LON:0S23 Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	52,596	56,219	49,715	58,186	40,807
Revenue Growth (YoY)	-6.44%	13.08%	-14.56%	42.59%	50.03%
Cost of Revenue	45,390	48,995	42,999	51,461	34,860
Gross Profit	7,206	7,224	6,716	6,725	5,947
Selling, General & Admin	251	244	229	241	209
Operating Expenses	251	244	229	241	209
Operating Income	6,955	6,980	6,487	6,484	5,738
Interest Expense	-1,401	-1,352	-1,269	-1,244	-1,283
Interest & Investment Income	-	47	27	11	5
Earnings From Equity Investments	361	408	462	464	583
Other Non Operating Income (Expenses)	34	2	14	23	-
EBT Excluding Unusual Items	5,949	6,085	5,721	5,738	5,043
Asset Writedown	-50	-50	-20	-41	-218
Pretax Income	5,899	6,035	5,701	5,697	4,825
Income Tax Expense	23	65	44	82	70
Earnings From Continuing Operations	5,876	5,970	5,657	5,615	4,755
Minority Interest in Earnings	-62	-69	-125	-125	-117
Net Income	5,814	5,901	5,532	5,490	4,638
Preferred Dividends & Other Adjustments	-	60	53	49	41
Net Income to Common	5,814	5,841	5,479	5,441	4,597
Net Income Growth	-1.47%	6.67%	0.77%	18.37%	22.83%
Shares Outstanding (Basic)	2,188	2,169	2,172	2,178	2,183
Shares Outstanding (Diluted)	2,188	2,192	2,194	2,199	2,203
Shares Change (YoY)	-0.18%	-0.09%	-0.23%	-0.19%	0.06%
EPS (Basic)	2.66	2.69	2.52	2.50	2.11
EPS (Diluted)	2.66	2.69	2.52	2.50	2.11
EPS Growth	-1.29%	6.77%	1.00%	18.60%	22.94%
Free Cash Flow	-	3,571	4,303	6,075	6,290
Free Cash Flow Per Share	-	1.63	1.96	2.76	2.85
Dividend Per Share	2.175	2.100	2.005	1.905	1.815
Dividend Growth	3.57%	4.74%	5.25%	4.96%	1.68%
Gross Margin	13.70%	12.85%	13.51%	11.56%	14.57%
Operating Margin	13.22%	12.42%	13.05%	11.14%	14.06%
Profit Margin	11.05%	10.39%	11.02%	9.35%	11.27%
Free Cash Flow Margin	-	6.35%	8.65%	10.44%	15.41%
EBITDA	9,540	9,453	8,830	8,729	7,878
EBITDA Margin	18.14%	16.81%	17.76%	15.00%	19.30%
D&A For EBITDA	2,585	2,473	2,343	2,245	2,140
EBIT	6,955	6,980	6,487	6,484	5,738
EBIT Margin	13.22%	12.42%	13.05%	11.14%	14.06%
Effective Tax Rate	0.39%	1.08%	0.77%	1.44%	1.45%
Revenue as Reported	-	56,219	49,715	58,186	40,807

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