Griffin Mining Limited (AIM:GFM)

Griffin Mining Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	135.13	146.02	94.4	121.65	75.4
Revenue Growth (YoY)	-7.46%	54.69%	-22.40%	61.33%	-8.34%
Cost of Revenue	83.88	94.18	56.15	63.22	42.74
Gross Profit	51.25	51.84	38.25	58.42	32.67
Selling, General & Admin	33.96	28.01	22.63	21.5	17.52
Operating Expenses	34.56	28.01	22.63	21.51	17.53
Operating Income	16.69	23.84	15.63	36.91	15.14
Interest Expense	-0.04	-0.18	-0.14	-0.4	-0.36
Interest & Investment Income	2.02	1.39	0.37	0.24	0.11
Currency Exchange Gain (Loss)	-0.19	-0.14	-0.39	-0.05	0.02
Other Non Operating Income (Expenses)	0.53	0.35	0.2	0.12	0.74
EBT Excluding Unusual Items	19.01	25.27	15.68	36.82	15.64
Gain (Loss) on Sale of Assets	-1.11	-0.78	-0.4	-0.29	-1.13
Pretax Income	17.9	24.49	15.27	36.53	14.52
Income Tax Expense	6.55	9.25	7.57	11.15	5.61
Net Income	11.35	15.24	7.7	25.38	8.91
Net Income to Common	11.35	15.24	7.7	25.38	8.91
Net Income Growth	-25.50%	97.77%	-69.64%	184.80%	46.45%
Shares Outstanding (Basic)	187	190	175	175	173
Shares Outstanding (Diluted)	187	191	187	188	183
Shares Change (YoY)	-2.31%	1.99%	-0.59%	3.14%	-2.77%
EPS (Basic)	0.06	0.08	0.04	0.15	0.05
EPS (Diluted)	0.06	0.08	0.04	0.13	0.05
EPS Growth	-23.81%	94.16%	-69.49%	176.03%	50.62%
Free Cash Flow	-1.39	25.53	-5.37	22.95	0.02
Free Cash Flow Per Share	-0.01	0.13	-0.03	0.12	-
Gross Margin	37.93%	35.50%	40.52%	48.03%	43.32%
Operating Margin	12.35%	16.32%	16.55%	30.34%	20.08%
Profit Margin	8.40%	10.43%	8.16%	20.86%	11.82%
Free Cash Flow Margin	-1.03%	17.48%	-5.69%	18.87%	0.02%
EBITDA	41.9	51.86	35.22	53.46	27.95
EBITDA Margin	31.01%	35.52%	37.30%	43.94%	37.07%
D&A For EBITDA	25.21	28.03	19.59	16.54	12.81
EBIT	16.69	23.84	15.63	36.91	15.14
EBIT Margin	12.35%	16.32%	16.55%	30.34%	20.08%
Effective Tax Rate	36.60%	37.78%	49.55%	30.53%	38.62%

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