Associated British Foods Income Statement

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

Millions GBP. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 13, 2025	Sep '24 Sep 14, 2024	Sep '23 Sep 16, 2023	Sep '22 Sep 17, 2022	Sep '21 Sep 18, 2021
Revenue	19,459	20,073	19,750	16,997	13,884
Revenue Growth (YoY)	-3.06%	1.64%	16.20%	22.42%	-0.38%
Cost of Revenue	17,881	18,237	18,407	13,219	10,753
Gross Profit	1,578	1,836	1,343	3,778	3,131
Selling, General & Admin	-67	-73	-60	2,501	2,256
Operating Expenses	-67	-73	-60	2,501	2,256
Operating Income	1,645	1,909	1,403	1,277	875
Interest Expense	-132	-135	-128	-111	-111
Interest & Investment Income	47	71	48	19	9
Earnings From Equity Investments	103	117	124	109	79
Currency Exchange Gain (Loss)	-20	-50	-20	4	-
EBT Excluding Unusual Items	1,643	1,912	1,427	1,298	852
Merger & Restructuring Charges	-64	-2	-3	-	-
Gain (Loss) on Sale of Assets	-41	42	25	-16	24
Asset Writedown	-125	-35	-109	-206	-142
Other Unusual Items	-	-	-	-	-9
Pretax Income	1,413	1,917	1,340	1,076	725
Income Tax Expense	368	437	272	356	227
Earnings From Continuing Operations	1,045	1,480	1,068	720	498
Minority Interest in Earnings	-20	-25	-24	-20	-20
Net Income	1,025	1,455	1,044	700	478
Net Income to Common	1,025	1,455	1,044	700	478
Net Income Growth	-29.55%	39.37%	49.14%	46.44%	5.05%
Shares Outstanding (Basic)	724	751	778	789	790
Shares Outstanding (Diluted)	724	751	778	789	790
Shares Change (YoY)	-3.60%	-3.47%	-1.39%	-0.13%	-
EPS (Basic)	1.42	1.94	1.34	0.89	0.61
EPS (Diluted)	1.42	1.94	1.34	0.89	0.60
EPS Growth	-26.91%	44.35%	51.46%	46.45%	5.04%
Free Cash Flow	1,132	1,750	657	473	862
Free Cash Flow Per Share	1.56	2.33	0.84	0.60	1.09
Dividend Per Share	0.630	0.630	0.473	0.437	0.267
Dividend Growth	-	33.19%	8.24%	63.67%	-
Gross Margin	8.11%	9.15%	6.80%	22.23%	22.55%
Operating Margin	8.45%	9.51%	7.10%	7.51%	6.30%
Profit Margin	5.27%	7.25%	5.29%	4.12%	3.44%
Free Cash Flow Margin	5.82%	8.72%	3.33%	2.78%	6.21%
EBITDA	2,328	2,564	2,016	1,866	1,484
EBITDA Margin	11.96%	12.77%	10.21%	10.98%	10.69%
D&A For EBITDA	683	655	613	589	609
EBIT	1,645	1,909	1,403	1,277	875
EBIT Margin	8.45%	9.51%	7.10%	7.51%	6.30%
Effective Tax Rate	26.04%	22.80%	20.30%	33.09%	31.31%

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