Power Solutions, Ltd. (TYO:4450)

Power Solutions Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	8,099	6,748	5,931	5,313	3,801
Revenue Growth (YoY)	20.02%	13.78%	11.63%	39.78%	-
Cost of Revenue	5,321	4,495	3,925	3,535	2,525
Gross Profit	2,778	2,253	2,006	1,778	1,276
Selling, General & Admin	2,065	1,724	1,532	1,306	914
Operating Expenses	2,065	1,724	1,532	1,307	906
Operating Income	713	529	474	471	370
Interest Expense	-3	-4	-3	-	-
Interest & Investment Income	2	-	147	-	8
Earnings From Equity Investments	-3	-2	-	-	-
Other Non Operating Income (Expenses)	-7	-14	8	-2	-
EBT Excluding Unusual Items	702	509	626	469	378
Other Unusual Items	-23	-	-	-	-
Pretax Income	679	509	626	469	378
Income Tax Expense	250	183	180	151	125
Earnings From Continuing Operations	429	326	446	318	253
Minority Interest in Earnings	-41	1	-	-	-
Net Income	388	327	446	318	253
Net Income to Common	388	327	446	318	253
Net Income Growth	18.65%	-26.68%	40.25%	25.69%	-
Shares Outstanding (Basic)	3	3	3	3	3
Shares Outstanding (Diluted)	3	3	3	3	3
Shares Change (YoY)	3.73%	1.49%	1.73%	2.45%	-
EPS (Basic)	127.48	112.80	156.83	114.11	93.09
EPS (Diluted)	123.00	107.67	148.99	108.05	88.18
EPS Growth	14.24%	-27.73%	37.90%	22.53%	-
Free Cash Flow	1,066	-136	-99	427	365
Free Cash Flow Per Share	337.87	-44.71	-33.03	144.95	126.94
Dividend Per Share	25.000	22.000	-	-	-
Dividend Growth	13.64%	-	-	-	-
Gross Margin	34.30%	33.39%	33.82%	33.47%	33.57%
Operating Margin	8.80%	7.84%	7.99%	8.87%	9.73%
Profit Margin	4.79%	4.85%	7.52%	5.99%	6.66%
Free Cash Flow Margin	13.16%	-2.02%	-1.67%	8.04%	9.60%
EBITDA	829	620	542	562	444
EBITDA Margin	10.24%	9.19%	9.14%	10.58%	11.68%
D&A For EBITDA	116	91	68	91	74
EBIT	713	529	474	471	370
EBIT Margin	8.80%	7.84%	7.99%	8.87%	9.73%
Effective Tax Rate	36.82%	35.95%	28.75%	32.20%	33.07%

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