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Consolidated income statement

Consolidated income statement

millions of €

 

 

 

 

 

 

 

Note

2025

2024

2023

Net revenue

 

20

119,081

115,769

111,970

Of which: interest income calculated using the effective interest method

 

 

738

658

662

Of which: revenue from insurance contracts

 

41

4,327

4,554

4,533

Other operating income

 

21

1,358

3,913

1,384

Changes in inventories

 

22

(23)

4

(6)

Own capitalized costs

 

23

2,706

2,628

2,721

Goods and services purchased

 

24

(48,747)

(47,374)

(47,201)

Personnel costs

 

25

(19,781)

(19,004)

(19,077)

Other operating expenses

 

26

(5,764)

(5,632)

(5,019)

Impairment losses on financial assets, contract assets, and lease assets

 

 

(1,559)

(1,357)

(1,149)

Gains (losses) from the write-off of financial assets measured at amortized cost

 

 

(21)

(19)

(14)

Other

 

 

(4,183)

(4,256)

(3,856)

EBITDA

 

 

48,831

50,304

44,772

Depreciation, amortization and impairment losses

 

27

(24,009)

(24,027)

(23,975)

Profit (loss) from operations (EBIT)

 

28

24,822

26,277

20,798

Finance costs

 

29

(5,909)

(5,686)

(5,719)

Interest income

 

 

613

927

870

Interest expense

 

 

(6,522)

(6,613)

(6,588)

Share of profit (loss) of associates and joint ventures accounted for using the equity method

 

30

765

2,534

(2,766)

Other financial income (expense)

 

31

(179)

(168)

(345)

Profit (loss) from financial activities

 

 

(5,323)

(3,319)

(8,829)

Profit (loss) before income taxes

 

 

19,499

22,958

11,968

Income taxes

 

32

(4,573)

(5,301)

(3,672)

Profit (loss) after taxes from continuing operations

 

 

14,926

17,657

8,296

Profit (loss) after taxes from discontinued operation

 

33

0

0

13,696

Profit (loss)

 

 

14,926

17,657

21,992

Profit (loss) attributable to

 

 

 

 

 

Owners of the parent (net profit (loss))

 

 

9,609

11,209

17,788

Non-controlling interests

 

34

5,317

6,448

4,204

 

 

 

 

 

 

Earnings per share

 

36

 

 

 

Profit (loss) from continuing operations attributable to the owners of the parent (net profit (loss))

 

millions of €

9,609

11,209

4,092

Profit (loss) from discontinued operation attributable to the owners of the parent (net profit (loss))

 

millions of €

0

0

13,696

Profit (loss) attributable to the owners of the parent (net profit (loss))

 

millions of €

9,609

11,209

17,788

 

 

 

 

 

 

Adjusted weighted average number of ordinary shares outstanding (basic and diluted)

 

millions

4,871

4,938

4,976

 

 

 

 

 

 

Earnings per share from continuing operations (basic and diluted)

 

1.97

2.27

0.82

Earnings per share from discontinued operation (basic and diluted)

 

0.00

0.00

2.75

Earnings per share (basic and diluted)

 

1.97

2.27

3.57

The GD tower companies had been recognized in the interim consolidated financial statements as a discontinued operation from the third quarter of 2022 until their sale on February 1, 2023.

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