Asahi Group Holdings Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Revenue	2,920,007	2,939,422	2,769,091	2,511,108	2,236,076	2,027,762	Upgrade
Revenue Growth (YoY)	0.86%	6.15%	10.27%	12.30%	10.27%	-2.93%	Upgrade
Cost of Revenue	1,829,457	1,841,741	1,770,157	1,589,272	1,383,195	1,283,150	Upgrade
Gross Profit	1,090,550	1,097,681	998,934	921,836	852,881	744,612	Upgrade
Selling, General & Admin	728,396	729,313	659,982	608,571	567,302	515,954	Upgrade
Other Operating Expenses	30,252	24,636	12,934	17,819	23,683	25,676	Upgrade
Operating Expenses	841,894	837,195	748,186	695,837	658,623	602,465	Upgrade
Operating Income	248,656	260,486	250,748	225,999	194,258	142,147	Upgrade
Interest Expense	-22,750	-18,437	-14,269	-12,306	-12,700	-11,164	Upgrade
Interest & Investment Income	8,996	7,573	7,449	2,656	2,880	3,536	Upgrade
Earnings From Equity Investments	-258	548	875	667	687	285	Upgrade
Currency Exchange Gain (Loss)	3,468	3,468	-1,305	-228	1,515	1,863	Upgrade
Other Non Operating Income (Expenses)	6,746	6,747	6,264	-520	-1,683	1,831	Upgrade
EBT Excluding Unusual Items	244,858	260,385	249,762	216,268	184,957	138,498	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-	-2,300	Upgrade
Gain (Loss) on Sale of Assets	15,396	15,396	-3,564	9,540	31,084	1,839	Upgrade
Asset Writedown	-8,793	-8,793	-4,328	-19,816	-16,216	-12,637	Upgrade
Pretax Income	251,461	266,988	241,870	205,992	199,825	125,400	Upgrade
Income Tax Expense	76,232	73,808	75,840	54,275	46,003	32,815	Upgrade
Earnings From Continuing Operations	175,229	193,180	166,030	151,717	153,822	92,585	Upgrade
Minority Interest in Earnings	-790	-1,100	-1,957	-162	-322	241	Upgrade
Net Income	174,439	192,080	164,073	151,555	153,500	92,826	Upgrade
Net Income to Common	174,439	192,080	164,073	151,555	153,500	92,826	Upgrade
Net Income Growth	-0.12%	17.07%	8.26%	-1.27%	65.36%	-34.73%	Upgrade
Shares Outstanding (Basic)	1,508	1,517	1,520	1,520	1,520	1,417	Upgrade
Shares Outstanding (Diluted)	1,508	1,517	1,520	1,520	1,520	1,417	Upgrade
Shares Change (YoY)	-0.79%	-0.22%	-0.00%	-0.00%	7.27%	3.12%	Upgrade
EPS (Basic)	115.68	126.66	107.94	99.70	100.97	65.51	Upgrade
EPS (Diluted)	115.65	126.63	107.92	99.69	100.96	65.50	Upgrade
EPS Growth	0.67%	17.33%	8.26%	-1.26%	54.15%	-36.70%	Upgrade
Free Cash Flow	190,462	295,398	257,967	182,942	257,009	195,084	Upgrade
Free Cash Flow Per Share	126.27	194.74	169.68	120.33	169.05	137.65	Upgrade
Dividend Per Share	53.000	49.000	40.333	37.667	36.333	35.333	Upgrade
Dividend Growth	21.37%	21.49%	7.08%	3.67%	2.83%	6.00%	Upgrade
Gross Margin	37.35%	37.34%	36.07%	36.71%	38.14%	36.72%	Upgrade
Operating Margin	8.52%	8.86%	9.05%	9.00%	8.69%	7.01%	Upgrade
Profit Margin	5.97%	6.54%	5.92%	6.04%	6.87%	4.58%	Upgrade
Free Cash Flow Margin	6.52%	10.05%	9.32%	7.29%	11.49%	9.62%	Upgrade
EBITDA	405,669	418,421	398,740	366,418	329,073	265,424	Upgrade
EBITDA Margin	13.89%	14.24%	14.40%	14.59%	14.72%	13.09%	Upgrade
D&A For EBITDA	157,013	157,935	147,992	140,419	134,815	123,277	Upgrade
EBIT	248,656	260,486	250,748	225,999	194,258	142,147	Upgrade
EBIT Margin	8.52%	8.86%	9.05%	9.00%	8.69%	7.01%	Upgrade
Effective Tax Rate	30.32%	27.64%	31.36%	26.35%	23.02%	26.17%	Upgrade
Advertising Expenses	-	224,553	210,529	195,379	185,021	171,574	Upgrade

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