LON:IPF Income Statement

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

Millions GBP. 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	737.5	726.3	767.8	645.5	548.7
Revenue Growth (YoY)	1.54%	-5.41%	18.95%	17.64%	-17.03%
Cost of Revenue	126.8	127.5	169.4	106.7	56.2
Gross Profit	610.7	598.8	598.4	538.8	492.5
Selling, General & Admin	312.9	308.1	308.9	271.8	259.4
Other Operating Expenses	137.9	135.1	128.7	121.5	111.4
Operating Expenses	450.8	443.2	437.6	393.3	370.8
Operating Income	159.9	155.6	160.8	145.5	121.7
Interest Expense	-71.3	-70.4	-76.9	-68.1	-54
EBT Excluding Unusual Items	88.6	85.2	83.9	77.4	67.7
Merger & Restructuring Charges	-3.3	-6.1	-	-	-
Other Unusual Items	-	-5.8	-	-	-
Pretax Income	85.3	73.3	83.9	77.4	67.7
Income Tax Expense	31.1	12.4	35.9	20.6	25.8
Earnings From Continuing Operations	54.2	60.9	48	56.8	41.9
Net Income	54.2	60.9	48	56.8	41.9
Net Income to Common	54.2	60.9	48	56.8	41.9
Net Income Growth	-11.00%	26.88%	-15.49%	35.56%	-
Shares Outstanding (Basic)	218	223	224	222	223
Shares Outstanding (Diluted)	230	235	238	234	235
Shares Change (YoY)	-2.30%	-0.93%	1.50%	-0.55%	5.80%
EPS (Basic)	0.25	0.27	0.21	0.26	0.19
EPS (Diluted)	0.24	0.26	0.20	0.24	0.18
EPS Growth	-8.88%	28.22%	-16.87%	36.52%	-
Free Cash Flow	-11.9	18.4	81.1	-10	-29.9
Free Cash Flow Per Share	-0.05	0.08	0.34	-0.04	-0.13
Dividend Per Share	0.128	0.114	0.103	0.092	0.080
Dividend Growth	12.28%	10.68%	11.96%	15.00%	-
Gross Margin	82.81%	82.45%	77.94%	83.47%	89.76%
Operating Margin	21.68%	21.42%	20.94%	22.54%	22.18%
Profit Margin	7.35%	8.38%	6.25%	8.80%	7.64%
Free Cash Flow Margin	-1.61%	2.53%	10.56%	-1.55%	-5.45%
EBITDA	166	162.4	167.3	151.7	127.3
EBITDA Margin	22.51%	22.36%	21.79%	23.50%	23.20%
D&A For EBITDA	6.1	6.8	6.5	6.2	5.6
EBIT	159.9	155.6	160.8	145.5	121.7
EBIT Margin	21.68%	21.42%	20.94%	22.54%	22.18%
Effective Tax Rate	36.46%	16.92%	42.79%	26.61%	38.11%

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