James Latham 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
Revenue	376.81	366.61	366.51	408.37	385.37	250.16
Revenue Growth (YoY)	4.03%	0.03%	-10.25%	5.97%	54.05%	1.24%
Cost of Revenue	313.77	305.16	304.42	328.36	293.84	205.06
Gross Profit	63.05	61.45	62.1	80.01	91.53	45.1
Selling, General & Admin	42.08	40.26	35.2	36.06	33.38	26.3
Operating Expenses	42.08	40.26	35.2	36.06	33.38	26.3
Operating Income	20.97	21.19	26.9	43.95	58.15	18.8
Interest Expense	-0.3	-0.35	-0.19	-0.26	-0.22	-0.21
Interest & Investment Income	2.85	3.44	3.56	0.82	0.03	0.01
EBT Excluding Unusual Items	23.52	24.28	30.26	44.51	57.95	18.6
Pretax Income	23.52	24.28	30.26	44.51	57.95	18.6
Income Tax Expense	5.87	6.14	7.6	8.59	12.31	3.62
Net Income	17.65	18.15	22.66	35.92	45.64	14.98
Net Income to Common	17.65	18.15	22.66	35.92	45.64	14.98
Net Income Growth	-13.72%	-19.92%	-36.91%	-21.30%	204.65%	20.04%
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
Shares Change (YoY)	0.07%	0.24%	0.43%	0.25%	0.39%	0.55%
EPS (Basic)	0.88	0.90	1.13	1.80	2.29	0.75
EPS (Diluted)	0.87	0.90	1.13	1.79	2.28	0.75
EPS Growth	-13.79%	-20.16%	-37.16%	-21.51%	203.59%	19.36%
Free Cash Flow	-1.94	3.56	17.98	31.63	16.35	16.16
Free Cash Flow Per Share	-0.10	0.18	0.89	1.58	0.82	0.81
Dividend Per Share	0.354	0.352	0.338	0.281	0.255	0.212
Dividend Growth	4.27%	4.44%	20.32%	10.00%	20.28%	36.77%
Gross Margin	16.73%	16.76%	16.94%	19.59%	23.75%	18.03%
Operating Margin	5.56%	5.78%	7.34%	10.76%	15.09%	7.51%
Profit Margin	4.68%	4.95%	6.18%	8.79%	11.84%	5.99%
Free Cash Flow Margin	-0.51%	0.97%	4.91%	7.75%	4.24%	6.46%
EBITDA	25.12	24.89	30.08	46.89	60.97	21.54
EBITDA Margin	6.67%	6.79%	8.21%	11.48%	15.82%	8.61%
D&A For EBITDA	4.15	3.7	3.18	2.94	2.83	2.74
EBIT	20.97	21.19	26.9	43.95	58.15	18.8
EBIT Margin	5.56%	5.78%	7.34%	10.76%	15.09%	7.51%
Effective Tax Rate	24.96%	25.27%	25.12%	19.30%	21.24%	19.44%

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