MA Financial Group Limited (ASX: MAF)

MA Financial Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	220.49	151.59	65.51	38.2	31.54	25.24
Total Interest Expense	104.18	43.91	17.74	14.52	16.85	11.56
Net Interest Income	116.32	107.68	47.77	23.68	14.7	13.67
Brokerage Commission	855.52	765.38	709.73	201.97	142.7	136.26
Gain on Sale of Investments (Rev)	-	-	-	-	0.96	0.28
Other Revenue	4.53	2.84	3.27	3.19	-4.12	0.08
Revenue Before Loan Losses	976.36	875.89	760.77	228.84	154.24	150.29
Provision for Loan Losses	4.03	0.85	1.89	1.22	0.02	4.85
Revenue	972.33	875.04	758.89	227.61	154.22	145.44
Revenue Growth (YoY)	27.70%	15.31%	233.41%	47.59%	6.04%	0.63%
Salaries & Employee Benefits	173.29	166.17	167.05	128.87	81.29	79.39
Cost of Services Provided	640.85	551.54	465.11	32.08	25.7	17.71
Other Operating Expenses	30.58	27	25.56	8.82	3.99	7.33
Total Operating Expenses	863.19	762.42	674.96	178.72	116.8	109.6
Operating Income	109.14	112.62	83.93	48.89	37.42	35.85
Currency Exchange Gains	-	-	-	0.53	-0.27	-0.01
Other Non-Operating Income (Expenses)	-69.14	-69.14	-22.96	-	-	0.1
EBT Excluding Unusual Items	40	43.48	60.97	49.43	37.15	35.94
Other Unusual Items	-	-	-	-0.72	1.54	-0.66
Pretax Income	40	43.48	60.97	48.71	38.69	35.27
Income Tax Expense	12.66	12.4	16.11	16.67	12.21	11.78
Earnings From Continuing Ops.	27.34	31.08	44.86	32.04	26.48	23.49
Minority Interest in Earnings	-2.56	-2.56	-	-	-	-
Net Income	24.77	28.52	44.86	32.04	26.48	23.49
Net Income to Common	24.77	28.52	44.86	32.04	26.48	23.49
Net Income Growth	-40.42%	-36.42%	39.99%	21.00%	12.71%	-20.05%
Shares Outstanding (Basic)	160	160	160	144	143	151
Shares Outstanding (Diluted)	165	165	167	151	147	158
Shares Change (YoY)	-0.54%	-0.91%	9.94%	3.15%	-6.92%	-0.01%
EPS (Basic)	0.15	0.18	0.28	0.22	0.18	0.16
EPS (Diluted)	0.15	0.17	0.27	0.21	0.18	0.15
EPS Growth	-39.65%	-35.69%	26.89%	17.78%	20.81%	-19.99%
Free Cash Flow	37.93	18.07	199.52	-46.98	28.81	25.26
Free Cash Flow Per Share	0.23	0.11	1.20	-0.31	0.20	0.16
Dividend Per Share	0.200	0.200	0.200	0.170	0.100	0.100
Dividend Growth	0%	0%	17.65%	70.00%	0%	25.00%
Operating Margin	11.22%	12.87%	11.06%	21.48%	24.26%	24.65%
Profit Margin	2.55%	3.26%	5.91%	14.08%	17.17%	16.15%
Free Cash Flow Margin	3.90%	2.06%	26.29%	-20.64%	18.68%	17.37%
Effective Tax Rate	31.66%	28.52%	26.43%	34.22%	31.56%	33.40%

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