Income Statement Redrow plc

Stocks

RDW

GB00BG11K365

Homebuilding

Delayed London S.E. 02:30:00 2024-08-22 EDT			5-day change	1st Jan Change
779.00 ^GBX	-.--%		-.--%	-

25-10-14	Redrow plc Reports Earnings Results for the Full Year Ended June 29, 2025	CI
25-04-14	Redrow plc Announces Matthew Pratt Steps Down as CEO, Effective 30 June 2025	CI

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Published financial data: REDROW PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Revenues	1.94B	2.14B	2.13B	1.64B	5.58B
Total Revenues	1.94B	2.14B	2.13B	1.64B	5.58B
Cost of Goods Sold, Total	1.52B	1.62B	1.62B	1.34B	4.79B
Gross Profit	419M	516M	508M	300M	785M
Selling General & Admin Expenses, Total	93M	102M	109M	113M	503M
Other Operating Expenses, Total	93M	102M	109M	113M	503M
Operating Income	326M	414M	399M	187M	282M
Interest Expense, Total	-8M	-6M	-9M	-8M	-63.4M
Interest And Investment Income	1M	2M	5M	6M	35.4M
Net Interest Expenses	-7M	-4M	-4M	-2M	-28M
Income (Loss) On Equity Invest.	-	-	-	-	17.2M
Other Non Operating Income (Expenses)	-	-	-	-	2.7M
EBT, Excl. Unusual Items	319M	410M	395M	185M	274M
Restructuring Charges	-5M	-	-	-	-
Other Unusual Items	-	-164M	-	-	-
EBT, Incl. Unusual Items	314M	246M	395M	185M	274M
Income Tax Expense	60M	49M	97M	54M	87.3M
Earnings From Continuing Operations	254M	197M	298M	131M	186M
Net Income to Company	254M	197M	298M	131M	186M
Net Income - (IS)	254M	197M	298M	131M	186M
Net Income to Common Incl Extra Items	254M	197M	298M	131M	186M
Net Income to Common Excl. Extra Items	254M	197M	298M	131M	186M
Per Share Items
Net EPS - Basic	0.74	0.58	0.91	0.41	0.14
Basic EPS - Continuing Operations	0.74	0.58	0.91	0.41	0.14
Basic Weighted Average Shares Outstanding	344M	342M	327M	323M	1.37B
Net EPS - Diluted	0.74	0.58	0.91	0.4	0.13
Diluted EPS - Continuing Operations	0.74	0.58	0.91	0.4	0.13
Diluted Weighted Average Shares Outstanding	345M	343M	328M	324M	1.4B
Normalized Basic EPS	0.58	0.75	0.75	0.36	0.12
Normalized Diluted EPS	0.58	0.75	0.75	0.36	0.12
Dividend Per Share	0.24	0.32	0.3	-	0.18
Payout Ratio	8.27	50.76	36.24	62.6	133.74
Supplemental Items
EBITDA	328M	416M	401M	189M	305M
EBITA	326M	414M	399M	187M	296M
EBIT	326M	414M	399M	187M	282M
EBITDAR	-	-	-	-	341M
Effective Tax Rate - (Ratio)	19.11	19.92	24.56	29.19	31.9
Current Domestic Taxes	59M	49M	97M	54M	102M
Total Current Taxes	59M	49M	97M	54M	102M
Deferred Domestic Taxes	1M	-	-	-	-
Total Deferred Taxes	1M	-	-	-	-29.3M
Normalized Net Income	199M	256M	247M	116M	171M
Interest on Long-Term Debt	5M	2M	4M	5M	2.5M
Non-Cash Pension Expense	-	-	-	0	300K
Supplemental Operating Expense Items
General and Administrative Expenses	93M	102M	108M	113M	503M
Research And Development Expense From Footnotes	400K	1M	1M	1M	-
Net Rental Expense, Total	-	-	-	-	35.5M
Imputed Operating Lease Interest Expense	-	-	-	-	72.31M
Imputed Operating Lease Depreciation	-	-	-	-	-36.81M
Stock-Based Comp., Other (Total)	6M	5M	2M	2M	19.2M
Total Stock-Based Compensation	6M	5M	2M	2M	19.2M

Fiscal Period: June	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Assets
Cash And Equivalents	160M	288M	235M	296M	970M
Total Cash And Short Term Investments	160M	288M	235M	296M	970M
Accounts Receivable, Total	75M	45M	24M	13M	108M
Other Receivables	22M	32M	13M	11M	195M
Total Receivables	97M	77M	37M	24M	303M
Inventory	2.51B	2.74B	2.77B	2.62B	8.34B
Prepaid Expenses	4M	6M	5M	4M	17.8M
Total Current Assets	2.77B	3.11B	3.05B	2.94B	9.63B
Gross Property Plant And Equipment	50M	55M	66M	70M	194M
Accumulated Depreciation	-25M	-30M	-34M	-41M	-60.9M
Net Property Plant And Equipment	25M	25M	32M	29M	133M
Long-term Investments	-	-	-	-	193M
Goodwill	-	0	0	-	1.17B
Other Intangibles, Total	-	1M	1M	-	408M
Accounts Receivable Long-Term	-	-	-	-	900K
Deferred Tax Assets Long-Term	1M	1M	1M	1M	-
Other Long-Term Assets, Total	40M	39M	5M	5M	8.3M
Total Assets	2.84B	3.18B	3.09B	2.98B	11.55B
Liabilities
Accounts Payable, Total	362M	385M	400M	376M	508M
Accrued Expenses, Total	103M	93M	108M	110M	498M
Short-term Borrowings	-	-	-	-	-
Current Portion of Leases	4M	2M	4M	4M	17.7M
Current Income Taxes Payable	7M	5M	8M	6M	-
Unearned Revenue Current, Total	-	-	-	-	102M
Other Current Liabilities	291M	526M	345M	201M	1.23B
Total Current Liabilities	767M	1.01B	865M	697M	2.36B
Long-Term Debt	-	-	-	-	200M
Long-Term Leases	2M	4M	6M	5M	37.5M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	15M	15M	3M	3M	110M
Other Non Current Liabilities	184M	197M	186M	188M	971M
Total Liabilities	968M	1.23B	1.06B	893M	3.68B
Common Stock, Total	37M	37M	35M	35M	144M
Additional Paid In Capital	59M	59M	59M	59M	254M
Retained Earnings	1.77B	1.85B	1.92B	1.98B	3.88B
Comprehensive Income and Other	8M	8M	10M	10M	3.6B
Total Common Equity	1.87B	1.95B	2.03B	2.08B	7.87B
Minority Interest	-	-	-	-	100K
Total Equity	1.87B	1.95B	2.03B	2.08B	7.87B
Total Liabilities And Equity	2.84B	3.18B	3.09B	2.98B	11.55B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	343M	335M	321M	331M	1.43B
ECS Total Common Shares Outstanding	343M	342M	321M	331M	1.43B
Book Value / Share	5.45	5.71	6.31	6.3	5.52
Tangible Book Value	1.87B	1.95B	2.02B	2.08B	6.29B
Tangible Book Value Per Share	5.45	5.71	6.31	6.3	4.41
Total Debt	6M	6M	10M	9M	255M
Net Debt	-154M	-282M	-225M	-287M	-714M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-40M	-39M	-5M	-5M	-4.2M
Debt Equivalent Oper. Leases	-	-	-	-	284M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	100K
Equity Method Investments, Total	-	-	-	-	193M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	1.53B	1.71B	1.68B	1.52B	5.1B
Inventories - Work In Process, Total	910M	962M	1.02B	1.02B	3.09B
Inventories - Finished Goods, Total	77M	68M	69M	83M	144M
Inventories - Others	-	-	-	-	-
Machinery, Total	14M	17M	18M	18M	80M
Full Time Employees	2.16K	2.24K	2.19K	1.86K	7.5K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	10.3M
Order Backlog	1.43B	1.44B	850M	720M	-

Fiscal Period: June	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Net Income	254M	197M	298M	131M	186M
Depreciation & Amortization - CF	5M	5M	4M	7M	27.4M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	14.5M
Depreciation & Amortization, Total	5M	5M	4M	7M	41.9M
Amortization of Deferred Charges, Total - (CF)	1M	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-500K
Asset Writedown & Restructuring Costs	1M	-	-	-	1.2M
Stock-Based Compensation (CF)	-	-	-	-	19.2M
Other Operating Activities, Total	13M	3M	15M	2M	-82.1M
Change In Accounts Receivable	-62M	24M	34M	14M	-1.1M
Change In Inventories	72M	-227M	-30M	153M	-266M
Change In Accounts Payable	-6M	86M	-151M	-149M	89.3M
Change in Other Net Operating Assets	26M	173M	-12M	-16M	40.5M
Cash from Operations	304M	261M	158M	142M	29.3M
Capital Expenditure	-2M	-4M	-4M	-	-18.1M
Sale of Property, Plant, and Equipment	-	-	-	-	1.5M
Cash Acquisitions	-	-	-	-	194M
Sale (Purchase) of Intangible assets	-	-	-	-	-2.5M
Investment in Marketable and Equity Securities, Total	9M	-	-	-	-17.5M
Other Investing Activities, Total	-	1M	4M	6M	38.1M
Cash from Investing	7M	-3M	0	6M	196M
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-173M	-3M	-3M	-5M	-20.1M
Total Debt Repaid	-173M	-3M	-3M	-5M	-20.1M
Issuance of Common Stock	-	-	-	-	300K
Repurchase of Common Stock	-1M	-27M	-100M	-	-50.3M
Common Dividends Paid	-21M	-100M	-108M	-82M	-249M
Common & Preferred Stock Dividends Paid	-21M	-100M	-108M	-82M	-249M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-	-	-	-1.4M
Cash from Financing	-195M	-130M	-211M	-87M	-321M
Net Change in Cash	116M	128M	-53M	61M	-95.7M
Supplemental Items
Cash Interest Paid	4M	2M	4M	5M	9.9M
Cash Income Tax Paid (Refund)	54M	55M	82M	55M	129M
Levered Free Cash Flow	185M	298M	109M	120M	-2.06B
Unlevered Free Cash Flow	190M	302M	114M	125M	-2.02B
Change In Net Working Capital	24M	-37M	137M	1M	2.24B
Net Debt Issued / Repaid	-173M	-3M	-3M	-5M	-20.1M

Fiscal Period: June	2021 (GBP)	2022 (GBP)	2023 (GBP)	2024 (GBP)	2025 (GBP)
Profitability
Return on Assets	7.31	8.6	7.96	3.86	1.81
Return on Total Capital	11.07	13.5	12.49	5.66	2.55
Return On Equity %	14.52	10.31	14.99	6.38	2.8
Return on Common Equity	14.52	10.31	14.99	6.38	2.8
Margin Analysis
Gross Profit Margin %	21.61	24.11	23.88	18.34	14.07
SG&A Margin	4.8	4.77	5.12	6.91	9.02
EBITDA Margin %	16.92	19.44	18.85	11.55	5.47
EBITA Margin %	16.81	19.35	18.76	11.43	5.31
EBIT Margin %	16.81	19.35	18.76	11.43	5.05
Income From Continuing Operations Margin %	13.1	9.21	14.01	8.01	3.34
Net Income Margin %	13.1	9.21	14.01	8.01	3.34
Net Avail. For Common Margin %	13.1	9.21	14.01	8.01	3.34
Normalized Net Income Margin	10.28	11.97	11.61	7.07	3.07
Levered Free Cash Flow Margin	9.53	13.93	5.11	7.33	-37
Unlevered Free Cash Flow Margin	9.79	14.1	5.38	7.63	-36.29
Asset Turnover
Asset Turnover	0.7	0.71	0.68	0.54	0.57
Fixed Assets Turnover	76.04	85.6	74.63	53.64	48.07
Receivables Turnover (Average Receivables)	38.78	35.67	61.65	88.43	59.95
Inventory Turnover (Average Inventory)	0.6	0.62	0.59	0.5	0.7
Short Term Liquidity
Current Ratio	3.62	3.08	3.52	4.22	4.08
Quick Ratio	0.34	0.36	0.31	0.46	0.54
Operating Cash Flow to Current Liabilities	0.4	0.26	0.18	0.2	0.01
Days Sales Outstanding (Average Receivables)	9.39	10.4	5.9	4.12	6.07
Days Outstanding Inventory (Average Inventory)	610.42	600.02	619.41	733.86	517.08
Average Days Payable Outstanding	84.59	74.86	86.64	119.38	17.61
Cash Conversion Cycle (Average Days)	535.21	535.56	538.67	618.59	505.54
Long Term Solvency
Total Debt/Equity	0.32	0.31	0.49	0.43	3.24
Total Debt / Total Capital	0.32	0.31	0.49	0.43	3.14
LT Debt/Equity	0.11	0.21	0.3	0.24	3.02
Long-Term Debt / Total Capital	0.11	0.2	0.29	0.24	2.92
Total Liabilities / Total Assets	34.08	38.62	34.35	30.01	31.83
EBIT / Interest Expense	40.75	69	44.33	23.38	4.44
EBITDA / Interest Expense	41.38	69.83	44.78	24.25	5.11
(EBITDA - Capex) / Interest Expense	41.12	69.17	44.33	24.25	4.82
Total Debt / EBITDA	0.02	0.01	0.02	0.05	0.79
Net Debt / EBITDA	-0.47	-0.67	-0.56	-1.48	-2.21
Total Debt / (EBITDA - Capex)	0.02	0.01	0.03	0.05	0.84
Net Debt / (EBITDA - Capex)	-0.47	-0.68	-0.56	-1.48	-2.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	44.81	10.37	-0.61	-23.08	33.83
Gross Profit, 1 Yr. Growth %	51.26	24.64	-1.55	-40.94	54.03
EBITDA, 1 Yr. Growth %	75.4	28.79	-3.61	-52.87	60.26
EBITA, 1 Yr. Growth %	78.14	28.97	-3.62	-53.13	61.91
EBIT, 1 Yr. Growth %	78.14	28.97	-3.62	-53.13	63.27
Earnings From Cont. Operations, 1 Yr. Growth %	124.78	-22.44	51.27	-56.04	63.37
Net Income, 1 Yr. Growth %	124.78	-22.44	51.27	-56.04	63.37
Normalized Net Income, 1 Yr. Growth %	82.29	30.57	-3.66	-53.16	60.53
Diluted EPS Before Extra, 1 Yr. Growth %	124.39	-21.88	58.09	-55.56	14.66
Accounts Receivable, 1 Yr. Growth %	200	-40	-46.67	-45.83	38.28
Inventory, 1 Yr. Growth %	-2.79	9.03	1.09	-5.52	58.02
Net Property, Plant and Equip., 1 Yr. Growth %	-3.85	0	28	-9.38	35.16
Total Assets, 1 Yr. Growth %	3.88	11.87	-2.86	-3.56	46.66
Tangible Book Value, 1 Yr. Growth %	15.27	4.11	3.9	2.86	42.9
Common Equity, 1 Yr. Growth %	15.13	4.17	3.9	2.81	44.75
Cash From Operations, 1 Yr. Growth %	-304.03	-14.14	-39.46	-10.13	-69.54
Capital Expenditures, 1 Yr. Growth %	-71.43	100	0	-	151.39
Levered Free Cash Flow, 1 Yr. Growth %	-243.36	64.07	-63.14	10.23	2.87
Unlevered Free Cash Flow, 1 Yr. Growth %	-254.74	61.69	-61.72	9.18	2.56
Dividend Per Share, 1 Yr. Growth %	-	30.61	-6.25	-	8.64
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-4.18	26.42	4.74	-12.57	61.94
Gross Profit, 2 Yr. CAGR %	-8.82	36.48	10.77	-23.75	24.29
EBITDA, 2 Yr. CAGR %	-10.99	49.15	11.42	-32.6	-12.74
EBITA, 2 Yr. CAGR %	-10.94	50.41	11.49	-32.79	-13.83
EBIT, 2 Yr. CAGR %	-10.94	50.41	11.49	-32.79	-15.96
Earnings From Cont. Operations, 2 Yr. CAGR %	-12.13	32.04	8.32	-18.45	-20.91
Net Income, 2 Yr. CAGR %	-12.13	32.04	8.32	-18.45	-20.91
Normalized Net Income, 2 Yr. CAGR %	-11.36	53.06	12.16	-32.83	-16.76
Diluted EPS Before Extra, 2 Yr. CAGR %	-10.56	32.4	11.13	-16.18	-61.75
Accounts Receivable, 2 Yr. CAGR %	63.66	34.16	-43.43	-46.25	112.13
Inventory, 2 Yr. CAGR %	2.24	2.95	4.99	-2.27	73.52
Net Property, Plant and Equip., 2 Yr. CAGR %	25	-1.94	13.14	7.7	104.18
Total Assets, 2 Yr. CAGR %	2.35	7.8	4.24	-3.22	93.46
Tangible Book Value, 2 Yr. CAGR %	8.75	9.55	4.01	3.38	76.24
Common Equity, 2 Yr. CAGR %	8.68	9.51	4.03	3.35	97.13
Cash From Operations, 2 Yr. CAGR %	2.03	32.35	-27.91	-26.24	-56.94
Capital Expenditures, 2 Yr. CAGR %	-29.29	-24.41	41.42	-	112.72
Levered Free Cash Flow, 2 Yr. CAGR %	-9.96	52.06	-22.62	-36.25	335.67
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.73	56.87	-21.71	-35.35	320.73
Dividend Per Share, 2 Yr. CAGR %	-10.37	-	10.66	-	-23.41
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	0.33	0.44	16.68	-5.51	37.62
Gross Profit, 3 Yr. CAGR %	-3.69	0.79	22.4	-10.18	15
EBITDA, 3 Yr. CAGR %	-5.12	0.16	28.95	-16.36	-9.8
EBITA, 3 Yr. CAGR %	-5.15	0.24	29.67	-16.48	-10.55
EBIT, 3 Yr. CAGR %	-5.15	0.24	29.67	-16.48	-12.03
Earnings From Cont. Operations, 3 Yr. CAGR %	-6.22	-15.71	38.16	-19.81	-1.83
Net Income, 3 Yr. CAGR %	-6.22	-15.71	38.16	-19.81	-1.83
Normalized Net Income, 3 Yr. CAGR %	-5.67	0.33	31.18	-16.17	-12.6
Diluted EPS Before Extra, 3 Yr. CAGR %	-6.3	-14.5	40.46	-18.12	-38.62
Accounts Receivable, 3 Yr. CAGR %	110.86	17.13	-1.35	-44.24	33.89
Inventory, 3 Yr. CAGR %	4.25	4.46	2.33	1.36	44.93
Net Property, Plant and Equip., 3 Yr. CAGR %	18.56	16.04	7.17	5.07	74.75
Total Assets, 3 Yr. CAGR %	5.99	5.43	4.12	1.57	53.76
Tangible Book Value, 3 Yr. CAGR %	8.12	7.18	7.63	3.62	47.78
Common Equity, 3 Yr. CAGR %	8.07	7.15	7.61	3.62	59.23
Cash From Operations, 3 Yr. CAGR %	15.36	-3.67	1.97	-22.41	-51.76
Capital Expenditures, 3 Yr. CAGR %	0	0	-17.02	-	65.4
Levered Free Cash Flow, 3 Yr. CAGR %	8.54	9.36	-5.5	-12.93	91.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	7.97	9.02	-2.29	-12.53	89.24
Dividend Per Share, 3 Yr. CAGR %	-5.9	1.61	-	-	-18.07
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.01	5.21	2.07	-4.98	33.03
Gross Profit, 5 Yr. CAGR %	4.64	4.96	1.61	-9.86	23.16
EBITDA, 5 Yr. CAGR %	4.6	5.13	0.87	-14.51	10.3
EBITA, 5 Yr. CAGR %	4.55	5.15	0.87	-14.57	10.12
EBIT, 5 Yr. CAGR %	4.55	5.15	0.87	-14.57	9.02
Earnings From Cont. Operations, 5 Yr. CAGR %	4.9	-4.88	-0.66	-16.82	10.53
Net Income, 5 Yr. CAGR %	4.9	-4.88	-0.66	-16.82	10.53
Normalized Net Income, 5 Yr. CAGR %	5	5.41	0.78	-14.55	9.36
Diluted EPS Before Extra, 5 Yr. CAGR %	4.89	-4.79	0.32	-15.18	-16.52
Accounts Receivable, 5 Yr. CAGR %	46.8	35.1	24.57	-14.23	34
Inventory, 5 Yr. CAGR %	5.72	6.05	4.55	1.71	26.4
Net Property, Plant and Equip., 5 Yr. CAGR %	8.02	9.34	16.36	12.63	38.69
Total Assets, 5 Yr. CAGR %	5.81	7.62	5.29	1.88	33.4
Tangible Book Value, 5 Yr. CAGR %	12.5	9.59	6.46	5.64	31.1
Common Equity, 5 Yr. CAGR %	12.45	9.57	6.44	5.62	37.09
Cash From Operations, 5 Yr. CAGR %	31.27	15.32	-4.41	-13.43	-27.77
Capital Expenditures, 5 Yr. CAGR %	-19.73	31.95	14.87	-	20.92
Levered Free Cash Flow, 5 Yr. CAGR %	19.88	67.28	-5.53	-12.06	74.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	23.56	58.41	-5.37	-11.72	75.21
Dividend Per Share, 5 Yr. CAGR %	18.47	12.38	0.4	-	-