SMS — Smart Metering Systems Income Statement

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Annual income statement for Smart Metering Systems, fiscal year end - December 31st, GBP millions except per share, conversion factor applied.

	2021 December 31st	2022 December 31st	2023 December 31st	2024 December 31st	2025 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	ARS	ARS	ARS	ARS	ARS
Standards:	IFRS	IFRS	IFRS	IFRS	IFRS
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	108	136	173	199	191
Cost of Revenue
Gross Profit	60.2	70	92.6	106	108
Selling / General / Administrative Expenses
Research And Development
Depreciation and Amortization
Operating Interest Expense / Income
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	96.7	115	143	186	198
Operating Profit	11.8	20.1	29.5	13	-6.71
Total Net Non Operating Interest Income / Expense
Total Net Non Operating Interest Income / Expense
Other Net Non Operating Costs
Net Income Before Taxes	8.29	16	17.1	-7.41	-20
Provision for Income Taxes
Net Income After Taxes	3.79	14.9	12.4	-11.2	-23.1
Minority Interest
Net Income Before Extraordinary Items
Net Income	3.79	14.9	12.4	-11.2	-22.9
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Dilution Adjustment
Diluted Net Income	3.79	14.9	12.4	-11.2	-22.9
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	0.138	0.194	0.196	0.159	0.078
Dividends per Share