Morgan Sindall 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	5,019	4,546	4,118	3,612	3,213
Revenue Growth (YoY)	10.39%	10.41%	13.99%	12.43%	5.89%
Cost of Revenue	4,405	4,018	3,668	3,202	2,830
Gross Profit	613.3	528.6	449.5	410	382.8
Selling, General & Admin	391.3	360	324	287.6	259.8
Other Operating Expenses	-5.2	-9.2	-1.5	-0.5	-1.4
Operating Expenses	386.1	350.8	322.5	287.1	258.4
Operating Income	227.2	177.8	127	122.9	124.4
Interest Expense	-6.3	-6	-4.5	-4.1	-4.2
Interest & Investment Income	15.6	18.2	10.8	2.3	0.6
Earnings From Equity Investments	1.2	3.2	18.2	4.5	5.4
Other Non Operating Income (Expenses)	-2.4	-2.3	-3	-1.2	-
EBT Excluding Unusual Items	235.3	190.9	148.5	124.4	126.2
Gain (Loss) on Sale of Assets	0.3	0.7	0.1	-	-
Asset Writedown	-2.5	-21	-2.8	-	-
Other Unusual Items	-1.3	1.3	-1.9	-39.1	-
Pretax Income	231.8	171.9	143.9	85.3	126.2
Income Tax Expense	56.9	40.2	26.2	24.4	28.3
Earnings From Continuing Operations	174.9	131.7	117.7	60.9	97.9
Net Income	174.9	131.7	117.7	60.9	97.9
Net Income to Common	174.9	131.7	117.7	60.9	97.9
Net Income Growth	32.80%	11.89%	93.27%	-37.79%	115.64%
Shares Outstanding (Basic)	47	47	46	46	46
Shares Outstanding (Diluted)	49	49	47	47	48
Shares Change (YoY)	1.65%	3.19%	0.64%	-2.50%	3.46%
EPS (Basic)	3.72	2.81	2.54	1.33	2.12
EPS (Diluted)	3.55	2.71	2.50	1.30	2.04
EPS Growth	30.68%	8.43%	92.03%	-36.20%	108.36%
Free Cash Flow	171.3	110.6	181.7	44.2	103.8
Free Cash Flow Per Share	3.48	2.28	3.87	0.95	2.17
Dividend Per Share	1.580	1.315	1.140	1.010	0.920
Dividend Growth	20.15%	15.35%	12.87%	9.78%	50.82%
Gross Margin	12.22%	11.63%	10.92%	11.35%	11.92%
Operating Margin	4.53%	3.91%	3.08%	3.40%	3.87%
Profit Margin	3.48%	2.90%	2.86%	1.69%	3.05%
Free Cash Flow Margin	3.41%	2.43%	4.41%	1.22%	3.23%
EBITDA	263.4	188	137.8	132	132.9
EBITDA Margin	5.25%	4.13%	3.35%	3.65%	4.14%
D&A For EBITDA	36.2	10.2	10.8	9.1	8.5
EBIT	227.2	177.8	127	122.9	124.4
EBIT Margin	4.53%	3.91%	3.08%	3.40%	3.87%
Effective Tax Rate	24.55%	23.39%	18.21%	28.61%	22.43%

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