Also trades as: ECRAF (OTC) · $vol 0M · ECOR.TO (TSX) · $vol 0M

£160.60 ($2.13)

-1.40 (-0.86%)

Weekly Expected Move ±6.0%

£141 £151 £161 £170 £180

LSE · Basic Materials · Industrial Materials · Tech Score Sell · Power 45 · £400.6M mcap · 196M float · 0.282% daily turnover

Revenue

$57M -4.3% ▼

5Y CAGR: +10.9%

Gross Profit

$38M -25.0% ▼

5Y CAGR: +11.4%

Operating Income

$26M -34.5% ▼

5Y CAGR: -1.8%

Net Income

$23M +330.5% ▲

EPS (Diluted)

$0.09 +333.2% ▲

EBITDA

$26M +14.3% ▲

5Y CAGR: -6.1%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$85M	$142M	$62M	$60M	$57M
YoY Growth	+150.8%	+66.3%	-56.4%	-3.7%	-4.3%
Cost of Revenue	$18M	$16M	$9M	$9M	$19M
Gross Profit	$44M	$99M	$53M	$50M	$38M
Gross Margin	51.4%	70.0%	85.8%	84.7%	66.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$3M	$5M	$4M	$2M	$12M
Operating Expenses	$3M	$9M	$11M	$11M	$12M
Operating Income	$56M	$117M	$42M	$39M	$26M
Operating Margin	65.3%	82.8%	68.2%	66.2%	45.3%
Interest Expense	$5M	$4M	$6M	$8M	$11M
Income Before Tax	$55M	$135M	$5M	$6M	$13M
Tax Expense	$17M	$41M	$4M	$16M	-$10M
Net Income	$27M	$95M	$847K	-$10M	$23M
Net Margin	31.9%	66.7%	1.4%	-16.5%	39.7%
EPS (Diluted)	$0.13	$0.40	$0.00	$-0.04	$0.09
EBITDA	$67M	$127M	$19M	$23M	$26M
Shares Outstanding	208M	235M	259M	252M	250M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$51M	$21M	$10M	$25M	$5M	$16M	$40M	$31M
Cost of Revenue	$5M	$3M	$3M	$3M	$3M	$8M	$13M	$13M
Gross Profit	$46M	$19M	$6M	$22M	$2M	$8M	$27M	$19M
Gross Margin	90.4%	86.7%	65.9%	87.6%	40.0%	52.3%	67.6%	59.9%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$6M	$0	$0	$0	$0	$0	$6M	$6M
Operating Expenses	$8M	$24M	$4M	$2M	$2M	$5M	$6M	$6M
Operating Income	$38M	$16M	$5M	$20M	-$390K	$4M	$22M	$13M
Operating Margin	75.3%	75.8%	51.3%	81.4%	-7.7%	23.5%	53.9%	40.4%
Interest Expense	$2M	$0	$0	$2M	$4M	$5M	$6M	$4M
Income Before Tax	$6M	-$5M	$7M	$9M	-$6M	-$11M	$24M	$24M
Tax Expense	$5M	$1M	$3M	$3M	$5M	$2M	-$8M	$5M
Net Income	$328K	-$4M	$4M	$6M	-$11M	-$9M	$31M	$18M
Net Margin	0.6%	-17.5%	43.4%	23.2%	-210.0%	-57.1%	77.9%	58.7%
EPS (Diluted)	$0.00	$-0.01	$0.02	$0.02	$-0.04	$-0.04	$0.13	$0.07
EBITDA	$12M	$19M	$6M	$22M	$2M	$8M	$31M	$21M
Shares Outstanding	254M	258M	259M	257M	249M	249M	250M	250M

ECOR.L LSE