NWF Group Income Statement

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

Millions GBP. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Revenue	883.4	903.1	950.6	1,054	878.6	675.6
Revenue Growth (YoY)	-5.21%	-5.00%	-9.80%	19.95%	30.05%	-1.73%
Cost of Revenue	835.1	852.8	903.4	999.8	823.3	637.7
Gross Profit	48.3	50.3	47.2	54.1	55.3	37.9
Selling, General & Admin	21.9	21.9	14.6	16.5	18.6	24.8
Amortization of Goodwill & Intangibles	0.3	-	-	-	0.5	0.7
Operating Expenses	40.9	40.6	33.7	33.5	34.1	25.6
Operating Income	7.4	9.7	13.5	20.6	21.2	12.3
Interest Expense	-3.9	-3.2	-1.7	-1.4	-0.9	-1
Interest & Investment Income	0.2	0.1	-	-	-	-
Other Non Operating Income (Expenses)	-0.2	-0.2	-0.4	-0.3	-	-
EBT Excluding Unusual Items	3.5	6.4	11.4	18.9	20.3	11.3
Merger & Restructuring Charges	-0.1	-	-	-	-	-0.2
Impairment of Goodwill	-	-	-	-	-7.5	-
Asset Writedown	-	-	-	-	-0.9	-
Other Unusual Items	3.5	2.9	0.8	-	-	-0.7
Pretax Income	8.1	9.3	12.2	18.9	12	10.8
Income Tax Expense	2.8	3.1	3.1	4	3.6	3
Net Income	5.3	6.2	9.1	14.9	8.4	7.8
Net Income to Common	5.3	6.2	9.1	14.9	8.4	7.8
Net Income Growth	-33.75%	-31.87%	-38.93%	77.38%	7.69%	-12.36%
Shares Outstanding (Basic)	50	49	49	49	49	49
Shares Outstanding (Diluted)	50	50	49	50	49	49
Shares Change (YoY)	1.13%	0.96%	-0.23%	0.29%	0.56%	-0.19%
EPS (Basic)	0.11	0.13	0.18	0.30	0.17	0.16
EPS (Diluted)	0.11	0.12	0.18	0.30	0.17	0.16
EPS Growth	-34.76%	-33.15%	-38.87%	77.06%	6.92%	-12.16%
Free Cash Flow	20.5	19.9	10.6	29.4	26.7	18.1
Free Cash Flow Per Share	0.41	0.40	0.21	0.59	0.54	0.37
Dividend Per Share	0.084	0.084	0.081	0.078	0.075	0.072
Dividend Growth	3.70%	3.70%	3.85%	4.00%	4.17%	4.35%
Gross Margin	5.47%	5.57%	4.96%	5.13%	6.29%	5.61%
Operating Margin	0.84%	1.07%	1.42%	1.96%	2.41%	1.82%
Profit Margin	0.60%	0.69%	0.96%	1.41%	0.96%	1.16%
Free Cash Flow Margin	2.32%	2.20%	1.11%	2.79%	3.04%	2.68%
EBITDA	14.5	16.3	19.4	25.8	26.1	17.1
EBITDA Margin	1.64%	1.80%	2.04%	2.45%	2.97%	2.53%
D&A For EBITDA	7.1	6.6	5.9	5.2	4.9	4.8
EBIT	7.4	9.7	13.5	20.6	21.2	12.3
EBIT Margin	0.84%	1.07%	1.42%	1.96%	2.41%	1.82%
Effective Tax Rate	34.57%	33.33%	25.41%	21.16%	30.00%	27.78%

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