Polar Capital Holdings Plc (AIM: POLR)

Polar Capital Holdings Income Statement

Financials in millions GBP. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	195.07	195.07	182.88	224.11	201.51	151.71
Other Revenue	2.19	2.19	5.23	-0.79	6.44	2.56
Revenue	197.25	197.25	188.11	223.32	207.95	154.27
Revenue Growth (YoY)	4.86%	4.86%	-15.77%	7.39%	34.79%	-13.82%
Cost of Revenue	22.66	22.66	21.38	22.64	15.39	11.3
Gross Profit	174.59	174.59	166.72	200.67	192.56	142.97
Selling, General & Admin	116.39	116.39	110.41	128.13	95.34	69.96
Other Operating Expenses	-	-	-	-	18.97	19.24
Operating Expenses	120.03	120.03	113.74	131.4	115.71	90.56
Operating Income	54.57	54.57	52.99	69.27	76.85	52.41
Interest Expense	-0.21	-0.21	-0.18	-	-	-
Currency Exchange Gain (Loss)	0.33	0.33	-2.65	-1.4	1.86	-1.53
EBT Excluding Unusual Items	54.69	54.69	50.16	67.88	78.72	50.88
Merger & Restructuring Charges	-	-	-	-2.9	-1.91	-
Asset Writedown	-	-	-	-6	-0.42	-
Other Unusual Items	-	-	-4.96	3.11	-0.47	-
Pretax Income	54.69	54.69	45.2	62.09	75.92	50.88
Income Tax Expense	13.9	13.9	9.59	13.17	13.2	10.7
Net Income	40.79	40.79	35.61	48.92	62.72	40.19
Net Income to Common	40.79	40.79	35.61	48.92	62.72	40.19
Net Income Growth	14.55%	14.55%	-27.21%	-21.99%	56.07%	-23.29%
Shares Outstanding (Basic)	96	96	97	96	93	92
Shares Outstanding (Diluted)	98	98	99	100	98	97
Shares Change (YoY)	-0.97%	-0.97%	-1.83%	2.60%	0.67%	-0.38%
EPS (Basic)	0.42	0.42	0.37	0.51	0.67	0.44
EPS (Diluted)	0.42	0.42	0.36	0.49	0.64	0.41
EPS Growth	15.79%	15.79%	-25.87%	-23.91%	54.96%	-22.95%
Free Cash Flow	41.59	41.59	44.41	72.87	76.71	42.03
Free Cash Flow Per Share	0.43	0.43	0.45	0.73	0.78	0.43
Dividend Per Share	0.460	0.460	0.460	0.460	0.400	0.330
Dividend Growth	0%	0%	0%	15.00%	21.21%	0%
Gross Margin	88.51%	88.51%	88.63%	89.86%	92.60%	92.68%
Operating Margin	27.66%	27.66%	28.17%	31.02%	36.96%	33.97%
Profit Margin	20.68%	20.68%	18.93%	21.91%	30.16%	26.05%
Free Cash Flow Margin	21.09%	21.09%	23.61%	32.63%	36.89%	27.25%
EBITDA	56.18	56.18	54.55	71.43	77.14	52.66
EBITDA Margin	28.48%	28.48%	29.00%	31.99%	37.10%	34.14%
D&A For EBITDA	1.61	1.61	1.56	2.16	0.29	0.25
EBIT	54.57	54.57	52.99	69.27	76.85	52.41
EBIT Margin	27.66%	27.66%	28.17%	31.02%	36.96%	33.97%
Effective Tax Rate	25.41%	25.41%	21.22%	21.20%	17.38%	21.02%
Revenue as Reported	197.59	197.59	185.46	225.67	209.81	152.74

Source: S&P Capital IQ. Standard template. Financial Sources.