MCEM Income Statement

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

Millions USD. 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	248.26	268.05	262.76	232.6	211.85
Revenue Growth (YoY)	-7.38%	2.02%	12.97%	9.79%	12.19%
Cost of Revenue	155.71	169.66	170.53	160.83	146.98
Gross Profit	92.55	98.4	92.22	71.77	64.87
Selling, General & Admin	25.62	23.48	21.27	18.84	18.6
Operating Expenses	26.52	24.38	22.17	19.84	19.4
Operating Income	66.03	74.02	70.06	51.93	45.48
Interest Expense	-0	-0	-0.01	-0.01	-0
Interest & Investment Income	2.43	3.98	2.99	1.7	2.91
Earnings From Equity Investments	4.15	1.6	2	1.18	1.31
Other Non Operating Income (Expenses)	-0.02	2.19	0.9	0.26	0.75
EBT Excluding Unusual Items	72.59	81.78	75.94	55.07	50.45
Gain (Loss) on Sale of Investments	4.82	5.09	16.87	-2.48	23.82
Gain (Loss) on Sale of Assets	-0.43	1.81	-	-	-
Pretax Income	76.97	88.68	92.81	52.59	74.27
Income Tax Expense	12.35	22.63	19.12	11.71	14.57
Net Income	64.62	66.05	73.69	40.88	59.7
Net Income to Common	64.62	66.05	73.69	40.88	59.7
Net Income Growth	-2.16%	-10.37%	80.28%	-31.53%	71.38%
Shares Outstanding (Basic)	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4
Shares Change (YoY)	2.25%	-0.89%	-1.71%	-0.32%	-2.15%
EPS (Basic)	17.24	18.02	19.92	10.86	15.81
EPS (Diluted)	17.24	18.02	19.92	10.86	15.81
EPS Growth	-4.31%	-9.56%	83.42%	-31.31%	75.15%
Free Cash Flow	36.04	29.09	24.79	15.06	29.62
Free Cash Flow Per Share	9.62	7.94	6.70	4.00	7.84
Dividend Per Share	3.240	2.930	2.650	2.380	2.200
Dividend Growth	10.58%	10.57%	11.34%	8.18%	10.00%
Gross Margin	37.28%	36.71%	35.10%	30.86%	30.62%
Operating Margin	26.60%	27.61%	26.66%	22.32%	21.47%
Profit Margin	26.03%	24.64%	28.05%	17.57%	28.18%
Free Cash Flow Margin	14.52%	10.85%	9.43%	6.48%	13.98%
EBITDA	86.44	91.43	86.61	67.85	60.51
EBITDA Margin	34.82%	34.11%	32.96%	29.17%	28.56%
D&A For EBITDA	20.42	17.42	16.55	15.93	15.04
EBIT	66.03	74.02	70.06	51.93	45.48
EBIT Margin	26.60%	27.61%	26.66%	22.32%	21.47%
Effective Tax Rate	16.04%	25.52%	20.60%	22.27%	19.62%

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