Grainger plc (LON: GRI)

Grainger Income Statement

Financials in millions GBP. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Rental Revenue	154.8	154.8	133.7	121.4	97.4	99.3
Property Management Fees	8.1	8.1	5	4.4	5.1	7.5
Other Revenue	127.2	127.2	128.4	153.4	146.4	107.2
Total Revenue	290.1	290.1	267.1	279.2	248.9	214
Revenue Growth (YoY	8.61%	8.61%	-4.33%	12.17%	16.31%	-3.95%
Property Expenses	120.3	120.3	109	118.6	101.6	69.7
Selling, General & Administrative	37.6	37.6	36.3	35.8	33.3	31
Other Operating Expenses	6	6	1.2	0.8	0.6	0.6
Total Operating Expenses	163.9	163.9	146.5	155.2	135.5	101.3
Operating Income	126.2	126.2	120.6	124	113.4	112.7
Interest Expense	-38.3	-38.3	-30.8	-31.1	-31.6	-31.6
Interest & Investment Income	7.6	7.6	6.9	6.1	5.1	5.5
Income (Loss) on Equity Investments	-0.6	-0.6	-0.4	-0.5	0.5	-1.5
Other Non-Operating Income	-10.1	-10.1	-3.2	-3.5	-3.8	-2.8
EBT Excluding Unusual Items	84.8	84.8	93.1	95	83.6	82.3
Impairment of Goodwill	-	-	-0.1	-	-	-
Gain (Loss) on Sale of Assets	-5.8	-5.8	3.3	1.7	1.5	2.3
Asset Writedown	-32.5	-32.5	-68.8	210.2	76.8	29.8
Other Unusual Items	-5.9	-5.9	-0.1	-8.3	-9.8	-15.3
Pretax Income	40.6	40.6	27.4	298.6	152.1	99.1
Income Tax Expense	9.4	9.4	1.8	69.2	42.6	16.3
Earnings From Continuing Operations	31.2	31.2	25.6	229.4	109.5	82.8
Net Income	31.2	31.2	25.6	229.4	109.5	82.8
Net Income to Common	31.2	31.2	25.6	229.4	109.5	82.8
Net Income Growth	21.88%	21.88%	-88.84%	109.50%	32.25%	-27.94%
Basic Shares Outstanding	738	738	740	741	678	649
Diluted Shares Outstanding	742	742	742	743	680	652
Shares Change (YoY)	-0.12%	-0.12%	-0.09%	9.22%	4.40%	12.13%
EPS (Basic)	0.04	0.04	0.03	0.31	0.16	0.13
EPS (Diluted)	0.04	0.04	0.03	0.31	0.16	0.13
EPS Growth	21.39%	21.39%	-88.80%	91.93%	26.77%	-35.86%
Dividend Per Share	0.075	0.075	0.067	0.060	0.051	0.055
Dividend Growth	13.53%	13.53%	11.39%	15.92%	-5.85%	5.39%
Operating Margin	43.50%	43.50%	45.15%	44.41%	45.56%	52.66%
Profit Margin	10.75%	10.75%	9.58%	82.16%	43.99%	38.69%
Free Cash Flow Margin	47.09%	47.09%	69.15%	36.53%	59.46%	37.90%
EBITDA	127.7	127.7	121.7	124.9	114.3	113.5
EBITDA Margin	44.02%	44.02%	45.56%	44.73%	45.92%	53.04%
D&A For Ebitda	1.5	1.5	1.1	0.9	0.9	0.8
EBIT	126.2	126.2	120.6	124	113.4	112.7
EBIT Margin	43.50%	43.50%	45.15%	44.41%	45.56%	52.66%
Effective Tax Rate	23.15%	23.15%	6.57%	23.17%	28.01%	16.45%

Source: S&P Capital IQ. Real Estate template. Financial Sources.