Tharisa plc (JSE:THA)

Tharisa Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Revenue	602.91	721.39	649.89	686	596.35
Revenue Growth (YoY)	-16.42%	11.00%	-5.26%	15.03%	46.88%
Cost of Revenue	411.27	537.04	495.11	441.16	383.98
Gross Profit	191.64	184.36	154.79	244.84	212.37
Selling, General & Admin	59.88	58.62	50.36	45.18	41.45
Research & Development	0.34	1.03	1.25	0.69	0.61
Amortization of Goodwill & Intangibles	0.01	0	0	-	-
Other Operating Expenses	2.45	1.66	-0.77	1.41	1.28
Operating Expenses	66.22	64.76	53.05	49.54	44.45
Operating Income	125.42	119.6	101.74	195.3	167.92
Interest Expense	-7.42	-9.89	-5.66	-3.02	-3.35
Interest & Investment Income	8.39	8.6	4.77	1.38	1.39
Earnings From Equity Investments	0.03	-	-	-5.23	-0.25
Currency Exchange Gain (Loss)	1.84	0.53	-3.59	2.3	15.11
Other Non Operating Income (Expenses)	-8.01	-0.36	15.38	-0.24	-1.16
EBT Excluding Unusual Items	120.24	118.49	112.64	190.49	179.67
Impairment of Goodwill	-0.15	-	-	-1.85	-
Gain (Loss) on Sale of Investments	0.4	0.85	5.15	-5.63	10.54
Gain (Loss) on Sale of Assets	0.16	0.06	-	-1.48	-
Asset Writedown	-3.08	-1.94	-3.45	-9.69	-4.95
Other Unusual Items	-	-	-	48.39	-
Pretax Income	117.57	117.68	114.34	220.22	185.26
Income Tax Expense	36.72	35.04	27.56	53.07	53.71
Earnings From Continuing Operations	80.85	82.64	86.78	167.16	131.54
Minority Interest in Earnings	-1.72	0.25	-4.54	-13.28	-31.07
Net Income	79.13	82.9	82.24	153.88	100.47
Net Income to Common	79.13	82.9	82.24	153.88	100.47
Net Income Growth	-4.54%	0.80%	-46.56%	53.16%	132.05%
Shares Outstanding (Basic)	296	299	300	286	269
Shares Outstanding (Diluted)	305	307	303	286	269
Shares Change (YoY)	-0.86%	1.58%	5.88%	6.10%	0.79%
EPS (Basic)	0.27	0.28	0.27	0.54	0.37
EPS (Diluted)	0.26	0.27	0.27	0.54	0.37
EPS Growth	-3.70%	-0.73%	-49.44%	44.24%	130.25%
Free Cash Flow	-19.6	9.55	78.39	68.66	102.36
Free Cash Flow Per Share	-0.06	0.03	0.26	0.24	0.38
Dividend Per Share	0.030	0.045	0.050	0.070	0.090
Dividend Growth	-33.33%	-10.00%	-28.57%	-22.22%	157.14%
Gross Margin	31.79%	25.56%	23.82%	35.69%	35.61%
Operating Margin	20.80%	16.58%	15.65%	28.47%	28.16%
Profit Margin	13.13%	11.49%	12.65%	22.43%	16.85%
Free Cash Flow Margin	-3.25%	1.32%	12.06%	10.01%	17.16%
EBITDA	189.53	173.55	139.62	232.1	200.53
EBITDA Margin	31.44%	24.06%	21.48%	33.83%	33.63%
D&A For EBITDA	64.11	53.95	37.89	36.8	32.6
EBIT	125.42	119.6	101.74	195.3	167.92
EBIT Margin	20.80%	16.58%	15.65%	28.47%	28.16%
Effective Tax Rate	31.23%	29.77%	24.11%	24.10%	28.99%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.