GMO Product Platform Income Statement

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

Millions JPY. 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	7,497	6,818	5,025	5,117	5,200	4,086
Revenue Growth (YoY)	50.48%	35.68%	-1.80%	-1.60%	27.26%	20.39%
Cost of Revenue	3,084	2,992	2,480	2,575	2,737	2,106
Gross Profit	4,413	3,826	2,545	2,542	2,463	1,980
Selling, General & Admin	3,603	3,490	2,307	2,101	2,052	1,618
Operating Expenses	3,598	3,485	2,310	2,101	2,043	1,627
Operating Income	815	341	235	441	420	353
Interest Expense	-5	-	-	-	-	-
Interest & Investment Income	14	11	15	10	10	10
Currency Exchange Gain (Loss)	-30	-21	2	-13	27	14
Other Non Operating Income (Expenses)	-9	-10	-4	-3	-	8
EBT Excluding Unusual Items	785	321	248	435	457	385
Gain (Loss) on Sale of Investments	-16	-	-	-	-	-
Asset Writedown	-46	-46	-	-8	-	-
Pretax Income	723	275	248	427	457	385
Income Tax Expense	302	114	53	120	101	111
Earnings From Continuing Operations	421	161	195	307	356	274
Minority Interest in Earnings	-7	-6	-12	-	-	-
Net Income	414	155	183	307	356	274
Net Income to Common	414	155	183	307	356	274
Net Income Growth	1625.00%	-15.30%	-40.39%	-13.76%	29.93%	56.57%
Shares Outstanding (Basic)	4	4	2	2	2	2
Shares Outstanding (Diluted)	4	4	2	2	2	2
Shares Change (YoY)	170.09%	127.71%	0.01%	0.04%	0.02%	-0.01%
EPS (Basic)	93.82	41.66	112.01	188.04	218.15	167.99
EPS (Diluted)	93.82	41.66	112.01	188.04	218.15	167.89
EPS Growth	538.68%	-62.80%	-40.43%	-13.80%	29.94%	56.44%
Free Cash Flow	-	986	236	475	128	472
Free Cash Flow Per Share	-	265.04	144.45	290.77	78.39	289.13
Dividend Per Share	59.520	59.520	114.840	114.840	109.140	83.970
Dividend Growth	-48.17%	-48.17%	-	5.22%	29.98%	55.90%
Gross Margin	58.86%	56.12%	50.65%	49.68%	47.37%	48.46%
Operating Margin	10.87%	5.00%	4.68%	8.62%	8.08%	8.64%
Profit Margin	5.52%	2.27%	3.64%	6.00%	6.85%	6.71%
Free Cash Flow Margin	-	14.46%	4.70%	9.28%	2.46%	11.55%
EBITDA	974	489	339	530	505	421
EBITDA Margin	12.99%	7.17%	6.75%	10.36%	9.71%	10.30%
D&A For EBITDA	159	148	104	89	85	68
EBIT	815	341	235	441	420	353
EBIT Margin	10.87%	5.00%	4.68%	8.62%	8.08%	8.64%
Effective Tax Rate	41.77%	41.45%	21.37%	28.10%	22.10%	28.83%

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