Brunner Investment Trust PLC

LSE:44GL.LFinancial Services

——At close · Market cap —

44GL.L · Income statement · TradingHolo

GBP millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	31.2	93.9	8.9	46.7	102.7	61.7	−39.9%
Cost of revenue	1.9	2.3	2.4	2.5	1.4	2.9	+110.2%
Gross profit	29.2	91.6	6.5	44.2	98.3	58.8	−40.2%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	0.7	0.7	0.8	0.9	1.0	0.0	−100.0%
Selling & marketing	0.0	0.0	0.0	0.4	0.4	0.0	−100.0%
Operating expenses	0.7	0.7	0.8	0.9	1.0	0.9	−3.0%
Operating income	28.7	90.9	5.8	43.4	99.0	57.8	−41.6%
Interest expense	0.9	0.8	1.0	1.3	1.4	1.1	−24.3%
Interest income	0.0	11.5	0.0	0.2	0.2	15.2	+9344.2%
Other income / expense	(0.9)	(0.9)	(1.0)	(1.6)	(1.6)	(1.2)	+23.9%
Pre-tax income	27.7	90.1	4.8	41.8	97.4	56.6	−41.9%
Income tax	0.9	1.1	1.2	1.2	1.3	1.1	−20.1%
Net income	26.9	88.9	3.6	40.6	96.1	55.6	−42.2%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	0.63	2.08	0.08	0.95	2.25	1.28	−43.1%
EPS, diluted (per share)	0.63	2.08	0.08	0.95	2.25	1.28	−43.1%
EBITDA	28.7	90.9	5.8	43.4	99.0	57.7	−41.7%
Depreciation & amortization	0.0	0.2	0.0	0.0	0.0	0.0	—
Weighted average shares (shares)	42,692,727	42,692,727	42,692,727	42,692,727	42,701,544	43,240,399	+1.3%
Weighted average diluted shares (shares)	42,692,727	42,692,727	42,692,727	42,692,727	42,701,544	43,240,399	+1.3%
Gross margin	93.9%	97.5%	73.0%	94.7%	95.8%	95.3%	−0.5 pts
Operating margin	92.0%	96.9%	65.3%	93.0%	96.4%	93.8%	−2.6 pts
Net margin	86.2%	94.7%	40.8%	87.1%	93.5%	90.1%	−3.5 pts

GBP millionsUpdated 30 Nov 2025 ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.