Manx Financial Group PLC (AIM: MFX)

Manx Financial Group Income Statement

Financials in millions GBP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Dec 31, 2023	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	46.89	46.89	30.74	22.95	20.69	22.32
Total Interest Expense	14.53	14.53	6.39	4.97	5.22	4.39
Net Interest Income	32.36	32.36	24.35	17.98	15.47	17.93
Commissions and Fees	4	4	4.72	4.62	3.87	3.8
Gain (Loss) on Sale of Investments	1.89	1.89	0.29	-0	0.26	0.18
Other Revenue	0.2	0.2	-0.02	0.03	0.26	-0
Revenue Before Loan Losses	38.45	38.45	29.34	22.63	19.86	21.9
Provision for Loan Losses	4.14	4.14	3.99	4.36	3.95	1.9
Revenue	34.31	34.31	25.35	18.27	15.91	20
Revenue Growth (YoY)	35.33%	35.33%	38.77%	14.87%	-20.49%	9.83%
Salaries & Employee Benefits	12.17	12.17	9.76	7.16	6.82	6.76
Cost of Services Provided	7.78	7.78	3.93	3.6	3.66	5.69
Other Operating Expenses	5.81	5.81	4.93	3.76	2.42	3.59
Total Operating Expenses	27.27	27.27	19.96	15.92	14.18	17.1
Operating Income	7.04	7.04	5.39	2.35	1.73	2.9
Earnings From Equity Investments	-	-	0.02	0.03	0.05	0.12
EBT Excluding Unusual Items	7.04	7.04	5.41	2.38	1.78	3.02
Impairment of Goodwill	-	-	-0.2	-	-	-
Other Unusual Items	-	-	-	0.66	0.24	-
Pretax Income	7.04	7.04	5.21	3.04	2.02	3.02
Income Tax Expense	0.9	0.9	0.54	0.23	0.05	0.35
Earnings From Continuing Ops.	6.14	6.14	4.67	2.81	1.97	2.67
Minority Interest in Earnings	-0.85	-0.85	-0.34	-0.02	-0.03	-
Net Income	5.29	5.29	4.33	2.79	1.94	2.67
Net Income to Common	5.29	5.29	4.33	2.79	1.94	2.67
Net Income Growth	22.10%	22.10%	55.07%	44.34%	-27.61%	8.35%
Shares Outstanding (Basic)	115	115	115	114	119	131
Shares Outstanding (Diluted)	156	156	154	151	156	173
Shares Change (YoY)	1.23%	1.23%	1.97%	-3.00%	-9.98%	-0.01%
EPS (Basic)	0.05	0.05	0.04	0.02	0.02	0.02
EPS (Diluted)	0.04	0.04	0.03	0.02	0.01	0.02
EPS Growth	19.78%	19.78%	49.21%	45.19%	-18.64%	7.75%
Free Cash Flow	16.79	16.79	-4.48	0.8	-5.4	22.62
Free Cash Flow Per Share	0.11	0.11	-0.03	0.01	-0.03	0.13
Dividend Per Share	0.005	0.005	0.004	0.002	0.002	-
Dividend Growth	20.91%	20.91%	54.07%	41.71%	-	-
Operating Margin	20.53%	20.53%	21.27%	12.87%	10.88%	14.49%
Profit Margin	15.41%	15.41%	17.08%	15.29%	12.17%	13.36%
Free Cash Flow Margin	48.92%	48.92%	-17.67%	4.36%	-33.96%	113.09%
Effective Tax Rate	12.82%	12.82%	10.31%	7.69%	2.62%	11.58%

Source: S&P Capital IQ. Financial Services template. Financial Sources.