Ares Asia Income Statement

Financials in millions USD. Fiscal year is April - March.

Millions USD. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	0.49	3.32	70.38	52.59	101.56	117.51
Revenue Growth (YoY)	-98.92%	-95.29%	33.82%	-48.21%	-13.57%	17.66%
Cost of Revenue	0.47	3.22	70.05	51.53	101.15	116.64
Gross Profit	0.03	0.1	0.33	1.07	0.41	0.87
Selling, General & Admin	1.47	1.48	1.59	1.87	1.82	1.51
Operating Expenses	2.48	2.48	1.59	1.87	1.82	1.51
Operating Income	-2.45	-2.38	-1.26	-0.8	-1.41	-0.64
Interest Expense	-0.01	-0.01	-0.01	-0.02	-0.2	-0.28
Interest & Investment Income	0	0	0	0	-	-
Currency Exchange Gain (Loss)	0	0	0	0.01	-	-0.01
EBT Excluding Unusual Items	-2.46	-2.39	-1.27	-0.81	-1.61	-0.93
Asset Writedown	-	-	-	-	-0.55	-
Legal Settlements	-	-	-	-	-	-1.39
Other Unusual Items	-	-	0	0.03	0.03	0.06
Pretax Income	-2.46	-2.39	-1.27	-0.78	-2.13	-2.26
Income Tax Expense	-0.03	-0.03	-	0.05	-	-
Earnings From Continuing Operations	-2.43	-2.36	-1.27	-0.83	-2.13	-2.26
Net Income	-2.43	-2.36	-1.27	-0.83	-2.13	-2.26
Net Income to Common	-2.43	-2.36	-1.27	-0.83	-2.13	-2.26
Shares Outstanding (Basic)	513	513	513	513	513	513
Shares Outstanding (Diluted)	513	513	513	513	513	513
Shares Change (YoY)	-	-	-	-	-	48.78%
EPS (Basic)	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
EPS (Diluted)	-0.00	-0.00	-0.00	-0.00	-0.00	-0.00
Free Cash Flow	-1.53	-4.11	-1.23	-1.78	31.13	-27.82
Free Cash Flow Per Share	-0.00	-0.01	-0.00	-0.00	0.06	-0.05
Gross Margin	5.27%	3.04%	0.47%	2.02%	0.40%	0.74%
Operating Margin	-497.57%	-71.78%	-1.79%	-1.52%	-1.39%	-0.54%
Profit Margin	-492.50%	-71.12%	-1.80%	-1.58%	-2.10%	-1.93%
Free Cash Flow Margin	-309.53%	-123.76%	-1.74%	-3.38%	30.65%	-23.67%
EBITDA	-2.44	-2.37	-1.26	-0.8	-1.41	-0.64
EBITDA Margin	-	-71.45%	-1.78%	-1.52%	-1.39%	-0.54%
D&A For EBITDA	0.01	0.01	0.01	0	0	0
EBIT	-2.45	-2.38	-1.26	-0.8	-1.41	-0.64
EBIT Margin	-	-71.78%	-1.79%	-1.52%	-1.39%	-0.54%

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