Ninety One Ltd
JSE:NY1
Income Statement
Earnings Waterfall
Ninety One Ltd
Income Statement
Ninety One Ltd
| Mar-2020 | Sep-2020 | Mar-2021 | Sep-2021 | Mar-2022 | Sep-2022 | Mar-2023 | Sep-2023 | Mar-2024 | Sep-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||
| Interest Expense |
3
|
3
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
3
|
3
|
3
|
|
| Revenue |
761
N/A
|
747
-2%
|
756
+1%
|
790
+4%
|
795
+1%
|
784
-1%
|
746
-5%
|
711
-5%
|
698
-2%
|
691
-1%
|
700
+1%
|
714
+2%
|
|
| Gross Profit | |||||||||||||
| Cost of Revenue |
(151)
|
(139)
|
(131)
|
(133)
|
(131)
|
(124)
|
(118)
|
(114)
|
(109)
|
(106)
|
(105)
|
(105)
|
|
| Gross Profit |
610
N/A
|
608
0%
|
625
+3%
|
656
+5%
|
664
+1%
|
659
-1%
|
627
-5%
|
598
-5%
|
589
-2%
|
585
-1%
|
595
+2%
|
609
+2%
|
|
| Operating Income | |||||||||||||
| Operating Expenses |
(413)
|
(409)
|
(423)
|
(430)
|
(416)
|
(421)
|
(424)
|
(403)
|
(391)
|
(396)
|
(411)
|
(422)
|
|
| Selling, General & Administrative |
(275)
|
(333)
|
(408)
|
(416)
|
(401)
|
(406)
|
(414)
|
(397)
|
(348)
|
(350)
|
(363)
|
(373)
|
|
| Depreciation & Amortization |
(13)
|
(15)
|
(17)
|
(16)
|
(15)
|
(15)
|
(15)
|
(14)
|
(14)
|
(14)
|
(14)
|
(15)
|
|
| Other Operating Expenses |
(125)
|
(61)
|
2
|
1
|
0
|
0
|
5
|
8
|
(30)
|
(32)
|
(35)
|
(34)
|
|
| Operating Income |
197
N/A
|
198
+1%
|
202
+2%
|
226
+12%
|
248
+10%
|
238
-4%
|
203
-15%
|
194
-4%
|
197
+1%
|
189
-4%
|
184
-3%
|
187
+2%
|
|
| Pre-Tax Income | |||||||||||||
| Interest Income Expense |
(0)
|
(2)
|
9
|
4
|
5
|
7
|
10
|
12
|
20
|
18
|
21
|
26
|
|
| Non-Reccuring Items |
2
|
5
|
(6)
|
12
|
15
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
|
| Pre-Tax Income |
199
N/A
|
201
+1%
|
204
+1%
|
241
+18%
|
267
+11%
|
246
-8%
|
213
-13%
|
206
-3%
|
217
+5%
|
206
-5%
|
204
-1%
|
213
+4%
|
|
| Net Income | |||||||||||||
| Tax Provision |
(43)
|
(45)
|
(50)
|
(58)
|
(62)
|
(57)
|
(49)
|
(48)
|
(53)
|
(53)
|
(54)
|
(55)
|
|
| Income from Continuing Operations |
156
|
156
|
155
|
183
|
205
|
189
|
164
|
158
|
164
|
153
|
150
|
158
|
|
| Income to Minority Interest |
(1)
|
(1)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
155
N/A
|
156
+0%
|
154
-1%
|
183
+19%
|
205
+12%
|
189
-8%
|
164
-13%
|
158
-3%
|
164
+3%
|
153
-6%
|
150
-2%
|
158
+5%
|
|
| EPS (Diluted) |
0.17
N/A
|
0.17
N/A
|
0.17
N/A
|
0.2
+18%
|
0.22
+10%
|
0.21
-5%
|
0.18
-14%
|
0.18
N/A
|
0.18
N/A
|
0.17
-6%
|
0.17
N/A
|
0.18
+6%
|
|