Cochlear Income Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	2,343	2,236	1,936	1,648	1,498
Revenue Growth (YoY)	4.81%	15.47%	17.46%	10.06%	13.40%
Cost of Revenue	615.2	562.1	488	411	410.2
Gross Profit	1,728	1,674	1,448	1,237	1,087
Selling, General & Admin	939.9	897.6	810.4	657.7	560.2
Research & Development	291.5	277	244.9	210.7	195
Other Operating Expenses	-26.4	-10.7	-13.5	-12	-8.3
Operating Expenses	1,205	1,164	1,042	856.4	746.9
Operating Income	522.9	509.6	406.3	380.9	340.5
Interest Expense	-11	-9.2	-9.4	-8.6	-12
Interest & Investment Income	11.7	19	16.5	2.4	3.6
Earnings From Equity Investments	-0.9	-0.6	-0.2	-	-1.7
Currency Exchange Gain (Loss)	-1.6	-4.8	-10.2	0.1	-15.8
EBT Excluding Unusual Items	521.1	514	403	374.8	314.6
Merger & Restructuring Charges	-	-28.2	-	-	-
Gain (Loss) on Sale of Investments	-2.6	-1.3	-6.4	17.3	52
Legal Settlements	-	-	-	-	-6.4
Other Unusual Items	-	0.3	-	1.7	1.6
Pretax Income	518.5	484.8	396.6	393.8	361.8
Income Tax Expense	129.6	128	96	104.7	38
Net Income	388.9	356.8	300.6	289.1	323.8
Net Income to Common	388.9	356.8	300.6	289.1	323.8
Net Income Growth	9.00%	18.70%	3.98%	-10.72%	-
Shares Outstanding (Basic)	65	66	66	66	66
Shares Outstanding (Diluted)	66	66	66	66	66
Shares Change (YoY)	-0.17%	-0.27%	0.19%	0.06%	10.23%
EPS (Basic)	5.94	5.44	4.57	4.40	4.93
EPS (Diluted)	5.93	5.43	4.56	4.40	4.93
EPS Growth	9.17%	19.05%	3.76%	-10.77%	-
Free Cash Flow	175.2	326.4	312.4	332	224.2
Free Cash Flow Per Share	2.67	4.97	4.74	5.05	3.41
Dividend Per Share	4.300	4.100	3.300	3.000	2.550
Dividend Growth	4.88%	24.24%	10.00%	17.65%	59.38%
Gross Margin	73.74%	74.86%	74.80%	75.06%	72.61%
Operating Margin	22.32%	22.80%	20.98%	23.11%	22.74%
Profit Margin	16.60%	15.96%	15.53%	17.54%	21.62%
Free Cash Flow Margin	7.48%	14.60%	16.14%	20.14%	14.97%
EBITDA	573.7	554.4	447.9	417.5	409.3
EBITDA Margin	24.48%	24.80%	23.13%	25.33%	27.33%
D&A For EBITDA	50.8	44.8	41.6	36.6	68.8
EBIT	522.9	509.6	406.3	380.9	340.5
EBIT Margin	22.32%	22.80%	20.98%	23.11%	22.74%
Effective Tax Rate	25.00%	26.40%	24.21%	26.59%	10.50%

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