FRP Advisory Group Income Statement

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

Millions GBP. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Revenue	161.7	152.2	128.2	104	95.2	78.99
Revenue Growth (YoY)	9.93%	18.72%	23.27%	9.24%	20.53%	25.00%
Cost of Revenue	95.3	87.8	69.6	64.3	58.8	46.57
Gross Profit	66.4	64.4	58.6	39.7	36.4	32.42
Other Operating Expenses	30.3	29	25.3	21.1	18.6	14.03
Operating Expenses	33.7	32.2	28.1	23.6	20.7	15.58
Operating Income	32.7	32.2	30.5	16.1	15.7	16.84
Interest Expense	-0.9	-1.1	-0.8	-0.6	-0.5	-0.23
Interest & Investment Income	0.2	0.2	0.2	0.2	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-0.1	-
EBT Excluding Unusual Items	31.8	31.3	29.9	15.7	15.1	16.6
Other Unusual Items	-	-	-	-0.1	-	-
Pretax Income	31.8	31.3	29.9	15.6	15.1	16.6
Income Tax Expense	8.9	8.8	7.9	2.9	3.2	2.99
Net Income	22.9	22.5	22	12.7	11.9	13.61
Net Income to Common	22.9	22.5	22	12.7	11.9	13.61
Net Income Growth	-12.93%	2.27%	73.23%	6.72%	-12.57%	555.32%
Shares Outstanding (Basic)	248	247	235	228	223	239
Shares Outstanding (Diluted)	253	252	240	239	236	239
Shares Change (YoY)	3.48%	5.18%	0.36%	1.02%	-1.21%	0.80%
EPS (Basic)	0.09	0.09	0.09	0.06	0.05	0.06
EPS (Diluted)	0.09	0.09	0.09	0.05	0.05	0.06
EPS Growth	-15.82%	-2.72%	72.23%	5.76%	-11.36%	550.15%
Free Cash Flow	26.4	29.3	24.7	10.5	16.9	9.65
Free Cash Flow Per Share	0.10	0.12	0.10	0.04	0.07	0.04
Dividend Per Share	0.055	0.054	0.050	0.046	0.043	0.041
Dividend Growth	7.84%	8.00%	8.70%	6.98%	4.88%	521.21%
Gross Margin	41.06%	42.31%	45.71%	38.17%	38.23%	41.04%
Operating Margin	20.22%	21.16%	23.79%	15.48%	16.49%	21.32%
Profit Margin	14.16%	14.78%	17.16%	12.21%	12.50%	17.23%
Free Cash Flow Margin	16.33%	19.25%	19.27%	10.10%	17.75%	12.22%
EBITDA	34	33.3	31.5	17	16.5	17.55
EBITDA Margin	21.03%	21.88%	24.57%	16.35%	17.33%	22.22%
D&A For EBITDA	1.3	1.1	1	0.9	0.8	0.72
EBIT	32.7	32.2	30.5	16.1	15.7	16.84
EBIT Margin	20.22%	21.16%	23.79%	15.48%	16.49%	21.32%
Effective Tax Rate	27.99%	28.12%	26.42%	18.59%	21.19%	18.03%

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