Asahi Group Holdings, Ltd. (TYO:2502)

Asahi Group Holdings Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,920,007	2,939,422	2,769,091	2,511,108	2,236,076	2,027,762
Revenue Growth (YoY)	0.86%	6.15%	10.27%	12.30%	10.27%	-2.93%
Cost of Revenue	1,829,457	1,841,741	1,770,157	1,589,272	1,383,195	1,283,150
Gross Profit	1,090,550	1,097,681	998,934	921,836	852,881	744,612
Selling, General & Admin	728,396	729,313	659,982	608,571	567,302	515,954
Other Operating Expenses	30,252	24,636	12,934	17,819	23,683	25,676
Operating Expenses	841,894	837,195	748,186	695,837	658,623	602,465
Operating Income	248,656	260,486	250,748	225,999	194,258	142,147
Interest Expense	-22,750	-18,437	-14,269	-12,306	-12,700	-11,164
Interest & Investment Income	8,996	7,573	7,449	2,656	2,880	3,536
Earnings From Equity Investments	-258	548	875	667	687	285
Currency Exchange Gain (Loss)	3,468	3,468	-1,305	-228	1,515	1,863
Other Non Operating Income (Expenses)	6,746	6,747	6,264	-520	-1,683	1,831
EBT Excluding Unusual Items	244,858	260,385	249,762	216,268	184,957	138,498
Gain (Loss) on Sale of Investments	-	-	-	-	-	-2,300
Gain (Loss) on Sale of Assets	15,396	15,396	-3,564	9,540	31,084	1,839
Asset Writedown	-8,793	-8,793	-4,328	-19,816	-16,216	-12,637
Pretax Income	251,461	266,988	241,870	205,992	199,825	125,400
Income Tax Expense	76,232	73,808	75,840	54,275	46,003	32,815
Earnings From Continuing Operations	175,229	193,180	166,030	151,717	153,822	92,585
Minority Interest in Earnings	-790	-1,100	-1,957	-162	-322	241
Net Income	174,439	192,080	164,073	151,555	153,500	92,826
Net Income to Common	174,439	192,080	164,073	151,555	153,500	92,826
Net Income Growth	-0.12%	17.07%	8.26%	-1.27%	65.36%	-34.73%
Shares Outstanding (Basic)	1,508	1,517	1,520	1,520	1,520	1,417
Shares Outstanding (Diluted)	1,508	1,517	1,520	1,520	1,520	1,417
Shares Change (YoY)	-0.79%	-0.22%	-0.00%	-0.00%	7.27%	3.12%
EPS (Basic)	115.68	126.66	107.94	99.70	100.97	65.51
EPS (Diluted)	115.65	126.63	107.92	99.69	100.96	65.50
EPS Growth	0.67%	17.33%	8.26%	-1.26%	54.15%	-36.70%
Free Cash Flow	190,462	295,398	257,967	182,942	257,009	195,084
Free Cash Flow Per Share	126.27	194.74	169.68	120.33	169.05	137.65
Dividend Per Share	53.000	49.000	40.333	37.667	36.333	35.333
Dividend Growth	21.37%	21.49%	7.08%	3.67%	2.83%	6.00%
Gross Margin	37.35%	37.34%	36.07%	36.71%	38.14%	36.72%
Operating Margin	8.52%	8.86%	9.05%	9.00%	8.69%	7.01%
Profit Margin	5.97%	6.54%	5.92%	6.04%	6.87%	4.58%
Free Cash Flow Margin	6.52%	10.05%	9.32%	7.29%	11.49%	9.62%
EBITDA	405,669	418,421	398,740	366,418	329,073	265,424
EBITDA Margin	13.89%	14.24%	14.40%	14.59%	14.72%	13.09%
D&A For EBITDA	157,013	157,935	147,992	140,419	134,815	123,277
EBIT	248,656	260,486	250,748	225,999	194,258	142,147
EBIT Margin	8.52%	8.86%	9.05%	9.00%	8.69%	7.01%
Effective Tax Rate	30.32%	27.64%	31.36%	26.35%	23.02%	26.17%
Advertising Expenses	-	224,553	210,529	195,379	185,021	171,574

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