Marshalls 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	632.1	619.2	671.2	719.4	589.26
Revenue Growth (YoY)	2.08%	-7.75%	-6.70%	22.08%	25.52%
Cost of Revenue	240.5	223.6	249.2	273.3	231.75
Gross Profit	391.6	395.6	422	446.1	357.51
Selling, General & Admin	132.1	131.3	148.4	153.1	130.36
Amortization of Goodwill & Intangibles	12.3	12.1	12.1	9.1	3.18
Other Operating Expenses	173.8	171.1	174.9	187.3	122.98
Operating Expenses	344.8	343.9	366.6	382.6	284.26
Operating Income	46.8	51.7	55.4	63.5	73.26
Interest Expense	-13.3	-14.2	-17.2	-10.6	-3.65
Interest & Investment Income	-	-	0.1	-	0
Other Non Operating Income (Expenses)	-	-	-0.1	-	-
EBT Excluding Unusual Items	33.5	37.5	38.2	52.9	69.61
Merger & Restructuring Charges	-14.1	-	-16.3	-11.7	-1.57
Gain (Loss) on Sale of Assets	-0.1	1.9	2	1.2	8.92
Asset Writedown	-	-	-0.3	-5.2	-1.67
Other Unusual Items	-1.6	-	-1.4	-	-5.97
Pretax Income	17.7	39.4	22.2	37.2	69.32
Income Tax Expense	3.3	8.4	3.8	10.7	14.42
Earnings From Continuing Operations	14.4	31	18.4	26.5	54.9
Minority Interest in Earnings	-	-	0.2	0.3	-0.09
Net Income	14.4	31	18.6	26.8	54.81
Net Income to Common	14.4	31	18.6	26.8	54.81
Net Income Growth	-53.55%	66.67%	-30.60%	-51.10%	2212.49%
Shares Outstanding (Basic)	253	253	253	235	199
Shares Outstanding (Diluted)	255	254	254	237	200
Shares Change (YoY)	0.27%	-0.02%	7.29%	18.11%	0.03%
EPS (Basic)	0.06	0.12	0.07	0.11	0.28
EPS (Diluted)	0.06	0.12	0.07	0.11	0.27
EPS Growth	-54.10%	67.12%	-35.40%	-58.76%	2196.72%
Free Cash Flow	22.9	67.6	59.4	57.5	46.5
Free Cash Flow Per Share	0.09	0.27	0.23	0.24	0.23
Dividend Per Share	0.067	0.080	0.083	0.156	0.143
Dividend Growth	-16.25%	-3.61%	-46.79%	9.09%	232.56%
Gross Margin	61.95%	63.89%	62.87%	62.01%	60.67%
Operating Margin	7.40%	8.35%	8.25%	8.83%	12.43%
Profit Margin	2.28%	5.01%	2.77%	3.72%	9.30%
Free Cash Flow Margin	3.62%	10.92%	8.85%	7.99%	7.89%
EBITDA	77	84.2	87.2	92.6	89.67
EBITDA Margin	12.18%	13.60%	12.99%	12.87%	15.22%
D&A For EBITDA	30.2	32.5	31.8	29.1	16.42
EBIT	46.8	51.7	55.4	63.5	73.26
EBIT Margin	7.40%	8.35%	8.25%	8.83%	12.43%
Effective Tax Rate	18.64%	21.32%	17.12%	28.76%	20.81%

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