Fan Milk PLC (GHSE:FML)

Fan Milk Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	683.82	549.42	536.94	468.1	373.58
Revenue Growth (YoY)	24.46%	2.32%	14.71%	25.30%	-11.99%
Cost of Revenue	426.09	378.14	421.07	344.82	253.6
Gross Profit	257.73	171.27	115.87	123.28	119.97
Selling, General & Admin	182.43	142.42	147.71	144.94	119.59
Other Operating Expenses	-3.9	-3.71	-2.45	-3.66	-2
Operating Expenses	178.53	141.5	147.21	145.61	120.07
Operating Income	79.2	29.77	-31.34	-22.33	-0.09
Interest Expense	-12.52	-27.28	-21.76	-3.33	-1.55
Interest & Investment Income	7.94	33.88	18.34	2.51	2.59
Other Non Operating Income (Expenses)	-0	-	-	-	-0.52
EBT Excluding Unusual Items	74.62	36.38	-34.76	-23.15	0.43
Gain (Loss) on Sale of Assets	0.18	0.06	1.2	2.27	0.37
Pretax Income	74.8	36.44	-33.56	-20.87	0.8
Income Tax Expense	20.57	12.43	8.04	-7.44	0.29
Net Income	54.23	24.01	-41.6	-13.43	0.51
Net Income to Common	54.23	24.01	-41.6	-13.43	0.51
Net Income Growth	125.86%	-	-	-	-97.95%
Shares Outstanding (Basic)	116	116	116	116	116
Shares Outstanding (Diluted)	116	116	116	116	116
EPS (Basic)	0.47	0.21	-0.36	-0.12	0.00
EPS (Diluted)	0.47	0.21	-0.36	-0.12	0.00
EPS Growth	125.86%	-	-	-	-97.95%
Free Cash Flow	103.12	19.8	-33.54	-33.61	15.43
Free Cash Flow Per Share	0.89	0.17	-0.29	-0.29	0.13
Gross Margin	37.69%	31.17%	21.58%	26.34%	32.11%
Operating Margin	11.58%	5.42%	-5.84%	-4.77%	-0.02%
Profit Margin	7.93%	4.37%	-7.75%	-2.87%	0.14%
Free Cash Flow Margin	15.08%	3.60%	-6.25%	-7.18%	4.13%
EBITDA	106.12	55.85	-2.42	8.27	30.42
EBITDA Margin	15.52%	10.17%	-0.45%	1.77%	8.14%
D&A For EBITDA	26.92	26.08	28.92	30.6	30.51
EBIT	79.2	29.77	-31.34	-22.33	-0.09
EBIT Margin	11.58%	5.42%	-5.84%	-4.77%	-0.02%
Effective Tax Rate	27.50%	34.10%	-	-	35.67%
Advertising Expenses	-	13.16	14.62	13.64	10.12

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