LON:IWG 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	3,762	3,756	3,764	3,315	3,015
Revenue Growth (YoY)	0.16%	-0.21%	13.56%	9.92%	-9.18%
Cost of Revenue	2,731	2,808	2,879	2,612	2,531
Gross Profit	1,031	948	885	702.45	484.75
Selling, General & Admin	546	514	496	467.5	399.45
Operating Expenses	857	780	808	460.27	461.73
Operating Income	174	168	77	242.18	23.02
Interest Expense	-87	-64	-54	-337.37	-281.64
Interest & Investment Income	-	-	-	42.17	4.06
Earnings From Equity Investments	4	-	-1	-1.2	-2.71
Currency Exchange Gain (Loss)	7	-17	6	-	-
Other Non Operating Income (Expenses)	-21	-19	-19	-8.43	44.68
EBT Excluding Unusual Items	77	68	9	-62.65	-212.59
Merger & Restructuring Charges	-	-	-	2.41	28.44
Impairment of Goodwill	-	-	-	-3.61	-
Gain (Loss) on Sale of Assets	-2	57	-32	-	-
Asset Writedown	-29	-83	-143	-46.99	-96.14
Other Unusual Items	1	16	-	-15.66	-70.41
Pretax Income	47	58	-166	-126.51	-350.7
Income Tax Expense	32	40	43	-38.56	13.54
Earnings From Continuing Operations	15	18	-209	-87.96	-364.24
Earnings From Discontinued Operations	-	-	-	1.2	79.89
Net Income to Company	15	18	-209	-86.75	-284.35
Minority Interest in Earnings	3	-	2	3.61	6.77
Net Income	18	18	-207	-83.14	-277.58
Net Income to Common	18	18	-207	-83.14	-277.58
Shares Outstanding (Basic)	1,008	1,010	1,007	1,007	1,007
Shares Outstanding (Diluted)	1,023	1,019	1,007	1,007	1,007
Shares Change (YoY)	0.33%	1.24%	-0.02%	-0.03%	5.81%
EPS (Basic)	0.02	0.02	-0.21	-0.08	-0.28
EPS (Diluted)	0.02	0.02	-0.21	-0.08	-0.28
EPS Growth	0.20%	-	-	-	-
Free Cash Flow	169	135	210	1,090	695.99
Free Cash Flow Per Share	0.17	0.13	0.21	1.08	0.69
Dividend Per Share	0.014	0.013	0.013	-	-
Dividend Growth	3.76%	4.41%	-	-	-
Gross Margin	27.41%	25.24%	23.51%	21.19%	16.07%
Operating Margin	4.63%	4.47%	2.05%	7.31%	0.76%
Profit Margin	0.48%	0.48%	-5.50%	-2.51%	-9.21%
Free Cash Flow Margin	4.49%	3.59%	5.58%	32.90%	23.08%
EBITDA	467	421	370	494.01	297.89
EBITDA Margin	12.41%	11.21%	9.83%	14.90%	9.88%
D&A For EBITDA	293	253	293	251.82	274.87
EBIT	174	168	77	242.18	23.02
EBIT Margin	4.63%	4.47%	2.05%	7.31%	0.76%
Effective Tax Rate	68.08%	68.97%	-	-	-

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