Afrimat Limited (JSE: AFT)

Afrimat 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	6,083	6,083	4,908	4,680	3,694	3,304
Revenue Growth (YoY)	23.94%	23.94%	4.88%	26.70%	11.78%	11.39%
Cost of Revenue	4,003	4,003	3,216	2,967	2,237	2,239
Gross Profit	2,081	2,081	1,692	1,713	1,457	1,065
Selling, General & Admin	688.19	688.19	614.02	687.99	566.32	478.4
Other Operating Expenses	136.42	136.42	104.43	-90.55	-11.83	-13.04
Operating Expenses	882.6	882.6	771.09	599.14	554.48	465.37
Operating Income	1,198	1,198	921.39	1,114	902.38	599.66
Interest Expense	-56.22	-56.22	-41.7	-55.28	-26.63	-37.31
Interest & Investment Income	36.17	36.17	33.81	12.43	21.02	18.18
Earnings From Equity Investments	1.83	1.83	-	0.26	0.29	0.3
Currency Exchange Gain (Loss)	-15.86	-15.86	39.65	-	-18	6.47
Other Non Operating Income (Expenses)	-20.74	-20.74	-18.8	-	-11.66	-8.86
EBT Excluding Unusual Items	1,143	1,143	934.35	1,072	867.41	578.45
Merger & Restructuring Charges	-	-	-1	-	-2.23	-
Impairment of Goodwill	-22.92	-22.92	-	-	-	-10.15
Gain (Loss) on Sale of Investments	9.37	9.37	2.5	-	25.84	2.18
Gain (Loss) on Sale of Assets	-6.94	-6.94	2.79	7.9	0.38	2.79
Asset Writedown	-9.36	-9.36	-3.78	-13.34	-	-
Other Unusual Items	-	-	-	-	150.53	-
Pretax Income	1,113	1,113	934.86	1,066	1,042	573.27
Income Tax Expense	324.69	324.69	269.38	291.15	265.48	108.09
Earnings From Continuing Operations	788.72	788.72	665.48	775.17	776.44	465.18
Minority Interest in Earnings	-6.94	-6.94	-4.16	-2.45	-2.57	-2.66
Net Income	781.78	781.78	661.32	772.71	773.86	462.51
Net Income to Common	781.78	781.78	661.32	772.71	773.86	462.51
Net Income Growth	18.21%	18.21%	-14.42%	-0.15%	67.32%	53.47%
Shares Outstanding (Basic)	150	150	145	138	135	135
Shares Outstanding (Diluted)	152	152	147	141	138	137
Shares Change (YoY)	3.43%	3.43%	3.95%	2.18%	1.01%	-0.23%
EPS (Basic)	5.20	5.20	4.57	5.61	5.72	3.42
EPS (Diluted)	5.14	5.14	4.50	5.47	5.59	3.38
EPS Growth	14.31%	14.31%	-17.67%	-2.29%	65.65%	53.85%
Free Cash Flow	542.17	542.17	176.71	137.87	578.57	522.57
Free Cash Flow Per Share	3.57	3.57	1.20	0.98	4.18	3.82
Dividend Per Share	1.940	1.940	1.500	1.860	1.480	1.170
Dividend Growth	29.33%	29.33%	-19.35%	25.68%	26.50%	44.44%
Gross Margin	34.20%	34.20%	34.48%	36.61%	39.44%	32.23%
Operating Margin	19.69%	19.69%	18.77%	23.81%	24.43%	18.15%
Profit Margin	12.85%	12.85%	13.47%	16.51%	20.95%	14.00%
Free Cash Flow Margin	8.91%	8.91%	3.60%	2.95%	15.66%	15.81%
EBITDA	1,559	1,559	1,276	1,396	1,102	770.06
EBITDA Margin	25.63%	25.63%	25.99%	29.84%	29.83%	23.30%
D&A For EBITDA	361.32	361.32	354.26	282.07	199.54	170.4
EBIT	1,198	1,198	921.39	1,114	902.38	599.66
EBIT Margin	19.69%	19.69%	18.77%	23.81%	24.43%	18.15%
Effective Tax Rate	29.16%	29.16%	28.82%	27.30%	25.48%	18.86%

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