Mercuria 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	4,636	5,565	5,842	4,598	4,169
Revenue Growth (YoY)	1.31%	-4.74%	27.05%	10.29%	-
Cost of Revenue	1,049	1,039	1,809	203	531
Gross Profit	3,587	4,526	4,033	4,395	3,638
Selling, General & Admin	3,269	3,551	2,689	2,340	1,875
Operating Expenses	3,269	3,551	2,689	2,340	1,875
Operating Income	318	975	1,344	2,055	1,763
Interest Expense	-6	-4	-7	-10	-16
Interest & Investment Income	45	35	60	7	7
Earnings From Equity Investments	24	24	63	-	-
Currency Exchange Gain (Loss)	56	129	74	157	83
Other Non Operating Income (Expenses)	1	-4	-15	-3	-22
EBT Excluding Unusual Items	438	1,155	1,519	2,206	1,815
Gain (Loss) on Sale of Investments	-	-	-19	-	-
Pretax Income	438	1,155	1,500	2,206	1,815
Income Tax Expense	289	551	299	501	425
Earnings From Continuing Operations	149	604	1,201	1,705	1,390
Minority Interest in Earnings	-81	-99	-146	-143	-86
Net Income	68	505	1,055	1,562	1,304
Net Income to Common	68	505	1,055	1,562	1,304
Net Income Growth	-91.65%	-52.13%	-32.46%	19.79%	-
Shares Outstanding (Basic)	19	19	20	20	17
Shares Outstanding (Diluted)	19	19	20	20	17
Shares Change (YoY)	-0.08%	-1.18%	-4.34%	20.49%	-
EPS (Basic)	3.52	26.12	53.99	76.45	77.09
EPS (Diluted)	3.52	26.12	53.85	76.30	76.74
EPS Growth	-91.63%	-51.50%	-29.42%	-0.57%	-
Free Cash Flow	-	653	1,190	-371	145
Free Cash Flow Per Share	-	33.73	60.74	-18.11	8.53
Dividend Per Share	22.000	22.000	21.000	20.000	20.000
Dividend Growth	4.76%	4.76%	5.00%	-	-
Gross Margin	77.37%	81.33%	69.03%	95.58%	87.26%
Operating Margin	6.86%	17.52%	23.01%	44.69%	42.29%
Profit Margin	1.47%	9.07%	18.06%	33.97%	31.28%
Free Cash Flow Margin	-	11.73%	20.37%	-8.07%	3.48%
EBITDA	405.5	1,055	1,414	2,121	1,815
EBITDA Margin	8.75%	18.96%	24.20%	46.13%	43.54%
D&A For EBITDA	87.5	80	70	66	52
EBIT	318	975	1,344	2,055	1,763
EBIT Margin	6.86%	17.52%	23.01%	44.69%	42.29%
Effective Tax Rate	65.98%	47.71%	19.93%	22.71%	23.42%

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