ADvTECH Limited (JSE:ADH)

ADvTECH Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,930	8,521	7,860	6,961	5,917	5,499
Revenue Growth (YoY)	8.87%	8.41%	12.92%	17.63%	7.60%	7.66%
Cost of Revenue	4,661	4,661	4,427	3,709	3,195	2,905
Gross Profit	4,269	3,860	3,433	3,251	2,723	2,595
Selling, General & Admin	596.8	596.8	547.3	303.5	301.4	273.4
Other Operating Expenses	1,144	881.8	798.7	1,047	897.6	805.5
Operating Expenses	2,401	2,109	1,900	1,953	1,631	1,689
Operating Income	1,868	1,751	1,533	1,298	1,092	905.6
Interest Expense	-230.8	-236.4	-206.6	-178.2	-168.6	-199.7
Interest & Investment Income	24.3	32.8	17.1	7.4	7.7	2.3
Earnings From Equity Investments	0.4	0.4	2.2	1.3	0.8	0.4
Currency Exchange Gain (Loss)	39.8	39.8	41.8	32.8	15.8	3.5
Other Non Operating Income (Expenses)	0.1	0.9	-0.2	-2	-	-7.9
EBT Excluding Unusual Items	1,701	1,588	1,387	1,160	947.4	704.2
Merger & Restructuring Charges	-3.7	-2.4	-	-	-	-
Gain (Loss) on Sale of Assets	-1.4	-4.4	1.2	14.5	11.3	-6.7
Asset Writedown	-	-	-	-	-	-36
Other Unusual Items	-	-	-	-	0.4	13
Pretax Income	1,696	1,581	1,389	1,174	959.1	674.5
Income Tax Expense	463.4	429.6	390.4	332.3	279.7	209
Earnings From Continuing Operations	1,233	1,152	998.2	841.9	679.4	465.5
Minority Interest in Earnings	-42.5	-46.9	-47.2	-36.5	-14.5	-4.4
Net Income	1,190	1,105	951	805.4	664.9	461.1
Net Income to Common	1,190	1,105	951	805.4	664.9	461.1
Net Income Growth	15.99%	16.16%	18.08%	21.13%	44.20%	-1.77%
Shares Outstanding (Basic)	548	548	545	542	540	539
Shares Outstanding (Diluted)	553	552	549	548	546	541
Shares Change (YoY)	0.61%	0.56%	0.31%	0.31%	0.98%	0.30%
EPS (Basic)	2.17	2.02	1.74	1.49	1.23	0.85
EPS (Diluted)	2.15	2.00	1.73	1.47	1.22	0.85
EPS Growth	15.27%	15.54%	17.68%	20.77%	42.79%	-2.05%
Free Cash Flow	1,013	723	730.7	555.7	792.5	633.6
Free Cash Flow Per Share	1.83	1.31	1.33	1.01	1.45	1.17
Dividend Per Share	1.080	1.010	0.870	0.600	0.500	0.200
Dividend Growth	13.68%	16.09%	45.00%	20.00%	150.00%	33.33%
Gross Margin	47.80%	45.30%	43.68%	46.71%	46.01%	47.18%
Operating Margin	20.91%	20.54%	19.50%	18.65%	18.45%	16.47%
Profit Margin	13.33%	12.96%	12.10%	11.57%	11.24%	8.38%
Free Cash Flow Margin	11.35%	8.48%	9.30%	7.98%	13.39%	11.52%
EBITDA	2,159	2,012	1,761	1,489	1,277	1,105
EBITDA Margin	24.17%	23.61%	22.41%	21.39%	21.58%	20.09%
D&A For EBITDA	291.2	261.2	228.3	190.6	185.5	199.2
EBIT	1,868	1,751	1,533	1,298	1,092	905.6
EBIT Margin	20.91%	20.54%	19.50%	18.65%	18.45%	16.47%
Effective Tax Rate	27.32%	27.17%	28.12%	28.30%	29.16%	30.99%
Advertising Expenses	-	209.1	187.3	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.