Zhongshi Minan Holdings Income Statement

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

Millions SGD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	17.74	18.87	23.87	23.59	20.23
Other Revenue	0.31	0.08	0.09	0.09	0.1
Revenue	18.04	18.95	23.96	23.68	20.33
Revenue Growth (YoY)	-4.79%	-20.91%	1.18%	16.47%	-0.96%
Cost of Revenue	9.01	9.33	11.72	12.75	10.83
Gross Profit	9.03	9.62	12.24	10.93	9.5
Selling, General & Admin	7.18	6.67	8.3	7.4	6.48
Amortization of Goodwill & Intangibles	0	0	-	-	0
Other Operating Expenses	3.65	2.3	5.28	1.87	1.23
Operating Expenses	13.17	10.02	14.56	11.23	10.08
Operating Income	-4.14	-0.4	-2.32	-0.3	-0.58
Interest Expense	-0.19	-0.16	-0.07	-0.08	-0.16
Interest & Investment Income	-	-	-	0.01	-
Other Non Operating Income (Expenses)	-	0.01	0.04	0.08	0.21
EBT Excluding Unusual Items	-4.33	-0.54	-2.35	-0.29	-0.52
Gain (Loss) on Sale of Investments	-	-0.33	0.79	-0.15	0.02
Gain (Loss) on Sale of Assets	-	2.03	0.3	0.54	0.06
Pretax Income	-4.33	1.16	-1.26	0.1	-0.44
Income Tax Expense	-	0.13	0.27	0.18	0.12
Earnings From Continuing Operations	-4.33	1.03	-1.53	-0.07	-0.56
Minority Interest in Earnings	0.25	0.46	1.39	-0	-
Net Income	-4.07	1.49	-0.14	-0.08	-0.56
Net Income to Common	-4.07	1.49	-0.14	-0.08	-0.56
Shares Outstanding (Basic)	71	40	40	40	40
Shares Outstanding (Diluted)	71	40	40	40	40
Shares Change (YoY)	77.39%	-	-	-	-
EPS (Basic)	-0.06	0.04	-0.00	-0.00	-0.01
EPS (Diluted)	-0.06	0.04	-0.00	-0.00	-0.01
Free Cash Flow	-	2.74	0.46	1.86	2.61
Free Cash Flow Per Share	-	0.07	0.01	0.05	0.07
Gross Margin	50.05%	50.77%	51.10%	46.17%	46.74%
Operating Margin	-22.95%	-2.08%	-9.67%	-1.26%	-2.85%
Profit Margin	-22.57%	7.87%	-0.59%	-0.32%	-2.75%
Free Cash Flow Margin	-	14.44%	1.93%	7.86%	12.86%
EBITDA	-3.88	-0.13	-1.98	0.93	1.09
EBITDA Margin	-21.50%	-0.71%	-8.28%	3.93%	5.35%
D&A For EBITDA	0.26	0.26	0.33	1.23	1.67
EBIT	-4.14	-0.4	-2.32	-0.3	-0.58
EBIT Margin	-22.95%	-2.08%	-9.67%	-1.26%	-2.85%
Effective Tax Rate	-	11.12%	-	171.57%	-

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