NSE SA
PAR:ALNSE
Income Statement
Earnings Waterfall
NSE SA
Income Statement
NSE SA
| Dec-2009 | Jun-2010 | Dec-2010 | Jun-2011 | Dec-2011 | Jun-2012 | Dec-2012 | Jun-2013 | Dec-2013 | Jun-2014 | Dec-2014 | Jun-2015 | Dec-2015 | Jun-2016 | Dec-2016 | 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
|
1
|
0
|
1
|
0
|
1
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
24
N/A
|
26
+8%
|
22
-14%
|
21
-5%
|
55
+160%
|
74
+34%
|
64
-14%
|
65
+1%
|
64
-1%
|
62
-3%
|
61
-1%
|
59
-3%
|
57
-4%
|
61
+7%
|
63
+3%
|
64
+1%
|
64
+1%
|
64
+0%
|
67
+4%
|
70
+5%
|
76
+8%
|
71
-7%
|
70
-1%
|
75
+6%
|
67
-11%
|
64
-4%
|
66
+3%
|
69
+5%
|
77
+11%
|
97
+26%
|
104
+7%
|
100
-3%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||
| Cost of Revenue |
(7)
|
(8)
|
(6)
|
(5)
|
(28)
|
(39)
|
(31)
|
(32)
|
(32)
|
(30)
|
(31)
|
(31)
|
(23)
|
(21)
|
(24)
|
(26)
|
(27)
|
(27)
|
(27)
|
(26)
|
(27)
|
(26)
|
(25)
|
(26)
|
(21)
|
(21)
|
(25)
|
(28)
|
(34)
|
(51)
|
(58)
|
(54)
|
|
| Gross Profit |
17
N/A
|
18
+6%
|
16
-10%
|
16
0%
|
28
+71%
|
36
+29%
|
33
-9%
|
32
-1%
|
32
0%
|
31
-3%
|
30
-5%
|
28
-6%
|
33
+20%
|
40
+20%
|
39
-4%
|
38
-2%
|
37
-1%
|
37
-1%
|
40
+8%
|
45
+13%
|
49
+10%
|
45
-8%
|
45
+0%
|
48
+7%
|
45
-6%
|
43
-6%
|
41
-4%
|
41
+0%
|
43
+4%
|
46
+7%
|
45
0%
|
46
+0%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Expenses |
(15)
|
(16)
|
(15)
|
(15)
|
(25)
|
(32)
|
(31)
|
(31)
|
(31)
|
(30)
|
(29)
|
(29)
|
(35)
|
(38)
|
(37)
|
(36)
|
(36)
|
(38)
|
(38)
|
(37)
|
(39)
|
(36)
|
(38)
|
(41)
|
(39)
|
(38)
|
(37)
|
(35)
|
(37)
|
(39)
|
(38)
|
(40)
|
|
| Selling, General & Administrative |
(9)
|
(9)
|
(9)
|
(10)
|
(23)
|
(33)
|
(28)
|
(28)
|
(27)
|
(26)
|
(26)
|
(26)
|
(32)
|
(36)
|
(34)
|
(33)
|
(34)
|
(34)
|
(35)
|
(36)
|
(38)
|
(36)
|
(35)
|
(38)
|
(37)
|
(36)
|
(36)
|
(34)
|
(35)
|
(37)
|
(35)
|
(36)
|
|
| Depreciation & Amortization |
(2)
|
(2)
|
(1)
|
(1)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Other Operating Expenses |
(4)
|
(5)
|
(4)
|
(4)
|
1
|
4
|
1
|
1
|
0
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
2
|
1
|
2
|
0
|
(0)
|
1
|
1
|
2
|
1
|
1
|
1
|
(0)
|
(1)
|
|
| Operating Income |
2
N/A
|
2
+6%
|
1
-34%
|
1
-18%
|
3
+148%
|
3
+15%
|
2
-55%
|
1
-25%
|
1
+1%
|
1
+26%
|
0
-86%
|
(2)
N/A
|
(1)
+33%
|
2
N/A
|
1
-10%
|
1
-18%
|
1
-43%
|
(1)
N/A
|
1
N/A
|
8
+472%
|
10
+27%
|
9
-8%
|
8
-15%
|
8
+1%
|
6
-17%
|
5
-25%
|
4
-8%
|
6
+28%
|
5
-4%
|
7
+31%
|
7
+1%
|
5
-24%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||
| Interest Income Expense |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(1)
|
|
| Non-Reccuring Items |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
1
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
|
| Gain/Loss on Disposition of Assets |
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
|
|
| Total Other Income |
0
|
(1)
|
0
|
(1)
|
(1)
|
(2)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
(0)
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
|
| Pre-Tax Income |
2
N/A
|
2
+13%
|
1
-40%
|
1
-28%
|
2
+221%
|
3
+35%
|
1
-56%
|
1
-39%
|
1
+56%
|
1
-47%
|
(0)
N/A
|
(3)
-678%
|
(2)
+32%
|
1
N/A
|
1
-37%
|
0
-65%
|
(0)
N/A
|
(2)
-2 988%
|
2
N/A
|
7
+313%
|
9
+38%
|
8
-13%
|
6
-19%
|
7
+10%
|
6
-17%
|
4
-23%
|
4
-19%
|
5
+26%
|
6
+21%
|
7
+22%
|
7
-3%
|
5
-28%
|
|
| Net Income | |||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
1
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
|
| Income from Continuing Operations |
1
|
2
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
1
|
0
|
(2)
|
(1)
|
1
|
1
|
1
|
0
|
(1)
|
1
|
4
|
6
|
6
|
4
|
5
|
4
|
3
|
3
|
3
|
4
|
5
|
5
|
3
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
(1)
|
(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
|
|
| Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
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)
|
|
| Net Income (Common) |
1
N/A
|
2
+11%
|
1
-27%
|
1
-32%
|
1
+27%
|
1
+36%
|
1
-47%
|
(0)
N/A
|
1
N/A
|
1
+2%
|
0
-92%
|
(2)
N/A
|
(1)
+38%
|
1
N/A
|
1
-30%
|
1
-40%
|
0
-87%
|
(1)
N/A
|
1
N/A
|
4
+301%
|
6
+35%
|
5
-13%
|
4
-22%
|
5
+14%
|
4
-10%
|
3
-16%
|
3
-11%
|
4
+15%
|
4
+18%
|
5
+20%
|
4
-27%
|
2
-42%
|
|
| EPS (Diluted) |
1.23
N/A
|
1.38
+12%
|
1.04
-25%
|
0.71
-32%
|
0.86
+21%
|
0.43
-50%
|
0.23
-47%
|
-0.01
N/A
|
0.27
N/A
|
0.28
+4%
|
0.02
-93%
|
-0.53
N/A
|
-0.33
+38%
|
0.42
N/A
|
0.29
-31%
|
0.17
-41%
|
0.02
-88%
|
-0.38
N/A
|
0.34
N/A
|
1.38
+306%
|
1.86
+35%
|
1.61
-13%
|
1.26
-22%
|
1.43
+13%
|
1.29
-10%
|
1.09
-16%
|
0.96
-12%
|
1.11
+16%
|
1.3
+17%
|
1.56
+20%
|
1.14
-27%
|
0.65
-43%
|
|