Magic Software Enterprises Ltd. (FRA:MGK)

FRA:MGK Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	603.22	552.52	535.05	566.79	480.33	371.19
Revenue Growth (YoY)	12.65%	3.26%	-5.60%	18.00%	29.40%	13.99%
Cost of Revenue	433.4	394.69	382.07	411.44	347.33	261.6
Gross Profit	169.82	157.83	152.99	155.36	132.99	109.59
Selling, General & Admin	90.96	84.11	85.31	84.41	69.37	59.13
Research & Development	14.48	13.31	10.33	10.09	9	8.79
Operating Expenses	105.44	97.42	95.64	94.5	78.36	67.92
Operating Income	64.37	60.41	57.35	60.86	54.63	41.68
Interest Expense	-5.98	-6.74	-6	-2.43	-1.33	-
Interest & Investment Income	3.16	3.16	4.9	1.39	0.11	0.03
Earnings From Equity Investments	-0.4	-0.38	-0.06	-	-	-
Currency Exchange Gain (Loss)	-	-	-	-	-	-0.4
Other Non Operating Income (Expenses)	-2.37	-2.37	-3.22	-2.56	-2.47	-0.61
EBT Excluding Unusual Items	58.79	54.09	52.97	57.26	50.94	40.69
Gain (Loss) on Sale of Investments	-	-	-	-	-	0.07
Other Unusual Items	0.53	0.53	-0.53	0.16	-5.32	-3.36
Pretax Income	59.32	54.62	52.44	57.42	45.62	37.4
Income Tax Expense	11.99	11.33	9.93	11.14	10.28	7.29
Earnings From Continuing Operations	47.33	43.29	42.5	46.28	35.34	30.12
Minority Interest in Earnings	-7.45	-6.41	-5.47	-5.81	-5.57	-4.93
Net Income	39.88	36.88	37.03	40.47	29.77	25.19
Preferred Dividends & Other Adjustments	-	-	-	-	-	1.32
Net Income to Common	39.88	36.88	37.03	40.47	29.77	23.87
Net Income Growth	14.79%	-0.40%	-8.50%	35.96%	18.19%	24.28%
Shares Outstanding (Basic)	49	49	49	49	49	49
Shares Outstanding (Diluted)	49	49	49	49	49	49
Shares Change (YoY)	-0.07%	0.00%	-0.07%	0.06%	0.11%	0.11%
EPS (Basic)	0.81	0.75	0.75	0.82	0.61	0.49
EPS (Diluted)	0.81	0.75	0.75	0.82	0.61	0.49
EPS Growth	16.15%	-	-8.54%	35.13%	24.64%	87.24%
Free Cash Flow	64.49	73.3	67.37	52.23	42.24	49.52
Free Cash Flow Per Share	1.31	1.49	1.37	1.06	0.86	1.01
Dividend Per Share	0.774	0.563	0.531	0.590	0.446	0.385
Dividend Growth	75.91%	6.03%	-10.00%	32.29%	15.84%	63.14%
Gross Margin	28.15%	28.57%	28.59%	27.41%	27.69%	29.52%
Operating Margin	10.67%	10.93%	10.72%	10.74%	11.37%	11.23%
Profit Margin	6.61%	6.68%	6.92%	7.14%	6.20%	6.43%
Free Cash Flow Margin	10.69%	13.27%	12.59%	9.22%	8.79%	13.34%
EBITDA	76.76	72.26	69.2	80.65	74.47	55.62
EBITDA Margin	12.72%	13.08%	12.93%	14.23%	15.50%	14.98%
D&A For EBITDA	12.39	11.85	11.85	19.8	19.84	13.94
EBIT	64.37	60.41	57.35	60.86	54.63	41.68
EBIT Margin	10.67%	10.93%	10.72%	10.74%	11.37%	11.23%
Effective Tax Rate	20.21%	20.74%	18.95%	19.40%	22.53%	19.48%
Revenue as Reported	552.52	552.52	535.05	566.79	480.33	371.19
Advertising Expenses	-	2.78	2.8	2.68	2.52	0.47

Source: S&P Global Market Intelligence. Standard template. Financial Sources.