Balticon SA
WSE:BLT
Income Statement
Earnings Waterfall
Balticon SA
Income Statement
Balticon SA
| 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 |
1
|
1
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
3
|
0
|
0
|
0
|
|
| Revenue |
73
N/A
|
72
-1%
|
73
+1%
|
74
+1%
|
75
+1%
|
75
+1%
|
77
+2%
|
79
+2%
|
80
+2%
|
85
+5%
|
89
+5%
|
91
+3%
|
97
+6%
|
101
+5%
|
107
+5%
|
115
+8%
|
122
+6%
|
131
+7%
|
141
+8%
|
149
+6%
|
157
+5%
|
162
+4%
|
166
+2%
|
171
+3%
|
173
+1%
|
176
+2%
|
216
+23%
|
215
0%
|
174
-19%
|
219
+26%
|
182
-17%
|
183
+1%
|
187
+2%
|
194
+3%
|
205
+6%
|
219
+7%
|
227
+4%
|
230
+1%
|
227
-1%
|
225
-1%
|
230
+2%
|
235
+2%
|
246
+5%
|
261
+6%
|
274
+5%
|
288
+5%
|
298
+3%
|
311
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(62)
|
(62)
|
(63)
|
(64)
|
(64)
|
(64)
|
(65)
|
(66)
|
(69)
|
(72)
|
(76)
|
(79)
|
(19)
|
(87)
|
(92)
|
(100)
|
(25)
|
(117)
|
(127)
|
(134)
|
(33)
|
(143)
|
(147)
|
(149)
|
(35)
|
(149)
|
(174)
|
(171)
|
(34)
|
(158)
|
(104)
|
(79)
|
(148)
|
(45)
|
(50)
|
(56)
|
(186)
|
(62)
|
(65)
|
(95)
|
(184)
|
(160)
|
(194)
|
(206)
|
(217)
|
(228)
|
(237)
|
(246)
|
|
| Gross Profit |
11
N/A
|
10
-5%
|
10
+0%
|
10
+3%
|
11
+5%
|
11
+6%
|
13
+9%
|
13
+1%
|
12
-8%
|
12
+7%
|
13
+5%
|
12
-5%
|
78
+528%
|
14
-81%
|
15
+0%
|
15
+5%
|
97
+535%
|
13
-86%
|
14
+3%
|
15
+13%
|
123
+700%
|
19
-85%
|
18
-3%
|
21
+15%
|
138
+551%
|
27
-80%
|
42
+54%
|
44
+5%
|
140
+216%
|
61
-56%
|
78
+28%
|
104
+34%
|
39
-62%
|
148
+279%
|
155
+5%
|
163
+5%
|
41
-75%
|
168
+308%
|
162
-4%
|
130
-19%
|
46
-65%
|
75
+62%
|
52
-30%
|
55
+6%
|
57
+4%
|
61
+6%
|
61
+1%
|
65
+7%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(11)
|
(10)
|
(11)
|
(11)
|
(76)
|
(13)
|
(12)
|
(12)
|
(96)
|
(12)
|
(13)
|
(14)
|
(120)
|
(15)
|
(16)
|
(19)
|
(137)
|
(27)
|
(37)
|
(37)
|
(131)
|
(50)
|
(69)
|
(96)
|
(33)
|
(142)
|
(150)
|
(157)
|
(34)
|
(161)
|
(157)
|
(127)
|
(44)
|
(71)
|
(47)
|
(49)
|
(49)
|
(50)
|
(51)
|
(52)
|
|
| Selling, General & Administrative |
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(8)
|
(7)
|
(16)
|
(22)
|
(23)
|
(7)
|
(11)
|
(8)
|
(8)
|
(20)
|
(20)
|
(20)
|
(21)
|
(23)
|
(25)
|
(26)
|
(28)
|
(28)
|
(29)
|
(31)
|
(33)
|
(35)
|
(36)
|
(37)
|
(38)
|
|
| Depreciation & Amortization |
(4)
|
(3)
|
(3)
|
(4)
|
(5)
|
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(10)
|
(10)
|
(8)
|
(10)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
(10)
|
|
| Other Operating Expenses |
(0)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(65)
|
(2)
|
(1)
|
(2)
|
(86)
|
(2)
|
(2)
|
(3)
|
(108)
|
(2)
|
(2)
|
(2)
|
(122)
|
(3)
|
(4)
|
(3)
|
(116)
|
(28)
|
(53)
|
(79)
|
(5)
|
(114)
|
(121)
|
(127)
|
(2)
|
(128)
|
(122)
|
(90)
|
(6)
|
(32)
|
(6)
|
(6)
|
(4)
|
(4)
|
(4)
|
(5)
|
|
| Operating Income |
2
N/A
|
2
-22%
|
1
-21%
|
1
-9%
|
2
+19%
|
2
+24%
|
3
+33%
|
2
-18%
|
1
-60%
|
2
+134%
|
2
-5%
|
1
-27%
|
2
+31%
|
2
+4%
|
3
+37%
|
4
+34%
|
2
-55%
|
1
-11%
|
1
-23%
|
2
+54%
|
4
+126%
|
4
+17%
|
3
-38%
|
3
-8%
|
1
-45%
|
0
-86%
|
6
+2 845%
|
7
+32%
|
9
+20%
|
11
+23%
|
9
-23%
|
8
-8%
|
7
-17%
|
6
-7%
|
5
-10%
|
6
+14%
|
7
+13%
|
7
-5%
|
4
-33%
|
4
-19%
|
3
-27%
|
4
+36%
|
5
+51%
|
6
+13%
|
8
+41%
|
11
+26%
|
10
-7%
|
13
+31%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Non-Reccuring Items |
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
|
1
|
1
|
1
|
1
|
1
|
1
|
5
|
5
|
5
|
5
|
1
|
3
|
2
|
2
|
2
|
(0)
|
(0)
|
(0)
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
0
|
0
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(2)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(0)
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
1
|
1
|
|
| Pre-Tax Income |
2
N/A
|
1
-23%
|
1
-21%
|
1
-10%
|
1
-4%
|
1
+49%
|
2
+46%
|
2
-19%
|
1
-70%
|
2
+235%
|
2
-6%
|
1
-36%
|
1
+30%
|
1
-14%
|
2
+51%
|
3
+61%
|
2
-21%
|
2
-33%
|
1
-21%
|
2
+91%
|
3
+45%
|
4
+25%
|
3
-39%
|
1
-48%
|
1
-31%
|
(0)
N/A
|
4
N/A
|
7
+51%
|
7
+5%
|
10
+46%
|
8
-17%
|
8
-9%
|
6
-20%
|
5
-20%
|
4
-28%
|
8
+118%
|
10
+32%
|
9
-6%
|
7
-22%
|
3
-66%
|
4
+45%
|
3
-20%
|
5
+58%
|
5
+12%
|
5
+3%
|
8
+41%
|
7
-4%
|
11
+49%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
2
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
0
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
1
|
1
|
2
|
3
|
3
|
2
|
1
|
0
|
(1)
|
3
|
4
|
5
|
8
|
7
|
7
|
4
|
3
|
2
|
5
|
8
|
7
|
5
|
1
|
2
|
1
|
3
|
3
|
5
|
7
|
7
|
11
|
|
| 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)
|
|
| Net Income (Common) |
2
N/A
|
1
-28%
|
1
-27%
|
1
-14%
|
1
+51%
|
2
+39%
|
2
+44%
|
2
-19%
|
0
-75%
|
2
+280%
|
1
-13%
|
1
-42%
|
1
+32%
|
1
-38%
|
1
+37%
|
2
+104%
|
2
-19%
|
1
-42%
|
1
-33%
|
2
+167%
|
3
+61%
|
3
+25%
|
2
-33%
|
1
-52%
|
0
-70%
|
(1)
N/A
|
3
N/A
|
4
+54%
|
5
+18%
|
8
+55%
|
7
-16%
|
7
-4%
|
4
-33%
|
3
-25%
|
2
-35%
|
5
+151%
|
8
+41%
|
7
-7%
|
5
-27%
|
1
-78%
|
2
+67%
|
1
-52%
|
3
+180%
|
3
+16%
|
5
+76%
|
7
+39%
|
7
-5%
|
10
+50%
|
|
| EPS (Diluted) |
0.52
N/A
|
0.37
-29%
|
0.27
-27%
|
0.23
-15%
|
0.35
+52%
|
0.49
+40%
|
0.71
+45%
|
0.58
-18%
|
0.14
-76%
|
0.54
+286%
|
0.47
-13%
|
0.28
-40%
|
0.36
+29%
|
0.23
-36%
|
0.32
+39%
|
0.64
+100%
|
0.51
-20%
|
0.3
-41%
|
0.2
-33%
|
0.53
+165%
|
0.84
+58%
|
1.06
+26%
|
0.71
-33%
|
0.34
-52%
|
0.1
-71%
|
-0.3
N/A
|
0.94
N/A
|
1.44
+53%
|
1.7
+18%
|
2.63
+55%
|
2.21
-16%
|
2.13
-4%
|
1.42
-33%
|
1.07
-25%
|
0.69
-36%
|
1.74
+152%
|
2.46
+41%
|
2.29
-7%
|
1.66
-28%
|
0.37
-78%
|
0.62
+68%
|
0.3
-52%
|
0.83
+177%
|
0.96
+16%
|
1.68
+75%
|
2.34
+39%
|
2.23
-5%
|
3.36
+51%
|
|