FBRT

Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Total revenue 51.59 M50.11 M49.29 M89.55 M81.12 M 270.07 M Gross profit 51.59 M50.11 M49.29 M80.03 M71.21 M 250.64 M Operating expenses 26.32 M30.34 M29.56 M73.29 M53.18 M 186.37 M Selling/general/admin expenses 2.34 M3.35 M3.88 M3.46 M2.66 M 13.35 M Research & development ————— — Operating income 25.27 M19.77 M19.73 M6.73 M18.03 M 64.27 M Non-Operating Income, Total 5.09 M4.59 M4.51 M-1.54 M-3.29 M 4.27 M Interest expense, net of interest capitalized 83.78 M73.84 M73.43 M80.27 M73.75 M 301.29 M Non-Operating Income, excl. Interest Expenses -78.68 M-69.25 M-68.92 M-81.81 M-77.04 M -297.02 M Unusual income/expense ————— — Pretax income 44.55 M38.51 M39.34 M38.63 M50.34 M 166.82 M Equity in earnings 00181 K6 0003.4 M 3.58 M Taxes 193 K654 K-138 K-2.9 M6.27 M 3.88 M Non-controlling/minority interest -351 K-353 K1.18 M302 K682 K 1.81 M After tax other income/expense ————— — Net income before discontinued operations 30.52 M24.06 M23.2 M17.31 M17.7 M 82.27 M Discontinued operations ————— — Net income 30.52 M24.06 M23.2 M17.31 M17.7 M 82.27 M Dilution adjustment -454 K-524 K-522 K237 K620 K -189 K Preferred dividends 6.75 M6.75 M6.75 M6.75 M6.75 M 26.99 M Diluted net income available to common stockholders 23.32 M16.79 M15.93 M10.8 M11.57 M 55.09 M Basic earnings per share (Basic EPS) 0.280.20.190.120.14 0.65 Diluted earnings per share (Diluted EPS) 0.280.20.190.120.13 0.64 Average basic shares outstanding 81.85 M82.05 M82.18 M82.21 M81.97 M 328.41 M Diluted shares outstanding 81.85 M82.05 M82.18 M90.6 M86.19 M 341.03 M EBITDA 26.68 M21.15 M21.11 M10.17 M21.43 M 73.86 M EBIT 25.27 M19.77 M19.73 M6.73 M18.03 M 64.27 M Cost of revenue 0——9.52 M9.91 M — Other cost of goods sold ————— — Depreciation & amortization (cash flow) 1.41 M1.38 M1.38 M3.43 M3.4 M 9.59 M