Reliance 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	13,922	13,835	14,806	17,025	14,093	8,812
Revenue Growth (YoY)	-0.88%	-6.56%	-13.03%	20.80%	59.94%	-19.70%
Cost of Revenue	9,870	9,722	10,258	11,766	9,589	5,999
Gross Profit	4,053	4,113	4,548	5,259	4,504	2,813
Selling, General & Admin	2,750	2,656	2,556	2,511	2,307	1,885
Operating Expenses	3,029	2,925	2,801	2,751	2,537	2,112
Operating Income	1,024	1,188	1,746	2,508	1,967	701.4
Interest Expense	-50.2	-40.3	-40.1	-62.3	-62.7	-62.9
Interest & Investment Income	20.7	20.7	35.2	9.3	-	-
Currency Exchange Gain (Loss)	1.9	1.9	-1.3	-6.2	-4	-2.3
Other Non Operating Income (Expenses)	-18.5	-8.2	0.8	-10.4	0.9	-0.2
EBT Excluding Unusual Items	977.5	1,162	1,741	2,439	1,902	636
Merger & Restructuring Charges	-25	-17.8	-0.2	-8.1	-13.7	-149.1
Asset Writedown	-0.5	-0.5	-	-	-4.7	-8.7
Other Unusual Items	-4.1	-4.1	-	-	-	-
Pretax Income	947.9	1,140	1,741	2,430	1,883	478.2
Income Tax Expense	217.2	261.9	400.6	586.2	465.7	105.8
Earnings From Continuing Operations	730.7	878	1,340	1,844	1,417	372.4
Minority Interest in Earnings	-2.5	-2.8	-4.2	-4.1	-4.4	-3.3
Net Income	728.2	875.2	1,336	1,840	1,413	369.1
Net Income to Common	728.2	875.2	1,336	1,840	1,413	369.1
Net Income Growth	-30.15%	-34.49%	-27.40%	30.23%	282.82%	-47.38%
Shares Outstanding (Basic)	53	56	58	61	63	64
Shares Outstanding (Diluted)	53	56	59	61	64	65
Shares Change (YoY)	-6.49%	-4.69%	-4.03%	-4.40%	-1.43%	-3.82%
EPS (Basic)	13.72	15.70	22.90	30.39	22.35	5.74
EPS (Diluted)	13.63	15.56	22.64	29.92	21.97	5.66
EPS Growth	-25.32%	-31.27%	-24.33%	36.19%	288.16%	-45.26%
Free Cash Flow	662	999.2	1,203	1,777	562.8	1,001
Free Cash Flow Per Share	12.39	17.77	20.38	28.89	8.75	15.34
Dividend Per Share	4.700	4.400	4.000	3.500	2.750	2.500
Dividend Growth	9.30%	10.00%	14.29%	27.27%	10.00%	13.64%
Gross Margin	29.11%	29.73%	30.71%	30.89%	31.96%	31.93%
Operating Margin	7.35%	8.59%	11.79%	14.73%	13.96%	7.96%
Profit Margin	5.23%	6.33%	9.02%	10.81%	10.03%	4.19%
Free Cash Flow Margin	4.75%	7.22%	8.12%	10.44%	3.99%	11.36%
EBITDA	1,303	1,457	1,992	2,748	2,198	928.7
EBITDA Margin	9.36%	10.53%	13.45%	16.14%	15.59%	10.54%
D&A For EBITDA	279.5	268.7	245.4	240.2	230.2	227.3
EBIT	1,024	1,188	1,746	2,508	1,967	701.4
EBIT Margin	7.35%	8.59%	11.79%	14.73%	13.96%	7.96%
Effective Tax Rate	22.91%	22.98%	23.01%	24.12%	24.73%	22.13%

Updated Oct 22, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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