abrdn Asian Income Fund Limited

LSE:AAIF.LFinancial Services

——At close · Market cap —

AAIF.L · Income statement · TradingHolo

GBP millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	50.8	49.2	(7.2)	15.6	37.6	82.9	+120.5%
Cost of revenue	3.3	3.7	1.2	2.0	1.9	2.5	+27.7%
Gross profit	47.5	45.5	(7.2)	15.6	37.6	80.4	+113.9%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	3.9	0.9	4.2	3.9	1.0	1.1	+7.1%
Selling & marketing	0.2	0.2	0.2	0.2	0.3	0.3	+13.3%
Operating expenses	3.9	4.4	4.2	3.9	1.1	3.6	+243.4%
Operating income	50.6	49.2	(11.4)	11.7	39.2	76.8	+95.6%
Interest expense	0.8	0.6	1.2	2.0	1.9	1.7	−14.6%
Interest income	0.3	0.3	0.4	0.5	0.3	26.0	+7895.7%
Other income / expense	(0.6)	(0.9)	(4.4)	(1.3)	(2.7)	(1.5)	+43.4%
Pre-tax income	50.0	48.3	(15.8)	10.4	36.5	75.2	+106.0%
Income tax	2.1	3.0	1.3	1.6	2.3	1.3	−45.7%
Net income	47.9	45.3	(17.1)	8.7	34.2	74.0	+116.2%
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)	0.27	0.26	(0.10)	0.05	0.21	0.51	+142.9%
EPS, diluted (per share)	0.27	0.26	(0.10)	0.05	0.21	0.51	+142.9%
EBITDA	50.6	49.2	(14.6)	11.7	39.2	76.9	+95.9%
Depreciation & amortization	0.0	0.0	0.0	0.0	0.0	0.0	—
Weighted average shares (shares)	176,666,175	175,057,061	170,412,901	168,693,861	159,233,450	145,160,512	−8.8%
Weighted average diluted shares (shares)	176,666,175	175,057,061	170,411,839	168,693,861	159,233,450	145,160,512	−8.8%
Gross margin	93.6%	92.5%	100.0%	100.0%	100.0%	97.0%	−3.0 pts
Operating margin	99.6%	100.0%	158.5%	74.9%	104.4%	92.6%	−11.8 pts
Net margin	94.3%	92.1%	237.3%	56.1%	91.1%	89.3%	−1.8 pts

GBP millionsUpdated 31 Dec 2025 ·

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