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	Feb 29, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Revenue	12,982	12,982	12,049	11,318	11,717	12,922
Revenue Growth (YoY)	7.74%	7.74%	6.46%	-3.40%	-9.33%	-11.04%
Cost of Revenue	11,725	11,725	10,767	10,110	10,575	11,453
Gross Profit	1,257	1,257	1,282	1,208	1,142	1,470
Selling, General & Admin	1,154	1,154	1,114	1,042	1,156	1,394
Other Operating Expenses	-24.86	-24.86	-19.74	-19.55	-27.26	-26.71
Operating Expenses	1,128	1,128	1,084	1,007	1,096	1,359
Operating Income	128.71	128.71	198.37	200.98	46.27	110.76
Interest Expense	-49.93	-49.93	-50.98	-69.02	-106.85	-126.78
Interest & Investment Income	11.16	11.16	5.59	5.24	16.2	21.94
Other Non Operating Income (Expenses)	-	-	-	-	-	-0.68
EBT Excluding Unusual Items	89.94	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	89.94	89.94	118.51	137.2	27.76	-591.33
Income Tax Expense	1.89	1.89	-2.24	31.89	22.34	71.98
Earnings From Continuing Operations	88.04	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	88.04	88.04	40.77	118.96	41.33	-604.75
Minority Interest in Earnings	-1.89	-1.89	-2.19	-2.55	-3.1	-0.31
Net Income	86.15	86.15	38.58	116.4	38.23	-605.07
Net Income to Common	86.15	86.15	38.58	116.4	38.23	-605.07
Net Income Growth	123.30%	123.30%	-66.85%	204.50%	-	-
Shares Outstanding (Basic)	103	103	103	107	107	108
Shares Outstanding (Diluted)	106	106	107	113	111	108
Shares Change (YoY)	-1.21%	-1.21%	-4.98%	2.01%	2.64%	-3.60%
EPS (Basic)	0.84	0.84	0.37	1.09	0.36	-5.62
EPS (Diluted)	0.81	0.81	0.36	1.03	0.35	-5.62
EPS Growth	126.24%	126.24%	-65.14%	198.50%	-	-
Free Cash Flow	59.52	59.52	251.51	134.9	754.86	13.39
Free Cash Flow Per Share	0.56	0.56	2.35	1.20	6.83	0.12
Dividend Per Share	0.403	0.403	0.287	0.470	-	-
Dividend Growth	40.42%	40.42%	-38.94%	-	-	-
Gross Margin	9.68%	9.68%	10.64%	10.68%	9.74%	11.37%
Operating Margin	0.99%	0.99%	1.65%	1.78%	0.39%	0.86%
Profit Margin	0.66%	0.66%	0.32%	1.03%	0.33%	-4.68%
Free Cash Flow Margin	0.46%	0.46%	2.09%	1.19%	6.44%	0.10%
EBITDA	153.95	153.95	227.07	233.59	116.38	193.29
EBITDA Margin	1.19%	1.19%	1.88%	2.06%	0.99%	1.50%
D&A For EBITDA	25.24	25.24	28.71	32.61	70.11	82.53
EBIT	128.71	128.71	198.37	200.98	46.27	110.76
EBIT Margin	0.99%	0.99%	1.65%	1.78%	0.39%	0.86%
Effective Tax Rate	2.11%	2.11%	-	23.24%	80.47%	-

Source: S&P Capital IQ. Standard template. Financial Sources.