Midwich Group 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	1,292	1,317	1,295	1,204	855.97
Revenue Growth (YoY)	-1.92%	1.69%	7.56%	40.66%	20.26%
Cost of Revenue	1,064	1,083	1,069	1,020	724.71
Gross Profit	228.01	234.33	226.14	183.71	131.26
Selling, General & Admin	213.23	217.57	190.08	154.2	114.97
Other Operating Expenses	-8.65	-8.5	-7.02	-5.97	-5.18
Operating Expenses	204.57	209.07	183.07	148.23	109.8
Operating Income	23.44	25.26	43.07	35.49	21.47
Interest Expense	-14.11	-11.34	-9.85	-10.69	-4.17
Interest & Investment Income	1.03	0.81	0.29	0.1	0.11
Earnings From Equity Investments	-	0.08	0.02	-	-
Currency Exchange Gain (Loss)	-1.16	2.03	0.5	-2.43	0.74
Other Non Operating Income (Expenses)	-1.4	6.59	3.99	2.89	1.24
EBT Excluding Unusual Items	7.81	23.44	38.04	25.35	19.38
Merger & Restructuring Charges	-13.04	-1.12	-1.49	-0.44	-0.49
Gain (Loss) on Sale of Investments	-0.02	-	-	-	-
Asset Writedown	-27.04	-	-	-	-
Pretax Income	-30.51	22.31	36.55	24.92	18.9
Income Tax Expense	-7.93	5.35	7.62	8.06	5.42
Earnings From Continuing Operations	-22.58	16.96	28.93	16.86	13.47
Minority Interest in Earnings	-	-0.93	-2.11	-1.56	-1.04
Net Income	-22.58	16.03	26.82	15.29	12.43
Net Income to Common	-22.58	16.03	26.82	15.29	12.43
Net Income Growth	-	-40.22%	75.36%	23.04%	-
Shares Outstanding (Basic)	103	102	96	88	88
Shares Outstanding (Diluted)	103	106	99	91	90
Shares Change (YoY)	-2.44%	6.58%	8.45%	1.17%	3.93%
EPS (Basic)	-0.22	0.16	0.28	0.17	0.14
EPS (Diluted)	-0.22	0.15	0.27	0.17	0.14
EPS Growth	-	-43.90%	61.65%	21.66%	-
Free Cash Flow	50.27	29.87	58.19	20.86	7.94
Free Cash Flow Per Share	0.49	0.28	0.59	0.23	0.09
Dividend Per Share	0.052	0.130	0.165	0.150	0.111
Dividend Growth	-59.61%	-21.21%	10.00%	35.13%	-
Gross Margin	17.65%	17.79%	17.46%	15.26%	15.33%
Operating Margin	1.81%	1.92%	3.33%	2.95%	2.51%
Profit Margin	-1.75%	1.22%	2.07%	1.27%	1.45%
Free Cash Flow Margin	3.89%	2.27%	4.49%	1.73%	0.93%
EBITDA	48.98	43.56	59.48	48.38	31.54
EBITDA Margin	3.79%	3.31%	4.59%	4.02%	3.68%
D&A For EBITDA	25.54	18.3	16.4	12.89	10.07
EBIT	23.44	25.26	43.07	35.49	21.47
EBIT Margin	1.81%	1.92%	3.33%	2.95%	2.51%
Effective Tax Rate	-	23.97%	20.85%	32.35%	28.69%

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