LON:0VFA 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	9,434	8,406	7,022	6,505	5,739
Revenue Growth (YoY)	12.23%	19.71%	7.95%	13.35%	15.52%
Cost of Revenue	6,241	5,382	4,220	3,907	3,365
Gross Profit	3,193	3,024	2,802	2,598	2,374
Selling, General & Admin	741	691	647	561	450
Other Operating Expenses	261	9	18	14	-
Operating Expenses	1,002	700	665	575	450
Operating Income	2,191	2,324	2,137	2,023	1,924
Interest Expense	-516	-616	-622	-540	-508
Interest & Investment Income	-	39	40	7	3
Earnings From Equity Investments	11	69	8	-44	-4
Currency Exchange Gain (Loss)	-	71	-20	4	76
EBT Excluding Unusual Items	1,686	1,887	1,543	1,450	1,491
Merger & Restructuring Charges	-	-22	-19	-24	-18
Gain (Loss) on Sale of Assets	-	-3	-16	-4	-2
Legal Settlements	-	-	-1	-11	-81
Other Unusual Items	-2	-53	-54	-46	-27
Pretax Income	1,684	1,809	1,453	1,365	1,363
Income Tax Expense	483	364	-265	-117	110
Earnings From Continuing Operations	1,201	1,445	1,718	1,482	1,253
Earnings From Discontinued Operations	-126	-	-	-	-
Net Income to Company	1,075	1,445	1,718	1,482	1,253
Minority Interest in Earnings	-299	-424	-528	-474	-415
Net Income	776	1,021	1,190	1,008	838
Net Income to Common	776	1,021	1,190	1,008	838
Net Income Growth	-24.00%	-14.20%	18.06%	20.29%	72.43%
Shares Outstanding (Basic)	329	319	312	307	310
Shares Outstanding (Diluted)	457	454	456	455	464
Shares Change (YoY)	0.66%	-0.44%	0.22%	-1.94%	-0.85%
EPS (Basic)	2.36	3.20	3.81	3.28	2.70
EPS (Diluted)	2.35	3.18	3.76	3.25	2.69
EPS Growth	-25.88%	-15.55%	15.70%	20.76%	68.42%
Free Cash Flow	1,302	1,302	1,203	1,390	1,620
Free Cash Flow Per Share	2.85	2.87	2.64	3.06	3.49
Dividend Per Share	-	2.320	2.200	2.160	2.120
Dividend Growth	-	5.46%	1.85%	1.89%	1.92%
Gross Margin	33.85%	35.97%	39.90%	39.94%	41.37%
Operating Margin	23.23%	27.65%	30.43%	31.10%	33.52%
Profit Margin	8.23%	12.15%	16.95%	15.50%	14.60%
Free Cash Flow Margin	13.80%	15.49%	17.13%	21.37%	28.23%
EBITDA	2,492	2,588	2,328	2,213	2,125
EBITDA Margin	26.41%	30.79%	33.15%	34.02%	37.03%
D&A For EBITDA	301	264	191	190	201
EBIT	2,191	2,324	2,137	2,023	1,924
EBIT Margin	23.22%	27.65%	30.43%	31.10%	33.52%
Effective Tax Rate	28.68%	20.12%	-	-	8.07%
Revenue as Reported	9,434	8,406	7,022	6,505	5,739
Advertising Expenses	-	1,268	1,201	1,032	962

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.