Mears Group 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	1,135	1,133	1,089	959.61	878.42
Revenue Growth (YoY)	0.26%	3.96%	13.52%	9.24%	9.01%
Cost of Revenue	869.62	879.26	870.56	763.93	697.93
Gross Profit	265.84	253.25	218.77	195.69	180.49
Selling, General & Admin	187.21	178.58	164.06	152.26	147.29
Amortization of Goodwill & Intangibles	2.25	2.24	1.88	2.3	9.78
Operating Expenses	189.46	180.82	165.93	154.56	157.07
Operating Income	76.38	72.43	52.84	41.12	23.42
Interest Expense	-16.08	-13.75	-11.18	-8.3	-8.67
Interest & Investment Income	3.28	4.44	4.78	1.26	0.33
Earnings From Equity Investments	0.01	1.01	0.49	0.86	0.86
Other Non Operating Income (Expenses)	-	-	-	-	0.4
EBT Excluding Unusual Items	63.59	64.14	46.92	34.94	16.33
Merger & Restructuring Charges	-0.1	-	-	-	-
Pretax Income	63.49	64.14	46.92	34.94	16.33
Income Tax Expense	17.55	17.21	10.26	6.44	3.19
Earnings From Continuing Operations	45.94	46.94	36.66	28.5	13.14
Earnings From Discontinued Operations	-	-	-	0.49	1.12
Net Income to Company	45.94	46.94	36.66	29	14.26
Minority Interest in Earnings	0.28	-0.41	-1.46	-0.69	-0.14
Net Income	46.22	46.53	35.2	28.31	14.12
Net Income to Common	46.22	46.53	35.2	28.31	14.12
Net Income Growth	-0.65%	32.16%	24.37%	100.49%	-68.28%
Shares Outstanding (Basic)	83	93	107	111	111
Shares Outstanding (Diluted)	86	95	110	113	113
Shares Change (YoY)	-9.88%	-13.61%	-2.87%	0.37%	2.26%
EPS (Basic)	0.56	0.50	0.33	0.26	0.13
EPS (Diluted)	0.54	0.49	0.32	0.25	0.12
EPS Growth	10.23%	52.97%	28.04%	99.69%	-68.98%
Free Cash Flow	67.41	98.99	111.55	102.88	49.08
Free Cash Flow Per Share	0.79	1.04	1.01	0.91	0.43
Dividend Per Share	0.175	0.160	0.130	0.105	0.080
Dividend Growth	9.38%	23.08%	23.81%	31.25%	-
Gross Margin	23.41%	22.36%	20.08%	20.39%	20.55%
Operating Margin	6.73%	6.40%	4.85%	4.29%	2.67%
Profit Margin	4.07%	4.11%	3.23%	2.95%	1.61%
Free Cash Flow Margin	5.94%	8.74%	10.24%	10.72%	5.59%
EBITDA	83.4	79.46	60.39	49.39	36.69
EBITDA Margin	7.34%	7.02%	5.54%	5.15%	4.18%
D&A For EBITDA	7.03	7.03	7.55	8.27	13.27
EBIT	76.38	72.43	52.84	41.12	23.42
EBIT Margin	6.73%	6.40%	4.85%	4.29%	2.67%
Effective Tax Rate	27.64%	26.82%	21.86%	18.43%	19.54%

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