Angling Direct Income Statement

Financials in millions GBP. Fiscal year is February - January.

Millions GBP. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022
Revenue	103.9	91.34	81.66	74.1	72.47
Revenue Growth (YoY)	13.75%	11.86%	10.20%	2.24%	7.24%
Cost of Revenue	64.82	58.29	53.15	48.31	45.86
Gross Profit	39.08	33.05	28.5	25.79	26.61
Selling, General & Admin	35.88	31.06	27.19	25	23.11
Operating Expenses	35.88	31.06	27.19	25	23.11
Operating Income	3.2	2	1.32	0.79	3.5
Interest Expense	-0.85	-0.68	-0.54	-0.46	-0.41
Interest & Investment Income	0.39	0.58	0.49	0.1	0.01
Currency Exchange Gain (Loss)	-	0.02	0.04	-0.05	-0.02
Other Non Operating Income (Expenses)	0.14	0.05	0.05	0.03	-
EBT Excluding Unusual Items	2.87	1.96	1.36	0.41	3.09
Other Unusual Items	-	-	-	-	0.93
Pretax Income	2.87	1.96	1.52	0.67	4.02
Income Tax Expense	0.81	0.53	0.3	0.13	0.95
Net Income	2.06	1.43	1.22	0.54	3.08
Net Income to Common	2.06	1.43	1.22	0.54	3.08
Net Income Growth	44.54%	17.24%	125.97%	-82.48%	26.89%
Shares Outstanding (Basic)	73	77	77	77	77
Shares Outstanding (Diluted)	74	78	78	78	78
Shares Change (YoY)	-4.52%	-0.03%	-0.49%	-0.13%	6.81%
EPS (Basic)	0.03	0.02	0.02	0.01	0.04
EPS (Diluted)	0.03	0.02	0.02	0.01	0.04
EPS Growth	51.09%	17.21%	127.55%	-82.45%	18.73%
Free Cash Flow	2.71	0.21	3.89	-0.47	3.56
Free Cash Flow Per Share	0.04	0.00	0.05	-0.01	0.04
Gross Margin	37.61%	36.19%	34.91%	34.80%	36.72%
Operating Margin	3.08%	2.19%	1.61%	1.06%	4.83%
Profit Margin	1.99%	1.56%	1.49%	0.73%	4.25%
Free Cash Flow Margin	2.60%	0.23%	4.76%	-0.63%	4.91%
EBITDA	7.87	3.52	2.66	1.89	4.44
EBITDA Margin	7.57%	3.85%	3.26%	2.56%	6.13%
D&A For EBITDA	4.66	1.52	1.35	1.11	0.94
EBIT	3.2	2	1.32	0.79	3.5
EBIT Margin	3.08%	2.19%	1.61%	1.06%	4.83%
Effective Tax Rate	28.13%	27.07%	19.71%	19.43%	23.50%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.