GMO Product Platform Income Statement

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

Millions JPY. 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	6,818	5,025	5,117	5,200	4,086
Revenue Growth (YoY)	35.68%	-1.80%	-1.60%	27.26%	20.39%
Cost of Revenue	2,992	2,480	2,575	2,737	2,106
Gross Profit	3,826	2,545	2,542	2,463	1,980
Selling, General & Admin	3,485	2,307	2,101	2,052	1,618
Operating Expenses	3,485	2,310	2,101	2,043	1,627
Operating Income	341	235	441	420	353
Interest & Investment Income	11	15	10	10	10
Currency Exchange Gain (Loss)	-21	2	-13	27	14
Other Non Operating Income (Expenses)	-10	-4	-3	-	8
EBT Excluding Unusual Items	321	248	435	457	385
Gain (Loss) on Sale of Assets	-46	-	-	-	-
Asset Writedown	-	-	-8	-	-
Pretax Income	275	248	427	457	385
Income Tax Expense	114	53	120	101	111
Earnings From Continuing Operations	161	195	307	356	274
Minority Interest in Earnings	-6	-12	-	-	-
Net Income	155	183	307	356	274
Net Income to Common	155	183	307	356	274
Net Income Growth	-15.30%	-40.39%	-13.76%	29.93%	56.57%
Shares Outstanding (Basic)	4	2	2	2	2
Shares Outstanding (Diluted)	4	2	2	2	2
Shares Change (YoY)	127.71%	0.01%	0.04%	0.02%	-0.01%
EPS (Basic)	41.66	112.01	188.04	218.15	167.99
EPS (Diluted)	41.66	112.01	188.04	218.15	167.89
EPS Growth	-62.80%	-40.43%	-13.80%	29.94%	56.44%
Free Cash Flow	-	236	475	128	472
Free Cash Flow Per Share	-	144.45	290.77	78.39	289.13
Dividend Per Share	-	114.840	114.840	109.140	83.970
Dividend Growth	-	-	5.22%	29.98%	55.90%
Gross Margin	56.12%	50.65%	49.68%	47.37%	48.46%
Operating Margin	5.00%	4.68%	8.62%	8.08%	8.64%
Profit Margin	2.27%	3.64%	6.00%	6.85%	6.71%
Free Cash Flow Margin	-	4.70%	9.28%	2.46%	11.55%
EBITDA	445	339	530	505	421
EBITDA Margin	6.53%	6.75%	10.36%	9.71%	10.30%
D&A For EBITDA	104	104	89	85	68
EBIT	341	235	441	420	353
EBIT Margin	5.00%	4.68%	8.62%	8.08%	8.64%
Effective Tax Rate	41.45%	21.37%	28.10%	22.10%	28.83%

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