Profit |
50
N/A
|
46
-7%
|
34
-26%
|
57
+65%
|
49
-15%
|
29
-40%
|
30
+3%
|
14
-53%
|
22
+55%
|
16
-30%
|
20
+28%
|
17
-13%
|
13
-26%
|
8
-40%
|
2
-74%
|
0
-90%
|
(4)
N/A
|
0
N/A
|
4
+1 167%
|
7
+74%
|
18
+171%
|
20
+9%
|
23
+16%
|
25
+8%
|
22
-9%
|
22
N/A
|
23
+2%
|
22
-6%
|
25
+13%
|
25
+1%
|
24
-3%
|
24
+0%
|
23
-3%
|
24
+1%
|
24
N/A
|
23
-3%
|
18
-20%
|
20
+8%
|
21
+4%
|
22
+5%
|
27
+26%
|
28
+2%
|
31
+10%
|
33
+7%
|
33
0%
|
35
+8%
|
35
-1%
|
33
-7%
|
34
+6%
|
34
-1%
|
37
+7%
|
39
+7%
|
44
+12%
|
46
+4%
|
45
-2%
|
46
+1%
|
46
+1%
|
48
+3%
|
47
-2%
|
51
+10%
|
56
+9%
|
59
+5%
|
68
+15%
|
71
+5%
|
66
-7%
|
66
0%
|
63
-5%
|
85
+35%
|
95
+12%
|
102
+7%
|
101
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(17)
|
(15)
|
(12)
|
(19)
|
(28)
|
(17)
|
(17)
|
(12)
|
(14)
|
(10)
|
(12)
|
(11)
|
(10)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(9)
|
(9)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(13)
|
(12)
|
(11)
|
(11)
|
(13)
|
(11)
|
(12)
|
(12)
|
(15)
|
(14)
|
(14)
|
(15)
|
(17)
|
(16)
|
(16)
|
(16)
|
(20)
|
(18)
|
(17)
|
(17)
|
(17)
|
(16)
|
(17)
|
(18)
|
(20)
|
(19)
|
(18)
|
(19)
|
(23)
|
(21)
|
(22)
|
(23)
|
(28)
|
(29)
|
(30)
|
|
| Selling, General & Administrative |
(16)
|
(14)
|
(11)
|
(18)
|
(17)
|
(15)
|
(15)
|
(11)
|
(13)
|
(10)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(11)
|
(13)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(11)
|
(12)
|
(13)
|
(13)
|
(12)
|
(14)
|
(14)
|
(14)
|
(13)
|
(15)
|
(15)
|
(15)
|
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(16)
|
(17)
|
(19)
|
(18)
|
(18)
|
(18)
|
(16)
|
(19)
|
(20)
|
(20)
|
(18)
|
(20)
|
(21)
|
(21)
|
(21)
|
(24)
|
(24)
|
(26)
|
(26)
|
(27)
|
(27)
|
|
| Depreciation & Amortization |
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
|
(1)
|
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
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
|
| Other Operating Expenses |
(1)
|
(1)
|
(1)
|
(1)
|
(11)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
1
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
2
|
3
|
3
|
3
|
0
|
2
|
2
|
2
|
(0)
|
2
|
2
|
2
|
0
|
2
|
2
|
2
|
(0)
|
2
|
2
|
3
|
0
|
4
|
4
|
3
|
(0)
|
2
|
2
|
1
|
(1)
|
1
|
1
|
2
|
(0)
|
(0)
|
1
|
1
|
0
|
3
|
3
|
3
|
(1)
|
1
|
3
|
2
|
(1)
|
3
|
2
|
3
|
(1)
|
(1)
|
(2)
|
|
| Operating Income |
33
N/A
|
32
-4%
|
23
-28%
|
38
+65%
|
21
-44%
|
12
-42%
|
13
+10%
|
2
-87%
|
8
+367%
|
5
-36%
|
8
+44%
|
6
-22%
|
2
-61%
|
(3)
N/A
|
(9)
-190%
|
(11)
-17%
|
(13)
-27%
|
(9)
+30%
|
(6)
+39%
|
(4)
+37%
|
9
N/A
|
11
+24%
|
14
+24%
|
15
+13%
|
11
-28%
|
11
+2%
|
12
+8%
|
11
-7%
|
13
+14%
|
14
+10%
|
13
-8%
|
13
+2%
|
12
-10%
|
13
+12%
|
13
-3%
|
12
-5%
|
5
-55%
|
8
+54%
|
9
+11%
|
10
+12%
|
14
+35%
|
17
+19%
|
19
+15%
|
21
+8%
|
18
-15%
|
22
+24%
|
21
-5%
|
17
-16%
|
17
-2%
|
19
+10%
|
21
+11%
|
24
+14%
|
24
+2%
|
28
+16%
|
28
+0%
|
29
+3%
|
29
+3%
|
32
+8%
|
30
-7%
|
34
+13%
|
36
+6%
|
40
+13%
|
50
+24%
|
52
+4%
|
43
-17%
|
45
+4%
|
41
-9%
|
61
+50%
|
68
+10%
|
73
+8%
|
71
-3%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
4
|
4
|
0
|
(0)
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
1
|
(0)
|
(0)
|
(1)
|
1
|
(1)
|
(0)
|
(0)
|
2
|
0
|
(0)
|
1
|
3
|
1
|
1
|
0
|
1
|
(1)
|
(1)
|
(1)
|
2
|
0
|
0
|
1
|
4
|
3
|
5
|
6
|
10
|
8
|
8
|
8
|
11
|
10
|
11
|
|
| 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)
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
4
|
3
|
3
|
3
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
1
|
0
|
0
|
0
|
(3)
|
(3)
|
(6)
|
(6)
|
(1)
|
(2)
|
0
|
(3)
|
(2)
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
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
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(5)
|
0
|
0
|
|
| Total Other Income |
1
|
0
|
0
|
1
|
(0)
|
2
|
2
|
2
|
0
|
(1)
|
(1)
|
(1)
|
0
|
1
|
0
|
0
|
0
|
1
|
1
|
2
|
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)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
4
|
5
|
(0)
|
(1)
|
|
| Pre-Tax Income |
38
N/A
|
36
-5%
|
24
-34%
|
39
+63%
|
21
-45%
|
12
-42%
|
14
+11%
|
2
-87%
|
8
+328%
|
4
-43%
|
7
+50%
|
5
-21%
|
2
-65%
|
(4)
N/A
|
(10)
-153%
|
(11)
-17%
|
(14)
-25%
|
(10)
+32%
|
(6)
+40%
|
(4)
+39%
|
8
N/A
|
9
+19%
|
12
+23%
|
13
+14%
|
11
-16%
|
10
-7%
|
11
+10%
|
10
-8%
|
13
+28%
|
13
-2%
|
12
-7%
|
12
+2%
|
12
-5%
|
11
-4%
|
11
-3%
|
10
-5%
|
7
-30%
|
8
+11%
|
9
+11%
|
10
+10%
|
19
+90%
|
19
+2%
|
22
+13%
|
23
+8%
|
20
-15%
|
22
+9%
|
20
-6%
|
17
-14%
|
20
+17%
|
19
-4%
|
22
+11%
|
24
+11%
|
24
+2%
|
26
+7%
|
26
+0%
|
27
+4%
|
32
+18%
|
32
-1%
|
30
-6%
|
34
+14%
|
37
+8%
|
40
+7%
|
49
+23%
|
52
+7%
|
52
-1%
|
51
-2%
|
50
-2%
|
68
+35%
|
76
+13%
|
83
+8%
|
82
-1%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(2)
|
(3)
|
(2)
|
(4)
|
(2)
|
(1)
|
(1)
|
1
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(0)
|
(0)
|
(3)
|
(3)
|
(4)
|
(4)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(6)
|
(7)
|
(6)
|
(9)
|
(12)
|
(12)
|
(13)
|
|
| Income from Continuing Operations |
36
|
33
|
22
|
35
|
20
|
12
|
13
|
2
|
7
|
4
|
6
|
5
|
1
|
(4)
|
(10)
|
(11)
|
(14)
|
(10)
|
(6)
|
(4)
|
8
|
9
|
11
|
12
|
10
|
9
|
11
|
10
|
12
|
12
|
10
|
10
|
10
|
9
|
9
|
9
|
6
|
7
|
8
|
8
|
16
|
16
|
19
|
21
|
19
|
21
|
17
|
14
|
16
|
16
|
20
|
22
|
23
|
24
|
24
|
25
|
29
|
29
|
27
|
31
|
34
|
37
|
46
|
49
|
46
|
44
|
44
|
59
|
65
|
71
|
69
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(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)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
35
N/A
|
32
-7%
|
21
-34%
|
34
+61%
|
19
-44%
|
11
-41%
|
13
+13%
|
2
-82%
|
7
+222%
|
4
-46%
|
6
+53%
|
5
-16%
|
1
-76%
|
(4)
N/A
|
(10)
-149%
|
(11)
-16%
|
(14)
-25%
|
(10)
+30%
|
(6)
+40%
|
(4)
+39%
|
8
N/A
|
9
+21%
|
11
+21%
|
12
+12%
|
10
-16%
|
9
-10%
|
11
+14%
|
10
-6%
|
12
+23%
|
13
+1%
|
11
-16%
|
10
-2%
|
10
-3%
|
9
-8%
|
9
+1%
|
9
-2%
|
6
-33%
|
7
+14%
|
8
+7%
|
8
+7%
|
15
+84%
|
15
+1%
|
18
+23%
|
20
+12%
|
19
-5%
|
21
+9%
|
17
-19%
|
14
-18%
|
16
+16%
|
16
-5%
|
20
+29%
|
22
+12%
|
23
+3%
|
24
+6%
|
25
+1%
|
25
+3%
|
29
+16%
|
29
-1%
|
27
-8%
|
31
+16%
|
35
+12%
|
38
+8%
|
47
+25%
|
50
+6%
|
46
-7%
|
45
-3%
|
44
-1%
|
59
+33%
|
65
+10%
|
71
+9%
|
69
-3%
|
|
| EPS (Diluted) |
1.97
N/A
|
1.82
-8%
|
1.2
-34%
|
1.92
+60%
|
1.08
-44%
|
0.64
-41%
|
0.72
+12%
|
0.14
-81%
|
0.42
+200%
|
0.23
-45%
|
0.35
+52%
|
0.29
-17%
|
0.07
-76%
|
-0.21
N/A
|
-0.54
-157%
|
-0.64
-19%
|
-0.8
-25%
|
-0.56
+30%
|
-0.34
+39%
|
-0.2
+41%
|
0.43
N/A
|
0.52
+21%
|
0.63
+21%
|
0.7
+11%
|
0.59
-16%
|
0.53
-10%
|
0.61
+15%
|
0.57
-7%
|
0.7
+23%
|
0.71
+1%
|
0.59
-17%
|
0.59
N/A
|
0.57
-3%
|
0.53
-7%
|
0.54
+2%
|
0.52
-4%
|
0.35
-33%
|
0.4
+14%
|
0.42
+5%
|
0.45
+7%
|
0.83
+84%
|
0.83
N/A
|
1.02
+23%
|
1.15
+13%
|
1.09
-5%
|
1.18
+8%
|
0.97
-18%
|
0.79
-19%
|
0.92
+16%
|
0.88
-4%
|
1.13
+28%
|
1.26
+12%
|
1.3
+3%
|
1.38
+6%
|
1.39
+1%
|
1.42
+2%
|
1.65
+16%
|
1.63
-1%
|
1.5
-8%
|
1.75
+17%
|
1.96
+12%
|
2.12
+8%
|
2.65
+25%
|
2.81
+6%
|
2.6
-7%
|
2.52
-3%
|
2.49
-1%
|
3.32
+33%
|
3.65
+10%
|
3.99
+9%
|
3.89
-3%
|
|