Income Statement The Global Smaller Companies Trust PLC

Equities

FCS

GB00BKLXD974

Investment Trusts

Real-time Estimate Cboe Europe Other stock markets 03:17:47 2025-07-10 am EDT			5-day change	1st Jan Change
161.90 ^GBX	+0.12%		-0.25%	-0.12%

Jul. 01	The Global Smaller Companies Trust PLC Reports Earnings Results for the Full Year Ended April 30, 2025	CI
2024	The Global Smaller Companies Trust PLC Reports Earnings Results for the Half Year Ended October 31, 2024	CI

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Published financial data: THE GLOBAL SMALLER COMPANIES TRUST PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: April	2021	2022	2023	2024	2025
Gain (Loss) on Sale of Investment, Total (Rev)	326M	-16.13M	-50.07M	57.05M	-53.7M
Interest And Invest. Income (Rev)	10.98M	14M	17.87M	18.6M	18.69M
Total Revenues	337M	-2.13M	-32.2M	75.65M	-35.01M
Gross Profit	337M	-2.13M	-32.2M	75.65M	-35.01M
Selling General & Admin Expenses, Total	5.13M	5.98M	5.43M	5.5M	5.39M
Other Operating Expenses, Total	5.13M	5.98M	5.43M	5.5M	5.39M
Operating Income	332M	-8.11M	-37.62M	70.15M	-40.4M
Interest Expense, Total	-797K	-932K	-1.08M	-1.56M	-1.51M
Net Interest Expenses	-797K	-932K	-1.08M	-1.56M	-1.51M
Currency Exchange Gains (Loss)	-1.74M	533K	109K	325K	375K
EBT, Excl. Unusual Items	329M	-8.51M	-38.59M	68.91M	-41.54M
EBT, Incl. Unusual Items	329M	-8.51M	-38.59M	68.91M	-41.54M
Income Tax Expense	665K	754K	1.17M	1.32M	1.04M
Earnings From Continuing Operations	328M	-9.26M	-39.76M	67.59M	-42.58M
Net Income to Company	328M	-9.26M	-39.76M	67.59M	-42.58M
Net Income - (IS)	328M	-9.26M	-39.76M	67.59M	-42.58M
Net Income to Common Incl Extra Items	328M	-9.26M	-39.76M	67.59M	-42.58M
Net Income to Common Excl. Extra Items	328M	-9.26M	-39.76M	67.59M	-42.58M
Per Share Items
Net EPS - Basic	0.56	-0.02	-0.07	0.13	-0.09
Basic EPS - Continuing Operations	0.56	-0.02	-0.07	0.13	-0.09
Basic Weighted Average Shares Outstanding	589M	564M	538M	514M	470M
Net EPS - Diluted	0.56	-0.02	-0.07	0.13	-0.09
Diluted EPS - Continuing Operations	0.56	-0.02	-0.07	0.13	-0.09
Diluted Weighted Average Shares Outstanding	589M	564M	538M	514M	470M
Normalized Basic EPS	0.35	-0.01	-0.04	0.08	-0.06
Normalized Diluted EPS	0.35	-0.01	-0.04	0.08	-0.06
Dividend Per Share	0.02	0.02	0.02	0.03	0.03
Payout Ratio	3.07	-108.31	-25.92	18.03	-31.79
Supplemental Items
EBITA	332M	-8.11M	-37.62M	70.15M	-40.4M
EBIT	332M	-8.11M	-37.62M	70.15M	-40.4M
Effective Tax Rate - (Ratio)	0.2	-8.86	-3.02	1.91	-2.5
Current Foreign Taxes	-	-	1.17M	1.32M	1.04M
Total Current Taxes	-	-	1.17M	1.32M	1.04M
Normalized Net Income	206M	-5.32M	-24.12M	43.07M	-25.96M
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	136K	200K	271K	266K	245K
Selling and Marketing Expenses	136K	200K	271K	266K	245K
General and Administrative Expenses	4.23M	5M	4.33M	4.2M	4.18M

Fiscal Period: April	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.87M	13.35M	2.29M	11.02M	12.49M
Total Cash And Short Term Investments	6.87M	13.35M	2.29M	11.02M	12.49M
Accounts Receivable, Total	5.12M	1.09M	7.99M	3.37M	1.02M
Other Receivables	662K	748K	596K	549K	454K
Total Receivables	5.78M	1.84M	8.59M	3.92M	1.47M
Prepaid Expenses	1.24M	1.77M	2.13M	2.53M	2.22M
Total Current Assets	13.89M	16.96M	13.01M	17.47M	16.18M
Long-term Investments	1.05B	987M	902M	910M	775M
Total Assets	1.06B	1B	915M	928M	791M
Liabilities
Accounts Payable, Total	6.65M	2.71M	2.89M	3.98M	1.47M
Accrued Expenses, Total	723K	754K	749K	819K	1.12M
Short-term Borrowings	8.52M	19.78M	17.03M	16.46M	16.05M
Current Portion of Long-Term Debt	-	-	-	-	-
Other Current Liabilities	746K	488K	259K	1.64M	453K
Total Current Liabilities	16.64M	23.74M	20.93M	22.9M	19.09M
Long-Term Debt	35M	35M	35M	35M	35M
Total Liabilities	51.64M	58.74M	55.93M	57.9M	54.09M
Common Stock, Total	15.51M	15.51M	15.51M	15.51M	15.51M
Additional Paid In Capital	213M	213M	213M	213M	213M
Retained Earnings	763M	701M	615M	626M	493M
Comprehensive Income and Other	16.16M	16.16M	16.16M	16.16M	16.16M
Total Common Equity	1.01B	945M	859M	870M	737M
Total Equity	1.01B	945M	859M	870M	737M
Total Liabilities And Equity	1.06B	1B	915M	928M	791M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	573M	547M	522M	487M	444M
ECS Total Common Shares Outstanding	576M	549M	525M	495M	447M
Book Value / Share	1.75	1.72	1.64	1.76	1.65
Tangible Book Value	1.01B	945M	859M	870M	737M
Tangible Book Value Per Share	1.75	1.72	1.64	1.76	1.65
Total Debt	43.52M	54.78M	52.03M	51.46M	51.05M
Net Debt	36.65M	41.43M	49.74M	40.44M	38.56M
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: April	2021	2022	2023	2024	2025
Net Income	328M	-9.26M	-39.76M	67.59M	-42.58M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-326M	16.13M	-	-57.05M	53.7M
Other Operating Activities, Total	10.05M	11.03M	49.24M	15.2M	15.98M
Change In Accounts Payable	84K	26K	-	101K	300K
Change in Other Net Operating Assets	-9M	-12.15M	-	-16.18M	-16.81M
Cash from Operations	3.78M	5.77M	9.48M	9.66M	10.6M
Investment in Marketable and Equity Securities, Total	3.11M	42.61M	28.44M	54.9M	82.77M
Other Investing Activities, Total	-488K	-494K	-	-	-
Cash from Investing	2.62M	42.12M	28.44M	54.9M	82.77M
Short Term Debt Issued, Total	8.37M	11.3M	7.87M	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	8.37M	11.3M	7.87M	-	-
Short Term Debt Repaid, Total	-	-	-10.29M	-	-
Total Debt Repaid	-	-	-10.29M	-	-
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-37.25M	-43.17M	-36.03M	-43.4M	-78.32M
Common Dividends Paid	-10.09M	-10.03M	-10.3M	-12.19M	-13.54M
Common & Preferred Stock Dividends Paid	-10.09M	-10.03M	-10.3M	-12.19M	-13.54M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-38.98M	-41.9M	-48.76M	-55.58M	-91.85M
Foreign Exchange Rate Adjustments	-1.59M	497K	-229K	-239K	-38K
Net Change in Cash	-34.17M	6.48M	-11.06M	8.73M	1.47M
Supplemental Items
Cash Interest Paid	793K	926K	1.04M	1.59M	1.52M
Cash Income Tax Paid (Refund)	594K	835K	-	-	920K
Levered Free Cash Flow	206M	-6.4M	-31.36M	49.68M	-26.83M
Unlevered Free Cash Flow	206M	-5.81M	-30.69M	50.66M	-25.89M
Change In Net Working Capital	1.01M	745K	7.17M	-6.81M	636K
Net Debt Issued / Repaid	8.37M	11.3M	-2.42M	-	-

Fiscal Period: April	2021	2022	2023	2024	2025
Profitability
Return on Assets	22.72	-0.49	-2.45	4.76	-2.94
Return on Total Capital	22.86	-0.49	-2.46	4.78	-2.95
Return On Equity %	37.87	-0.95	-4.41	7.82	-5.3
Return on Common Equity	37.87	-0.95	-4.41	7.82	-5.3
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	1.52	-281.06	-16.86	7.27	-15.4
EBITA Margin %	98.48	381.06	116.86	92.73	115.4
EBIT Margin %	98.48	381.06	116.86	92.73	115.4
Income From Continuing Operations Margin %	97.52	435.24	123.49	89.35	121.62
Net Income Margin %	97.52	435.24	123.49	89.35	121.62
Net Avail. For Common Margin %	97.52	435.24	123.49	89.35	121.62
Normalized Net Income Margin	61.08	249.88	74.92	56.93	74.15
Levered Free Cash Flow Margin	61.1	300.55	97.4	65.67	76.64
Unlevered Free Cash Flow Margin	61.25	273.17	95.31	66.96	73.94
Asset Turnover
Asset Turnover	0.37	-0	-0.03	0.08	-0.04
Short Term Liquidity
Current Ratio	0.83	0.71	0.62	0.76	0.85
Quick Ratio	0.76	0.64	0.52	0.65	0.73
Operating Cash Flow to Current Liabilities	0.23	0.24	0.45	0.42	0.55
Long Term Solvency
Total Debt/Equity	4.32	5.8	6.05	5.91	6.93
Total Debt / Total Capital	4.14	5.48	5.71	5.58	6.48
LT Debt/Equity	3.47	3.7	4.07	4.02	4.75
Long-Term Debt / Total Capital	3.33	3.5	3.84	3.8	4.44
Total Liabilities / Total Assets	4.88	5.85	6.11	6.24	6.84
EBIT / Interest Expense	415.99	-8.7	-34.94	44.88	-26.74
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-416.6	-100.63	1.41K	-334.95	-146.28
Gross Profit, 1 Yr. Growth %	-416.6	-100.63	1.41K	-334.95	-146.28
EBITA, 1 Yr. Growth %	-396.93	-102.45	363.99	-286.44	-157.6
EBIT, 1 Yr. Growth %	-396.93	-102.45	363.99	-286.44	-157.6
Earnings From Cont. Operations, 1 Yr. Growth %	-388.54	-102.82	329.28	-269.99	-163
Net Income, 1 Yr. Growth %	-388.54	-102.82	329.28	-269.99	-163
Normalized Net Income, 1 Yr. Growth %	-391.21	-102.59	353.61	-278.55	-160.28
Diluted EPS Before Extra, 1 Yr. Growth %	-396.87	-102.95	349.48	-278.2	-168.86
Accounts Receivable, 1 Yr. Growth %	2.51K	-78.75	634.74	-57.86	-69.84
Total Assets, 1 Yr. Growth %	38.45	-5.2	-8.83	1.38	-14.77
Tangible Book Value, 1 Yr. Growth %	38.68	-6.17	-9.08	1.24	-15.31
Common Equity, 1 Yr. Growth %	38.68	-6.17	-9.08	1.24	-15.31
Cash From Operations, 1 Yr. Growth %	-47.2	52.85	64.35	1.81	9.74
Levered Free Cash Flow, 1 Yr. Growth %	-394.75	-103.11	390.33	-258.42	-154.01
Unlevered Free Cash Flow, 1 Yr. Growth %	-398.23	-102.82	427.89	-265.07	-151.11
Dividend Per Share, 1 Yr. Growth %	2.94	5.14	25	22.17	6.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	191.95	-85.85	-69.08	496.22	4.28
Gross Profit, 2 Yr. CAGR %	191.95	-85.85	-69.08	496.22	4.28
EBITA, 2 Yr. CAGR %	209.83	-73.05	-66.31	194.12	3.63
EBIT, 2 Yr. CAGR %	209.83	-73.05	-66.31	194.12	3.63
Earnings From Cont. Operations, 2 Yr. CAGR %	223.23	-71.47	-65.2	170.14	3.48
Net Income, 2 Yr. CAGR %	223.23	-71.47	-65.2	170.14	3.48
Normalized Net Income, 2 Yr. CAGR %	218.77	-72.56	-65.75	184.59	3.75
Diluted EPS Before Extra, 2 Yr. CAGR %	226.57	-70.42	-63.61	183.01	10.77
Accounts Receivable, 2 Yr. CAGR %	1.59K	135.61	24.95	75.97	-64.35
Total Assets, 2 Yr. CAGR %	8.04	14.56	-7.04	-3.86	-7.05
Tangible Book Value, 2 Yr. CAGR %	8.58	14.07	-7.64	-4.06	-7.41
Common Equity, 2 Yr. CAGR %	8.58	14.07	-7.64	-4.06	-7.41
Cash From Operations, 2 Yr. CAGR %	-26.82	-10.16	58.49	29.36	5.7
Levered Free Cash Flow, 2 Yr. CAGR %	228.44	-69.73	-60.96	178.71	-7.5
Unlevered Free Cash Flow, 2 Yr. CAGR %	223.11	-71	-61.42	195.2	-8.15
Dividend Per Share, 2 Yr. CAGR %	2.99	4.04	14.64	23.58	14.21
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	62.34	-62.23	-32.85	-39.21	154.34
Gross Profit, 3 Yr. CAGR %	62.34	-62.23	-32.85	-39.21	154.34
EBITA, 3 Yr. CAGR %	64.9	-38.31	-30.41	-40.41	70.8
EBIT, 3 Yr. CAGR %	64.9	-38.31	-30.41	-40.41	70.8
Earnings From Cont. Operations, 3 Yr. CAGR %	66.26	-33.45	-29.57	-40.95	66.28
Net Income, 3 Yr. CAGR %	66.26	-33.45	-29.57	-40.95	66.28
Normalized Net Income, 3 Yr. CAGR %	65.85	-35.95	-30.1	-40.61	69.65
Diluted EPS Before Extra, 3 Yr. CAGR %	67.66	-32.01	-26.74	-38.2	76.68
Accounts Receivable, 3 Yr. CAGR %	19.35	292.45	244.22	-13.02	-2.26
Total Assets, 3 Yr. CAGR %	6.36	3.43	6.16	-4.31	-7.65
Tangible Book Value, 3 Yr. CAGR %	6.81	3.42	5.76	-4.77	-7.97
Common Equity, 3 Yr. CAGR %	6.81	3.42	5.76	-4.77	-7.97
Cash From Operations, 3 Yr. CAGR %	-10.9	-6.46	9.88	36.76	22.45
Levered Free Cash Flow, 3 Yr. CAGR %	65.26	-30.52	-23.41	-37.73	61.28
Unlevered Free Cash Flow, 3 Yr. CAGR %	64.7	-33.48	-23.72	-37.37	64.52
Dividend Per Share, 3 Yr. CAGR %	6.71	3.7	10.6	17.1	17.7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	67.8	-58.48	-16.37	13.88	-19.92
Gross Profit, 5 Yr. CAGR %	67.8	-58.48	-16.37	13.88	-19.92
EBITA, 5 Yr. CAGR %	73.06	-45.49	-12.64	15.22	-18.4
EBIT, 5 Yr. CAGR %	73.06	-45.49	-12.64	15.22	-18.4
Earnings From Cont. Operations, 5 Yr. CAGR %	76.17	-43.93	-11.06	16.55	-17.85
Net Income, 5 Yr. CAGR %	76.17	-43.93	-11.06	16.55	-17.85
Normalized Net Income, 5 Yr. CAGR %	75.34	-44.92	-11.75	16.31	-18.14
Diluted EPS Before Extra, 5 Yr. CAGR %	73.4	-43.35	-8.99	20.28	-13.56
Accounts Receivable, 5 Yr. CAGR %	32.43	-20.56	21.56	184.74	38.97
Total Assets, 5 Yr. CAGR %	12.17	5.29	0.78	0.45	0.67
Tangible Book Value, 5 Yr. CAGR %	12.74	5.21	0.78	0.36	0.28
Common Equity, 5 Yr. CAGR %	12.74	5.21	0.78	0.36	0.28
Cash From Operations, 5 Yr. CAGR %	7.6	10.82	12.18	6.49	8.19
Levered Free Cash Flow, 5 Yr. CAGR %	92.18	-42.93	-7.2	21.11	-17.4
Unlevered Free Cash Flow, 5 Yr. CAGR %	88.97	-44.09	-7.84	20.73	-17.84
Dividend Per Share, 5 Yr. CAGR %	10.34	8.39	9.82	11.24	12.03