Income Statement SDL

Stocks

SDL

GB0009376368

Delayed London S.E.			5-day change	1st Jan Change
- ^GBX	-.--%		-2.08%	+10.74%

06-27	SDL Limited Reports Earnings Results for the Full Year Ended September 30, 2025	CI
21-09-22	RWS : Launches Share Issue Under SDL's Sharesave Scheme	MT

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Published financial data: SDL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2017 (GBP)	2018 (GBP)	2019 (GBP)	2024 (GBP)	2025 (GBP)
Revenues	286M	323M	376M	109M	103M
Total Revenues	286M	323M	376M	109M	103M
Cost of Goods Sold, Total	137M	154M	180M	56.6M	61.3M
Gross Profit	149M	169M	196M	52.8M	42.1M
Selling General & Admin Expenses, Total	97M	122M	134M	57.9M	70.5M
Provision for Bad Debts	200K	-	-	-	-
R&D Expenses	26.4M	17.6M	24.4M	-	-
Depreciation & Amortization - (IS)	2.9M	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	4M	2.4M	4.4M	-	-
Other Operating Expenses, Total	130M	142M	163M	57.9M	70.5M
Operating Income	18.5M	27.1M	32.8M	-5.1M	-28.4M
Interest Expense, Total	-	-500K	-2.7M	-22.7M	-18.6M
Interest And Investment Income	-	-	-	11.6M	6.3M
Net Interest Expenses	-	-500K	-2.7M	-11.1M	-12.3M
Currency Exchange Gains (Loss)	-500K	-500K	-	-	-
EBT, Excl. Unusual Items	18M	26.1M	30.1M	-16.2M	-40.7M
Restructuring Charges	-2.1M	-4.1M	-2.5M	-1.8M	-4M
Merger & Related Restructuring Charges	-	-2.8M	-100K	-5.8M	-5.2M
Impairment of Goodwill	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-900K	-800K	-500K	-1.1M	-2.4M
EBT, Incl. Unusual Items	15M	18.4M	27M	-24.9M	-52.3M
Income Tax Expense	1.2M	3.6M	7.4M	-4M	-10.9M
Earnings From Continuing Operations	13.8M	14.8M	19.6M	-20.9M	-41.4M
Earnings Of Discontinued Operations	14.7M	-	-	-	-
Net Income to Company	28.5M	14.8M	19.6M	-20.9M	-41.4M
Net Income - (IS)	28.5M	14.8M	19.6M	-20.9M	-41.4M
Net Income to Common Incl Extra Items	28.5M	14.8M	19.6M	-20.9M	-41.4M
Net Income to Common Excl. Extra Items	13.8M	14.8M	19.6M	-20.9M	-41.4M
Per Share Items
Net EPS - Basic	0.35	0.17	0.22	-	-0.45
Basic EPS - Continuing Operations	0.17	0.17	0.22	-	-0.45
Basic Weighted Average Shares Outstanding	81.95M	86.15M	90.76M	-	93.01M
Net EPS - Diluted	0.35	0.17	0.21	-	-0.45
Diluted EPS - Continuing Operations	0.17	0.17	0.21	-	-0.45
Diluted Weighted Average Shares Outstanding	82.14M	87.81M	92.83M	-	93.01M
Normalized Basic EPS	0.14	0.19	0.21	-	-0.27
Normalized Diluted EPS	0.14	0.19	0.2	-	-0.27
Dividend Per Share	0.06	0.07	-	-	-
Payout Ratio	17.89	34.46	32.14	-	-
Supplemental Items
EBITDA	25.4M	32.6M	40.5M	3.7M	-16.3M
EBITA	22.5M	29.5M	37.2M	-5.1M	-28.4M
EBIT	18.5M	27.1M	32.8M	-5.1M	-28.4M
EBITDAR	32.4M	41M	44.6M	-	-
Total Revenues (As Reported)	286M	323M	-	-	-
Effective Tax Rate - (Ratio)	8	19.57	27.41	16.06	20.84
Current Domestic Taxes	-	1.5M	-	-	-
Current Foreign Taxes	8.2M	-300K	-	-	-
Total Current Taxes	8.2M	1.2M	6.2M	-6.2M	-2.9M
Total Deferred Taxes	-6.8M	2.4M	1.2M	2.2M	-8M
Normalized Net Income	11.25M	16.31M	18.81M	-10.12M	-25.44M
Interest on Long-Term Debt	-	500K	2.7M	22.7M	18.6M
Supplemental Operating Expense Items
General and Administrative Expenses	90M	113M	130M	57.9M	70.5M
Research And Development Expense From Footnotes	26.4M	18.7M	24.4M	2.3M	2.9M
Net Rental Expense, Total	7M	8.4M	4.1M	-	-
Imputed Operating Lease Interest Expense	-	-	4.74M	-	-
Imputed Operating Lease Depreciation	-	-	-636K	-	-
Stock-Based Comp., G&A Exp. (Total)	200K	1.9M	2.4M	2.1M	2.3M
Total Stock-Based Compensation	200K	1.9M	2.4M	2.1M	2.3M

Fiscal Period: September	2017 (GBP)	2018 (GBP)	2019 (GBP)	2024 (GBP)	2025 (GBP)
Assets
Cash And Equivalents	22.7M	19.8M	26.3M	9.4M	2.7M
Total Cash And Short Term Investments	22.7M	19.8M	26.3M	9.4M	2.7M
Accounts Receivable, Total	61.2M	96.4M	93.8M	-	-
Other Receivables	13.4M	6.6M	4.3M	-	-
Total Receivables	74.6M	103M	98.1M	-	-
Prepaid Expenses	10.7M	11.9M	7.8M	-	-
Other Current Assets, Total	-	1.9M	2.1M	272M	227M
Total Current Assets	108M	137M	134M	282M	230M
Gross Property Plant And Equipment	38.2M	40.1M	71.8M	18.2M	18.7M
Accumulated Depreciation	-28.6M	-31M	-31.3M	-11.7M	-12.9M
Net Property Plant And Equipment	9.6M	9.1M	40.5M	6.5M	5.8M
Long-term Investments	-	-	-	258M	263M
Goodwill	142M	169M	162M	-	-
Other Intangibles, Total	8.3M	44.5M	40.3M	39.8M	38.6M
Deferred Tax Assets Long-Term	11.2M	8.9M	7M	-	-
Deferred Charges Long-Term	2.5M	9.8M	13.2M	6.8M	6.7M
Other Long-Term Assets, Total	1.9M	2.4M	5.7M	-	-
Total Assets	284M	381M	403M	593M	544M
Liabilities
Accounts Payable, Total	8.1M	10.4M	9M	3.7M	3.8M
Accrued Expenses, Total	22.7M	50.1M	41.7M	9.4M	3.7M
Short-term Borrowings	-	-	-	178M	156M
Current Portion of Leases	-	-	7.6M	800K	900K
Current Income Taxes Payable	10.6M	11.2M	6.8M	1.1M	1.4M
Unearned Revenue Current, Total	37.6M	39.8M	37.7M	13.1M	13.4M
Other Current Liabilities	11.5M	5.5M	4.3M	176M	160M
Total Current Liabilities	90.5M	117M	107M	383M	340M
Long-Term Debt	-	5.4M	-	34.3M	69.3M
Long-Term Leases	-	-	24.4M	6M	5.3M
Unearned Revenue Non Current	700K	700K	1.9M	-	-
Deferred Tax Liability Non Current	400K	8.7M	8M	1.1M	-
Other Non Current Liabilities	2.9M	3.3M	9.4M	800K	600K
Total Liabilities	94.5M	135M	151M	425M	415M
Common Stock, Total	800K	900K	900K	900K	900K
Additional Paid In Capital	101M	136M	137M	138M	138M
Retained Earnings	63.1M	79.3M	94.5M	29.7M	-10.4M
Comprehensive Income and Other	24.5M	29.4M	20.3M	-400K	-200K
Total Common Equity	189M	246M	252M	168M	128M
Total Equity	189M	246M	252M	168M	128M
Total Liabilities And Equity	284M	381M	403M	593M	544M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	82.3M	90.6M	90.9M	-	93.01M
ECS Total Common Shares Outstanding	82.3M	90.6M	90.9M	-	93.01M
Book Value / Share	2.3	2.71	2.78	-	1.38
Tangible Book Value	38.7M	31.7M	49.9M	128M	89.6M
Tangible Book Value Per Share	0.47	0.35	0.55	-	0.96
Total Debt	0	5.4M	32M	220M	232M
Net Debt	-22.7M	-14.4M	5.7M	210M	229M
Debt Equivalent Oper. Leases	56M	67.2M	32.8M	-	-
Account Code - Inventory Valuation	3	3	3	-	3
Machinery, Total	32.7M	34.5M	34.5M	4.2M	4.7M
Full Time Employees	3.7K	4.15K	4.3K	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	1.7M	3.6M	2.3M	-	-

Fiscal Period: September	2017 (GBP)	2018 (GBP)	2019 (GBP)	2024 (GBP)	2025 (GBP)
Net Income	28.5M	14.8M	19.6M	-	-
Depreciation & Amortization - CF	2.9M	3.1M	9.3M	-	-
Amortization of Goodwill and Intangible Assets - (CF)	4M	2.4M	4.4M	-	-
Depreciation & Amortization, Total	6.9M	5.5M	13.7M	-	-
Amortization of Deferred Charges, Total - (CF)	-	2.2M	5.1M	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
Stock-Based Compensation (CF)	200K	1.9M	2.4M	-	-
Net Cash From Discontinued Operations	-20.6M	-	-	-	-
Other Operating Activities, Total	-1.3M	1M	3.9M	-	-
Change In Accounts Receivable	-1.7M	-8.2M	6.4M	-	-
Change In Accounts Payable	-11.4M	18.8M	-10.4M	-	-
Cash from Operations	600K	36M	40.7M	-	-
Capital Expenditure	-6.3M	-2.2M	-5.6M	-	-
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-59.2M	1.3M	-	-
Sale (Purchase) of Intangible assets	-9.6M	-12.2M	-10.1M	-	-
Other Investing Activities, Total	22.2M	-	-	-	-
Cash from Investing	6.3M	-73.6M	-14.4M	-	-
Long-Term Debt Issued, Total	-	19.6M	26.2M	-	-
Total Debt Issued	-	19.6M	26.2M	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-14.4M	-38.4M	-	-
Total Debt Repaid	-	-14.4M	-38.4M	-	-
Issuance of Common Stock	1.2M	35.4M	-	-	-
Common Dividends Paid	-5.1M	-5.1M	-6.3M	-	-
Common & Preferred Stock Dividends Paid	-5.1M	-5.1M	-6.3M	-	-
Other Financing Activities, Total	-	-1.4M	-700K	-	-
Cash from Financing	-3.9M	34.1M	-19.2M	-	-
Foreign Exchange Rate Adjustments	-1.6M	600K	-600K	-	-
Net Change in Cash	1.4M	-2.9M	6.5M	-	-
Supplemental Items
Cash Interest Paid	-	1.4M	700K	-	-
Cash Income Tax Paid (Refund)	2.9M	2.8M	7.1M	-	-
Levered Free Cash Flow	-7.44M	11.42M	15.61M	-	-
Unlevered Free Cash Flow	-7.44M	11.74M	17.3M	-	-
Change In Net Working Capital	10.2M	400K	8.7M	-	-24.7M
Net Debt Issued / Repaid	-	5.2M	-12.2M	-	-

Fiscal Period: September	2017 (GBP)	2018 (GBP)	2019 (GBP)	2024 (GBP)	2025 (GBP)
Profitability
Return on Assets	4.12	5.06	5.23	-	-3.12
Return on Total Capital	6.46	7.62	7.66	-	-4.75
Return On Equity %	7.71	6.74	7.87	-	-27.94
Return on Common Equity	7.71	6.74	7.87	-	-27.94
Margin Analysis
Gross Profit Margin %	52.15	52.21	52.09	48.26	40.72
SG&A Margin	33.95	37.64	35.72	52.92	68.18
EBITDA Margin %	8.89	10.08	10.76	3.38	-15.76
EBITA Margin %	7.88	9.12	9.89	-4.66	-27.47
EBIT Margin %	6.48	8.38	8.72	-4.66	-27.47
Income From Continuing Operations Margin %	4.83	4.58	5.21	-19.1	-40.04
Net Income Margin %	9.98	4.58	5.21	-19.1	-40.04
Net Avail. For Common Margin %	4.83	4.58	5.21	-19.1	-40.04
Normalized Net Income Margin	3.94	5.05	5	-9.26	-24.6
Levered Free Cash Flow Margin	-2.6	3.53	4.15	-	-
Unlevered Free Cash Flow Margin	-2.6	3.63	4.6	-	-
Asset Turnover
Asset Turnover	1.02	0.97	0.96	-	0.18
Fixed Assets Turnover	38.35	34.58	15.17	-	16.81
Receivables Turnover (Average Receivables)	4.75	3.78	3.96	-	-
Short Term Liquidity
Current Ratio	1.19	1.17	1.25	0.74	0.67
Quick Ratio	1.08	1.05	1.16	0.02	0.01
Operating Cash Flow to Current Liabilities	0.01	0.31	0.38	-	-
Days Sales Outstanding (Average Receivables)	76.85	96.53	92.24	-	-
Average Days Payable Outstanding	20.43	21.85	19.64	-	22.33
Long Term Solvency
Total Debt/Equity	-	2.2	12.67	130.58	180.97
Total Debt / Total Capital	-	2.15	11.25	56.63	64.41
LT Debt/Equity	-	2.2	9.66	23.97	58.19
Long-Term Debt / Total Capital	-	2.15	8.58	10.4	20.71
Total Liabilities / Total Assets	33.32	35.49	37.39	71.65	76.41
EBIT / Interest Expense	-	54.2	12.15	-0.22	-1.53
EBITDA / Interest Expense	-	65.2	17.22	0.16	-0.88
(EBITDA - Capex) / Interest Expense	-	60.8	15.15	0.16	-0.88
Total Debt / EBITDA	-	0.17	0.69	59.32	-14.23
Net Debt / EBITDA	-0.89	-0.44	0.12	56.78	-14.07
Total Debt / (EBITDA - Capex)	-	0.18	0.78	59.32	-14.23
Net Debt / (EBITDA - Capex)	-1.19	-0.47	0.14	56.78	-14.07
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.93	12.57	16.39	-	-5.48
Gross Profit, 1 Yr. Growth %	3.47	12.16	16.11	-	-20.27
EBITDA, 1 Yr. Growth %	-21.36	18.98	26.17	-	-540.54
EBITA, 1 Yr. Growth %	-21.88	20.41	28.28	-	456.86
EBIT, 1 Yr. Growth %	-21.61	32.2	23.31	-	456.86
Earnings From Cont. Operations, 1 Yr. Growth %	66.26	-3.9	32.43	-	98.09
Net Income, 1 Yr. Growth %	-257.46	-50.83	32.43	-	98.09
Normalized Net Income, 1 Yr. Growth %	-17.43	30.5	15.33	-	151.23
Diluted EPS Before Extra, 1 Yr. Growth %	66.34	-10.07	24.85	-	-
Accounts Receivable, 1 Yr. Growth %	3.55	29.22	-2.7	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	81.13	-5.21	345.05	-	-10.77
Total Assets, 1 Yr. Growth %	2.05	31.64	5.94	-	-8.35
Tangible Book Value, 1 Yr. Growth %	130.36	-26.96	57.41	-	-30.16
Common Equity, 1 Yr. Growth %	12.09	26.73	2.81	-	-23.74
Cash From Operations, 1 Yr. Growth %	-95.04	5.9K	13.06	-	-
Capital Expenditures, 1 Yr. Growth %	173.91	-65.08	154.55	-	-
Levered Free Cash Flow, 1 Yr. Growth %	-136.55	-205.91	40.49	-	-
Unlevered Free Cash Flow, 1 Yr. Growth %	-136.55	-208.81	51.42	-	-
Dividend Per Share, 1 Yr. Growth %	0	12.9	-	-	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.02	10.52	14.47	-	-
Gross Profit, 2 Yr. CAGR %	5.29	8.27	14.12	-	-
EBITDA, 2 Yr. CAGR %	-22.96	0.46	21.58	-	-
EBITA, 2 Yr. CAGR %	-24.24	1.21	23.22	-	-
EBIT, 2 Yr. CAGR %	-24.55	7.16	26.49	-	-
Earnings From Cont. Operations, 2 Yr. CAGR %	29.73	33.53	12.82	-	-
Net Income, 2 Yr. CAGR %	-3.65	-9.57	-19.31	-	-
Normalized Net Income, 2 Yr. CAGR %	-29.48	9.42	22.68	-	-
Diluted EPS Before Extra, 2 Yr. CAGR %	28.53	29.35	5.96	-	-
Accounts Receivable, 2 Yr. CAGR %	4.17	27.72	12.13	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	23.44	31.03	105.4	-	-
Total Assets, 2 Yr. CAGR %	2.41	17.04	18.09	-	-
Tangible Book Value, 2 Yr. CAGR %	219.13	37.36	7.23	-	-
Common Equity, 2 Yr. CAGR %	6.44	20.66	14.14	-	-
Cash From Operations, 2 Yr. CAGR %	-68.89	72.49	723.61	-	-
Capital Expenditures, 2 Yr. CAGR %	52.75	-2.2	-5.72	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-45.83	-25.07	20.3	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-45.9	-24.05	26.64	-	-
Dividend Per Share, 2 Yr. CAGR %	41.42	6.26	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.14	10.38	12.44	-	-
Gross Profit, 3 Yr. CAGR %	0.34	7.89	10.82	-	-
EBITDA, 3 Yr. CAGR %	9.59	-8.67	7.83	-	-
EBITA, 3 Yr. CAGR %	15.51	-9.04	8.91	-	-
EBIT, 3 Yr. CAGR %	35.12	-5.88	11.6	-	-
Earnings From Cont. Operations, 3 Yr. CAGR %	27.87	21.75	33.17	-	-
Net Income, 3 Yr. CAGR %	62.84	-21.59	2.69	-	-
Normalized Net Income, 3 Yr. CAGR %	24.18	-10.33	11.35	-	-
Diluted EPS Before Extra, 3 Yr. CAGR %	28.22	18.45	27.84	-	-
Accounts Receivable, 3 Yr. CAGR %	5.04	19.56	16.65	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	9.06	13.04	96.97	-	-
Total Assets, 3 Yr. CAGR %	-3.01	12.08	13.22	-	-
Tangible Book Value, 3 Yr. CAGR %	326.17	102.81	43.75	-	-
Common Equity, 3 Yr. CAGR %	-2.19	13.74	14.39	-	-
Cash From Operations, 3 Yr. CAGR %	-67.99	79.74	49.83	-	-
Capital Expenditures, 3 Yr. CAGR %	37.95	-6.6	34.53	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-28.95	-23.33	-8.45	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-29.23	-22.7	-5.27	-	-
Dividend Per Share, 3 Yr. CAGR %	35.36	31.19	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	1.19	3.97	7.64	-	-
Gross Profit, 5 Yr. CAGR %	-0.35	2.94	5.85	-	-
EBITDA, 5 Yr. CAGR %	-9.18	18.93	15.98	-	-
EBITA, 5 Yr. CAGR %	-9.47	27.96	20.57	-	-
EBIT, 5 Yr. CAGR %	-8.54	89.81	34.33	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-7.97	-11.91	24.32	-	-
Net Income, 5 Yr. CAGR %	6.4	-11.91	24.32	-	-
Normalized Net Income, 5 Yr. CAGR %	-9.47	106.21	26.21	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.35	-13.44	21.5	-	-
Accounts Receivable, 5 Yr. CAGR %	3.96	12.71	12.18	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	1.76	-1.06	40.49	-	-
Total Assets, 5 Yr. CAGR %	-3.78	3.99	5.35	-	-
Tangible Book Value, 5 Yr. CAGR %	42.01	20.46	151.09	-	-
Common Equity, 5 Yr. CAGR %	-3.66	4.56	4.55	-	-
Cash From Operations, 5 Yr. CAGR %	-49.06	45.61	17.34	-	-
Capital Expenditures, 5 Yr. CAGR %	3.13	-18.45	18.47	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-23.72	8.57	-5.52	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-23.85	8.27	-3.79	-	-
Dividend Per Share, 5 Yr. CAGR %	0.33	-	-	-	-