Sin Heng Heavy Machinery Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	49.95	50.28	66.23	51.57	53.73	53.36
Revenue Growth (YoY)	-9.88%	-24.08%	28.43%	-4.02%	0.70%	-27.69%
Cost of Revenue	34.83	33.56	47.8	38.73	40.34	46.79
Gross Profit	15.12	16.72	18.43	12.84	13.39	6.56
Selling, General & Admin	10.21	10.66	10.87	9.77	9.34	9.24
Other Operating Expenses	0.22	0.1	-0.02	-0.01	-0.42	-0.23
Operating Expenses	10.43	10.76	11.14	9.69	8.89	8.84
Operating Income	4.69	5.96	7.29	3.15	4.51	-2.27
Interest Expense	-0.19	-0.19	-0.18	-0.06	-0.18	-0.47
Interest & Investment Income	1.32	1.32	1.12	0.34	0.15	0.33
Currency Exchange Gain (Loss)	0.04	0.04	0.26	0.11	-0.79	1.2
EBT Excluding Unusual Items	5.85	7.13	8.49	3.53	3.68	-1.22
Gain (Loss) on Sale of Investments	0.08	0.08	0.08	0.08	-0.06	-0.15
Gain (Loss) on Sale of Assets	0.33	0.33	1.29	0.42	-0	0.01
Asset Writedown	-0.04	-0.04	-0.09	-	-	-0
Other Unusual Items	-	-	-	-	1.18	1.87
Pretax Income	6.21	7.49	9.77	4.4	4.82	0.76
Income Tax Expense	0.98	1.23	1.78	0.74	1.05	-0.44
Earnings From Continuing Operations	5.24	6.27	8	3.65	3.77	1.2
Net Income	5.24	6.27	8	3.65	3.77	1.2
Net Income to Common	5.24	6.27	8	3.65	3.77	1.2
Net Income Growth	-36.37%	-21.61%	118.98%	-3.05%	214.88%	-
Shares Outstanding (Basic)	109	109	112	113	114	114
Shares Outstanding (Diluted)	109	109	112	113	114	114
Shares Change (YoY)	-1.43%	-2.81%	-1.04%	-0.29%	-0.23%	-
EPS (Basic)	0.05	0.06	0.07	0.03	0.03	0.01
EPS (Diluted)	0.05	0.06	0.07	0.03	0.03	0.01
EPS Growth	-35.42%	-19.35%	121.28%	-2.77%	215.61%	-
Free Cash Flow	3.09	11.46	5.14	-8.46	26.92	13.92
Free Cash Flow Per Share	0.03	0.10	0.05	-0.07	0.24	0.12
Dividend Per Share	0.010	0.010	0.010	0.010	0.010	0.005
Dividend Growth	-	-	-	-	100.00%	-
Gross Margin	30.27%	33.25%	27.83%	24.90%	24.92%	12.30%
Operating Margin	9.38%	11.86%	11.01%	6.11%	8.38%	-4.26%
Profit Margin	10.48%	12.46%	12.07%	7.08%	7.01%	2.24%
Free Cash Flow Margin	6.19%	22.79%	7.76%	-16.41%	50.09%	26.09%
EBITDA	10.49	11.98	13.74	9.98	12.04	5.82
EBITDA Margin	21.00%	23.82%	20.75%	19.35%	22.41%	10.91%
D&A For EBITDA	5.8	6.02	6.45	6.83	7.54	8.09
EBIT	4.69	5.96	7.29	3.15	4.51	-2.27
EBIT Margin	9.38%	11.86%	11.01%	6.11%	8.38%	-4.26%
Effective Tax Rate	15.72%	16.35%	18.20%	16.93%	21.83%	-

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