Velocity Composites Income Statement

Financials in millions GBP. Fiscal year is November - October.

Millions GBP. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	2020 - 2016
Revenue	20.7	23.01	16.41	11.96	9.77	Upgrade
Revenue Growth (YoY)	-10.02%	40.19%	37.23%	22.44%	-27.98%	Upgrade
Cost of Revenue	14.6	17.05	13.33	9.21	7.23	Upgrade
Gross Profit	6.11	5.96	3.09	2.75	2.54	Upgrade
Selling, General & Admin	6.97	6.98	5.78	4.06	3.9	Upgrade
Other Operating Expenses	-0.15	-0.09	-	-	-	Upgrade
Operating Expenses	6.82	6.89	5.78	4.06	3.9	Upgrade
Operating Income	-0.72	-0.93	-2.7	-1.32	-1.36	Upgrade
Interest Expense	-0.34	-0.41	-0.33	-0.19	-0.18	Upgrade
EBT Excluding Unusual Items	-1.06	-1.34	-3.02	-1.5	-1.55	Upgrade
Other Unusual Items	-	-	-0.12	-	-	Upgrade
Pretax Income	-1.06	-1.34	-3.14	-1.5	-1.55	Upgrade
Income Tax Expense	0.03	-0.5	-	-0.17	-0.34	Upgrade
Net Income	-1.08	-0.85	-3.14	-1.34	-1.21	Upgrade
Net Income to Common	-1.08	-0.85	-3.14	-1.34	-1.21	Upgrade
Shares Outstanding (Basic)	54	53	38	38	36	Upgrade
Shares Outstanding (Diluted)	54	53	38	38	36	Upgrade
Shares Change (YoY)	1.32%	39.17%	-0.19%	6.10%	0.77%	Upgrade
EPS (Basic)	-0.02	-0.02	-0.08	-0.03	-0.03	Upgrade
EPS (Diluted)	-0.02	-0.02	-0.08	-0.04	-0.03	Upgrade
Free Cash Flow	0.66	0.16	-3.13	0.02	0.26	Upgrade
Free Cash Flow Per Share	0.01	0.00	-0.08	-	0.01	Upgrade
Gross Margin	29.50%	25.91%	18.80%	22.96%	26.00%	Upgrade
Operating Margin	-3.47%	-4.05%	-16.43%	-11.01%	-13.96%	Upgrade
Profit Margin	-5.24%	-3.67%	-19.15%	-11.18%	-12.35%	Upgrade
Free Cash Flow Margin	3.17%	0.69%	-19.04%	0.15%	2.67%	Upgrade
EBITDA	-0.34	-0.55	-2.4	-1.11	-1.14	Upgrade
EBITDA Margin	-1.63%	-2.39%	-14.62%	-9.26%	-11.62%	Upgrade
D&A For EBITDA	0.38	0.38	0.3	0.21	0.23	Upgrade
EBIT	-0.72	-0.93	-2.7	-1.32	-1.36	Upgrade
EBIT Margin	-3.47%	-4.05%	-16.43%	-11.01%	-13.96%	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.