Refine Group AB (publ)
STO:REFINE
Income Statement
Earnings Waterfall
Refine Group AB (publ)
Income Statement
Refine Group AB (publ)
| Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Interest Expense |
9
|
12
|
13
|
16
|
14
|
14
|
13
|
10
|
0
|
|
| Revenue |
197
N/A
|
262
+33%
|
270
+3%
|
277
+3%
|
262
-6%
|
245
-6%
|
224
-8%
|
183
-18%
|
153
-17%
|
|
| Gross Profit | ||||||||||
| Cost of Revenue |
(110)
|
(151)
|
(155)
|
(160)
|
(150)
|
(143)
|
(131)
|
(103)
|
(84)
|
|
| Gross Profit |
87
N/A
|
111
+27%
|
115
+4%
|
116
+1%
|
111
-5%
|
102
-8%
|
93
-9%
|
80
-13%
|
68
-15%
|
|
| Operating Income | ||||||||||
| Operating Expenses |
(144)
|
(401)
|
(407)
|
(405)
|
(409)
|
(221)
|
(252)
|
(238)
|
(216)
|
|
| Selling, General & Administrative |
(55)
|
(52)
|
(52)
|
(50)
|
(48)
|
(45)
|
(43)
|
(40)
|
(36)
|
|
| Depreciation & Amortization |
(39)
|
(290)
|
(293)
|
(292)
|
(292)
|
(116)
|
(154)
|
(151)
|
(140)
|
|
| Other Operating Expenses |
(48)
|
(58)
|
(63)
|
(63)
|
(69)
|
(60)
|
(54)
|
(47)
|
(40)
|
|
| Operating Income |
(57)
N/A
|
(290)
-413%
|
(292)
-1%
|
(288)
+1%
|
(297)
-3%
|
(119)
+60%
|
(158)
-33%
|
(157)
+1%
|
(148)
+6%
|
|
| Pre-Tax Income | ||||||||||
| Interest Income Expense |
(26)
|
(25)
|
(26)
|
(26)
|
(11)
|
(46)
|
11
|
15
|
19
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
(82)
N/A
|
(315)
-284%
|
(318)
-1%
|
(314)
+1%
|
(308)
+2%
|
(165)
+47%
|
(147)
+11%
|
(142)
+3%
|
(129)
+9%
|
|
| Net Income | ||||||||||
| Tax Provision |
0
|
3
|
3
|
3
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
(82)
|
(312)
|
(314)
|
(310)
|
(305)
|
(165)
|
(147)
|
(142)
|
(129)
|
|
| Income to Minority Interest |
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(82)
N/A
|
(313)
-281%
|
(316)
-1%
|
(312)
+1%
|
(306)
+2%
|
(164)
+46%
|
(147)
+11%
|
(142)
+3%
|
(129)
+9%
|
|
| EPS (Diluted) |
-1.49
N/A
|
-5.67
-281%
|
-5.71
-1%
|
-5.46
+4%
|
-4.49
+18%
|
-2.44
+46%
|
-2.17
+11%
|
-2.11
+3%
|
-1.41
+33%
|
|