Income Statement Capital Gearing Trust p.l.c

Equities

CGT

GB0001738615

Investment Trusts

Market Closed - London S.E. Other stock markets 11:35:05 2026-02-12 am EST			5-day change	1st Jan Change
4,990.00 ^GBX	0.00%		+0.60%	+1.22%

Jan. 14	Capital Gearing Trust p.l.c, Q4 2025 Earnings Call, Jan 13, 2026
Dec. 12	Capital Gearing Trust p.l.c - Analyst/Investor Day

0162d5a860f8.a_5L2GLNGxgfT7hwUzCzlhrpTP7jJYj-OdGrc2yGZHA.Ks8EuQ-rKy1sLOBCBFX15Um2IbmxVvCEe5njSzzgFzgjpCm7MJ1waVcE7Q

Published financial data: CAPITAL GEARING TRUST P.L.C

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Gain (Loss) on Sale of Investment, Total (Rev)	57.45M	57.88M	-68.45M	-3.11M	13.06M
Interest And Invest. Income (Rev)	9.94M	14.68M	24.85M	25.14M	26.69M
Other Revenues, Total	-	-	93K	400K	339K
Total Revenues	67.39M	72.55M	-43.51M	22.43M	40.09M
Gross Profit	67.39M	72.55M	-43.51M	22.43M	40.09M
Selling General & Admin Expenses, Total	3.22M	4.35M	5.59M	5.37M	5.46M
Other Operating Expenses, Total	3.22M	4.35M	5.59M	5.37M	5.46M
Operating Income	64.18M	68.2M	-49.1M	17.06M	34.63M
Currency Exchange Gains (Loss)	-116K	530K	-547K	-109K	1.4M
EBT, Excl. Unusual Items	64.06M	68.73M	-49.65M	16.96M	36.03M
EBT, Incl. Unusual Items	64.06M	68.73M	-49.65M	16.96M	36.03M
Income Tax Expense	396K	510K	1.74M	3.22M	43K
Earnings From Continuing Operations	63.67M	68.22M	-51.39M	13.74M	35.99M
Net Income to Company	63.67M	68.22M	-51.39M	13.74M	35.99M
Net Income - (IS)	63.67M	68.22M	-51.39M	13.74M	35.99M
Net Income to Common Incl Extra Items	63.67M	68.22M	-51.39M	13.74M	35.99M
Net Income to Common Excl. Extra Items	63.67M	68.22M	-51.39M	13.74M	35.99M
Per Share Items
Net EPS - Basic	5.13	3.95	-2.06	0.56	1.8
Basic EPS - Continuing Operations	5.13	3.95	-2.06	0.56	1.8
Basic Weighted Average Shares Outstanding	12.4M	17.27M	24.91M	24.31M	20.01M
Net EPS - Diluted	5.13	3.95	-2.06	0.56	1.8
Diluted EPS - Continuing Operations	5.13	3.95	-2.06	0.56	1.8
Diluted Weighted Average Shares Outstanding	12.4M	17.27M	24.91M	24.31M	20.01M
Normalized Basic EPS	3.23	2.49	-1.25	0.44	1.13
Normalized Diluted EPS	3.23	2.49	-1.25	0.44	1.13
Dividend Per Share	0.45	0.46	0.6	0.78	1.02
Payout Ratio	4.58	9.93	-20.54	113.41	46.12
Supplemental Items
EBITA	64.18M	68.2M	-49.1M	17.06M	34.63M
EBIT	64.18M	68.2M	-49.1M	17.06M	34.63M
Total Revenues (As Reported)	67.28M	73.08M	-44.06M	22.32M	41.5M
Effective Tax Rate - (Ratio)	0.62	0.74	-3.5	18.99	0.12
Total Current Taxes	396K	510K	1.74M	3.22M	43K
Normalized Net Income	40.04M	42.96M	-31.03M	10.6M	22.52M
Supplemental Operating Expense Items
General and Administrative Expenses	2.6M	3.63M	4.62M	4.3M	3.95M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	37.24M	50.61M	13.77M	11.64M	42.86M
Total Cash And Short Term Investments	37.24M	50.61M	13.77M	11.64M	42.86M
Other Receivables	2.78M	13.34M	7.71M	4.41M	8.29M
Total Receivables	2.78M	13.34M	7.71M	4.41M	8.29M
Prepaid Expenses	1.12M	2.04M	186K	89K	91K
Total Current Assets	41.14M	66M	21.66M	16.14M	51.24M
Long-term Investments	594M	992M	1.25B	1.05B	860M
Total Assets	635M	1.06B	1.27B	1.07B	912M
Liabilities
Accrued Expenses, Total	819K	1.17M	12.72M	9.59M	26.6M
Current Income Taxes Payable	342K	243K	1M	141K	-
Other Current Liabilities	160K	6.64M	20K	27K	17K
Total Current Liabilities	1.32M	8.06M	13.74M	9.76M	26.62M
Total Liabilities	1.32M	8.06M	13.74M	9.76M	26.62M
Common Stock, Total	3.45M	5.22M	6.64M	6.64M	6.64M
Additional Paid In Capital	463M	816M	1.1B	-	-
Retained Earnings	167M	229M	151M	16.11M	35.5M
Comprehensive Income and Other	16K	16K	16K	1.04B	843M
Total Common Equity	634M	1.05B	1.26B	1.06B	885M
Total Equity	634M	1.05B	1.26B	1.06B	885M
Total Liabilities And Equity	635M	1.06B	1.27B	1.07B	912M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	13.81M	20.89M	26.04M	21.38M	17.6M
ECS Total Common Shares Outstanding	13.81M	20.89M	26.26M	22.04M	17.97M
Book Value / Share	45.9	50.25	47.97	48.11	49.25
Tangible Book Value	634M	1.05B	1.26B	1.06B	885M
Tangible Book Value Per Share	45.9	50.25	47.97	48.11	49.25
Total Debt	0	0	0	0	0
Net Debt	-37.24M	-50.61M	-13.77M	-11.64M	-42.86M
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	63.67M	68.22M	-51.39M	13.74M	35.99M
Other Operating Activities, Total	-56.53M	-57.96M	69.31M	2.25M	-15.27M
Change In Income Taxes	-5K	-3K	-10K	4K	-
Change in Other Net Operating Assets	126K	-495K	-1.42M	-5.38M	-9.98M
Cash from Operations	7.26M	9.76M	16.5M	10.61M	10.74M
Investment in Marketable and Equity Securities, Total	-103M	-337M	-324M	197M	235M
Other Investing Activities, Total	-	-	-	-	-1.58M
Cash from Investing	-103M	-337M	-324M	197M	234M
Issuance of Common Stock	104M	348M	297M	-	-
Repurchase of Common Stock	-	-	-15.32M	-191M	-197M
Common Dividends Paid	-2.92M	-6.77M	-10.56M	-15.58M	-16.6M
Common & Preferred Stock Dividends Paid	-2.92M	-6.77M	-10.56M	-15.58M	-16.6M
Special Dividend Paid	-1.98M	-	-	-2.58M	-
Other Financing Activities, Total	-134K	-676K	-1.04M	-	-
Cash from Financing	98.92M	341M	270M	-209M	-213M
Net Change in Cash	3.6M	13.37M	-36.84M	-2.12M	31.22M
Supplemental Items
Cash Income Tax Paid (Refund)	90K	596K	874K	4.04M	857K
Levered Free Cash Flow	29.1M	37.87M	-17.51M	10.08M	34.62M
Unlevered Free Cash Flow	29.1M	37.87M	-17.51M	10.08M	34.62M
Change In Net Working Capital	11.01M	4.76M	-13.18M	586K	-12.98M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	7.19	5.03	-2.63	0.91	2.18
Return on Total Capital	7.27	5.06	-2.66	0.92	2.23
Return On Equity %	11.53	8.1	-4.45	1.18	3.7
Return on Common Equity	11.53	8.1	-4.45	1.18	3.7
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	4.77	6	-12.86	23.93	13.63
EBITA Margin %	95.23	94	112.86	76.07	86.37
EBIT Margin %	95.23	94	112.86	76.07	86.37
Income From Continuing Operations Margin %	94.47	94.03	118.11	61.23	89.77
Net Income Margin %	94.47	94.03	118.11	61.23	89.77
Net Avail. For Common Margin %	94.47	94.03	118.11	61.23	89.77
Normalized Net Income Margin	59.41	59.21	71.32	47.24	56.17
Levered Free Cash Flow Margin	43.19	52.19	40.25	44.93	86.36
Unlevered Free Cash Flow Margin	43.19	52.19	40.25	44.93	86.36
Asset Turnover
Asset Turnover	0.12	0.09	-0.04	0.02	0.04
Short Term Liquidity
Current Ratio	31.14	8.19	1.58	1.65	1.92
Quick Ratio	30.3	7.94	1.56	1.64	1.92
Operating Cash Flow to Current Liabilities	5.49	1.21	1.2	1.09	0.4
Long Term Solvency
Total Liabilities / Total Assets	0.21	0.76	1.08	0.91	2.92
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.36K	7.65	-159.97	-151.56	78.73
Gross Profit, 1 Yr. Growth %	-2.36K	7.65	-159.97	-151.56	78.73
EBITA, 1 Yr. Growth %	-1.23K	6.26	-172	-134.75	102.94
EBIT, 1 Yr. Growth %	-1.23K	6.26	-172	-134.75	102.94
Earnings From Cont. Operations, 1 Yr. Growth %	-1.26K	7.15	-175.33	-126.73	162.04
Net Income, 1 Yr. Growth %	-1.26K	7.15	-175.33	-126.73	162.04
Normalized Net Income, 1 Yr. Growth %	-1.29K	7.28	-172.24	-134.15	112.53
Diluted EPS Before Extra, 1 Yr. Growth %	-1.03K	-23.07	-152.23	-127.38	218.37
Total Assets, 1 Yr. Growth %	32.17	66.5	20.38	-15.98	-14.79
Tangible Book Value, 1 Yr. Growth %	34.89	65.58	19.99	-15.84	-16.52
Common Equity, 1 Yr. Growth %	34.89	65.58	19.99	-15.84	-16.52
Cash From Operations, 1 Yr. Growth %	20.83	34.5	69.06	-35.68	1.21
Levered Free Cash Flow, 1 Yr. Growth %	728.59	30.11	-146.24	-157.56	243.51
Unlevered Free Cash Flow, 1 Yr. Growth %	728.59	30.11	-146.24	-157.56	243.51
Dividend Per Share, 1 Yr. Growth %	80	2.22	30.43	30	30.77
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	85.14	393.09	-19.65	-44.4	-4.01
Gross Profit, 2 Yr. CAGR %	85.14	393.09	-19.65	-44.4	-4.01
EBITA, 2 Yr. CAGR %	89.76	246.87	-12.53	-49.98	-16.02
EBIT, 2 Yr. CAGR %	89.76	246.87	-12.53	-49.98	-16.02
Earnings From Cont. Operations, 2 Yr. CAGR %	89.08	252.86	-10.16	-55.13	-16.31
Net Income, 2 Yr. CAGR %	89.08	252.86	-10.16	-55.13	-16.31
Normalized Net Income, 2 Yr. CAGR %	89.53	257.45	-11.96	-50.33	-14.81
Diluted EPS Before Extra, 2 Yr. CAGR %	38.3	167.06	-36.61	-62.18	-6.63
Total Assets, 2 Yr. CAGR %	39.56	48.35	41.57	0.57	-15.39
Tangible Book Value, 2 Yr. CAGR %	40.34	49.45	40.95	0.49	-16.18
Common Equity, 2 Yr. CAGR %	40.34	49.45	40.95	0.49	-16.18
Cash From Operations, 2 Yr. CAGR %	57.21	27.48	50.79	4.28	-19.32
Levered Free Cash Flow, 2 Yr. CAGR %	50.16	228.34	-22.43	-48.41	40.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	50.16	228.34	-22.43	-48.41	40.61
Dividend Per Share, 2 Yr. CAGR %	39.88	35.65	15.47	30.22	30.38
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	245.58	54.53	144.3	-30.7	-17.94
Gross Profit, 3 Yr. CAGR %	245.58	54.53	144.3	-30.7	-17.94
EBITA, 3 Yr. CAGR %	694.44	56.41	105.38	-35.7	-20.22
EBIT, 3 Yr. CAGR %	694.44	56.41	105.38	-35.7	-20.22
Earnings From Cont. Operations, 3 Yr. CAGR %	864.31	56.47	110.89	-40.02	-19.2
Net Income, 3 Yr. CAGR %	864.31	56.47	110.89	-40.02	-19.2
Normalized Net Income, 3 Yr. CAGR %	927.82	56.78	109.77	-35.8	-19.36
Diluted EPS Before Extra, 3 Yr. CAGR %	614.82	13.74	55.02	-52.08	-23.07
Total Assets, 3 Yr. CAGR %	42.36	48.02	38.37	18.97	-4.84
Tangible Book Value, 3 Yr. CAGR %	42.41	48.29	38.9	18.69	-5.53
Common Equity, 3 Yr. CAGR %	42.41	48.29	38.9	18.69	-5.53
Cash From Operations, 3 Yr. CAGR %	81.98	49.24	40.06	13.51	3.24
Levered Free Cash Flow, 3 Yr. CAGR %	260.16	43.16	70.83	-29.78	-2.94
Unlevered Free Cash Flow, 3 Yr. CAGR %	260.16	43.16	70.83	-29.78	-2.94
Dividend Per Share, 3 Yr. CAGR %	28.92	25.99	33.89	20.12	30.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	73.93	33.01	92.81	2.67	68.13
Gross Profit, 5 Yr. CAGR %	73.93	33.01	92.81	2.67	68.13
EBITA, 5 Yr. CAGR %	81.95	33.31	228.69	-0.87	43.62
EBIT, 5 Yr. CAGR %	81.95	33.31	228.69	-0.87	43.62
Earnings From Cont. Operations, 5 Yr. CAGR %	83.08	33.29	273.18	-5.06	45.71
Net Income, 5 Yr. CAGR %	83.08	33.29	273.18	-5.06	45.71
Normalized Net Income, 5 Yr. CAGR %	83.31	33.48	284.61	-1	46.29
Diluted EPS Before Extra, 5 Yr. CAGR %	37.61	-1.45	171.22	-26.78	26.57
Total Assets, 5 Yr. CAGR %	42.46	44.08	42.05	26.82	13.66
Tangible Book Value, 5 Yr. CAGR %	42.5	44.02	41.82	26.92	13.49
Common Equity, 5 Yr. CAGR %	42.5	44.02	41.82	26.92	13.49
Cash From Operations, 5 Yr. CAGR %	260	117.18	68.8	29.3	12.33
Levered Free Cash Flow, 5 Yr. CAGR %	71.77	29.16	94.88	-4.83	58.03
Unlevered Free Cash Flow, 5 Yr. CAGR %	71.77	29.16	94.88	-4.83	58.03
Dividend Per Share, 5 Yr. CAGR %	17.61	18.13	23.36	27.67	32.47