MANCHESTER & LONDON INVESTMENT TRUST PLC

Income Statement Manchester & London Investment Trust plc

Equities

MNL

GB0002258472

Investment Trusts

Delayed London S.E. Other stock markets 06:19:27 2026-05-15 EDT			5-day change	1st Jan Change
1,070.10 ^GBX	-0.92%		+3.67%	+34.30%

03-18	Global markets live: Nvidia, Amazon, Oracle, Lululemon, Airbus…
03-18	Manchester & London Investment Trust ups payout; net asset value down	AN

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Published financial data: MANCHESTER & LONDON INVESTMENT TRUST PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: July	2021	2022	2023	2024	2025
Revenues	-	-	-	-	-
Gain (Loss) on Sale of Investment, Total (Rev)	25.37M	-58.27M	29.58M	124M	105M
Interest And Invest. Income (Rev)	823K	265K	2.33M	2.45M	2.34M
Total Revenues	26.19M	-58M	31.91M	126M	108M
Gross Profit	26.19M	-58M	31.91M	126M	108M
Selling General & Admin Expenses, Total	1.96M	1.52M	532K	1.46M	2.45M
Other Operating Expenses	725K	598K	499K	563K	635K
Other Operating Expenses, Total	2.68M	2.11M	1.03M	2.02M	3.08M
Operating Income	23.51M	-60.12M	30.88M	124M	105M
Interest Expense, Total	-1.24M	-1.01M	-2.05M	-3.03M	-3.1M
Net Interest Expenses	-1.24M	-1.01M	-2.05M	-3.03M	-3.1M
EBT, Excl. Unusual Items	22.26M	-61.12M	28.83M	121M	101M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
EBT, Incl. Unusual Items	22.26M	-61.12M	28.83M	121M	101M
Income Tax Expense	42K	40K	77K	144K	109K
Earnings From Continuing Operations	22.22M	-61.16M	28.75M	121M	101M
Net Income to Company	22.22M	-61.16M	28.75M	121M	101M
Net Income - (IS)	22.22M	-61.16M	28.75M	121M	101M
Net Income to Common Incl Extra Items	22.22M	-61.16M	28.75M	121M	101M
Net Income to Common Excl. Extra Items	22.22M	-61.16M	28.75M	121M	101M
Per Share Items
Net EPS - Basic	0.57	-1.52	0.71	3.01	2.56
Basic EPS - Continuing Operations	0.57	-1.52	0.71	3.01	2.56
Basic Weighted Average Shares Outstanding	38.92M	40.34M	40.24M	40.19M	39.63M
Net EPS - Diluted	0.57	-1.52	0.71	3.01	2.56
Diluted EPS - Continuing Operations	0.57	-1.52	0.71	3.01	2.56
Diluted Weighted Average Shares Outstanding	38.92M	40.34M	40.24M	40.19M	39.63M
Normalized Basic EPS	0.36	-0.95	0.45	1.89	1.6
Normalized Diluted EPS	0.36	-0.95	0.45	1.89	1.6
Dividend Per Share	0.14	0.14	0.14	0.14	0.14
Payout Ratio	24.55	-9.24	19.59	4.64	5.47
Supplemental Items
EBITA	23.51M	-60.12M	30.88M	124M	105M
EBIT	23.51M	-60.12M	30.88M	124M	105M
Total Revenues (As Reported)	26.19M	-58M	31.91M	126M	108M
Effective Tax Rate - (Ratio)	0.19	-0.07	0.27	0.12	0.11
Current Foreign Taxes	42K	40K	77K	144K	109K
Total Current Taxes	42K	40K	77K	144K	109K
Normalized Net Income	13.92M	-38.2M	18.02M	75.82M	63.42M
Supplemental Operating Expense Items
General and Administrative Expenses	1.96M	1.52M	532K	1.46M	2.45M

Fiscal Period: July	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	82.97M	48.84M	17.05M	7.19M	17.43M
Total Cash And Short Term Investments	82.97M	48.84M	17.05M	7.19M	17.43M
Accounts Receivable, Total	-	-	111K	147K	146K
Other Receivables	-	-	-	237K	-
Total Receivables	-	-	111K	384K	146K
Prepaid Expenses	42K	29K	36K	35K	43K
Other Current Assets, Total	44.9M	38.94M	17.87M	21.24M	27.7M
Total Current Assets	128M	87.81M	35.06M	28.84M	45.31M
Long-term Investments	157M	128M	188M	309M	376M
Total Assets	285M	216M	223M	338M	421M
Liabilities
Accounts Payable, Total	-	924K	-	6K	1.92M
Accrued Expenses, Total	277K	183K	277K	492K	535K
Short-term Borrowings	-	-	-	-	109K
Other Current Liabilities	14.87M	16.27M	1.67M	3.25M	5.21M
Total Current Liabilities	15.15M	17.38M	1.95M	3.75M	7.77M
Total Liabilities	15.15M	17.38M	1.95M	3.75M	7.77M
Common Stock, Total	10.13M	10.13M	10.13M	10.13M	10.13M
Additional Paid In Capital	25.89M	25.89M	25.89M	25.89M	25.89M
Retained Earnings	234M	163M	185M	298M	377M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	270M	199M	221M	334M	413M
Total Equity	270M	199M	221M	334M	413M
Total Liabilities And Equity	285M	216M	223M	338M	421M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.5M	40.27M	40.19M	40.13M	38.02M
ECS Total Common Shares Outstanding	40.53M	40.27M	-	40.19M	38.35M
Book Value / Share	6.65	4.93	5.51	8.31	10.77
Tangible Book Value	270M	199M	221M	334M	413M
Tangible Book Value Per Share	6.65	4.93	5.51	8.31	10.77
Total Debt	0	0	0	0	109K
Net Debt	-82.97M	-48.84M	-17.05M	-7.19M	-17.32M
Account Code - Inventory Valuation	3	3	-	3	3

Fiscal Period: July	2021	2022	2023	2024	2025
Net Income	22.22M	-61.16M	28.75M	121M	101M
(Gain) Loss on Sale of Investments - (CF)	-26.63M	64.5M	-27.81M	-124M	-106M
Other Operating Activities, Total	-20.63M	-4.85M	574K	3.01M	3.66M
Change In Accounts Receivable	-10K	2K	-116K	-34K	-7K
Change In Accounts Payable	-92K	-92K	26K	163K	118K
Change in Other Net Operating Assets	-	-	-	-	-
Cash from Operations	-25.14M	-1.6M	1.43M	767K	-393K
Investment in Marketable and Equity Securities, Total	1.47M	18.61M	-43.81M	-13.87M	28.79M
Other Investing Activities, Total	-	-71K	17.02M	14.64M	5.88M
Cash from Investing	1.47M	18.54M	-26.79M	764K	34.68M
Issuance of Common Stock	26.99M	-	-	-	-
Repurchase of Common Stock	-	-1.51M	-289K	-	-12.19M
Common Dividends Paid	-5.46M	-5.65M	-5.63M	-5.63M	-5.55M
Common & Preferred Stock Dividends Paid	-5.46M	-5.65M	-5.63M	-5.63M	-5.55M
Special Dividend Paid	-	-2.82M	-	-2.81M	-2.74M
Other Financing Activities, Total	-1.07M	-960K	-1.98M	-2.98M	-3.11M
Cash from Financing	20.46M	-10.94M	-7.9M	-11.42M	-23.6M
Foreign Exchange Rate Adjustments	-	5.82M	1.47M	23K	-551K
Net Change in Cash	-3.21M	11.82M	-31.79M	-9.86M	10.13M
Supplemental Items
Cash Interest Paid	1.07M	960K	1.98M	2.98M	3.11M
Cash Income Tax Paid (Refund)	42K	40K	77K	144K	109K
Levered Free Cash Flow	-13.46M	15.95M	23.55M	73.97M	61.1M
Unlevered Free Cash Flow	-12.68M	16.58M	24.83M	75.87M	63.04M
Change In Net Working Capital	27.37M	-54.15M	-5.53M	1.84M	2.32M

Fiscal Period: July	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.47	-14.88	8.79	27.7	17.23
Return on Total Capital	5.93	-16.05	9.19	27.98	17.49
Return On Equity %	8.97	-26.12	13.69	43.62	27.13
Return on Common Equity	8.97	-26.12	13.69	43.62	27.13
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	7.48	-2.61	1.67	1.15	2.27
EBITA Margin %	89.76	103.64	96.77	98.4	97.14
EBIT Margin %	89.76	103.64	96.77	98.4	97.14
Income From Continuing Operations Margin %	84.85	105.45	90.11	95.89	94.15
Net Income Margin %	84.85	105.45	90.11	95.89	94.15
Net Avail. For Common Margin %	84.85	105.45	90.11	95.89	94.15
Normalized Net Income Margin	53.13	65.86	56.47	60	58.91
Levered Free Cash Flow Margin	-51.39	-27.5	73.8	58.54	56.76
Unlevered Free Cash Flow Margin	-48.42	-28.58	77.81	60.04	58.56
Asset Turnover
Asset Turnover	0.1	-0.23	0.15	0.45	0.28
Short Term Liquidity
Current Ratio	8.44	5.05	18.01	7.7	5.83
Quick Ratio	5.48	2.81	8.81	2.02	2.26
Operating Cash Flow to Current Liabilities	-1.66	-0.09	0.73	0.2	-0.05
Long Term Solvency
Total Debt/Equity	-	-	-	-	0.03
Total Debt / Total Capital	-	-	-	-	0.03
Total Liabilities / Total Assets	5.32	8.05	0.87	1.11	1.85
EBIT / Interest Expense	18.91	-59.7	15.08	40.98	33.69
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.55	-321.47	-155.01	296	-14.8
Gross Profit, 1 Yr. Growth %	-5.55	-321.47	-155.01	296	-14.8
EBITA, 1 Yr. Growth %	-8.55	-355.73	-151.36	302.68	-15.9
EBIT, 1 Yr. Growth %	-8.55	-355.73	-151.36	302.68	-15.9
Earnings From Cont. Operations, 1 Yr. Growth %	-7.55	-375.23	-147.01	321.37	-16.34
Net Income, 1 Yr. Growth %	-7.55	-375.23	-147.01	321.37	-16.34
Normalized Net Income, 1 Yr. Growth %	-7.6	-374.53	-147.17	320.74	-16.35
Diluted EPS Before Extra, 1 Yr. Growth %	-23.6	-365.54	-147.12	321.89	-15.16
Accounts Receivable, 1 Yr. Growth %	-	-	-	32.43	-0.68
Total Assets, 1 Yr. Growth %	12.69	-25.31	3.43	51.28	24.58
Tangible Book Value, 1 Yr. Growth %	19.37	-26.38	11.5	50.92	23.65
Common Equity, 1 Yr. Growth %	19.37	-26.38	11.5	50.92	23.65
Cash From Operations, 1 Yr. Growth %	245.5	-19.78	-189.36	-46.29	-151.24
Levered Free Cash Flow, 1 Yr. Growth %	-191.69	-126.85	47.64	214.12	-17.4
Unlevered Free Cash Flow, 1 Yr. Growth %	-180.86	-128.28	49.75	205.57	-16.9
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.9	44.63	10.38	47.6	83.68
Gross Profit, 2 Yr. CAGR %	18.9	44.63	10.38	47.6	83.68
EBITA, 2 Yr. CAGR %	17.57	52.93	14.61	43.82	84.03
EBIT, 2 Yr. CAGR %	17.57	52.93	14.61	43.82	84.03
Earnings From Cont. Operations, 2 Yr. CAGR %	18.22	59.51	13.75	40.75	87.75
Net Income, 2 Yr. CAGR %	18.22	59.51	13.75	40.75	87.75
Normalized Net Income, 2 Yr. CAGR %	18.15	59.27	13.8	40.88	87.6
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.42	42.43	11.86	41	89.19
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	14.69
Total Assets, 2 Yr. CAGR %	27.96	-7.57	-12.1	25.09	37.28
Tangible Book Value, 2 Yr. CAGR %	27.09	-6.26	-9.4	29.72	36.61
Common Equity, 2 Yr. CAGR %	27.09	-6.26	-9.4	29.72	36.61
Cash From Operations, 2 Yr. CAGR %	246.18	-53.14	-15.33	-30.72	-47.54
Levered Free Cash Flow, 2 Yr. CAGR %	27.71	4.24	-37.04	115.35	61.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.29	2.81	-34.93	113.92	59.35
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.61	46.29	4.79	68.98	22.89
Gross Profit, 3 Yr. CAGR %	-2.61	46.29	4.79	68.98	22.89
EBITA, 3 Yr. CAGR %	-4.78	52.34	6.3	74.24	20.27
EBIT, 3 Yr. CAGR %	-4.78	52.34	6.3	74.24	20.27
Earnings From Cont. Operations, 3 Yr. CAGR %	-6.04	56.69	6.15	76.01	18.34
Net Income, 3 Yr. CAGR %	-6.04	56.69	6.15	76.01	18.34
Normalized Net Income, 3 Yr. CAGR %	-6.05	56.49	6.16	75.96	18.41
Diluted EPS Before Extra, 3 Yr. CAGR %	-20.88	37.16	-1.49	74.12	19.04
Accounts Receivable, 3 Yr. CAGR %	-	-	116.09	-	-
Total Assets, 3 Yr. CAGR %	28.51	7.47	-4.04	5.33	24.92
Tangible Book Value, 3 Yr. CAGR %	27.41	5.94	-0.68	7.4	27.67
Common Equity, 3 Yr. CAGR %	27.41	5.94	-0.68	7.4	27.67
Cash From Operations, 3 Yr. CAGR %	111.81	-8.67	-41.89	-27.25	-37.35
Levered Free Cash Flow, 3 Yr. CAGR %	-17.31	24.57	17.06	7.58	56.47
Unlevered Free Cash Flow, 3 Yr. CAGR %	-19.2	22.99	16.54	8.97	56.08
Dividend Per Share, 3 Yr. CAGR %	5.27	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	12.68	22.39	2.39	46.81	31.16
Gross Profit, 5 Yr. CAGR %	12.68	22.39	2.39	46.81	31.16
EBITA, 5 Yr. CAGR %	11.51	24.23	2.55	48.87	32.4
EBIT, 5 Yr. CAGR %	11.51	24.23	2.55	48.87	32.4
Earnings From Cont. Operations, 5 Yr. CAGR %	10.61	24.98	1.42	50.1	33.35
Net Income, 5 Yr. CAGR %	10.61	24.98	1.42	50.1	33.35
Normalized Net Income, 5 Yr. CAGR %	10.65	24.81	1.43	50.05	33.31
Diluted EPS Before Extra, 5 Yr. CAGR %	-1.79	10.4	-9.12	38.69	27.89
Accounts Receivable, 5 Yr. CAGR %	-	-	105.89	50.56	67.72
Total Assets, 5 Yr. CAGR %	29.72	17.36	10.72	14.2	10.74
Tangible Book Value, 5 Yr. CAGR %	28.98	15.97	11.17	14.88	12.83
Common Equity, 5 Yr. CAGR %	28.98	15.97	11.17	14.88	12.83
Cash From Operations, 5 Yr. CAGR %	36.16	-2.46	-11.6	-18.23	-44.22
Levered Free Cash Flow, 5 Yr. CAGR %	11.26	19.45	-0.22	55.06	33.01
Unlevered Free Cash Flow, 5 Yr. CAGR %	9.58	20.07	0.65	53.47	32.08
Dividend Per Share, 5 Yr. CAGR %	44.14	31.36	3.13	0	0