Medley Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. 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	36,786	29,302	20,532	14,185	10,863
Revenue Growth (YoY)	25.54%	42.71%	44.74%	30.58%	59.05%
Cost of Revenue	13,600	10,382	6,945	4,464	3,878
Gross Profit	23,186	18,920	13,587	9,721	6,985
Selling, General & Admin	21,036	15,900	10,713	8,241	6,129
Operating Expenses	21,036	16,592	10,924	8,430	6,252
Operating Income	2,150	2,328	2,663	1,291	733
Interest Expense	-173	-67	-11	-11	-18
Interest & Investment Income	22	2	-	-	-
Other Non Operating Income (Expenses)	-169	1,816	1,102	245	28
EBT Excluding Unusual Items	1,830	4,079	3,754	1,525	743
Gain (Loss) on Sale of Investments	-	-	46	-	-
Gain (Loss) on Sale of Assets	203	2	-	-1	-
Asset Writedown	-1	-12	-	-1	-1
Other Unusual Items	347	-1	1	-	22
Pretax Income	2,379	4,068	3,801	1,523	764
Income Tax Expense	1,404	1,293	1,230	502	206
Earnings From Continuing Operations	975	2,775	2,571	1,021	558
Minority Interest in Earnings	-	23	-5	-4	5
Net Income	975	2,798	2,566	1,017	563
Net Income to Common	975	2,798	2,566	1,017	563
Net Income Growth	-65.15%	9.04%	152.31%	80.64%	23.74%
Shares Outstanding (Basic)	32	32	32	32	32
Shares Outstanding (Diluted)	32	33	33	33	33
Shares Change (YoY)	-2.04%	0.03%	0.03%	-0.50%	4.23%
EPS (Basic)	30.60	86.16	79.52	31.75	17.78
EPS (Diluted)	30.47	85.62	78.55	31.16	17.15
EPS Growth	-64.41%	9.00%	152.09%	81.69%	18.44%
Free Cash Flow	3,281	2,381	3,675	1,867	975
Free Cash Flow Per Share	102.48	72.85	112.48	57.16	29.70
Gross Margin	63.03%	64.57%	66.17%	68.53%	64.30%
Operating Margin	5.85%	7.95%	12.97%	9.10%	6.75%
Profit Margin	2.65%	9.55%	12.50%	7.17%	5.18%
Free Cash Flow Margin	8.92%	8.13%	17.90%	13.16%	8.97%
EBITDA	4,607	4,036	3,364	1,914	1,229
EBITDA Margin	12.52%	13.77%	16.38%	13.49%	11.31%
D&A For EBITDA	2,457	1,708	701	623	496
EBIT	2,150	2,328	2,663	1,291	733
EBIT Margin	5.85%	7.95%	12.97%	9.10%	6.75%
Effective Tax Rate	59.02%	31.79%	32.36%	32.96%	26.96%
Advertising Expenses	-	993	669	710	396

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