MGP Ingredients 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
Revenue	578.86	703.63	836.52	782.36	626.72	395.52
Revenue Growth (YoY)	-21.53%	-15.89%	6.92%	24.83%	58.45%	9.04%
Cost of Revenue	353.23	417.31	531.81	529.05	448.81	300.5
Gross Profit	225.63	286.32	304.71	253.31	177.91	95.03
Selling, General & Admin	115.91	121.78	127.55	104.34	80	44.57
Operating Expenses	115.91	121.78	127.55	104.34	80	44.57
Operating Income	109.72	164.53	177.16	148.97	97.91	50.46
Interest Expense	-7.53	-8.44	-6.65	-5.45	-4.04	-2.27
Earnings From Equity Investments	1.25	1.83	-0.34	-2.22	-	-
Other Non Operating Income (Expenses)	0.25	0.63	0.12	-1.12	-1.23	0.63
EBT Excluding Unusual Items	103.68	158.55	170.3	140.17	92.64	48.82
Merger & Restructuring Charges	-0.12	-0.25	-21.45	-	-11.46	-
Impairment of Goodwill	-73.76	-73.76	-	-	-	-
Other Unusual Items	-25.7	-16.1	-7.1	-	-	-
Pretax Income	4.11	68.44	141.75	140.17	121.1	52.6
Income Tax Expense	19.31	33.98	34.62	31.3	30.28	12.26
Earnings From Continuing Operations	-15.2	34.47	107.13	108.87	90.82	40.35
Minority Interest in Earnings	0.06	0.2	0.35	0.59	0.49	-
Net Income	-15.14	34.66	107.48	109.46	91.31	40.35
Preferred Dividends & Other Adjustments	-0.13	0.37	1.07	0.87	0.71	0.26
Net Income to Common	-15.01	34.29	106.4	108.59	90.6	40.08
Net Income Growth	-	-67.75%	-1.81%	19.88%	126.32%	4.00%
Shares Outstanding (Basic)	21	22	22	22	21	17
Shares Outstanding (Diluted)	21	22	22	22	21	17
Shares Change (YoY)	-2.94%	-0.71%	0.54%	6.44%	22.33%	-0.44%
EPS (Basic)	-0.70	1.56	4.82	4.94	4.37	2.37
EPS (Diluted)	-0.70	1.56	4.80	4.92	4.37	2.37
EPS Growth	-	-67.55%	-2.44%	12.59%	84.65%	4.47%
Free Cash Flow	62.21	31.1	28.52	43.61	40.87	33.55
Free Cash Flow Per Share	2.90	1.41	1.29	1.98	1.97	1.98
Dividend Per Share	0.480	0.480	0.480	0.480	0.480	0.480
Dividend Growth	-	-	-	-	-	20.00%
Gross Margin	38.98%	40.69%	36.43%	32.38%	28.39%	24.03%
Operating Margin	18.95%	23.38%	21.18%	19.04%	15.62%	12.76%
Profit Margin	-2.59%	4.87%	12.72%	13.88%	14.46%	10.13%
Free Cash Flow Margin	10.75%	4.42%	3.41%	5.58%	6.52%	8.48%
EBITDA	133.23	186.52	199.28	170.42	117	63.42
EBITDA Margin	23.02%	26.51%	23.82%	21.78%	18.67%	16.04%
D&A For EBITDA	23.52	21.99	22.11	21.46	19.09	12.96
EBIT	109.72	164.53	177.16	148.97	97.91	50.46
EBIT Margin	18.95%	23.38%	21.18%	19.04%	15.62%	12.76%
Effective Tax Rate	469.89%	49.64%	24.42%	22.33%	25.00%	23.30%
Advertising Expenses	-	40.51	38.21	29.71	16.1	2.71

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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