Appier Group 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	43,737	34,057	26,418	19,426	12,660
Revenue Growth (YoY)	28.42%	28.92%	35.99%	53.44%	41.14%
Cost of Revenue	20,219	16,255	12,710	9,428	6,422
Gross Profit	23,518	17,802	13,708	9,998	6,238
Selling, General & Admin	15,586	11,532	10,092	7,996	5,671
Research & Development	5,343	4,650	3,140	2,283	1,710
Other Operating Expenses	-387	-70	-70	-253	-16
Operating Expenses	20,542	16,112	13,162	10,026	7,365
Operating Income	2,976	1,690	546	-28	-1,127
Interest Expense	-464	-73	-94	-72	-35
Interest & Investment Income	162	448	546	213	43
Currency Exchange Gain (Loss)	-	-294	-188	-79	-60
Other Non Operating Income (Expenses)	-	2	-1	8	9
EBT Excluding Unusual Items	2,674	1,773	809	42	-1,170
Gain (Loss) on Sale of Investments	-	289	252	68	-
Pretax Income	2,674	2,062	1,061	110	-1,170
Income Tax Expense	116	-865	60	89	8
Net Income	2,558	2,927	1,001	21	-1,178
Net Income to Common	2,558	2,927	1,001	21	-1,178
Net Income Growth	-12.61%	192.41%	4666.67%	-	-
Shares Outstanding (Basic)	102	102	102	101	98
Shares Outstanding (Diluted)	102	103	103	103	98
Shares Change (YoY)	-0.44%	0.07%	0.04%	4.30%	8.48%
EPS (Basic)	25.14	28.70	9.85	0.21	-11.96
EPS (Diluted)	24.99	28.47	9.75	0.21	-11.97
EPS Growth	-12.22%	192.00%	4604.06%	-	-
Free Cash Flow	3,253	1,855	2,106	898	-849
Free Cash Flow Per Share	31.78	18.04	20.50	8.74	-8.62
Dividend Per Share	-	2.000	-	-	-
Gross Margin	53.77%	52.27%	51.89%	51.47%	49.27%
Operating Margin	6.80%	4.96%	2.07%	-0.14%	-8.90%
Profit Margin	5.85%	8.59%	3.79%	0.11%	-9.30%
Free Cash Flow Margin	7.44%	5.45%	7.97%	4.62%	-6.71%
EBITDA	6,851	4,620	2,574	1,278	-408
EBITDA Margin	15.66%	13.56%	9.74%	6.58%	-3.22%
D&A For EBITDA	3,875	2,930	2,028	1,306	719
EBIT	2,976	1,690	546	-28	-1,127
EBIT Margin	6.80%	4.96%	2.07%	-0.14%	-8.90%
Effective Tax Rate	4.34%	-	5.66%	80.91%	-

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