Also trades as: VOPKF (OTC) · $vol 0M · VOPKY (OTC) · $vol 0M

€48.14 ($53.86)

+0.52 (+1.09%)

Weekly Expected Move ±2.9%

€45 €47 €48 €50 €51

AMS · Energy · Oil & Gas Midstream · Tech Score Buy · Power 59 · €5.5B mcap · 56M float · 0.207% daily turnover

Revenue

$1.3B -1.3% ▼

5Y CAGR: +1.8%

Gross Profit

$311M -69.2% ▼

5Y CAGR: -6.7%

Operating Income

$618M +52.4% ▲

5Y CAGR: +13.4%

Net Income

$604M +60.8% ▲

5Y CAGR: +15.4%

EPS (Diluted)

$5.23 +68.2% ▲

5Y CAGR: +17.6%

EBITDA

$933M +0.9% ▲

5Y CAGR: +7.7%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.2B	$1.4B	$1.4B	$1.3B	$1.3B
YoY Growth	+3.2%	+11.3%	+4.3%	-7.7%	-1.3%
Cost of Revenue	$828M	$770M	$774M	$307M	$988M
Gross Profit	$400M	$597M	$652M	$1.0B	$311M
Gross Margin	32.6%	43.7%	45.7%	76.6%	23.9%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$100M	$236M	$230M	$22M	$0
Operating Expenses	$100M	$236M	$230M	$661M	-$307M
Operating Income	$300M	$361M	$422M	$406M	$618M
Operating Margin	24.5%	26.4%	29.6%	30.8%	47.6%
Interest Expense	$110M	$124M	$134M	$117M	$130M
Income Before Tax	$303M	-$37M	$563M	$501M	$714M
Tax Expense	$60M	$101M	$74M	$82M	$84M
Net Income	$214M	-$168M	$456M	$376M	$604M
Net Margin	17.4%	-12.3%	32.0%	28.6%	46.5%
EPS (Diluted)	$1.70	$-1.34	$3.62	$3.11	$5.23
EBITDA	$611M	$232M	$802M	$925M	$933M
Shares Outstanding	126M	125M	126M	121M	115M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$705M	$721M	$705M	$654M	$662M	$652M	$647M	$677M
Cost of Revenue	$538M	$512M	$543M	-$187M	$494M	$478M	$674M	$480M
Gross Profit	$167M	$209M	$161M	$840M	$168M	$652M	-$27M	$197M
Gross Margin	23.7%	29.0%	22.9%	128.6%	25.3%	100.0%	-4.2%	29.1%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$182M	$186M	$176M	$168M	$0	$166M	$0	$0
Operating Expenses	-$19M	-$20M	-$72M	-$29M	-$43M	$214M	-$166M	-$16M
Operating Income	$186M	$229M	$234M	$214M	$211M	$438M	$139M	$212M
Operating Margin	26.4%	31.8%	33.1%	32.7%	31.9%	67.2%	21.5%	31.4%
Interest Expense	$68M	$71M	$69M	$55M	$61M	$63M	$80M	$68M
Income Before Tax	$124M	$209M	$251M	$278M	$223M	$381M	$333M	$249M
Tax Expense	$45M	$69M	$5M	$43M	$39M	$41M	$43M	$36M
Net Income	$167M	$224M	$232M	$212M	$163M	$319M	$285M	$186M
Net Margin	23.7%	31.1%	32.9%	32.5%	24.7%	48.9%	44.1%	27.5%
EPS (Diluted)	$1.33	$1.79	$1.84	$1.72	$1.39	$2.73	$2.49	$1.63
EBITDA	$356M	$442M	$371M	$341M	$311M	$334M	$297M	$379M
Shares Outstanding	125M	125M	126M	124M	118M	117M	115M	114M

VPK.AS AMS