GRSDNasdaqServices-Miscellaneous Amusement & Recreation
GRANDSTAND Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 19, 2026
$1.38+0.03 (+2.22%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
90.8%−9.2 pts over 5 years
Operating margin
-19.2%−59.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +30.1% | +29.3% | +42.7% | – | |
| Gross profit | +25.5% | +26.9% | +39.9% | – | |
| Free cash flow | -49.8% | -0.3% | +11.0% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Current ratio | – | 3.74 | 1.21 | |
| Net debt to EBITDA | – | -0.17× | -5.92× | |
| Interest coverage | – | 5.3× | -3.8× | |
| Capex to revenue | – | 0.2% | 0.5% | |
| Diluted shares | – | 31M | 35M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Grandstand generated $107.40M from operations and spent $38.85M on capital expenditure, dividends and share buybacks. 8% of that went back into the business.
Generated
$107.40M
Used
$38.85M
Capital expenditure$3.28M8%Dividends$00%Share buybacks$35.58M92%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero–
- Cash generatingOperating cash flow above zero$19.10M
- Return on assets improvedROA up on the prior year– → –
- Earnings backed by cashOperating cash flow above net income$19.10M vs –
- Less leverageLong-term debt to assets fell11.0% → 36.2%
- Better liquidityCurrent ratio rose1.17 → 1.21
- No dilutionShare count did not rise36M → 35M
- Gross margin improvedGross margin up on the prior year94.07% → 90.78%
- More efficientAsset turnover rose0.82 → 0.93