Ruffer Investment Company Limited

LSE:RICA.LFinancial Services

——At close · Market cap —

RICA.L · Income statement · TradingHolo

GBP millions	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	YoY
Revenue	37.8	60.3	33.6	67.2	19.6	66.7	+240.8%
Cost of revenue	4.0	4.8	7.2	11.0	7.1	9.9	+39.5%
Gross profit	33.8	55.4	26.3	56.2	19.6	44.4	+126.9%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—
Selling, general & administrative	0.6	0.6	0.9	1.3	1.7	1.5	−8.9%
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—
Operating expenses	(8.1)	5.3	7.9	11.8	12.0	1.5	−87.1%
Operating income	41.9	68.2	30.8	(34.1)	7.6	42.9	+466.9%
Interest expense	0.0	0.0	0.0	0.0	0.0	0.0	—
Interest income	1.2	1.2	1.5	9.0	15.4	12.0	−22.2%
Other income / expense	0.0	(0.0)	(0.3)	0.3	0.3	0.3	+12.2%
Pre-tax income	41.6	68.2	30.5	(33.8)	10.8	42.9	+296.5%
Income tax	0.4	0.4	0.9	0.6	0.6	1.2	+80.3%
Net income	41.2	67.8	29.6	(34.4)	10.2	41.7	+310.2%
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)	0.23	0.36	0.12	(0.10)	0.03	0.13	+383.3%
EPS, diluted (per share)	0.23	0.36	0.12	(0.10)	0.03	0.13	+383.3%
EBITDA	41.9	68.2	30.8	16.5	7.6	42.9	+466.9%
Depreciation & amortization	0.0	0.0	0.0	50.5	0.0	0.0	—
Weighted average shares (shares)	181,801,778	187,098,095	250,324,202	361,081,202	377,895,332	330,640,010	−12.5%
Weighted average diluted shares (shares)	181,801,778	187,098,095	250,324,202	361,081,202	377,895,332	330,640,010	−12.5%
Gross margin	89.3%	92.0%	78.4%	83.6%	100.0%	66.6%	−33.4 pts
Operating margin	110.9%	113.2%	91.7%	−50.7%	38.6%	64.3%	+25.6 pts
Net margin	108.9%	112.5%	88.2%	−51.2%	51.9%	62.5%	+10.6 pts

GBP millionsUpdated 30 Jun 2025 ·

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