System1 Group Income Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 24, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	23.82	37.43	30.02	23.41	24.1	22.84
Revenue Growth (YoY)	-32.04%	24.67%	28.23%	-2.85%	5.51%	-10.35%
Cost of Revenue	2.57	4.57	3.9	3.69	3.9	3.69
Gross Profit	21.25	32.86	26.12	19.72	20.2	19.15
Selling, General & Admin	21	27.98	23.43	18.93	19.62	16.49
Amortization of Goodwill & Intangibles	-	-	-	-	-	0.1
Other Operating Expenses	-0.12	-0.38	-0.41	-0.05	-0.29	-0.65
Operating Expenses	21.29	27.59	23.02	18.88	19.33	15.93
Operating Income	-0.04	5.27	3.1	0.84	0.87	3.22
Interest Expense	-0.01	-0.03	-0.04	-0.14	-0.16	-0.21
Interest & Investment Income	5.03	0.06	0.04	0.02	-	-
EBT Excluding Unusual Items	4.98	5.3	3.11	0.72	0.71	3.01
Asset Writedown	-	-	-	-	0.24	-0.94
Pretax Income	4.98	5.3	3.11	0.72	0.95	2.08
Income Tax Expense	0.03	0.83	1.08	0.32	-0.01	0.39
Net Income	4.95	4.47	2.03	0.4	0.96	1.69
Net Income to Common	4.95	4.47	2.03	0.4	0.96	1.69
Net Income Growth	56.29%	120.02%	403.22%	-57.70%	-43.49%	-
Shares Outstanding (Basic)	13	13	13	13	13	13
Shares Outstanding (Diluted)	13	13	13	13	13	13
Shares Change (YoY)	-0.10%	0.22%	-0.18%	-1.28%	0.19%	2.13%
EPS (Basic)	0.39	0.35	0.16	0.03	0.07	0.13
EPS (Diluted)	0.39	0.35	0.16	0.03	0.07	0.13
EPS Growth	56.48%	120.00%	402.91%	-57.01%	-43.51%	-
Free Cash Flow	-	5.39	5.83	-0.66	3.96	4.07
Free Cash Flow Per Share	-	0.42	0.46	-0.05	0.31	0.32
Dividend Per Share	0.055	0.055	0.050	-	-	-
Dividend Growth	10.00%	10.00%	-	-	-	-
Gross Margin	89.22%	87.80%	87.02%	84.23%	83.82%	83.86%
Operating Margin	-0.18%	14.07%	10.33%	3.58%	3.61%	14.12%
Profit Margin	20.76%	11.95%	6.77%	1.73%	3.96%	7.40%
Free Cash Flow Margin	-	14.39%	19.43%	-2.81%	16.42%	17.81%
EBITDA	0.67	5.77	3.75	0.92	0.96	3.34
EBITDA Margin	2.81%	15.41%	12.48%	3.92%	3.97%	14.60%
D&A For EBITDA	0.71	0.5	0.65	0.08	0.09	0.11
EBIT	-0.04	5.27	3.1	0.84	0.87	3.22
EBIT Margin	-0.18%	14.07%	10.33%	3.58%	3.61%	14.12%
Effective Tax Rate	0.68%	15.65%	34.61%	43.81%	-	18.59%

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