What this is
Any royalty/licence cost the entity bears sits inside cost of sales (35.38m GBP 2025; 44.86m 2024; 50.23m 2023; 41.56m 2022); a hard ceiling on all licensors combined (and all other product cost), not a Pokemon royalty and not an estimate.
Where it comes from
Our calculation from other figures in the trainer’s notes.
Show the working
- Revenue 3 57,884,494 75,354,941 Cost of sales (35,383,428) (44,864,431) Gross profit 22,501,066 30,490,510