BH Macro Limited

LSE:BHMG.LFinancial Services

——At close · Market cap —

BHMG.L · Income statement · TradingHolo

USD millions	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	YoY
Revenue	189.4	23.7	138.3	160.0	152.5	277.6	+82.1%
Cost of revenue	0.0	0.0	0.0	0.0	0.0	0.0	—
Gross profit	189.4	23.7	138.3	160.0	152.5	277.6	+82.1%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	7.8	11.7	26.2	93.5	94.3	126.5	+34.2%
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—
Operating expenses	7.8	11.7	26.2	93.5	94.3	126.5	+34.2%
Operating income	(46.7)	12.0	(93.3)	(17.2)	58.2	151.1	+159.6%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	—
Interest income	2.0	4.8	14.3	100.8	112.3	164.6	+46.6%
Other income / expense	228.3	(9.5)	205.4	83.7	(27.0)	0.0	+100.0%
Pre-tax income	181.5	12.0	112.1	66.5	58.2	151.1	+159.6%
Income tax	0.0	0.0	0.0	0.0	0.0	0.0	—
Net income	181.5	12.0	112.1	66.5	58.2	151.1	+159.6%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	0.0	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—
EPS, basic (per share)	1.06	0.06	0.39	0.17	0.15	0.46	+206.7%
EPS, diluted (per share)	1.06	0.06	0.39	0.17	0.15	0.46	+206.7%
EBITDA	0.0	35.6	112.1	66.5	58.2	151.1	+159.6%
Depreciation & amortization	46.7	23.6	93.3	17.2	12.9	0.0	−100.0%
Weighted average shares (shares)	171,001,250	207,783,420	286,209,890	401,880,851	380,616,423	330,852,980	−13.1%
Weighted average diluted shares (shares)	171,001,250	207,783,420	286,209,890	401,880,621	380,616,423	330,852,980	−13.1%
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	+0.0 pts
Operating margin	−24.7%	50.7%	−67.5%	−10.7%	38.2%	54.4%	+16.3 pts
Net margin	95.9%	50.7%	81.0%	41.5%	38.2%	54.4%	+16.3 pts

USD millionsUpdated 31 Dec 2025 ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.

Statements are reported in USD; the shares trade in GBP.