Marston's 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 27, 2025	Sep '24 Sep 28, 2024	Sep '23 Sep 30, 2023	Oct '22 Oct 1, 2022	Oct '21 Oct 2, 2021
Revenue	897.9	898.6	872.3	799.6	401.7
Revenue Growth (YoY)	-0.08%	3.02%	9.09%	99.05%	-22.08%
Cost of Revenue	414.3	432.5	436.6	420	286.6
Gross Profit	483.6	466.1	435.7	379.6	115.1
Amortization of Goodwill & Intangibles	4.9	5.3	5	4.4	3.8
Other Operating Expenses	281.8	275	269.1	221.3	133.8
Operating Expenses	327	320.3	314.6	265.5	176.5
Operating Income	156.6	145.8	121.1	114.1	-61.4
Interest Expense	-93.6	-138.7	-122	17.3	-85
Interest & Investment Income	2.2	1.4	1.2	1.4	0.9
Earnings From Equity Investments	-	-	-	3.3	-14.5
EBT Excluding Unusual Items	65.2	8.5	0.3	136.1	-160
Asset Writedown	23.1	5.9	-30.9	21.6	-83.5
Other Unusual Items	-	-	-	5.7	72.4
Pretax Income	88.3	14.4	-30.6	163.4	-171.1
Income Tax Expense	16.7	-3.1	-11.4	26.2	-42.8
Earnings From Continuing Operations	71.6	17.5	-19.2	137.2	-128.3
Earnings From Discontinued Operations	-	-36	9.9	-	291.1
Net Income	71.6	-18.5	-9.3	137.2	162.8
Net Income to Common	71.6	-18.5	-9.3	137.2	162.8
Net Income Growth	-	-	-	-15.72%	-
Shares Outstanding (Basic)	633	634	633	633	633
Shares Outstanding (Diluted)	645	657	633	643	633
Shares Change (YoY)	-1.74%	3.66%	-1.43%	1.53%	0.02%
EPS (Basic)	0.11	-0.03	-0.01	0.22	0.26
EPS (Diluted)	0.11	-0.03	-0.01	0.21	0.26
EPS Growth	-	-	-	-16.74%	-
Free Cash Flow	138	161.2	75.9	63.9	-11.9
Free Cash Flow Per Share	0.21	0.25	0.12	0.10	-0.02
Gross Margin	53.86%	51.87%	49.95%	47.47%	28.65%
Operating Margin	17.44%	16.23%	13.88%	14.27%	-15.29%
Profit Margin	7.97%	-2.06%	-1.07%	17.16%	40.53%
Free Cash Flow Margin	15.37%	17.94%	8.70%	7.99%	-2.96%
EBITDA	185.4	174.3	149.8	141.6	-34.2
EBITDA Margin	20.65%	19.40%	17.17%	17.71%	-8.51%
D&A For EBITDA	28.8	28.5	28.7	27.5	27.2
EBIT	156.6	145.8	121.1	114.1	-61.4
EBIT Margin	17.44%	16.23%	13.88%	14.27%	-15.29%
Effective Tax Rate	18.91%	-	-	16.03%	-

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