Solid State plc (AIM:SOLI)

Solid State Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	125.06	163.3	126.5	85	66.28
Revenue Growth (YoY)	-23.42%	29.09%	48.83%	28.24%	-1.69%
Cost of Revenue	85.74	111.48	86.74	57.3	46.29
Gross Profit	39.33	51.83	39.76	27.7	19.99
Selling, General & Admin	29.9	33.16	26.13	18.8	13.58
Operating Expenses	35.18	38.07	30.29	21.62	15.67
Operating Income	4.15	13.76	9.47	6.08	4.33
Interest Expense	-1.16	-1.5	-0.97	-0.23	-0.09
Other Non Operating Income (Expenses)	0.14	0	-	-	-
EBT Excluding Unusual Items	3.14	12.27	8.5	5.85	4.24
Merger & Restructuring Charges	-0.08	-0.08	-0.39	-0.7	-0.34
Impairment of Goodwill	-2.73	-	-	-	-
Other Unusual Items	-	-	0.33	-1.65	0.3
Pretax Income	0.32	12.19	8.44	3.5	4.2
Income Tax Expense	-0.19	3.28	1.75	0.98	0.25
Earnings From Continuing Operations	0.51	8.91	6.69	2.52	3.95
Net Income to Company	0.51	8.91	6.69	2.52	3.95
Minority Interest in Earnings	-	-0.03	0	-	-
Net Income	0.51	8.87	6.69	2.52	3.95
Net Income to Common	0.51	8.87	6.69	2.52	3.95
Net Income Growth	-94.23%	32.56%	165.28%	-36.18%	15.79%
Shares Outstanding (Basic)	57	57	52	43	43
Shares Outstanding (Diluted)	57	58	53	44	43
Shares Change (YoY)	-0.80%	9.30%	21.50%	0.90%	0.17%
EPS (Basic)	0.01	0.16	0.13	0.06	0.09
EPS (Diluted)	0.01	0.15	0.13	0.06	0.09
EPS Growth	-94.12%	21.24%	118.34%	-36.76%	15.70%
Free Cash Flow	5.55	9.43	7.9	3.87	6.14
Free Cash Flow Per Share	0.10	0.16	0.15	0.09	0.14
Dividend Per Share	0.025	0.043	0.040	0.039	0.032
Dividend Growth	-41.86%	7.50%	2.56%	21.88%	28.00%
Gross Margin	31.45%	31.74%	31.43%	32.58%	30.16%
Operating Margin	3.32%	8.42%	7.49%	7.15%	6.53%
Profit Margin	0.41%	5.43%	5.29%	2.97%	5.96%
Free Cash Flow Margin	4.44%	5.77%	6.25%	4.55%	9.27%
EBITDA	7.47	17.64	12.24	7.84	5.62
EBITDA Margin	5.97%	10.80%	9.67%	9.22%	8.48%
D&A For EBITDA	3.32	3.89	2.76	1.76	1.29
EBIT	4.15	13.76	9.47	6.08	4.33
EBIT Margin	3.32%	8.42%	7.49%	7.15%	6.53%
Effective Tax Rate	-	26.92%	20.70%	27.91%	5.88%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.