Argan Income Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Revenue	915.03	874.18	573.33	455.04	509.37	392.21
Revenue Growth (YoY)	13.49%	52.47%	26.00%	-10.67%	29.87%	64.11%
Cost of Revenue	740.84	734.69	494.1	371.08	411.74	332.04
Gross Profit	174.19	139.49	79.23	83.96	97.63	60.17
Selling, General & Admin	52.6	49.39	40.78	39.29	41.82	33.44
Operating Expenses	54.5	51.29	42.78	42.29	45.22	37.14
Operating Income	119.7	88.2	36.46	41.67	52.41	23.03
Interest & Investment Income	22.4	21.2	14.1	3.4	3	-
Earnings From Equity Investments	-0.15	-0.15	-0.13	1.11	-0.4	-
Other Non Operating Income (Expenses)	1.8	1.96	1.51	-0.18	-0.05	1.86
EBT Excluding Unusual Items	143.75	111.2	51.93	46	54.96	24.89
Impairment of Goodwill	-	-	-	-	-7.9	-
Other Unusual Items	-	-	-3	-	-	-
Pretax Income	143.75	111.2	48.93	46	47.06	24.89
Income Tax Expense	23.82	25.75	16.58	11.3	11.36	1.07
Earnings From Continuing Operations	119.93	85.46	32.36	34.7	35.71	23.81
Minority Interest in Earnings	-	-	-	-1.61	2.54	0.04
Net Income	119.93	85.46	32.36	33.1	38.24	23.85
Net Income to Common	119.93	85.46	32.36	33.1	38.24	23.85
Net Income Growth	81.42%	164.10%	-2.24%	-13.46%	60.35%	-
Shares Outstanding (Basic)	14	13	13	14	16	16
Shares Outstanding (Diluted)	14	14	14	14	16	16
Shares Change (YoY)	2.73%	2.64%	-4.43%	-10.92%	0.56%	1.31%
EPS (Basic)	8.76	6.35	2.42	2.35	2.43	1.52
EPS (Diluted)	8.49	6.15	2.39	2.33	2.40	1.51
EPS Growth	76.74%	157.32%	2.57%	-2.92%	58.94%	-
Free Cash Flow	282.98	161	114.1	-33.43	26.99	174.32
Free Cash Flow Per Share	20.02	11.58	8.42	-2.36	1.70	11.02
Dividend Per Share	1.625	1.350	1.100	1.000	1.000	1.000
Dividend Growth	27.45%	22.73%	10.00%	-	-	-
Gross Margin	19.04%	15.96%	13.82%	18.45%	19.17%	15.34%
Operating Margin	13.08%	10.09%	6.36%	9.16%	10.29%	5.87%
Profit Margin	13.11%	9.78%	5.64%	7.27%	7.51%	6.08%
Free Cash Flow Margin	30.93%	18.42%	19.90%	-7.35%	5.30%	44.45%
EBITDA	122.03	90.49	38.86	45.35	56.65	27.65
EBITDA Margin	13.34%	10.35%	6.78%	9.97%	11.12%	7.05%
D&A For EBITDA	2.33	2.3	2.41	3.68	4.24	4.62
EBIT	119.7	88.2	36.46	41.67	52.41	23.03
EBIT Margin	13.08%	10.09%	6.36%	9.16%	10.29%	5.87%
Effective Tax Rate	16.57%	23.15%	33.87%	24.56%	24.13%	4.32%

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