Nissin Foods Company Limited (HKG:1475)

Nissin Foods Company Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,921	3,812	3,833	4,068	3,866	3,519
Revenue Growth (YoY)	4.29%	-0.56%	-5.77%	5.21%	9.88%	13.96%
Cost of Revenue	2,579	2,500	2,530	2,765	2,639	2,360
Gross Profit	1,342	1,312	1,303	1,303	1,227	1,159
Selling, General & Admin	877.55	855.13	829.72	842.78	769.86	714.69
Other Operating Expenses	37.91	38.89	36.2	33.16	35.17	72.2
Operating Expenses	916.18	894.74	867.38	876.66	804.77	786.88
Operating Income	425.41	417.37	435.69	426.14	422.55	371.79
Interest Expense	-0.36	-0.4	-0.27	-0.26	-0.37	-0.12
Interest & Investment Income	25.17	25.17	27.9	19.36	16.75	24.62
Currency Exchange Gain (Loss)	-17.06	-17.06	-17.57	-11.67	3.45	-15.8
Other Non Operating Income (Expenses)	8.97	14.31	18.86	25.27	16.96	10.29
EBT Excluding Unusual Items	442.14	439.4	464.6	458.85	459.35	390.78
Impairment of Goodwill	-22.7	-22.7	-	-	-	-
Gain (Loss) on Sale of Investments	2.95	2.95	4.12	-2.84	-0.62	-0.41
Gain (Loss) on Sale of Assets	-3.54	-3.54	-2.97	-0.62	-17.16	-0.11
Asset Writedown	-113.17	-113.17	-8.78	-10.3	-	-
Other Unusual Items	-	-	-	17.79	-	43.69
Pretax Income	305.68	302.94	456.97	462.89	441.58	433.94
Income Tax Expense	105.8	95.48	123.82	119.99	102.34	101.38
Earnings From Continuing Operations	199.88	207.46	333.15	342.9	339.24	332.56
Minority Interest in Earnings	-6.8	-6.47	-2.98	-30.14	-35.41	-30.65
Net Income	193.07	200.99	330.17	312.76	303.82	301.91
Net Income to Common	193.07	200.99	330.17	312.76	303.82	301.91
Net Income Growth	-42.91%	-39.12%	5.57%	2.94%	0.63%	20.30%
Shares Outstanding (Basic)	1,044	1,044	1,044	1,044	1,057	1,074
Shares Outstanding (Diluted)	1,044	1,044	1,044	1,044	1,057	1,074
Shares Change (YoY)	0.10%	-	-0.01%	-1.25%	-1.60%	-
EPS (Basic)	0.18	0.19	0.32	0.30	0.29	0.28
EPS (Diluted)	0.18	0.19	0.32	0.30	0.29	0.28
EPS Growth	-42.96%	-39.11%	5.57%	4.25%	2.28%	20.29%
Free Cash Flow	-	315.67	322.37	207.43	187.58	235.71
Free Cash Flow Per Share	-	0.30	0.31	0.20	0.18	0.22
Dividend Per Share	-	0.096	0.158	0.152	0.146	0.141
Dividend Growth	-	-39.13%	4.35%	4.12%	3.63%	20.09%
Gross Margin	34.22%	34.42%	33.99%	32.03%	31.74%	32.93%
Operating Margin	10.85%	10.95%	11.37%	10.48%	10.93%	10.57%
Profit Margin	4.92%	5.27%	8.61%	7.69%	7.86%	8.58%
Free Cash Flow Margin	-	8.28%	8.41%	5.10%	4.85%	6.70%
EBITDA	458.81	450.88	469.58	456.33	457.77	400.16
EBITDA Margin	11.70%	11.83%	12.25%	11.22%	11.84%	11.37%
D&A For EBITDA	33.41	33.51	33.9	30.19	35.22	28.36
EBIT	425.41	417.37	435.69	426.14	422.55	371.79
EBIT Margin	10.85%	10.95%	11.37%	10.48%	10.93%	10.57%
Effective Tax Rate	34.61%	31.52%	27.10%	25.92%	23.18%	23.36%

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