Also trades as: HTWSF (OTC) · $vol 0M

£214.40 ($2.84)

+4.40 (+2.10%)

Weekly Expected Move ±3.7%

£198 £206 £214 £222 £230

LSE · Communication Services · Telecommunications Services · Tech Score Buy · Power 61 · £2.2B mcap · 1.02B float · 0.285% daily turnover

Revenue

$872M +10.1% ▲

5Y CAGR: +16.1%

Gross Profit

$411M +7.2% ▲

5Y CAGR: +22.7%

Operating Income

$298M +22.9% ▲

5Y CAGR: +39.5%

Net Income

$40M +19.5% ▲

EPS (Diluted)

$0.03 +19.4% ▲

EBITDA

$474M +24.2% ▲

5Y CAGR: +16.1%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$449M	$561M	$721M	$792M	$872M
YoY Growth	+8.5%	+24.8%	+28.6%	+9.8%	+10.1%
Cost of Revenue	$295M	$366M	$450M	$409M	$461M
Gross Profit	$154M	$195M	$271M	$383M	$411M
Gross Margin	34.2%	34.7%	37.5%	48.4%	47.1%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$94M	$114M	$86M	$99M	$113M
Operating Expenses	$95M	$114M	$124M	$141M	$113M
Operating Income	$59M	$80M	$146M	$242M	$298M
Operating Margin	13.1%	14.3%	20.3%	30.6%	34.2%
Interest Expense	$130M	$141M	$175M	$192M	$186M
Income Before Tax	-$119M	-$162M	-$112M	$44M	$139M
Tax Expense	$37M	$9M	-$400K	$17M	$99M
Net Income	-$156M	-$171M	-$100M	$34M	$40M
Net Margin	-34.8%	-30.6%	-13.9%	4.2%	4.6%
EPS (Diluted)	$-0.16	$-0.17	$-0.10	$0.03	$0.03
EBITDA	$223M	$252M	$282M	$382M	$474M
Shares Outstanding	1.00B	1.00B	1.05B	1.18B	1.18B

Line Item	FY2024 Q1	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2026 Q1	FY2026 Q2
Revenue	$195M	$390M	$201M	$201M	$209M	$209M	$233M	$233M
Cost of Revenue	$94M	$94M	$110M	$110M	$105M	$105M	$106M	$106M
Gross Profit	$100M	$184M	$91M	$91M	$104M	$104M	$127M	$127M
Gross Margin	51.6%	47.2%	45.3%	45.3%	49.6%	49.6%	54.4%	54.4%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$26M	$26M	$24M	$24M	$29M	$29M	$34M	$34M
Operating Expenses	$34M	$18M	$36M	$36M	$37M	$37M	$45M	$45M
Operating Income	$66M	$66M	$55M	$55M	$67M	$67M	$81M	$81M
Operating Margin	34.0%	17.0%	27.4%	27.4%	31.8%	31.8%	34.9%	34.9%
Interest Expense	$0	$106M	$44M	$44M	$45M	$45M	$0	$0
Income Before Tax	-$200K	-$200K	$22M	$22M	$39M	$39M	$20M	$20M
Tax Expense	-$2M	$12M	-$3M	-$3M	$23M	$23M	$9M	$9M
Net Income	-$10M	-$10M	$27M	$27M	$15M	$15M	$10M	$10M
Net Margin	-5.3%	-2.7%	13.5%	13.5%	7.3%	7.3%	4.2%	4.2%
EPS (Diluted)	$-0.01	$-0.02	$0.02	$0.02	$0.01	$0.01	$0.01	$0.01
EBITDA	$94M	$94M	$97M	$97M	$102M	$102M	$118M	$118M
Shares Outstanding	1.05B	1.05B	1.31B	1.31B	1.19B	1.19B	1.14B	1.14B

HTWS.L LSE