Sanford Income Statement

Financials in millions NZD. Fiscal year is October - September.

Millions NZD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Revenue	584.11	582.91	553.4	531.89	489.63
Revenue Growth (YoY)	0.21%	5.33%	4.04%	8.63%	4.43%
Cost of Revenue	429.34	456.73	444.76	435.03	417.99
Gross Profit	154.77	126.19	108.64	96.85	71.63
Selling, General & Admin	42.88	47.41	52.64	49.2	41.95
Other Operating Expenses	10.92	25.62	25.24	20.27	13.62
Operating Expenses	53.8	73.03	77.88	69.48	55.58
Operating Income	100.97	53.16	30.75	27.38	16.06
Interest Expense	-13.66	-18.14	-14.48	-9.13	-9.22
Interest & Investment Income	1.51	1.27	0.96	0.4	0.27
Earnings From Equity Investments	0.1	0.14	0.25	0.2	0.01
EBT Excluding Unusual Items	88.92	36.43	17.48	18.85	7.11
Gain (Loss) on Sale of Assets	1.04	0.96	-	43.62	12.93
Pretax Income	89.96	37.4	17.48	62.46	20.04
Income Tax Expense	26.27	17.73	7.47	6.69	3.8
Earnings From Continuing Operations	63.69	19.67	10.01	55.77	16.24
Net Income to Company	63.69	19.67	10.01	55.77	16.24
Minority Interest in Earnings	-0	0.02	0.01	0.12	0.03
Net Income	63.69	19.69	10.02	55.89	16.26
Net Income to Common	63.69	19.69	10.02	55.89	16.26
Net Income Growth	223.55%	96.54%	-82.08%	243.69%	-16.30%
Shares Outstanding (Basic)	94	94	94	94	94
Shares Outstanding (Diluted)	94	94	94	94	94
EPS (Basic)	0.68	0.21	0.11	0.60	0.17
EPS (Diluted)	0.68	0.21	0.11	0.60	0.17
EPS Growth	223.55%	96.54%	-82.08%	243.69%	-16.30%
Free Cash Flow	112.85	27.08	-21.65	-8.54	-6.85
Free Cash Flow Per Share	1.21	0.29	-0.23	-0.09	-0.07
Dividend Per Share	0.100	0.100	0.120	0.100	-
Dividend Growth	-	-16.67%	20.00%	-	-
Gross Margin	26.50%	21.65%	19.63%	18.21%	14.63%
Operating Margin	17.29%	9.12%	5.56%	5.15%	3.28%
Profit Margin	10.90%	3.38%	1.81%	10.51%	3.32%
Free Cash Flow Margin	19.32%	4.65%	-3.91%	-1.60%	-1.40%
EBITDA	128.5	79.92	55.82	50.65	40.42
EBITDA Margin	22.00%	13.71%	10.09%	9.52%	8.25%
D&A For EBITDA	27.53	26.76	25.07	23.27	24.36
EBIT	100.97	53.16	30.75	27.38	16.06
EBIT Margin	17.29%	9.12%	5.56%	5.15%	3.28%
Effective Tax Rate	29.20%	47.40%	42.73%	10.71%	18.97%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.