Mercuria Holdings 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	7,215	5,565	5,842	4,598	4,169
Revenue Growth (YoY)	29.65%	-4.74%	27.05%	10.29%	-
Cost of Revenue	480	1,039	1,809	203	531
Gross Profit	6,735	4,526	4,033	4,395	3,638
Selling, General & Admin	4,220	3,551	2,689	2,340	1,875
Operating Expenses	4,220	3,551	2,689	2,340	1,875
Operating Income	2,515	975	1,344	2,055	1,763
Interest Expense	-9	-4	-7	-10	-16
Interest & Investment Income	26	35	60	7	7
Earnings From Equity Investments	23	24	63	-	-
Currency Exchange Gain (Loss)	-5	129	74	157	83
Other Non Operating Income (Expenses)	2	-4	-15	-3	-22
EBT Excluding Unusual Items	2,552	1,155	1,519	2,206	1,815
Gain (Loss) on Sale of Investments	-	-	-19	-	-
Pretax Income	2,552	1,155	1,500	2,206	1,815
Income Tax Expense	771	551	299	501	425
Earnings From Continuing Operations	1,781	604	1,201	1,705	1,390
Minority Interest in Earnings	-97	-99	-146	-143	-86
Net Income	1,684	505	1,055	1,562	1,304
Net Income to Common	1,684	505	1,055	1,562	1,304
Net Income Growth	233.46%	-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)	-0.06%	-1.18%	-4.34%	20.49%	-
EPS (Basic)	87.04	26.12	53.99	76.45	77.09
EPS (Diluted)	87.04	26.12	53.85	76.30	76.74
EPS Growth	233.28%	-51.50%	-29.42%	-0.57%	-
Free Cash Flow	2,382	653	1,190	-371	145
Free Cash Flow Per Share	123.11	33.73	60.74	-18.11	8.53
Dividend Per Share	-	22.000	21.000	20.000	20.000
Dividend Growth	-	4.76%	5.00%	-	-
Gross Margin	93.35%	81.33%	69.03%	95.58%	87.26%
Operating Margin	34.86%	17.52%	23.01%	44.69%	42.29%
Profit Margin	23.34%	9.07%	18.06%	33.97%	31.28%
Free Cash Flow Margin	33.02%	11.73%	20.37%	-8.07%	3.48%
EBITDA	2,593	1,055	1,414	2,121	1,815
EBITDA Margin	35.94%	18.96%	24.20%	46.13%	43.54%
D&A For EBITDA	78	80	70	66	52
EBIT	2,515	975	1,344	2,055	1,763
EBIT Margin	34.86%	17.52%	23.01%	44.69%	42.29%
Effective Tax Rate	30.21%	47.71%	19.93%	22.71%	23.42%

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