Tandem 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	26.15	24.62	22.24	26.68	40.92
Revenue Growth (YoY)	6.23%	10.69%	-16.64%	-34.79%	10.42%
Cost of Revenue	18.02	17.25	16.24	18.89	28.87
Gross Profit	8.13	7.37	6	7.8	12.05
Selling, General & Admin	7.16	3.61	3.64	3.77	4.18
Amortization of Goodwill & Intangibles	-	0.03	0.04	0.02	0.03
Other Operating Expenses	-	2.43	2.9	2.66	2.8
Operating Expenses	7.16	6.36	6.85	6.59	7.24
Operating Income	0.97	1.01	-0.85	1.2	4.81
Interest Expense	-0.31	-0.37	-0.32	-0.15	-0.08
Interest & Investment Income	-	0.07	0.07	0.01	-
EBT Excluding Unusual Items	0.66	0.71	-1.1	1.06	4.73
Gain (Loss) on Sale of Assets	-	-0.27	0.01	0.01	-
Other Unusual Items	-0.09	-0.41	-0.1	-0.22	-
Pretax Income	0.57	0.03	-1.2	0.85	4.73
Income Tax Expense	-0.28	0.09	0.04	0.18	0.91
Net Income	0.85	-0.06	-1.24	0.67	3.83
Net Income to Common	0.85	-0.06	-1.24	0.67	3.83
Net Income Growth	-	-	-	-82.38%	10.64%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	6	5	5	5	5
Shares Change (YoY)	0.63%	0.30%	-0.09%	0.37%	2.08%
EPS (Basic)	0.15	-0.01	-0.23	0.13	0.74
EPS (Diluted)	0.15	-0.01	-0.23	0.12	0.70
EPS Growth	-	-	-	-82.45%	8.35%
Free Cash Flow	2.41	-0.77	-1.6	-3.65	-1.2
Free Cash Flow Per Share	0.44	-0.14	-0.29	-0.67	-0.22
Dividend Per Share	0.030	-	-	0.100	0.100
Dividend Growth	-	-	-	-	16.01%
Gross Margin	31.09%	29.92%	26.98%	29.22%	29.45%
Operating Margin	3.70%	4.10%	-3.80%	4.51%	11.76%
Profit Margin	3.25%	-0.24%	-5.56%	2.53%	9.35%
Free Cash Flow Margin	9.22%	-3.11%	-7.19%	-13.68%	-2.92%
EBITDA	1.31	1.32	-0.55	1.33	4.95
EBITDA Margin	4.99%	5.34%	-2.49%	4.99%	12.08%
D&A For EBITDA	0.34	0.31	0.29	0.13	0.13
EBIT	0.97	1.01	-0.85	1.2	4.81
EBIT Margin	3.70%	4.10%	-3.80%	4.51%	11.76%
Effective Tax Rate	-	300.00%	-	20.89%	19.15%

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