Adcorp Holdings Income Statement

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

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Revenue	12,862	13,237	12,982	12,049	11,318	11,717
Revenue Growth (YoY)	-3.24%	1.96%	7.75%	6.46%	-3.40%	-9.33%
Cost of Revenue	11,585	11,935	11,725	10,767	10,110	10,575
Gross Profit	1,277	1,301	1,257	1,282	1,208	1,142
Selling, General & Admin	1,093	1,153	1,154	1,114	1,042	1,156
Other Operating Expenses	-15.11	-14.79	-24.86	-19.74	-19.55	-27.26
Operating Expenses	1,076	1,130	1,128	1,084	1,007	1,096
Operating Income	201.53	171.62	128.71	198.37	200.98	46.27
Interest Expense	-43.42	-45.65	-49.93	-50.98	-69.02	-106.85
Interest & Investment Income	15.69	11.32	11.16	5.59	5.24	16.2
EBT Excluding Unusual Items	173.8	137.29	89.94	152.98	137.2	-44.38
Impairment of Goodwill	-	-	-	-34.46	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	10.47
Other Unusual Items	-	-	-	-	-	61.67
Pretax Income	173.8	137.29	89.94	118.51	137.2	27.76
Income Tax Expense	7.84	-3.56	1.89	-2.24	31.89	22.34
Earnings From Continuing Operations	165.96	140.86	88.04	120.75	105.31	5.42
Earnings From Discontinued Operations	-	-	-	-79.98	13.64	35.91
Net Income to Company	165.96	140.86	88.04	40.77	118.96	41.33
Minority Interest in Earnings	-2.27	-2.2	-1.89	-2.19	-2.55	-3.1
Net Income	163.69	138.65	86.15	38.58	116.4	38.23
Net Income to Common	163.69	138.65	86.15	38.58	116.4	38.23
Net Income Growth	101.03%	60.94%	123.30%	-66.86%	204.50%	-
Shares Outstanding (Basic)	102	103	103	103	107	107
Shares Outstanding (Diluted)	107	106	106	107	113	111
Shares Change (YoY)	1.85%	0.55%	-1.21%	-4.98%	2.01%	2.64%
EPS (Basic)	1.60	1.35	0.84	0.37	1.09	0.36
EPS (Diluted)	1.53	1.30	0.81	0.36	1.03	0.35
EPS Growth	97.19%	59.95%	126.24%	-65.14%	198.50%	-
Free Cash Flow	110.63	331.05	59.52	251.51	134.9	754.86
Free Cash Flow Per Share	1.03	3.11	0.56	2.35	1.20	6.83
Dividend Per Share	0.748	0.634	0.403	0.287	0.470	-
Dividend Growth	98.87%	57.32%	40.42%	-38.94%	-	-
Gross Margin	9.93%	9.83%	9.68%	10.64%	10.67%	9.74%
Operating Margin	1.57%	1.30%	0.99%	1.65%	1.78%	0.40%
Profit Margin	1.27%	1.05%	0.66%	0.32%	1.03%	0.33%
Free Cash Flow Margin	0.86%	2.50%	0.46%	2.09%	1.19%	6.44%
EBITDA	224.58	195.92	153.95	227.07	233.59	116.38
EBITDA Margin	1.75%	1.48%	1.19%	1.88%	2.06%	0.99%
D&A For EBITDA	23.05	24.3	25.24	28.71	32.61	70.11
EBIT	201.53	171.62	128.71	198.37	200.98	46.27
EBIT Margin	1.57%	1.30%	0.99%	1.65%	1.78%	0.40%
Effective Tax Rate	4.51%	-	2.11%	-	23.24%	80.47%

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.