PT Sinar Mas Agro Resources and Technology Tbk (IDX:SMAR)

IDX:SMAR Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	88,196,486	78,835,443	66,530,549	75,045,559	57,004,234	40,434,346
Revenue Growth (YoY)	19.32%	18.50%	-11.35%	31.65%	40.98%	11.70%
Cost of Revenue	78,382,817	70,898,356	59,898,024	61,858,625	46,122,058	34,581,758
Gross Profit	9,813,669	7,937,087	6,632,525	13,186,934	10,882,176	5,852,588
Selling, General & Admin	3,788,344	3,732,370	3,240,976	3,145,474	2,770,680	2,726,312
Other Operating Expenses	2,863,440	2,110,190	1,932,180	3,467,713	4,204,864	731,765
Operating Expenses	6,651,784	5,842,560	5,173,156	6,613,187	6,975,544	3,458,077
Operating Income	3,161,885	2,094,527	1,459,369	6,573,747	3,906,632	2,394,511
Interest Expense	-1,082,056	-1,173,486	-1,249,192	-1,315,514	-1,083,256	-719,437
Interest & Investment Income	17,510	35,683	56,119	119,439	243,826	221,078
Earnings From Equity Investments	201,552	103,611	189,064	827,679	57,883	16,710
Currency Exchange Gain (Loss)	-720,425	-168,312	-164,985	-171,059	-46,312	-243,225
Other Non Operating Income (Expenses)	729,137	689,669	800,122	766,351	498,498	387,752
EBT Excluding Unusual Items	2,307,603	1,581,692	1,090,497	6,800,643	3,577,271	2,057,389
Gain (Loss) on Sale of Assets	7,893	14,952	25,775	12,946	21,912	38,932
Asset Writedown	-17,658	-11,202	-7,386	-7,618	-5,443	-8,541
Pretax Income	2,297,838	1,585,442	1,108,886	6,805,971	3,593,740	2,087,780
Income Tax Expense	456,572	307,173	191,016	1,301,015	764,322	547,982
Earnings From Continuing Operations	1,841,266	1,278,269	917,870	5,504,956	2,829,418	1,539,798
Minority Interest in Earnings	-957	-97	-63	-4,437	-2,610	-1,056
Net Income	1,840,309	1,278,172	917,807	5,500,519	2,826,808	1,538,742
Net Income to Common	1,840,309	1,278,172	917,807	5,500,519	2,826,808	1,538,742
Net Income Growth	28.53%	39.26%	-83.31%	94.58%	83.71%	71.23%
Shares Outstanding (Basic)	2,872	2,872	2,872	2,872	2,872	2,872
Shares Outstanding (Diluted)	2,872	2,872	2,872	2,872	2,872	2,872
EPS (Basic)	640.73	445.02	319.55	1915.09	984.20	535.74
EPS (Diluted)	640.73	445.02	319.55	1915.09	984.20	535.74
EPS Growth	28.53%	39.26%	-83.31%	94.58%	83.71%	71.23%
Free Cash Flow	2,831,956	-2,576,270	1,943,509	2,847,942	-191,871	-482,950
Free Cash Flow Per Share	985.99	-896.97	676.66	991.56	-66.80	-168.15
Dividend Per Share	30.000	135.000	95.000	570.000	295.000	160.000
Dividend Growth	-85.00%	42.10%	-83.33%	93.22%	84.38%	-
Gross Margin	11.13%	10.07%	9.97%	17.57%	19.09%	14.47%
Operating Margin	3.58%	2.66%	2.19%	8.76%	6.85%	5.92%
Profit Margin	2.09%	1.62%	1.38%	7.33%	4.96%	3.81%
Free Cash Flow Margin	3.21%	-3.27%	2.92%	3.79%	-0.34%	-1.19%
EBITDA	3,529,774	3,296,592	2,583,579	7,624,799	5,213,698	3,341,572
EBITDA Margin	4.00%	4.18%	3.88%	10.16%	9.15%	8.26%
D&A For EBITDA	367,889	1,202,065	1,124,210	1,051,052	1,307,066	947,061
EBIT	3,161,885	2,094,527	1,459,369	6,573,747	3,906,632	2,394,511
EBIT Margin	3.58%	2.66%	2.19%	8.76%	6.85%	5.92%
Effective Tax Rate	19.87%	19.38%	17.23%	19.12%	21.27%	26.25%
Advertising Expenses	-	219,142	159,237	199,919	134,934	218,136

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