Frontier Developments plc (AIM:FDEV)

Frontier Developments Income Statement

Financials in millions GBP. Fiscal year is June - May.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Revenue	90.6	89.27	104.58	114.03	90.69
Revenue Growth (YoY)	1.49%	-14.64%	-8.29%	25.74%	19.19%
Cost of Revenue	27.26	27.95	37.23	40.42	27.54
Gross Profit	63.34	61.32	67.35	73.61	63.15
Selling, General & Admin	22.63	25.29	26.07	25.9	21.21
Research & Development	31.97	50.95	49.74	38.78	22.03
Other Operating Expenses	-0.01	-4.85	-	-	-
Operating Expenses	54.59	71.39	75.81	64.68	43.23
Operating Income	8.75	-10.08	-8.46	8.93	19.92
Interest Expense	-1.03	-0.01	-	-0.59	-0.73
Interest & Investment Income	0.8	-	0.07	-	-
EBT Excluding Unusual Items	8.52	-10.09	-8.39	8.34	19.19
Merger & Restructuring Charges	-	-1.41	-	-	-
Gain (Loss) on Sale of Assets	3.9	-	-	-	-
Asset Writedown	-	-16.93	-18.12	-7.4	-
Pretax Income	12.42	-28.43	-26.51	0.94	19.19
Income Tax Expense	-3.97	-6.95	-5.6	-8.68	-2.37
Net Income	16.39	-21.47	-20.91	9.63	21.56
Net Income to Common	16.39	-21.47	-20.91	9.63	21.56
Net Income Growth	-	-	-	-55.34%	35.64%
Shares Outstanding (Basic)	39	39	39	39	39
Shares Outstanding (Diluted)	40	39	39	41	40
Shares Change (YoY)	4.29%	-1.07%	-3.89%	0.33%	0.38%
EPS (Basic)	0.42	-0.56	-0.54	0.25	0.55
EPS (Diluted)	0.41	-0.56	-0.54	0.24	0.53
EPS Growth	-	-	-	-55.54%	35.28%
Free Cash Flow	41.17	30.67	46.54	38.66	37.58
Free Cash Flow Per Share	1.02	0.79	1.19	0.95	0.93
Gross Margin	69.92%	68.69%	64.40%	64.55%	69.63%
Operating Margin	9.66%	-11.29%	-8.09%	7.83%	21.96%
Profit Margin	18.09%	-24.05%	-19.99%	8.44%	23.77%
Free Cash Flow Margin	45.44%	34.35%	44.50%	33.90%	41.44%
EBITDA	31.71	-6.47	-4.84	12.61	21.14
EBITDA Margin	35.00%	-7.24%	-4.63%	11.06%	23.31%
D&A For EBITDA	22.96	3.61	3.63	3.68	1.22
EBIT	8.75	-10.08	-8.46	8.93	19.92
EBIT Margin	9.66%	-11.29%	-8.09%	7.83%	21.96%

Updated May 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.