MCEM Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	258.92	248.26	268.05	262.76	232.6	211.85
Revenue Growth (YoY)	0.87%	-7.38%	2.02%	12.97%	9.79%	12.19%
Cost of Revenue	160	155.71	169.66	170.53	160.83	146.98
Gross Profit	98.92	92.55	98.4	92.22	71.77	64.87
Selling, General & Admin	25.64	25.62	23.48	21.27	18.84	18.6
Operating Expenses	26.54	26.52	24.38	22.17	19.84	19.4
Operating Income	72.38	66.03	74.02	70.06	51.93	45.48
Interest Expense	-0.06	-0	-0	-0.01	-0.01	-0
Interest & Investment Income	2.38	2.43	3.98	2.99	1.7	2.91
Earnings From Equity Investments	4.88	4.15	1.6	2	1.18	1.31
Other Non Operating Income (Expenses)	0.32	-0.02	2.19	0.9	0.26	0.75
EBT Excluding Unusual Items	79.9	72.59	81.78	75.94	55.07	50.45
Gain (Loss) on Sale of Investments	8.58	4.82	5.09	16.87	-2.48	23.82
Gain (Loss) on Sale of Assets	-0.43	-0.43	1.81	-	-	-
Pretax Income	88.04	76.97	88.68	92.81	52.59	74.27
Income Tax Expense	14.78	12.35	22.63	19.12	11.71	14.57
Net Income	73.26	64.62	66.05	73.69	40.88	59.7
Net Income to Common	73.26	64.62	66.05	73.69	40.88	59.7
Net Income Growth	40.59%	-2.16%	-10.37%	80.28%	-31.53%	71.38%
Shares Outstanding (Basic)	4	4	4	4	4	4
Shares Outstanding (Diluted)	4	4	4	4	4	4
Shares Change (YoY)	1.51%	2.25%	-0.89%	-1.71%	-0.32%	-2.15%
EPS (Basic)	19.58	17.24	18.02	19.92	10.86	15.81
EPS (Diluted)	19.58	17.24	18.02	19.92	10.86	15.81
EPS Growth	38.51%	-4.31%	-9.56%	83.42%	-31.31%	75.15%
Free Cash Flow	45.92	36.04	29.09	24.79	15.06	29.62
Free Cash Flow Per Share	12.27	9.62	7.94	6.70	4.00	7.84
Dividend Per Share	2.490	3.240	2.930	2.650	2.380	2.200
Dividend Growth	-17.00%	10.58%	10.57%	11.34%	8.18%	10.00%
Gross Margin	38.20%	37.28%	36.71%	35.10%	30.86%	30.62%
Operating Margin	27.95%	26.60%	27.61%	26.66%	22.32%	21.47%
Profit Margin	28.30%	26.03%	24.64%	28.05%	17.57%	28.18%
Free Cash Flow Margin	17.73%	14.52%	10.85%	9.43%	6.48%	13.98%
EBITDA	93.99	86.44	91.43	86.61	67.85	60.51
EBITDA Margin	36.30%	34.82%	34.11%	32.96%	29.17%	28.56%
D&A For EBITDA	21.61	20.42	17.42	16.55	15.93	15.04
EBIT	72.38	66.03	74.02	70.06	51.93	45.48
EBIT Margin	27.95%	26.60%	27.61%	26.66%	22.32%	21.47%
Effective Tax Rate	16.79%	16.04%	25.52%	20.60%	22.27%	19.62%

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