Alliance Witan Ord

LSE:ALW.LFinancial Services

——At close · Market cap —

ALW.L · Income statement · TradingHolo

GBP millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	243.0	557.1	(220.8)	618.6	519.4	257.9	−50.4%
Cost of revenue	6.8	7.5	8.3	9.4	12.3	16.0	+30.3%
Gross profit	236.3	549.6	(229.1)	609.2	507.2	241.9	−52.3%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	4.8	4.5	4.0	1.4	2.5	4.6	+85.2%
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—
Operating expenses	6.4	6.2	6.8	3.0	4.6	6.8	+49.6%
Operating income	229.9	543.3	(235.9)	606.2	502.6	235.1	−53.2%
Interest expense	6.8	7.5	8.3	9.4	12.3	16.0	+30.3%
Interest income	0.2	0.1	0.3	1.0	1.5	2.9	+96.9%
Other income / expense	0.0	0.0	0.0	0.0	0.0	0.0	—
Pre-tax income	229.9	543.3	(235.9)	606.2	502.6	235.1	−53.2%
Income tax	(0.1)	3.3	6.8	6.5	11.9	10.6	−10.9%
Net income	230.1	540.0	(242.6)	599.7	490.7	224.5	−54.3%
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)	0.71	1.72	(0.81)	2.09	1.58	0.57	−63.9%
EPS, diluted (per share)	0.71	1.72	(0.81)	2.09	1.58	0.57	−63.9%
EBITDA	230.1	543.5	(235.7)	606.2	502.6	235.1	−53.2%
Depreciation & amortization	0.2	0.2	0.2	0.0	0.0	0.0	—
Weighted average shares (shares)	325,943,630	314,504,909	299,027,659	287,573,436	310,079,630	393,986,552	+27.1%
Weighted average diluted shares (shares)	326,057,256	314,508,968	299,027,659	287,573,436	310,079,630	393,986,552	+27.1%
Gross margin	97.2%	98.7%	103.8%	98.5%	97.6%	93.8%	−3.8 pts
Operating margin	94.6%	97.5%	106.8%	98.0%	96.8%	91.2%	−5.6 pts
Net margin	94.7%	96.9%	109.9%	96.9%	94.5%	87.0%	−7.4 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.