MANCHESTER & LONDON INVESTMENT TRUST PLC

Income Statement Manchester & London Investment Trust plc

Equities

MNL

GB0002258472

Investment Trusts

Market Closed - London S.E. Other stock markets 11:35:22 2025-07-14 EDT			5-day change	1st Jan Change
836.00 ^GBX	+0.48%		+2.45%	+16.11%

03-19	Manchester & London Investment Trust plc Reports Earnings Results for the Half Year Ended January 31, 2025	CI
2024	Manchester & London Investment Trust plc commences an Equity Buyback Plan for 6,010,543 shares, representing 14.99% of its issued share capital, under the authorization approved on November 6, 2024.	CI

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Published financial data: MANCHESTER & LONDON INVESTMENT TRUST PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2020	2021	2022	2023	2024
Revenues	-	-	-	-	-
Gain (Loss) on Sale of Investment, Total (Rev)	27.08M	25.37M	-58.27M	29.58M	124M
Interest And Invest. Income (Rev)	647K	823K	265K	2.33M	2.45M
Total Revenues	27.73M	26.19M	-58M	31.91M	126M
Gross Profit	27.73M	26.19M	-58M	31.91M	126M
Selling General & Admin Expenses, Total	1.47M	1.96M	1.52M	532K	1.46M
Other Operating Expenses	555K	725K	598K	499K	563K
Other Operating Expenses, Total	2.02M	2.68M	2.11M	1.03M	2.02M
Operating Income	25.7M	23.51M	-60.12M	30.88M	124M
Interest Expense, Total	-1.61M	-1.24M	-1.01M	-2.05M	-3.03M
Net Interest Expenses	-1.61M	-1.24M	-1.01M	-2.05M	-3.03M
EBT, Excl. Unusual Items	24.1M	22.26M	-61.12M	28.83M	121M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	24.1M	22.26M	-61.12M	28.83M	121M
Income Tax Expense	59K	42K	40K	77K	144K
Earnings From Continuing Operations	24.04M	22.22M	-61.16M	28.75M	121M
Net Income to Company	24.04M	22.22M	-61.16M	28.75M	121M
Net Income - (IS)	24.04M	22.22M	-61.16M	28.75M	121M
Net Income to Common Incl Extra Items	24.04M	22.22M	-61.16M	28.75M	121M
Net Income to Common Excl. Extra Items	24.04M	22.22M	-61.16M	28.75M	121M
Per Share Items
Net EPS - Basic	0.75	0.57	-1.52	0.71	3.01
Basic EPS - Continuing Operations	0.75	0.57	-1.52	0.71	3.01
Basic Weighted Average Shares Outstanding	32.16M	38.92M	40.34M	40.24M	40.19M
Net EPS - Diluted	0.75	0.57	-1.52	0.71	3.01
Diluted EPS - Continuing Operations	0.75	0.57	-1.52	0.71	3.01
Diluted Weighted Average Shares Outstanding	32.16M	38.92M	40.34M	40.24M	40.19M
Normalized Basic EPS	0.47	0.36	-0.95	0.45	1.89
Normalized Diluted EPS	0.47	0.36	-0.95	0.45	1.89
Dividend Per Share	0.14	0.14	0.14	0.14	0.14
Payout Ratio	20.71	24.55	-9.24	19.59	4.64
Supplemental Items
EBITA	25.7M	23.51M	-60.12M	30.88M	124M
EBIT	25.7M	23.51M	-60.12M	30.88M	124M
Total Revenues (As Reported)	27.73M	26.19M	-58M	31.91M	126M
Effective Tax Rate - (Ratio)	0.24	0.19	-0.07	0.27	0.12
Current Foreign Taxes	59K	42K	40K	77K	144K
Total Current Taxes	59K	42K	40K	77K	144K
Normalized Net Income	15.06M	13.92M	-38.2M	18.02M	75.82M
Supplemental Operating Expense Items
General and Administrative Expenses	1.47M	1.96M	1.52M	532K	1.46M

Fiscal Period: July	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	86.18M	82.97M	48.84M	17.05M	7.19M
Total Cash And Short Term Investments	86.18M	82.97M	48.84M	17.05M	7.19M
Accounts Receivable, Total	11K	-	-	111K	147K
Other Receivables	4K	-	-	-	237K
Total Receivables	15K	-	-	111K	384K
Prepaid Expenses	3K	42K	29K	36K	35K
Other Current Assets, Total	29.23M	44.9M	38.94M	17.87M	21.24M
Total Current Assets	115M	128M	87.81M	35.06M	28.84M
Long-term Investments	137M	157M	128M	188M	309M
Total Assets	253M	285M	216M	223M	338M
Liabilities
Accounts Payable, Total	2.2M	-	924K	-	6K
Accrued Expenses, Total	342K	277K	183K	277K	492K
Other Current Liabilities	24.28M	14.87M	16.27M	1.67M	3.25M
Total Current Liabilities	26.82M	15.15M	17.38M	1.95M	3.75M
Total Liabilities	26.82M	15.15M	17.38M	1.95M	3.75M
Common Stock, Total	9.03M	10.13M	10.13M	10.13M	10.13M
Additional Paid In Capital	107M	25.89M	25.89M	25.89M	25.89M
Retained Earnings	110M	234M	163M	185M	298M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	226M	270M	199M	221M	334M
Total Equity	226M	270M	199M	221M	334M
Total Liabilities And Equity	253M	285M	216M	223M	338M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.14M	40.5M	40.27M	40.19M	40.13M
ECS Total Common Shares Outstanding	36.14M	40.53M	40.27M	-	40.19M
Book Value / Share	6.25	6.65	4.93	5.51	8.31
Tangible Book Value	226M	270M	199M	221M	334M
Tangible Book Value Per Share	6.25	6.65	4.93	5.51	8.31
Total Debt	0	0	0	0	0
Net Debt	-86.18M	-82.97M	-48.84M	-17.05M	-7.19M
Account Code - Inventory Valuation	3	3	3	-	3

Fiscal Period: July	2020	2021	2022	2023	2024
Net Income	24.04M	22.22M	-61.16M	28.75M	121M
(Gain) Loss on Sale of Investments - (CF)	-30.12M	-26.63M	64.5M	-27.81M	-124M
Other Operating Activities, Total	-1.42M	-20.63M	-4.85M	574K	3.01M
Change In Accounts Receivable	32K	-10K	2K	-116K	-34K
Change In Accounts Payable	192K	-92K	-92K	26K	163K
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	-7.28M	-25.14M	-1.6M	1.43M	767K
Investment in Marketable and Equity Securities, Total	27.5M	1.47M	18.61M	-43.81M	-13.87M
Other Investing Activities, Total	-	-	-71K	17.02M	14.64M
Cash from Investing	27.5M	1.47M	18.54M	-26.79M	764K
Issuance of Common Stock	39.89M	26.99M	-	-	-
Repurchase of Common Stock	-	-	-1.51M	-289K	-
Common Dividends Paid	-4.98M	-5.46M	-5.65M	-5.63M	-5.63M
Common & Preferred Stock Dividends Paid	-4.98M	-5.46M	-5.65M	-5.63M	-5.63M
Special Dividend Paid	-	-	-2.82M	-	-2.81M
Other Financing Activities, Total	-1.84M	-1.07M	-960K	-1.98M	-2.98M
Cash from Financing	33.08M	20.46M	-10.94M	-7.9M	-11.42M
Foreign Exchange Rate Adjustments	-	-	5.82M	1.47M	23K
Net Change in Cash	53.3M	-3.21M	11.82M	-31.79M	-9.86M
Supplemental Items
Cash Interest Paid	1.84M	1.07M	960K	1.98M	2.98M
Cash Income Tax Paid (Refund)	59K	42K	40K	77K	144K
Levered Free Cash Flow	14.68M	-13.46M	15.95M	23.55M	73.97M
Unlevered Free Cash Flow	15.68M	-12.68M	16.58M	24.83M	75.87M
Change In Net Working Capital	381K	27.37M	-54.15M	-5.53M	1.84M

Fiscal Period: July	2020	2021	2022	2023	2024
Profitability
Return on Assets	7.53	5.47	-14.88	8.79	27.7
Return on Total Capital	8.18	5.93	-16.05	9.19	27.98
Return On Equity %	12.24	8.97	-26.12	13.69	43.62
Return on Common Equity	12.24	8.97	-26.12	13.69	43.62
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	5.3	7.48	-2.61	1.67	1.15
EBITA Margin %	92.7	89.76	103.64	96.77	98.4
EBIT Margin %	92.7	89.76	103.64	96.77	98.4
Income From Continuing Operations Margin %	86.68	84.85	105.45	90.11	95.89
Net Income Margin %	86.68	84.85	105.45	90.11	95.89
Net Avail. For Common Margin %	86.68	84.85	105.45	90.11	95.89
Normalized Net Income Margin	54.31	53.13	65.86	56.47	60
Levered Free Cash Flow Margin	52.94	-51.39	-27.5	73.8	58.54
Unlevered Free Cash Flow Margin	56.56	-48.42	-28.58	77.81	60.04
Asset Turnover
Asset Turnover	0.13	0.1	-0.23	0.15	0.45
Short Term Liquidity
Current Ratio	4.3	8.44	5.05	18.01	7.7
Quick Ratio	3.21	5.48	2.81	8.81	2.02
Operating Cash Flow to Current Liabilities	-0.27	-1.66	-0.09	0.73	0.2
Long Term Solvency
Total Liabilities / Total Assets	10.61	5.32	8.05	0.87	1.11
EBIT / Interest Expense	15.98	18.91	-59.7	15.08	40.98
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	49.68	-5.55	-321.47	-155.01	296
Gross Profit, 1 Yr. Growth %	49.68	-5.55	-321.47	-155.01	296
EBITA, 1 Yr. Growth %	51.16	-8.55	-355.73	-151.36	302.68
EBIT, 1 Yr. Growth %	51.16	-8.55	-355.73	-151.36	302.68
Earnings From Cont. Operations, 1 Yr. Growth %	51.18	-7.55	-375.23	-147.01	321.37
Net Income, 1 Yr. Growth %	51.18	-7.55	-375.23	-147.01	321.37
Normalized Net Income, 1 Yr. Growth %	51.09	-7.6	-374.53	-147.17	320.74
Diluted EPS Before Extra, 1 Yr. Growth %	27.21	-23.6	-365.54	-147.12	321.89
Accounts Receivable, 1 Yr. Growth %	-42.11	-	-	-	32.43
Total Assets, 1 Yr. Growth %	45.29	12.69	-25.31	3.43	51.28
Tangible Book Value, 1 Yr. Growth %	35.3	19.37	-26.38	11.5	50.92
Common Equity, 1 Yr. Growth %	35.3	19.37	-26.38	11.5	50.92
Cash From Operations, 1 Yr. Growth %	246.85	245.5	-19.78	-189.36	-46.29
Levered Free Cash Flow, 1 Yr. Growth %	77.89	-191.69	-126.85	47.64	214.12
Unlevered Free Cash Flow, 1 Yr. Growth %	75.99	-180.86	-128.28	49.75	205.57
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.11	18.9	44.63	10.38	47.6
Gross Profit, 2 Yr. CAGR %	-1.11	18.9	44.63	10.38	47.6
EBITA, 2 Yr. CAGR %	-2.83	17.57	52.93	14.61	43.82
EBIT, 2 Yr. CAGR %	-2.83	17.57	52.93	14.61	43.82
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.28	18.22	59.51	13.75	40.75
Net Income, 2 Yr. CAGR %	-5.28	18.22	59.51	13.75	40.75
Normalized Net Income, 2 Yr. CAGR %	-5.27	18.15	59.27	13.8	40.88
Diluted EPS Before Extra, 2 Yr. CAGR %	-19.48	-1.42	42.43	11.86	41
Accounts Receivable, 2 Yr. CAGR %	91.49	-	-	-	-
Total Assets, 2 Yr. CAGR %	37.23	27.96	-7.57	-12.1	25.09
Tangible Book Value, 2 Yr. CAGR %	31.63	27.09	-6.26	-9.4	29.72
Common Equity, 2 Yr. CAGR %	31.63	27.09	-6.26	-9.4	29.72
Cash From Operations, 2 Yr. CAGR %	65.84	246.18	-53.14	-15.33	-30.72
Levered Free Cash Flow, 2 Yr. CAGR %	-21.47	27.71	4.24	-37.04	115.35
Unlevered Free Cash Flow, 2 Yr. CAGR %	-19.22	19.29	2.81	-34.93	113.92
Dividend Per Share, 2 Yr. CAGR %	8.01	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	9.51	-2.61	46.29	4.79	68.98
Gross Profit, 3 Yr. CAGR %	9.51	-2.61	46.29	4.79	68.98
EBITA, 3 Yr. CAGR %	8.15	-4.78	52.34	6.3	74.24
EBIT, 3 Yr. CAGR %	8.15	-4.78	52.34	6.3	74.24
Earnings From Cont. Operations, 3 Yr. CAGR %	6.22	-6.04	56.69	6.15	76.01
Net Income, 3 Yr. CAGR %	6.22	-6.04	56.69	6.15	76.01
Normalized Net Income, 3 Yr. CAGR %	6.09	-6.05	56.49	6.16	75.96
Diluted EPS Before Extra, 3 Yr. CAGR %	-6.84	-20.88	37.16	-1.49	74.12
Accounts Receivable, 3 Yr. CAGR %	-50.74	-	-	116.09	-
Total Assets, 3 Yr. CAGR %	37.62	28.51	7.47	-4.04	5.33
Tangible Book Value, 3 Yr. CAGR %	33.64	27.41	5.94	-0.68	7.4
Common Equity, 3 Yr. CAGR %	33.64	27.41	5.94	-0.68	7.4
Cash From Operations, 3 Yr. CAGR %	59.01	111.81	-8.67	-41.89	-27.25
Levered Free Cash Flow, 3 Yr. CAGR %	30.81	-17.31	24.57	17.06	7.58
Unlevered Free Cash Flow, 3 Yr. CAGR %	33.15	-19.2	22.99	16.54	8.97
Dividend Per Share, 3 Yr. CAGR %	57.55	5.27	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	50.78	12.68	22.39	2.39	46.81
Gross Profit, 5 Yr. CAGR %	50.78	12.68	22.39	2.39	46.81
EBITA, 5 Yr. CAGR %	52.99	11.51	24.23	2.55	48.87
EBIT, 5 Yr. CAGR %	52.99	11.51	24.23	2.55	48.87
Earnings From Cont. Operations, 5 Yr. CAGR %	57.46	10.61	24.98	1.42	50.1
Net Income, 5 Yr. CAGR %	57.46	10.61	24.98	1.42	50.1
Normalized Net Income, 5 Yr. CAGR %	53.95	10.65	24.81	1.43	50.05
Diluted EPS Before Extra, 5 Yr. CAGR %	45.48	-1.79	10.4	-9.12	38.69
Accounts Receivable, 5 Yr. CAGR %	-	-	-	105.89	50.56
Total Assets, 5 Yr. CAGR %	31.34	29.72	17.36	10.72	14.2
Tangible Book Value, 5 Yr. CAGR %	29.07	28.98	15.97	11.17	14.88
Common Equity, 5 Yr. CAGR %	29.07	28.98	15.97	11.17	14.88
Cash From Operations, 5 Yr. CAGR %	29.18	36.16	-2.46	-11.6	-18.23
Levered Free Cash Flow, 5 Yr. CAGR %	312.77	11.26	19.45	-0.22	55.06
Unlevered Free Cash Flow, 5 Yr. CAGR %	142.28	9.58	20.07	0.65	53.47
Dividend Per Share, 5 Yr. CAGR %	34.34	44.14	31.36	3.13	0