Income Statement Bytes Technology Group plc

Equities

BYIT

GB00BMH18Q19

Software

Market Closed - London S.E. Other stock markets 09:05:17 05/06/2026 pm IST			5-day change	1st Jan Change
375.00 ^GBX	-1.83%		+5.04%	+4.57%

13/05	RBC cuts Intertek; Jefferies likes IMI	AN
12/05	Bytes Technology Group plc, 2026 Earnings Call, May 12, 2026

3d96e4182eb8d95d0712c53051b.-qgLfLJLP-IvMFLHlHDhiJsXBrEXvE7zNKnNguuR5hA.jMlIF-UZCqEbZX-I1z6Q_tZYK-Zu5hGrQPz985nFl1yVnGMZ4jl-g0pDPQ

Published financial data: BYTES TECHNOLOGY GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2022	2023	2024	2025	2026
Revenues	45Cr	18Cr	21Cr	22Cr	22Cr
Total Revenues	45Cr	18Cr	21Cr	22Cr	22Cr
Cost of Goods Sold, Total	34Cr	5.48Cr	6.12Cr	5.39Cr	5.33Cr
Gross Profit	11Cr	13Cr	15Cr	16Cr	17Cr
Selling General & Admin Expenses, Total	6.51Cr	7.78Cr	8.78Cr	9.69Cr	10Cr
Provision for Bad Debts	1L	9L	12.27L	-1L	3L
Depreciation & Amortization - (IS)	-	-	-	-	-
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses, Total	6.52Cr	7.87Cr	8.91Cr	9.68Cr	10Cr
Operating Income	4.22Cr	5.09Cr	5.67Cr	6.64Cr	6.27Cr
Interest Expense, Total	-6L	-5L	-4L	-3L	-3L
Interest And Investment Income	-	-	51.11L	84.86L	75.77L
Net Interest Expenses	-6L	-5L	47.18L	81.95L	72.58L
Income (Loss) On Equity Invest.	-	-	2L	-8T	-2L
EBT, Excl. Unusual Items	4.16Cr	5.04Cr	6.16Cr	7.46Cr	6.98Cr
Merger & Related Restructuring Charges	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	4.16Cr	5.04Cr	6.16Cr	7.46Cr	6.98Cr
Income Tax Expense	87.12L	99.71L	1.47Cr	1.98Cr	1.86Cr
Earnings From Continuing Operations	3.29Cr	4.04Cr	4.69Cr	5.48Cr	5.13Cr
Net Income to Company	3.29Cr	4.04Cr	4.69Cr	5.48Cr	5.13Cr
Net Income - (IS)	3.29Cr	4.04Cr	4.69Cr	5.48Cr	5.13Cr
Net Income to Common Incl Extra Items	3.29Cr	4.04Cr	4.69Cr	5.48Cr	5.13Cr
Net Income to Common Excl. Extra Items	3.29Cr	4.04Cr	4.69Cr	5.48Cr	5.13Cr
Per Share Items
Net EPS - Basic	0.14	0.17	0.2	0.23	0.21
Basic EPS - Continuing Operations	0.14	0.17	0.2	0.23	0.21
Basic Weighted Average Shares Outstanding	24Cr	24Cr	24Cr	24Cr	24Cr
Net EPS - Diluted	0.13	0.16	0.19	0.22	0.21
Diluted EPS - Continuing Operations	0.13	0.16	0.19	0.22	0.21
Diluted Weighted Average Shares Outstanding	24Cr	25Cr	25Cr	25Cr	25Cr
Normalized Basic EPS	0.11	0.13	0.16	0.19	0.18
Normalized Diluted EPS	0.11	0.13	0.15	0.19	0.18
Dividend Per Share	0.06	0.08	0.09	0.1	0.1
Payout Ratio	14.58	75.84	39.87	39.95	47.48
Supplemental Items
EBITDA	4.46Cr	5.31Cr	5.87Cr	6.84Cr	6.48Cr
EBITA	4.38Cr	5.22Cr	5.76Cr	6.73Cr	6.36Cr
EBIT	4.22Cr	5.09Cr	5.67Cr	6.64Cr	6.27Cr
EBITDAR	4.46Cr	5.32Cr	5.89Cr	6.87Cr	6.52Cr
Effective Tax Rate - (Ratio)	20.96	19.79	23.94	26.5	26.56
Total Current Taxes	87.12L	1.05Cr	1.58Cr	1.92Cr	1.63Cr
Total Deferred Taxes	-	-6L	-10.62L	6L	22.15L
Normalized Net Income	2.6Cr	3.15Cr	3.85Cr	4.66Cr	4.36Cr
Interest on Long-Term Debt	57T	48T	63T	67T	80T
Supplemental Operating Expense Items
General and Administrative Expenses	6.5Cr	7.77Cr	8.76Cr	9.66Cr	10Cr
Net Rental Expense, Total	16T	25T	2L	3L	4L
Imputed Operating Lease Interest Expense	59.02T	90.55T	6L	4L	6L
Imputed Operating Lease Depreciation	-43.02T	-65.55T	-3L	-93.01T	-1L
Stock-Based Comp., G&A Exp. (Total)	-	-	-	50.49L	8L
Stock-Based Comp., Other (Total)	25.63L	41.88L	57.08L	-	-
Total Stock-Based Compensation	25.63L	41.88L	57.08L	50.49L	8L

Fiscal Period: February	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	6.71Cr	7.3Cr	8.88Cr	11Cr	9.86Cr
Total Cash And Short Term Investments	6.71Cr	7.3Cr	8.88Cr	11Cr	9.86Cr
Accounts Receivable, Total	16Cr	19Cr	22Cr	27Cr	30Cr
Other Receivables	17.2L	58.96L	74.15L	69.17L	82.77L
Total Receivables	16Cr	19Cr	23Cr	28Cr	31Cr
Inventory	96T	58T	60T	14T	-
Prepaid Expenses	11.81L	16.38L	19.68L	23.13L	29.44L
Total Current Assets	23Cr	27Cr	32Cr	39Cr	41Cr
Gross Property Plant And Equipment	1.58Cr	1.68Cr	1.85Cr	2.55Cr	2.49Cr
Accumulated Depreciation	-69.67L	-79.39L	-89.78L	-1.05Cr	-91.3L
Net Property Plant And Equipment	88.57L	88.44L	94.84L	1.5Cr	1.58Cr
Long-term Investments	-	-	31.93L	31.85L	30.27L
Goodwill	3.75Cr	3.75Cr	3.75Cr	3.75Cr	3.75Cr
Other Intangibles, Total	54.59L	43.52L	35.58L	61.76L	90.45L
Accounts Receivable Long-Term	1L	4L	26.89L	17.73L	7L
Deferred Tax Assets Long-Term	-	-	8L	59T	-
Total Assets	28Cr	32Cr	38Cr	46Cr	47Cr
Liabilities
Accounts Payable, Total	13Cr	14Cr	17Cr	18Cr	22Cr
Accrued Expenses, Total	8.82Cr	9.34Cr	11Cr	15Cr	14Cr
Current Portion of Leases	2L	75T	4L	7L	8L
Current Income Taxes Payable	-	36T	2L	4L	-
Unearned Revenue Current, Total	1.45Cr	2.39Cr	1.93Cr	2.52Cr	2.72Cr
Total Current Liabilities	23Cr	26Cr	30Cr	35Cr	39Cr
Long-Term Leases	10L	9L	13.14L	12.69L	11.38L
Unearned Revenue Non Current	14.95L	19.76L	21.37L	20.34L	20.67L
Deferred Tax Liability Non Current	11.89L	6L	-	-	25.87L
Total Liabilities	24Cr	26Cr	30Cr	36Cr	39Cr
Common Stock, Total	23.95L	23.95L	24.04L	24.11L	23.64L
Additional Paid In Capital	63Cr	63Cr	63Cr	64Cr	64Cr
Retained Earnings	5.28Cr	6.26Cr	7.56Cr	8.87Cr	7.08Cr
Comprehensive Income and Other	-64Cr	-64Cr	-63Cr	-63Cr	-63Cr
Total Common Equity	4.76Cr	6.15Cr	7.83Cr	9.8Cr	8.11Cr
Total Equity	4.76Cr	6.15Cr	7.83Cr	9.8Cr	8.11Cr
Total Liabilities And Equity	28Cr	32Cr	38Cr	46Cr	47Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	24Cr	24Cr	24Cr	24Cr	24Cr
ECS Total Common Shares Outstanding	24Cr	24Cr	24Cr	24Cr	24Cr
Book Value / Share	0.2	0.26	0.33	0.41	0.34
Tangible Book Value	46.15L	1.97Cr	3.73Cr	5.44Cr	3.46Cr
Tangible Book Value Per Share	0.02	0.08	0.16	0.23	0.15
Total Debt	11.77L	10L	17.37L	19.37L	19.8L
Net Debt	-6.59Cr	-7.2Cr	-8.71Cr	-11Cr	-9.67Cr
Debt Equivalent Oper. Leases	1L	2L	20L	27.84L	34.64L
Equity Method Investments, Total	-	-	31.93L	31.85L	30.27L
Account Code - Inventory Valuation	5	5	5	5	5
Land - (BS)	89.21L	94.05L	97.78L	1.55Cr	1.59Cr
Machinery, Total	52.81L	57.56L	64.16L	69.89L	52.33L
Full Time Employees	773	930	1.06T	1.24T	1.33T
Accumulated Allowance for Doubtful Accounts (Supple)	8L	15.42L	24.9L	16.59L	12.86L

Fiscal Period: February	2022	2023	2024	2025	2026
Net Income	3.29Cr	4.04Cr	4.69Cr	5.48Cr	5.13Cr
Depreciation & Amortization - CF	10L	11.02L	13.36L	15.53L	18.82L
Amortization of Goodwill and Intangible Assets - (CF)	16.11L	13.06L	9L	9L	9L
Depreciation & Amortization, Total	25.83L	24.08L	22.16L	24.33L	27.62L
Amortization of Deferred Charges, Total - (CF)	25T	72T	2L	2L	3L
(Gain) Loss From Sale Of Asset	15T	3T	-	-	1T
(Income) Loss On Equity Investments - (CF)	-	-	-2L	8T	2L
Stock-Based Compensation (CF)	25.63L	41.88L	57.08L	50.49L	8L
Other Operating Activities, Total	-4L	-3L	-3L	9L	5L
Change In Accounts Receivable	-5.03Cr	-3.27Cr	-3.93Cr	-4.39Cr	-2.84Cr
Change In Inventories	5L	38T	-2T	46T	14T
Change In Accounts Payable	6.05Cr	1.41Cr	4.62Cr	4.96Cr	3.17Cr
Change in Unearned Revenues	36.61L	98.67L	-44.05L	57.94L	19.65L
Cash from Operations	5.2Cr	3.82Cr	5.7Cr	7.5Cr	6.1Cr
Capital Expenditure	-5L	-10.92L	-10.85L	-63.58L	-18.16L
Cash Acquisitions	-	-	-	-	-
Sale (Purchase) of Intangible assets	-1L	-3L	-2L	-37.09L	-40.97L
Investment in Marketable and Equity Securities, Total	-	-	-30.27L	-	-
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-6L	-13.63L	-43.61L	-1.01Cr	-59.13L
Long-Term Debt Repaid, Total	-3L	-2L	-2L	-6L	-9L
Total Debt Repaid	-3L	-2L	-2L	-6L	-9L
Issuance of Common Stock	-	-	23T	27.89L	51L
Repurchase of Common Stock	-	-	-	-	-2.5Cr
Common Dividends Paid	-47.9L	-3.07Cr	-1.87Cr	-2.19Cr	-2.43Cr
Common & Preferred Stock Dividends Paid	-47.9L	-3.07Cr	-1.87Cr	-2.19Cr	-2.43Cr
Special Dividend Paid	-	-	-1.8Cr	-2.09Cr	-2.43Cr
Other Financing Activities, Total	-	-	-	-	-2L
Cash from Financing	-50.48L	-3.09Cr	-3.68Cr	-4.07Cr	-6.96Cr
Net Change in Cash	4.64Cr	59.01L	1.58Cr	2.42Cr	-1.44Cr
Supplemental Items
Cash Interest Paid	5L	4L	3L	2L	2L
Cash Income Tax Paid (Refund)	91.38L	1.03Cr	1.51Cr	1.89Cr	1.81Cr
Levered Free Cash Flow	4.52Cr	2.82Cr	4.68Cr	4.99Cr	3.91Cr
Unlevered Free Cash Flow	4.56Cr	2.85Cr	4.71Cr	5Cr	3.93Cr
Change In Net Working Capital	-1.47Cr	86.19L	-48.72L	-1.09Cr	-21.58L
Net Debt Issued / Repaid	-3L	-2L	-2L	-6L	-9L

Fiscal Period: February	2022	2023	2024	2025	2026
Profitability
Return on Assets	11.14	10.52	10.12	9.94	8.44
Return on Total Capital	78.8	57.18	49.73	46.12	42.83
Return On Equity %	102.17	74.12	67.01	62.19	57.25
Return on Common Equity	102.17	74.12	67.01	62.19	57.25
Margin Analysis
Gross Profit Margin %	23.97	70.26	70.42	75.19	75.86
SG&A Margin	14.52	42.16	42.43	44.64	47.28
EBITDA Margin %	9.95	28.82	28.34	31.48	29.37
EBITA Margin %	9.77	28.3	27.82	31	28.84
EBIT Margin %	9.41	27.59	27.39	30.59	28.44
Income From Continuing Operations Margin %	7.33	21.92	22.63	25.26	23.25
Net Income Margin %	7.33	21.92	22.63	25.26	23.25
Net Avail. For Common Margin %	7.33	21.92	22.63	25.26	23.25
Normalized Net Income Margin	5.8	17.08	18.6	21.48	19.79
Levered Free Cash Flow Margin	10.1	15.28	22.62	22.96	17.73
Unlevered Free Cash Flow Margin	10.18	15.45	22.74	23.05	17.82
Asset Turnover
Asset Turnover	1.89	0.61	0.59	0.52	0.47
Fixed Assets Turnover	49.21	20.84	22.59	17.72	14.32
Receivables Turnover (Average Receivables)	3.29	1.05	1	0.88	0.78
Inventory Turnover (Average Inventory)	991.49	712.31	1.04T	1.46T	-
Short Term Liquidity
Current Ratio	1	1.05	1.08	1.11	1.05
Quick Ratio	0.99	1.05	1.08	1.1	1.05
Operating Cash Flow to Current Liabilities	0.22	0.15	0.19	0.21	0.16
Days Sales Outstanding (Average Receivables)	110.88	346.94	365.31	414.69	469.5
Days Outstanding Inventory (Average Inventory)	0.37	0.51	0.35	0.25	-
Average Days Payable Outstanding	122.63	891.48	917.57	1.18T	-
Cash Conversion Cycle (Average Days)	-11.38	-544.03	-551.91	-764.05	-
Long Term Solvency
Total Debt/Equity	2.47	1.61	2.22	1.98	2.44
Total Debt / Total Capital	2.41	1.59	2.17	1.94	2.38
LT Debt/Equity	2.09	1.49	1.68	1.29	1.4
Long-Term Debt / Total Capital	2.04	1.47	1.64	1.27	1.37
Total Liabilities / Total Assets	83.23	80.83	79.37	78.46	82.89
EBIT / Interest Expense	71.57	103.63	144.31	228.27	196.65
EBITDA / Interest Expense	75.96	108.54	149.94	236.63	205.31
(EBITDA - Capex) / Interest Expense	75.12	106.31	147.18	214.78	199.62
Total Debt / EBITDA	0.03	0.02	0.03	0.03	0.03
Net Debt / EBITDA	-1.47	-1.35	-1.48	-1.61	-1.48
Total Debt / (EBITDA - Capex)	0.03	0.02	0.03	0.03	0.03
Net Debt / (EBITDA - Capex)	-1.49	-1.38	-1.51	-1.78	-1.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	13.81	26.46	12.25	4.88	1.58
Gross Profit, 1 Yr. Growth %	19.86	20.69	12.51	11.99	2.48
EBITDA, 1 Yr. Growth %	19.44	19.24	10.38	16.51	-5.21
EBITA, 1 Yr. Growth %	19.84	19.25	10.35	16.87	-5.49
EBIT, 1 Yr. Growth %	20.76	20.7	11.46	17.13	-5.56
Earnings From Cont. Operations, 1 Yr. Growth %	64.82	23.03	15.91	17.05	-6.49
Net Income, 1 Yr. Growth %	64.82	23.03	15.91	17.05	-6.49
Normalized Net Income, 1 Yr. Growth %	19.69	21.23	22.23	21.13	-6.41
Diluted EPS Before Extra, 1 Yr. Growth %	58.44	21.31	15.79	16.45	-5.51
Accounts Receivable, 1 Yr. Growth %	45.99	17.06	18.57	20.08	10.78
Inventory, 1 Yr. Growth %	-83.76	-39.58	3.45	-76.67	-
Net Property, Plant and Equip., 1 Yr. Growth %	-5.26	-0.15	7.24	58.46	5
Total Assets, 1 Yr. Growth %	49.6	13.12	18.38	19.89	4.15
Tangible Book Value, 1 Yr. Growth %	-116.65	325.83	89.73	45.83	-36.4
Common Equity, 1 Yr. Growth %	184.02	29.28	27.38	25.16	-17.26
Cash From Operations, 1 Yr. Growth %	66.7	-26.7	49.42	31.51	-18.57
Capital Expenditures, 1 Yr. Growth %	-18.45	120.61	-0.64	485.99	-71.44
Levered Free Cash Flow, 1 Yr. Growth %	224.23	-37.69	66.16	6.48	-21.55
Unlevered Free Cash Flow, 1 Yr. Growth %	224.06	-37.52	65.23	6.31	-21.44
Dividend Per Share, 1 Yr. Growth %	-	20.97	16	14.94	2
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.57	-31.55	19.14	8.51	3.22
Gross Profit, 2 Yr. CAGR %	16.42	20.27	16.53	12.25	7.13
EBITDA, 2 Yr. CAGR %	17.84	19.34	14.73	13.41	5.09
EBITA, 2 Yr. CAGR %	17.96	19.54	14.71	13.56	5.1
EBIT, 2 Yr. CAGR %	18.85	20.73	15.99	14.26	5.17
Earnings From Cont. Operations, 2 Yr. CAGR %	16.62	42.4	19.42	16.48	4.62
Net Income, 2 Yr. CAGR %	16.62	42.4	19.42	16.48	4.62
Normalized Net Income, 2 Yr. CAGR %	17.87	20.46	21.73	21.68	6.48
Diluted EPS Before Extra, 2 Yr. CAGR %	13.65	38.64	18.52	16.12	4.89
Accounts Receivable, 2 Yr. CAGR %	43.49	30.73	17.81	19.32	15.34
Inventory, 2 Yr. CAGR %	-62.65	-68.67	-20.94	-50.87	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.89	-2.74	3.48	30.35	28.99
Total Assets, 2 Yr. CAGR %	23.08	30.09	15.72	19.13	11.74
Tangible Book Value, 2 Yr. CAGR %	-32.1	-15.8	184.24	66.34	-3.69
Common Equity, 2 Yr. CAGR %	14.78	91.62	28.33	26.26	1.76
Cash From Operations, 2 Yr. CAGR %	18.49	10.54	4.65	40.18	3.48
Capital Expenditures, 2 Yr. CAGR %	-46.74	34.13	48.05	141.3	29.37
Levered Free Cash Flow, 2 Yr. CAGR %	-1.32	42.14	1.75	33.01	-8.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	-0.98	42.3	1.61	32.54	-8.61
Dividend Per Share, 2 Yr. CAGR %	-	-	18.46	15.47	8.28
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.61	-20.93	-19.28	14.19	6.15
Gross Profit, 3 Yr. CAGR %	19.06	17.82	17.63	14.99	8.89
EBITDA, 3 Yr. CAGR %	28.58	18.31	16.28	15.32	6.83
EBITA, 3 Yr. CAGR %	29.17	18.39	16.4	15.43	6.82
EBIT, 3 Yr. CAGR %	31.13	19.46	17.56	16.37	7.23
Earnings From Cont. Operations, 3 Yr. CAGR %	29.48	18.72	32.96	18.62	8.26
Net Income, 3 Yr. CAGR %	29.48	18.72	32.96	18.62	8.26
Normalized Net Income, 3 Yr. CAGR %	30.32	18.98	21.05	21.53	11.49
Diluted EPS Before Extra, 3 Yr. CAGR %	-	16.15	30.56	17.82	8.41
Accounts Receivable, 3 Yr. CAGR %	38.13	34.07	26.54	18.56	16.4
Inventory, 3 Yr. CAGR %	0.7	-56.15	-53.35	-47.36	-
Net Property, Plant and Equip., 3 Yr. CAGR %	6.28	-3.34	0.48	19.27	21.29
Total Assets, 3 Yr. CAGR %	25.06	19.67	26.06	17.09	13.91
Tangible Book Value, 3 Yr. CAGR %	-6.26	25.22	10.39	127.55	20.73
Common Equity, 3 Yr. CAGR %	4.11	19.43	67.24	27.26	9.67
Cash From Operations, 3 Yr. CAGR %	24.62	0.96	22.22	12.93	16.96
Capital Expenditures, 3 Yr. CAGR %	-22.49	-14.47	21.36	134.19	18.48
Levered Free Cash Flow, 3 Yr. CAGR %	25.69	-15.34	49.73	3.31	11.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	26.03	-15.07	49.56	3.15	11.33
Dividend Per Share, 3 Yr. CAGR %	-	-	-	17.27	10.79
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-10.54	-9.95	-10.26	-10.94
Gross Profit, 5 Yr. CAGR %	-	24.37	18.04	15.56	13.31
EBITDA, 5 Yr. CAGR %	-	35.06	22.85	16.32	11.67
EBITA, 5 Yr. CAGR %	-	35.71	23.18	16.43	11.74
EBIT, 5 Yr. CAGR %	-	36.69	24.85	17.35	12.44
Earnings From Cont. Operations, 5 Yr. CAGR %	-	37.96	25.36	17.82	20.8
Net Income, 5 Yr. CAGR %	-	37.96	25.36	17.82	20.8
Normalized Net Income, 5 Yr. CAGR %	-	36.52	26.82	20.05	14.99
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	16.14	19.62
Accounts Receivable, 5 Yr. CAGR %	-	31.95	29.62	27.97	21.94
Inventory, 5 Yr. CAGR %	-	-48.88	-8.59	-54.11	-
Net Property, Plant and Equip., 5 Yr. CAGR %	-	4.66	5.15	8.94	11.04
Total Assets, 5 Yr. CAGR %	-	22.6	21.24	19.45	20.12
Tangible Book Value, 5 Yr. CAGR %	-	4.62	46.1	40.28	4.52
Common Equity, 5 Yr. CAGR %	-	12.83	13.19	22.12	37.1
Cash From Operations, 5 Yr. CAGR %	-	28.68	16.21	15.12	14.35
Capital Expenditures, 5 Yr. CAGR %	-	36.91	0.41	29.51	24.5
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	15.5	1.43	22.9
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	15.62	1.48	22.82