Velocity Composites Income Statement

Financials in millions GBP. Fiscal year is November - October.

Millions GBP. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Revenue	20.7	23.01	16.41	11.96	9.77
Revenue Growth (YoY)	-10.02%	40.19%	37.23%	22.44%	-27.98%
Cost of Revenue	14.6	17.05	13.33	9.21	7.23
Gross Profit	6.11	5.96	3.09	2.75	2.54
Selling, General & Admin	6.97	6.98	5.78	4.06	3.9
Other Operating Expenses	-0.15	-0.09	-	-	-
Operating Expenses	6.82	6.89	5.78	4.06	3.9
Operating Income	-0.72	-0.93	-2.7	-1.32	-1.36
Interest Expense	-0.34	-0.41	-0.33	-0.19	-0.18
EBT Excluding Unusual Items	-1.06	-1.34	-3.02	-1.5	-1.55
Other Unusual Items	-	-	-0.12	-	-
Pretax Income	-1.06	-1.34	-3.14	-1.5	-1.55
Income Tax Expense	0.03	-0.5	-	-0.17	-0.34
Net Income	-1.08	-0.85	-3.14	-1.34	-1.21
Net Income to Common	-1.08	-0.85	-3.14	-1.34	-1.21
Shares Outstanding (Basic)	54	53	38	38	36
Shares Outstanding (Diluted)	54	53	38	38	36
Shares Change (YoY)	1.32%	39.17%	-0.19%	6.10%	0.77%
EPS (Basic)	-0.02	-0.02	-0.08	-0.03	-0.03
EPS (Diluted)	-0.02	-0.02	-0.08	-0.04	-0.03
Free Cash Flow	0.66	0.16	-3.13	0.02	0.26
Free Cash Flow Per Share	0.01	0.00	-0.08	-	0.01
Gross Margin	29.50%	25.91%	18.80%	22.96%	26.00%
Operating Margin	-3.47%	-4.05%	-16.43%	-11.01%	-13.96%
Profit Margin	-5.24%	-3.67%	-19.15%	-11.18%	-12.35%
Free Cash Flow Margin	3.17%	0.69%	-19.04%	0.15%	2.67%
EBITDA	-0.34	-0.55	-2.4	-1.11	-1.14
EBITDA Margin	-1.63%	-2.39%	-14.62%	-9.26%	-11.62%
D&A For EBITDA	0.38	0.38	0.3	0.21	0.23
EBIT	-0.72	-0.93	-2.7	-1.32	-1.36
EBIT Margin	-3.47%	-4.05%	-16.43%	-11.01%	-13.96%