Frontier Income Statement

Financials in millions JPY. Fiscal year is December - November.

Millions JPY. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Revenue	1,686	1,634	2,161	1,917	1,676
Revenue Growth (YoY)	3.18%	-24.39%	12.73%	14.38%	13.24%
Cost of Revenue	966	1,018	1,450	1,352	1,118
Gross Profit	720	616	711	565	558
Selling, General & Admin	597	593	598	505	472
Operating Expenses	597	593	598	505	472
Operating Income	123	23	113	60	86
Interest Expense	-5	-7	-14	-10	-6
Interest & Investment Income	-	1	-	-	-
Currency Exchange Gain (Loss)	-2	10	3	-9	-
Other Non Operating Income (Expenses)	2	3	-	3	1
EBT Excluding Unusual Items	118	30	102	44	81
Gain (Loss) on Sale of Assets	3	2	4	-	-
Pretax Income	121	32	106	44	81
Income Tax Expense	40	5	25	5	16
Net Income	81	27	81	39	65
Net Income to Common	81	27	81	39	65
Net Income Growth	200.00%	-66.67%	107.69%	-40.00%	6.56%
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	-	-	0.01%	9.46%	0.72%
EPS (Basic)	58.31	19.44	58.31	28.08	51.22
EPS (Diluted)	58.31	19.44	58.31	28.08	51.22
EPS Growth	200.00%	-66.67%	107.67%	-45.18%	5.80%
Free Cash Flow	144	137	19	-96	-39
Free Cash Flow Per Share	103.66	98.62	13.68	-69.11	-30.73
Dividend Per Share	17.500	5.000	12.500	7.500	7.500
Dividend Growth	250.00%	-60.00%	66.67%	-	-
Gross Margin	42.70%	37.70%	32.90%	29.47%	33.29%
Operating Margin	7.29%	1.41%	5.23%	3.13%	5.13%
Profit Margin	4.80%	1.65%	3.75%	2.03%	3.88%
Free Cash Flow Margin	8.54%	8.38%	0.88%	-5.01%	-2.33%
EBITDA	140	42	128	64	90
EBITDA Margin	8.30%	2.57%	5.92%	3.34%	5.37%
D&A For EBITDA	17	19	15	4	4
EBIT	123	23	113	60	86
EBIT Margin	7.29%	1.41%	5.23%	3.13%	5.13%
Effective Tax Rate	33.06%	15.63%	23.59%	11.36%	19.75%

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