The Straits Trading Company Limited (FRA:W2F)

FRA:W2F Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	579.61	564.63	491.66	527.62	396.56	308.89
Other Revenue	56.74	30.61	63.76	663.07	88.93	18.54
Revenue	636.35	595.23	555.42	1,191	485.49	327.43
Revenue Growth (YoY)	14.26%	7.17%	-53.35%	145.26%	48.27%	-23.42%
Cost of Revenue	445.89	437.52	370.05	408.16	263.5	222.94
Gross Profit	190.46	157.71	185.37	782.53	221.99	104.49
Selling, General & Admin	43.51	39.04	41.74	39.09	37.2	31.81
Other Operating Expenses	34.02	32.27	22.86	25.67	17.41	20.04
Operating Expenses	88.15	79.89	71.29	71.03	60.74	60.47
Operating Income	102.31	77.82	114.08	711.5	161.25	44.02
Interest Expense	-114.88	-81.37	-73.61	-39.47	-29	-26.33
Earnings From Equity Investments	-4.4	-12.61	-21.3	-14.02	99.9	8.73
Currency Exchange Gain (Loss)	-3.55	0.39	0.56	-15.11	-11.41	19.01
Other Non Operating Income (Expenses)	-8.49	-8.49	-9.95	-3.97	7.6	-2.91
EBT Excluding Unusual Items	-29.01	-24.27	9.77	638.94	228.34	42.52
Merger & Restructuring Charges	-0.3	-0.3	-0.48	-0.33	0.47	-0.09
Gain (Loss) on Sale of Investments	-	-	-	-	-	-0.27
Gain (Loss) on Sale of Assets	-	-10.65	-3.73	-0.2	9.49	16.44
Asset Writedown	7.74	60.28	-17.2	-75.42	123.78	37.35
Pretax Income	-21.56	25.06	-11.63	562.98	362.07	95.96
Income Tax Expense	17.44	14.03	0.51	-6.29	76.38	24.78
Earnings From Continuing Operations	-39	11.03	-12.15	569.27	285.69	71.18
Net Income to Company	-39	11.03	-12.15	569.27	285.69	71.18
Minority Interest in Earnings	-14.23	-18.26	-16.42	-18.01	-51.44	-19.69
Net Income	-53.23	-7.23	-28.57	551.26	234.25	51.48
Net Income to Common	-53.23	-7.23	-28.57	551.26	234.25	51.48
Net Income Growth	-	-	-	135.33%	355.01%	-38.98%
Shares Outstanding (Basic)	458	450	450	434	480	480
Shares Outstanding (Diluted)	458	450	450	434	480	480
Shares Change (YoY)	3.78%	0.02%	3.58%	-9.60%	-	-0.13%
EPS (Basic)	-0.12	-0.02	-0.06	1.27	0.49	0.11
EPS (Diluted)	-0.12	-0.02	-0.06	1.27	0.49	0.11
EPS Growth	-	-	-	160.31%	355.01%	-38.87%
Free Cash Flow	-6.17	7.28	29.54	58.52	35.68	-46.65
Free Cash Flow Per Share	-0.01	0.02	0.07	0.14	0.07	-0.10
Dividend Per Share	0.080	0.080	0.080	0.080	0.068	0.051
Dividend Growth	-	-	-	17.99%	33.47%	-
Gross Margin	29.93%	26.50%	33.38%	65.72%	45.72%	31.91%
Operating Margin	16.08%	13.07%	20.54%	59.76%	33.21%	13.44%
Profit Margin	-8.36%	-1.21%	-5.14%	46.30%	48.25%	15.72%
Free Cash Flow Margin	-0.97%	1.22%	5.32%	4.92%	7.35%	-14.25%
EBITDA	109.4	84.05	118.39	715.4	164.56	48.51
EBITDA Margin	17.19%	14.12%	21.32%	60.08%	33.89%	14.82%
D&A For EBITDA	7.09	6.23	4.31	3.89	3.31	4.49
EBIT	102.31	77.82	114.08	711.5	161.25	44.02
EBIT Margin	16.08%	13.07%	20.54%	59.76%	33.21%	13.44%
Effective Tax Rate	-	55.99%	-	-	21.09%	25.82%
Revenue as Reported	642	645.25	526.45	1,115	396.56	386.69

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