Income Statement Develop North PLC

Stocks

DVNO

GB00BD0ND667

Investment Trusts

Market Closed - London S.E. 11:35:20 2026-09-25 EDT			5-day change	1st Jan Change
74.50 ^GBX	0.00%		0.00%	+10.37%

08-27	Develop North PLC announces Quarterly dividend, payable on September 25, 2026	CI
08-17	Develop North plc Appoints Michelle Percy as Executive Director, Effective from 17 August 2026	CI

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Published financial data: DEVELOP NORTH PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: November	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Interest and Dividend Income, Total	1.64M	1.79M	1.72M	1.94M	2.22M
Interest Expense, Total	1K	132K	155K	84K	367K
Net Interest Income	1.64M	1.66M	1.57M	1.85M	1.86M
Gain (Loss) on Sale of Investments, Total (Rev)	54K	-378K	-203K	-143K	-187K
Other Revenues, Total	-	-	32K	126K	173K
Revenues Before Provison For Loan Losses	1.7M	1.28M	1.4M	1.84M	1.84M
Provision For Loan Losses	208K	148K	557K	122K	445K
Total Revenues	1.49M	1.13M	839K	1.72M	1.4M
Cost of Services Provided, Total	559K	615K	578K	71K	981K
Other Operating Expenses	-	-	-	474K	-
Total Operating Expenses	559K	615K	578K	545K	981K
Operating Income	929K	514K	261K	1.17M	415K
EBT, Excl. Unusual Items	929K	514K	261K	1.17M	415K
Gain (Loss) on Sale of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	929K	514K	261K	1.17M	415K
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	929K	514K	261K	1.17M	415K
Net Income to Company	929K	514K	261K	1.17M	415K
Net Income - (IS)	929K	514K	261K	1.17M	415K
Net Income to Common Incl Extra Items	929K	514K	261K	1.17M	415K
Net Income to Common Excl. Extra Items	929K	514K	261K	1.17M	415K
Per Share Items
Net EPS - Basic	0.03	0.02	0.01	0.05	0.02
Basic EPS - Continuing Operations	0.03	0.02	0.01	0.05	0.02
Basic Weighted Average Shares Outstanding	26.92M	26.92M	26.91M	25.25M	24.98M
Net EPS - Diluted	0.03	0.02	0.01	0.05	0.02
Diluted EPS - Continuing Operations	0.03	0.02	0.01	0.05	0.02
Diluted Weighted Average Shares Outstanding	26.92M	26.92M	26.91M	25.25M	24.98M
Normalized Basic EPS	0.02	0.01	0.01	0.03	0.01
Normalized Diluted EPS	0.02	0.01	0.01	0.03	0.01
Dividend Per Share	0.04	0.04	0.04	0.04	0.04
Payout Ratio	101.4	209.53	412.64	87.09	240.72
Supplemental Items
Total Revenues (As Reported)	1.7M	1.41M	1.55M	1.92M	2.21M
Effective Tax Rate - (Ratio)	-	-	-	-	-
Total Current Taxes	-	-	-	-	-
Normalized Net Income	581K	321K	163K	731K	259K

Fiscal Period: November	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Assets
Cash And Equivalents	4.54M	638K	1.15M	115K	226K
Long-Term Investments - (FS Template)	7.59M	4.87M	3.02M	-	2.33M
Trading Asset Securities, Total	-	-	-	2.9M	481K
Loans and Lease Receivables - (FS Template)	10.56M	20.61M	16.7M	19.15M	23.39M
Other Receivables	-	-	-	-	-
Other Current Assets, Total	27K	11K	13K	17K	4K
Total Assets	22.72M	26.13M	20.9M	22.18M	26.43M
Liabilities
Accrued Expenses, Total	135K	109K	191K	141K	-
Short-Term Borrowings	-	4M	-	2.1M	6.78M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	-	-	300K
Total Liabilities	135K	4.11M	191K	2.24M	7.08M
Common Stock, Total	269K	269K	269K	269K	269K
Additional Paid In Capital	9.09M	9.09M	9.09M	9.09M	9.09M
Retained Earnings	13.39M	13.3M	12.4M	11.74M	12.1M
Comprehensive Income and Other	-166K	-644K	-1.06M	-1.16M	-2.11M
Total Common Equity	22.58M	22.02M	20.7M	19.94M	19.35M
Total Equity	22.58M	22.02M	20.7M	19.94M	19.35M
Total Liabilities And Equity	22.72M	26.13M	20.9M	22.18M	26.43M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	26.92M	26.92M	25.67M	24.98M	24.98M
ECS Total Common Shares Outstanding	26.92M	26.92M	26.23M	24.98M	24.98M
Book Value / Share	0.84	0.82	0.79	0.8	0.77
Tangible Book Value	22.58M	22.02M	20.7M	19.94M	19.35M
Tangible Book Value Per Share	0.84	0.82	0.79	0.8	0.77
Total Debt	0	4M	0	2.1M	6.78M
Net Debt	-4.54M	3.36M	-1.15M	-914K	6.07M
Full Time Employees	-	-	-	-	1

Fiscal Period: November	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Net Income	929K	514K	261K	1.17M	415K
Gain (Loss) on Sale of Loans & Receivables - (CF)	-	-	-35K	-	-
(Gain) Loss on Sale of Investments - (CF)	-54K	342K	203K	143K	187K
Total Asset Writedown	694K	-	-	-	-
Provision for Credit Losses	-	136K	592K	75K	445K
Changes in Accrued Interest Receivable	-126K	-	-	-	-
Change in Other Net Operating Assets (Collected)	-2K	-10K	80K	-54K	172K
Other Operating Activities	-760K	-264K	-103K	-278K	-277K
Cash from Operations	681K	718K	998K	1.06M	942K
Net (Increase) Decrease in Loans Originated / Sold - Investing	4.96M	-7.42M	5.25M	-2.17M	-4.14M
Cash from Investing	4.96M	-7.42M	5.25M	-2.17M	-4.14M
Short Term Debt Issued, Total	-	4.25M	-	6.12M	4.68M
Total Debt Issued	-	4.25M	-	6.12M	4.68M
Short Term Debt Repaid, Total	-1.15M	-251K	-4M	-4.02M	-
Total Debt Repaid	-1.15M	-251K	-4M	-4.02M	-
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-501K	-919K	-
Common Dividends Paid	-942K	-1.08M	-1.08M	-1.02M	-999K
Common & Preferred Stock Dividends Paid	-942K	-1.08M	-1.08M	-1.02M	-999K
Other Financing Activities, Total	-1K	-132K	-155K	-84K	-367K
Cash from Financing	-2.09M	2.79M	-5.73M	78K	3.31M
Net Change in Cash	3.54M	-3.91M	516K	-1.04M	111K
Supplemental Items
Cash Interest Paid	1K	132K	155K	84K	367K
Net Debt Issued / Repaid	-1.15M	4M	-4M	2.1M	4.68M

Fiscal Period: November	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Profitability
Return on Assets	3.99	2.1	1.11	5.43	1.71
Return On Equity %	4.11	2.3	1.22	5.76	2.11
Return on Common Equity	4.11	2.3	1.22	5.76	2.11
Margin Analysis
Gross Profit Margin %	67	53.06	38.97	100	44.99
SG&A Margin	4.57	7.53	7.87	4.14	15.26
Income From Continuing Operations Margin %	62.43	45.53	31.11	68.22	29.73
Net Income Margin %	62.43	45.53	31.11	68.22	29.73
Net Avail. For Common Margin %	62.43	45.53	31.11	68.22	29.73
Normalized Net Income Margin	39.02	28.45	19.44	42.64	18.58
Asset Turnover
Asset Turnover	0.06	0.05	0.04	0.08	0.06
Short Term Liquidity
Current Ratio	112.07	5.17	93.57	9.9	3.4
Quick Ratio	111.87	5.17	93.5	9.89	3.4
Operating Cash Flow to Current Liabilities	5.04	0.17	5.23	0.47	0.13
Long Term Solvency
Total Debt/Equity	-	18.16	-	10.53	35.03
Total Debt / Total Capital	-	15.37	-	9.53	25.94
Total Liabilities / Total Assets	0.59	15.73	0.91	10.1	26.78
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.35	-24.13	-25.69	104.41	-18.6
Gross Profit, 1 Yr. Growth %	4.4	-39.92	-45.41	104.41	-49.4
Earnings From Cont. Operations, 1 Yr. Growth %	8.53	-44.67	-49.22	348.28	-64.53
Net Income, 1 Yr. Growth %	8.53	-44.67	-49.22	348.28	-64.53
Normalized Net Income, 1 Yr. Growth %	8.53	-44.67	-49.22	348.28	-64.53
Diluted EPS Before Extra, 1 Yr. Growth %	8.5	-44.67	-48.95	377.75	-64.15
Common Equity, 1 Yr. Growth %	-0.06	-2.49	-5.98	-3.71	-2.93
Total Assets, 1 Yr. Growth %	-4.85	15.01	-20.03	6.14	19.18
Tangible Book Value, 1 Yr. Growth %	-0.06	-2.49	-5.98	-3.71	-2.93
Cash From Operations, 1 Yr. Growth %	-45.87	5.43	39	5.81	-10.8
Dividend Per Share, 1 Yr. Growth %	33.33	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-19.07	-11.02	-24.91	23.25	28.99
Gross Profit, 2 Yr. CAGR %	-24.56	-20.8	-42.73	69.21	-13.48
Earnings From Cont. Operations, 2 Yr. CAGR %	-11.35	-22.51	-47	50.87	26.1
Net Income, 2 Yr. CAGR %	-11.35	-22.51	-47	50.87	26.1
Normalized Net Income, 2 Yr. CAGR %	-25.53	-22.51	-47	50.87	26.1
Diluted EPS Before Extra, 2 Yr. CAGR %	-11.35	-22.52	-46.98	56.17	30.87
Common Equity, 2 Yr. CAGR %	0.08	-1.28	-4.25	-4.85	-3.32
Total Assets, 2 Yr. CAGR %	-7.23	4.61	-4.1	-7.87	12.47
Tangible Book Value, 2 Yr. CAGR %	0.08	-1.28	-4.25	-4.85	-3.32
Cash From Operations, 2 Yr. CAGR %	-23.87	-24.45	21.06	21.27	-2.85
Dividend Per Share, 2 Yr. CAGR %	-18.35	15.47	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	2.35	-20.79	-16.21	4.85	7.33
Gross Profit, 3 Yr. CAGR %	3.59	-30.08	-30.04	19.82	1.59
Earnings From Cont. Operations, 3 Yr. CAGR %	3.5	-24.24	-32.69	7.99	-6.88
Net Income, 3 Yr. CAGR %	3.5	-24.24	-32.69	7.99	-6.88
Normalized Net Income, 3 Yr. CAGR %	3.5	-32.55	-32.69	7.99	-6.88
Diluted EPS Before Extra, 3 Yr. CAGR %	1.81	-24.24	-32.68	10.34	-4.37
Common Equity, 3 Yr. CAGR %	-3.86	-0.79	-2.87	-4.07	-4.22
Total Assets, 3 Yr. CAGR %	-7.34	-0.34	-4.35	-0.8	0.38
Tangible Book Value, 3 Yr. CAGR %	-3.86	-0.79	-2.87	-4.07	-4.22
Cash From Operations, 3 Yr. CAGR %	-21.2	-15.14	-7.43	15.75	9.47
Dividend Per Share, 3 Yr. CAGR %	-17.02	-12.64	10.06	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-3.47	-9.58	-5.47	-0.42
Gross Profit, 5 Yr. CAGR %	-	-8.08	-18.28	-0.43	-8.04
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-9.89	-20.81	-0.2	-13.48
Net Income, 5 Yr. CAGR %	-	-9.89	-20.81	-0.2	-13.48
Normalized Net Income, 5 Yr. CAGR %	-	-10.85	-20.81	-6.92	-13.48
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-14.43	-21.58	1.09	-12.18
Common Equity, 5 Yr. CAGR %	-	-0.22	-4.02	-2.43	-3.05
Total Assets, 5 Yr. CAGR %	-	3.13	-6.06	-3.42	2.05
Tangible Book Value, 5 Yr. CAGR %	-	-0.22	-4.02	-2.43	-3.05
Cash From Operations, 5 Yr. CAGR %	-	-0.79	-6.44	-2.11	-5.62
Dividend Per Share, 5 Yr. CAGR %	-	2.71	-10.59	-7.79	5.92