Burford Capital Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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	Dec '20 Dec 31, 2020
Operating Revenue	7.12	8.34	7.64	9.12	14.4	17.69
Other Revenue	459.01	553.33	1,071	324.47	207.95	309.64
Revenue	466.13	561.67	1,079	333.58	222.35	327.33
Revenue Growth (YoY)	-37.21%	-47.94%	223.43%	50.03%	-32.07%	-38.80%
Cost of Revenue	10.46	0.8	16.5	8.25	5.3	4.84
Gross Profit	455.68	560.87	1,062	325.34	217.05	322.49
Selling, General & Admin	146.37	145.86	233.61	104.83	134.17	92.35
Amortization of Goodwill & Intangibles	-	-	-	-	-	8.7
Other Operating Expenses	-	-	-	-	-	7.91
Operating Expenses	165.03	154.68	254.74	116.03	143.45	114.24
Operating Income	290.65	406.18	807.66	209.31	73.6	208.24
Interest Expense	-143.57	-135.59	-99.14	-78.26	-58.65	-39.05
Currency Exchange Gain (Loss)	7.04	-17.12	29.76	-14.03	-10.02	11.28
Other Non Operating Income (Expenses)	-0.2	0.12	-0	-8	-0.5	-
EBT Excluding Unusual Items	153.92	253.59	738.28	109.02	4.44	180.48
Other Unusual Items	-	-	-	-	-1.65	-
Pretax Income	153.92	253.59	738.28	109.02	2.79	180.48
Income Tax Expense	18.18	24.01	20.08	11.56	9.73	23.5
Earnings From Continuing Operations	135.74	229.58	718.2	97.46	-6.94	156.98
Minority Interest in Earnings	-48.64	-83.1	-107.68	-66.95	-21.81	-13.7
Net Income	87.1	146.48	610.52	30.51	-28.75	143.28
Net Income to Common	87.1	146.48	610.52	30.51	-28.75	143.28
Net Income Growth	-66.44%	-76.01%	1901.32%	-	-	-52.33%
Shares Outstanding (Basic)	219	219	219	219	219	219
Shares Outstanding (Diluted)	224	223	223	222	219	220
Shares Change (YoY)	0.10%	0.10%	0.55%	1.26%	-0.27%	0.24%
EPS (Basic)	0.40	0.67	2.79	0.14	-0.13	0.65
EPS (Diluted)	0.40	0.66	2.74	0.14	-0.13	0.65
EPS Growth	-65.82%	-75.91%	1864.85%	-	-	-52.55%
Free Cash Flow	31.52	216.06	-277.89	-466.51	-585.65	53.47
Free Cash Flow Per Share	0.14	0.97	-1.25	-2.10	-2.67	0.24
Dividend Per Share	0.125	0.125	0.125	0.125	0.125	0.125
Dividend Growth	-	-	-	-	-	199.76%
Gross Margin	97.76%	99.86%	98.47%	97.53%	97.62%	98.52%
Operating Margin	62.35%	72.32%	74.86%	62.75%	33.10%	63.62%
Profit Margin	18.69%	26.08%	56.59%	9.14%	-12.93%	43.77%
Free Cash Flow Margin	6.76%	38.47%	-25.76%	-139.85%	-263.39%	16.33%
EBITDA	-	-	-	212.5	76.79	218.93
EBITDA Margin	-	-	-	63.70%	34.54%	66.88%
D&A For EBITDA	-	-	-	3.19	3.19	10.69
EBIT	290.65	406.18	807.66	209.31	73.6	208.24
EBIT Margin	62.35%	72.32%	74.86%	62.75%	33.10%	63.62%
Effective Tax Rate	11.81%	9.47%	2.72%	10.60%	348.76%	13.02%
Revenue as Reported	472.97	546.09	1,087	319.23	217.33	327.86

Updated Nov 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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