Surface Transforms Income Statement

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	11.71	8.24	7.31	4.05	2.37	1.95	Upgrade
Revenue Growth (YoY)	29.72%	12.73%	80.77%	70.75%	21.36%	-21.52%	Upgrade
Cost of Revenue	5.03	4.14	3.14	1.45	0.82	0.64	Upgrade
Gross Profit	6.68	4.11	4.18	2.6	1.55	1.31	Upgrade
Selling, General & Admin	6.44	6.05	5.44	3.37	2.43	1.89	Upgrade
Research & Development	15.4	15.44	9.68	5.63	3.41	2.47	Upgrade
Other Operating Expenses	-0.52	-0.52	-0.02	-0.04	-0.02	-	Upgrade
Operating Expenses	21.32	20.97	15.1	8.95	5.81	4.36	Upgrade
Operating Income	-14.64	-16.87	-10.92	-6.36	-4.27	-3.05	Upgrade
Interest Expense	-0.94	-0.68	-0.18	-0.18	-0.13	-0.11	Upgrade
Interest & Investment Income	0.16	0.15	0.01	0.01	-	-	Upgrade
Other Non Operating Income (Expenses)	-	-	-	-	-	0	Upgrade
EBT Excluding Unusual Items	-15.43	-17.4	-11.1	-6.53	-4.4	-3.16	Upgrade
Merger & Restructuring Charges	-	-	-0.39	-	-	-	Upgrade
Asset Writedown	-6.49	-6.49	-9.24	-	-	-	Upgrade
Other Unusual Items	-	-	-	-	-0.18	0.24	Upgrade
Pretax Income	-21.92	-23.89	-20.72	-6.53	-4.58	-2.92	Upgrade
Income Tax Expense	-1.52	-1.54	-1.16	-1.26	-0.63	-0.61	Upgrade
Net Income	-20.4	-22.35	-19.56	-5.27	-3.95	-2.3	Upgrade
Net Income to Common	-20.4	-22.35	-19.56	-5.27	-3.95	-2.3	Upgrade
Shares Outstanding (Basic)	1,344	969	247	204	190	149	Upgrade
Shares Outstanding (Diluted)	1,344	969	247	204	190	149	Upgrade
Shares Change (YoY)	234.10%	292.04%	20.90%	7.43%	27.65%	9.54%	Upgrade
EPS (Basic)	-0.02	-0.02	-0.08	-0.03	-0.02	-0.02	Upgrade
EPS (Diluted)	-0.02	-0.02	-0.08	-0.03	-0.02	-0.02	Upgrade
Free Cash Flow	-7.62	-18.29	-15.03	-14.74	-7.68	-1.66	Upgrade
Free Cash Flow Per Share	-0.01	-0.02	-0.06	-0.07	-0.04	-0.01	Upgrade
Gross Margin	57.02%	49.81%	57.10%	64.20%	65.34%	67.11%	Upgrade
Operating Margin	-125.05%	-204.63%	-149.40%	-157.16%	-180.03%	-156.04%	Upgrade
Profit Margin	-174.20%	-271.13%	-267.49%	-130.21%	-166.82%	-117.88%	Upgrade
Free Cash Flow Margin	-65.09%	-221.82%	-205.55%	-364.35%	-323.98%	-84.78%	Upgrade
EBITDA	-12.88	-14.96	-9.92	-5.66	-3.8	-2.71	Upgrade
EBITDA Margin	-110.02%	-181.50%	-135.72%	-139.93%	-160.32%	-138.68%	Upgrade
D&A For EBITDA	1.76	1.91	1	0.7	0.47	0.34	Upgrade
EBIT	-14.64	-16.87	-10.92	-6.36	-4.27	-3.05	Upgrade
EBIT Margin	-125.05%	-204.63%	-149.40%	-157.16%	-180.03%	-156.04%	Upgrade

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