Adcorp Holdings Limited (JSE:ADR)

Adcorp Holdings Income Statement

Financials in millions ZAR. Fiscal year is March - February.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Aug 31, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Revenue	13,293	12,982	12,049	11,318	11,717	12,922
Revenue Growth (YoY)	5.12%	7.75%	6.46%	-3.40%	-9.33%	-11.04%
Cost of Revenue	12,016	11,725	10,767	10,110	10,575	11,453
Gross Profit	1,277	1,257	1,282	1,208	1,142	1,470
Selling, General & Admin	1,192	1,154	1,114	1,042	1,156	1,394
Other Operating Expenses	-20.68	-24.86	-19.74	-19.55	-27.26	-26.71
Operating Expenses	1,166	1,128	1,084	1,007	1,096	1,359
Operating Income	111.52	128.71	198.37	200.98	46.27	110.76
Interest Expense	-49.62	-49.93	-50.98	-69.02	-106.85	-126.78
Interest & Investment Income	10.93	11.16	5.59	5.24	16.2	21.94
Other Non Operating Income (Expenses)	-	-	-	-	-	-0.68
EBT Excluding Unusual Items	72.84	89.94	152.98	137.2	-44.38	5.25
Impairment of Goodwill	-	-	-34.46	-	-	-558.08
Gain (Loss) on Sale of Assets	-	-	-	-	10.47	0.21
Asset Writedown	-	-	-	-	-	-38.7
Other Unusual Items	-	-	-	-	61.67	-
Pretax Income	72.84	89.94	118.51	137.2	27.76	-591.33
Income Tax Expense	-9.23	1.89	-2.24	31.89	22.34	71.98
Earnings From Continuing Operations	82.07	88.04	120.75	105.31	5.42	-663.31
Earnings From Discontinued Operations	-	-	-79.98	13.64	35.91	58.55
Net Income to Company	82.07	88.04	40.77	118.96	41.33	-604.75
Minority Interest in Earnings	-0.64	-1.89	-2.19	-2.55	-3.1	-0.31
Net Income	81.43	86.15	38.58	116.4	38.23	-605.07
Net Income to Common	81.43	86.15	38.58	116.4	38.23	-605.07
Net Income Growth	34.39%	123.30%	-66.86%	204.50%	-	-
Shares Outstanding (Basic)	103	103	103	107	107	108
Shares Outstanding (Diluted)	105	106	107	113	111	108
Shares Change (YoY)	-1.42%	-1.21%	-4.98%	2.01%	2.64%	-3.60%
EPS (Basic)	0.79	0.84	0.37	1.09	0.36	-5.62
EPS (Diluted)	0.78	0.81	0.36	1.03	0.35	-5.62
EPS Growth	36.52%	126.24%	-65.14%	198.50%	-	-
Free Cash Flow	200.34	59.52	251.51	134.9	754.86	13.39
Free Cash Flow Per Share	1.91	0.56	2.35	1.20	6.83	0.12
Dividend Per Share	0.376	0.403	0.287	0.470	-	-
Dividend Growth	15.34%	40.42%	-38.94%	-	-	-
Gross Margin	9.61%	9.68%	10.64%	10.67%	9.74%	11.37%
Operating Margin	0.84%	0.99%	1.65%	1.78%	0.40%	0.86%
Profit Margin	0.61%	0.66%	0.32%	1.03%	0.33%	-4.68%
Free Cash Flow Margin	1.51%	0.46%	2.09%	1.19%	6.44%	0.10%
EBITDA	137.19	153.95	227.07	233.59	116.38	193.29
EBITDA Margin	1.03%	1.19%	1.88%	2.06%	0.99%	1.50%
D&A For EBITDA	25.66	25.24	28.71	32.61	70.11	82.53
EBIT	111.52	128.71	198.37	200.98	46.27	110.76
EBIT Margin	0.84%	0.99%	1.65%	1.78%	0.40%	0.86%
Effective Tax Rate	-	2.11%	-	23.24%	80.47%	-

Updated Oct 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.