Cavendish Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Total Interest Expense	0.34	0.37	0.43	0.5	0.52	0.52
Net Interest Income	-0.34	-0.37	-0.43	-0.5	-0.52	-0.52
Brokerage Commission	48.6	49.97	43.54	32.86	28.29	34.48
Underwriting & Investment Banking Fee	-	-	-	-	24.26	12.15
Gain on Sale of Investments (Rev)	8.05	5.68	4.55	-	-	-
Other Revenue	-	-	-	-0.21	0.01	0.93
Revenue	56.31	55.28	47.66	32.15	52.03	47.04
Revenue Growth (YoY)	-9.23%	15.98%	48.26%	-38.22%	10.63%	81.84%
Salaries & Employee Benefits	39.1	38.43	36.71	23.26	33.08	28.07
Cost of Services Provided	13.56	14.25	12.86	9.43	8.98	7.5
Total Operating Expenses	54.59	54.62	51.63	34.54	43.88	37.65
Operating Income	1.73	0.66	-3.96	-2.39	8.15	9.39
Currency Exchange Gains	-0.01	-0.01	-0.02	-0.01	-0.06	0.02
Other Non-Operating Income (Expenses)	0.55	0.6	0.36	0.07	0.01	0.02
EBT Excluding Unusual Items	2.05	1.04	-3.97	-2.63	8.11	9.42
Merger & Restructuring Charges	-	-	-3.26	-3.66	-	-1.05
Gain (Loss) on Sale of Investments	-0.29	-0.29	-0.29	-	-	-
Other Unusual Items	-	-	3.21	-	-	-
Pretax Income	1.76	0.75	-4.31	-6.29	8.11	8.38
Income Tax Expense	0.31	-0.02	-0.77	-0.77	1.59	1.35
Net Income	1.45	0.77	-3.55	-5.52	6.51	7.03
Net Income to Common	1.45	0.77	-3.55	-5.52	6.51	7.03
Net Income Growth	-	-	-	-	-7.40%	810.75%
Shares Outstanding (Basic)	343	340	253	170	165	160
Shares Outstanding (Diluted)	378	366	253	170	182	166
Shares Change (YoY)	16.39%	44.78%	49.01%	-6.87%	9.78%	-0.38%
EPS (Basic)	0.00	0.00	-0.01	-0.03	0.04	0.04
EPS (Diluted)	0.00	0.00	-0.01	-0.03	0.04	0.04
EPS Growth	-	-	-	-	-15.80%	821.92%
Free Cash Flow	8.99	6.85	1.48	-10.49	7.17	15.7
Free Cash Flow Per Share	0.02	0.02	0.01	-0.06	0.04	0.10
Dividend Per Share	0.008	0.008	0.003	-	0.018	0.015
Dividend Growth	45.45%	220.00%	-	-	16.67%	92.31%
Operating Margin	3.06%	1.20%	-8.31%	-7.43%	15.67%	19.96%
Profit Margin	2.58%	1.38%	-7.44%	-17.16%	12.51%	14.95%
Free Cash Flow Margin	15.97%	12.39%	3.11%	-32.64%	13.79%	33.37%
Effective Tax Rate	17.34%	-	-	-	19.67%	16.07%
Revenue as Reported	-	-	-	-	52.56	47.56

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.