Senior 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	738.2	707.4	963.5	848.4	658.7
Revenue Growth (YoY)	4.35%	-26.58%	13.57%	28.80%	-10.21%
Cost of Revenue	686.5	657.3	789.5	698.7	555.7
Gross Profit	51.7	50.1	174	149.7	103
Selling, General & Admin	-2.1	-2	135.2	116.5	92.7
Operating Expenses	-2.1	-2	135.2	116.5	92.7
Operating Income	53.8	52.1	38.8	33.2	10.3
Interest Expense	-21	-19.6	-17.6	-10.6	-8.5
Interest & Investment Income	6.5	6.8	8	0.7	0.5
Earnings From Equity Investments	3	1.3	1	0.4	0.2
Other Non Operating Income (Expenses)	0.5	-	-3.2	-0.2	-3
EBT Excluding Unusual Items	42.8	40.6	27	23.5	-0.5
Merger & Restructuring Charges	-8.2	-4.3	-1.5	-1.2	-
Gain (Loss) on Sale of Assets	-	-	0.2	0.1	24.2
Legal Settlements	-	-1.1	-	-	-
Other Unusual Items	-0.5	2.2	-2.9	-	-
Pretax Income	34.1	37.4	22.8	22.4	23.7
Income Tax Expense	6.8	4.2	-8.3	2.2	-0.5
Earnings From Continuing Operations	27.3	33.2	31.1	20.2	24.2
Earnings From Discontinued Operations	-31.5	-7.3	-	-	-
Net Income	-4.2	25.9	31.1	20.2	24.2
Net Income to Common	-4.2	25.9	31.1	20.2	24.2
Net Income Growth	-	-16.72%	53.96%	-16.53%	-
Shares Outstanding (Basic)	413	414	413	415	416
Shares Outstanding (Diluted)	426	424	425	427	423
Shares Change (YoY)	0.54%	-0.35%	-0.45%	1.04%	1.83%
EPS (Basic)	-0.01	0.06	0.08	0.05	0.06
EPS (Diluted)	-0.01	0.06	0.07	0.05	0.06
EPS Growth	-	-16.45%	54.76%	-17.45%	-
Free Cash Flow	24.9	17.3	7.7	29	6.8
Free Cash Flow Per Share	0.06	0.04	0.02	0.07	0.02
Dividend Per Share	0.030	0.024	0.023	0.013	-
Dividend Growth	25.00%	4.35%	76.92%	-	-
Gross Margin	7.00%	7.08%	18.06%	17.64%	15.64%
Operating Margin	7.29%	7.36%	4.03%	3.91%	1.56%
Profit Margin	-0.57%	3.66%	3.23%	2.38%	3.67%
Free Cash Flow Margin	3.37%	2.45%	0.80%	3.42%	1.03%
EBITDA	75.9	73.4	78.5	71.2	47.1
EBITDA Margin	10.28%	10.38%	8.15%	8.39%	7.15%
D&A For EBITDA	22.1	21.3	39.7	38	36.8
EBIT	53.8	52.1	38.8	33.2	10.3
EBIT Margin	7.29%	7.36%	4.03%	3.91%	1.56%
Effective Tax Rate	19.94%	11.23%	-	9.82%	-

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