Workspace Group Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Property Revenue	181.4	185.2	184.3	174.2	132.9
Revenue	181.4	185.2	184.3	174.2	132.9
Revenue Growth (YoY)	-2.05%	0.49%	5.80%	31.08%	-6.61%
Property Expenses	68	63.1	58.1	57.6	46.2
Total Property Expenses	68	63.1	58.1	57.6	46.2
Gross Profit	113.4	122.1	126.2	116.6	86.7
Selling, General & Admin	21.7	23.3	25.3	21.5	19.3
Other Operating Expenses	181	61.4	258.8	97.6	-77.1
Operating Income	-89.3	37.4	-157.9	-2.5	144.5
Interest Income	2.2	0.6	-	-	-
Interest Expense	-33.4	-32.6	-34.9	-35	-20.5
Total Non-Operating Income (Expense)	-31.2	-32	-34.9	-35	-20.5
Pretax Income	-120.5	5.4	-192.8	-37.5	124
Provision for Income Taxes	-0.2	-	-0.3	0.3	0.1
Net Income	-120.3	5.4	-192.5	-37.8	123.9
Net Income to Common	-120.3	5.4	-192.5	-37.8	123.9
Shares Outstanding (Basic)	192	192	192	190	181
Shares Outstanding (Diluted)	193	194	193	192	182
Shares Change (YoY)	-0.30%	0.29%	0.84%	5.29%	0.63%
EPS (Basic)	-0.63	0.03	-1.00	-0.20	0.69
EPS (Diluted)	-0.63	0.03	-1.00	-0.20	0.68
Free Cash Flow	10.5	15.9	-18.2	-164.9	-61
Free Cash Flow Growth	-33.96%	-	-	-	-
Free Cash Flow Per Share	0.05	0.08	-0.09	-0.86	-0.34
Dividends Per Share	0.261	0.284	0.280	0.258	0.215
Dividend Growth	-8.10%	1.43%	8.53%	20.00%	21.13%
Gross Margin	62.51%	65.93%	68.48%	66.93%	65.24%
Operating Margin	-49.23%	20.19%	-85.68%	-1.44%	108.73%
Profit Margin	-66.32%	2.92%	-104.45%	-21.70%	93.23%
FCF Margin	5.79%	8.59%	-9.88%	-94.66%	-45.90%
EBITDA	-87.4	40.3	-155.3	0.3	147.2
EBITDA Margin	-48.18%	21.76%	-84.26%	0.17%	110.76%
EBIT	-89.3	37.4	-157.9	-2.5	144.5
EBIT Margin	-49.23%	20.19%	-85.68%	-1.44%	108.73%
Effective Tax Rate	0.17%	0.00%	0.16%	-0.80%	0.08%