Surface Transforms Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	11.71	8.24	7.31	4.05	2.37	1.95
Revenue Growth (YoY)	29.72%	12.73%	80.77%	70.75%	21.36%	-21.52%
Cost of Revenue	5.03	4.14	3.14	1.45	0.82	0.64
Gross Profit	6.68	4.11	4.18	2.6	1.55	1.31
Selling, General & Admin	6.44	6.05	5.44	3.37	2.43	1.89
Research & Development	15.4	15.44	9.68	5.63	3.41	2.47
Other Operating Expenses	-0.52	-0.52	-0.02	-0.04	-0.02	-
Operating Expenses	21.32	20.97	15.1	8.95	5.81	4.36
Operating Income	-14.64	-16.87	-10.92	-6.36	-4.27	-3.05
Interest Expense	-0.94	-0.68	-0.18	-0.18	-0.13	-0.11
Interest & Investment Income	0.16	0.15	0.01	0.01	-	-
Other Non Operating Income (Expenses)	-	-	-	-	-	0
EBT Excluding Unusual Items	-15.43	-17.4	-11.1	-6.53	-4.4	-3.16
Merger & Restructuring Charges	-	-	-0.39	-	-	-
Asset Writedown	-6.49	-6.49	-9.24	-	-	-
Other Unusual Items	-	-	-	-	-0.18	0.24
Pretax Income	-21.92	-23.89	-20.72	-6.53	-4.58	-2.92
Income Tax Expense	-1.52	-1.54	-1.16	-1.26	-0.63	-0.61
Net Income	-20.4	-22.35	-19.56	-5.27	-3.95	-2.3
Net Income to Common	-20.4	-22.35	-19.56	-5.27	-3.95	-2.3
Shares Outstanding (Basic)	1,344	969	247	204	190	149
Shares Outstanding (Diluted)	1,344	969	247	204	190	149
Shares Change (YoY)	234.10%	292.04%	20.90%	7.43%	27.65%	9.54%
EPS (Basic)	-0.02	-0.02	-0.08	-0.03	-0.02	-0.02
EPS (Diluted)	-0.02	-0.02	-0.08	-0.03	-0.02	-0.02
Free Cash Flow	-7.62	-18.29	-15.03	-14.74	-7.68	-1.66
Free Cash Flow Per Share	-0.01	-0.02	-0.06	-0.07	-0.04	-0.01
Gross Margin	57.02%	49.81%	57.10%	64.20%	65.34%	67.11%
Operating Margin	-125.05%	-204.63%	-149.40%	-157.16%	-180.03%	-156.04%
Profit Margin	-174.20%	-271.13%	-267.49%	-130.21%	-166.82%	-117.88%
Free Cash Flow Margin	-65.09%	-221.82%	-205.55%	-364.35%	-323.98%	-84.78%
EBITDA	-12.88	-14.96	-9.92	-5.66	-3.8	-2.71
EBITDA Margin	-110.02%	-181.50%	-135.72%	-139.93%	-160.32%	-138.68%
D&A For EBITDA	1.76	1.91	1	0.7	0.47	0.34
EBIT	-14.64	-16.87	-10.92	-6.36	-4.27	-3.05
EBIT Margin	-125.05%	-204.63%	-149.40%	-157.16%	-180.03%	-156.04%

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