Churchill China Income Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	76.28	78.28	82.34	82.53	60.84
Revenue Growth (YoY)	-2.56%	-4.93%	-0.23%	35.65%	67.31%
Cost of Revenue	-	10.9	7.49	9.58	10.05
Gross Profit	76.28	67.38	74.85	72.95	50.79
Selling, General & Admin	-0.45	55.79	60.77	60.91	42.19
Other Operating Expenses	70.6	-	-	-	-
Operating Expenses	70.21	59.45	64.28	63.89	45.02
Operating Income	6.07	7.93	10.56	9.06	5.77
Interest Expense	-0.18	-0.09	-0.08	-0.04	-0.03
Interest & Investment Income	0.11	0.23	0.23	0.06	0.01
Currency Exchange Gain (Loss)	-	0.46	0.05	-0.04	0.21
EBT Excluding Unusual Items	6	8.52	10.77	9.05	5.96
Merger & Restructuring Charges	-	-	-	-0.06	-
Gain (Loss) on Sale of Assets	0.02	0.01	0.02	0	0.01
Other Unusual Items	-	-	-	0.61	-
Pretax Income	6.03	8.54	10.79	9.6	5.96
Income Tax Expense	1.67	2.17	3.07	1.71	1.8
Earnings From Continuing Operations	4.36	6.37	7.72	7.9	4.17
Net Income	4.36	6.37	7.72	7.9	4.17
Net Income to Common	4.36	6.37	7.72	7.9	4.17
Net Income Growth	-31.49%	-17.52%	-2.25%	89.51%	3586.73%
Shares Outstanding (Basic)	11	11	11	11	11
Shares Outstanding (Diluted)	11	11	11	11	11
Shares Change (YoY)	-	-	-0.10%	-0.13%	-0.05%
EPS (Basic)	0.40	0.58	0.70	0.72	0.38
EPS (Diluted)	0.40	0.58	0.70	0.72	0.38
EPS Growth	-31.49%	-17.52%	-2.15%	89.75%	3679.42%
Free Cash Flow	4.99	0.65	3.14	-0.65	6.01
Free Cash Flow Per Share	0.45	0.06	0.29	-0.06	0.55
Dividend Per Share	0.210	0.380	0.360	0.315	0.240
Dividend Growth	-44.74%	5.56%	14.29%	31.25%	-
Gross Margin	100.00%	86.08%	90.90%	88.40%	83.49%
Operating Margin	7.95%	10.13%	12.83%	10.98%	9.48%
Profit Margin	5.72%	8.13%	9.37%	9.57%	6.85%
Free Cash Flow Margin	6.55%	0.82%	3.82%	-0.78%	9.88%
EBITDA	9.87	11.17	13.69	11.73	8.31
EBITDA Margin	12.94%	14.27%	16.62%	14.22%	13.65%
D&A For EBITDA	3.81	3.24	3.12	2.67	2.54
EBIT	6.07	7.93	10.56	9.06	5.77
EBIT Margin	7.95%	10.13%	12.83%	10.98%	9.48%
Effective Tax Rate	27.64%	25.43%	28.47%	17.77%	30.14%

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