Close & consolidation

Consolidated P&L — FY2025

Group reporting currency: USD. Numbers come from the deterministic ledger; agents narrate, ledger computes.

Loop C unresolved — figures pre-resolutionVariance & insight
P&L statement

FY2025 actual vs FY2025 budget vs FY2024 actual.

Line itemFY24 actualFY25 budgetFY25 actualYoYvs Budget
Revenue47,820,00062,500,00064,180,000+34.2%+2.7%
Cost of revenue(12,140,000)(15,200,000)(16,890,000)+39.1%+11.1%
Sales & marketing(16,200,000)(21,000,000)(22,418,000)+38.4%+6.8%
R&D(8,900,000)(12,400,000)(12,150,000)+36.5%-2.0%
G&A(5,420,000)(6,800,000)(7,246,910)+33.7%+6.6%
Interest expense(1,840,000)(2,100,000)(2,236,000)+21.5%+6.5%
FX (loss) / gain(320,000)(0)(412,000)+28.7%0.0%
Operating income5,160,0007,100,0005,475,090+6.1%-22.9%
Income before tax3,000,0005,000,0002,827,090-5.8%-43.5%
Top 5 P&L lines — Budget vs Actual
Eliminations
IC mgmt fee (Loop A)$5,000,000
IC loan (Loop B)$2,000,000
Loop Cpending consultant

Per spec §4.8, eliminations are computed by the deterministic ledger using IFRS / ASC 830 elimination logic.