Subex Financial Statements

Subex (SUBEXLTD) reported revenue of ₹2.93B in FY2025 with net income of -₹314.40M. Total assets stood at ₹4.87B and free cash flow was ₹73.40M.

Subex Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		3.77B	3.44B	2.87B	3.16B	2.93B
Cost of Rev. Cost of Revenue		0	-2.14B	-2.01B	-2.09B	-1.85B
Gross Profit		3.77B	1.29B	861.60M	1.07B	1.07B
SGA Sales, General & Admin		-2.64B	-838.10M	-1.09B	-1.16B	-1.15B
Op. Income Operating Income		993.50M	356.30M	-364.80M	-245.20M	-218.20M
PBT Profit Before Tax		893.70M	336.90M	-390.60M	-1.75B	-198.20M
Net Income		517.20M	209.90M	-512.10M	-1.92B	-314.40M
Dil. Shares Diluted Shares		551.30M	554.80M	557.20M	553.40M	554.40M
Diluted EPS		0.94	0.38	-0.93	-3.47	-0.57

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Subex's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Subex Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		3.47B	2.97B	2.61B	2.50B	2.14B
Non-curr. assets Total non-current assets		3.80B	4.24B	4.42B	2.79B	2.73B
Total assets		7.27B	7.20B	7.04B	5.30B	4.87B
Curr. liabilities Total current liabilities		967.20M	759.70M	857.70M	1.05B	1.01B
Non-curr. liab. Total non-current liabilities		813.90M	804.40M	960.10M	913.60M	814.20M
Total liabilities		1.78B	1.56B	1.82B	1.96B	1.82B
Total equity		5.49B	5.64B	5.22B	3.34B	3.04B
Total liab. & eq. Total liabilities & equity		7.27B	7.20B	7.04B	5.30B	4.87B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Subex's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Subex Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		893.70M	336.90M	-390.60M	-1.75B	-198.20M
Operating CF Cash flow Operating Activities		909.50M	-81.00M	92.50M	-82.80M	97.50M
Capex Investments in PPE		-86.20M	-54.00M	-49.30M	-27.30M	-24.10M
Investing CF Cash flow Investing Activities		-72.20M	-353.40M	-378.10M	346.20M	-149.70M
Dividend Paid		-274.60M	-140.50M	0	0	0
Financing CF Cash flow Financing Activities		-320.70M	-153.20M	-65.10M	-93.40M	-120.50M
Cash (start) Cash at beginning of period		904.30M	1.43B	853.90M	523.80M	692.30M
Cash (end) Cash at end of period		1.43B	853.90M	523.80M	692.30M	523.60M
FCF Free Cash Flow		823.30M	-135.00M	43.20M	-110.10M	73.40M

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Subex's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025