Bell Equipment Limited (JSE:BEL)

Bell Equipment Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	11,697	13,514	10,276	8,017	6,690
Revenue Growth (YoY)	-13.44%	31.50%	28.18%	19.83%	-14.48%
Cost of Revenue	9,229	10,812	8,245	6,473	5,456
Gross Profit	2,468	2,702	2,031	1,544	1,234
Selling, General & Admin	2,024	1,847	1,586	1,325	1,311
Other Operating Expenses	-311.11	-339.51	-260.13	-184.96	-112.68
Operating Expenses	1,713	1,508	1,326	1,140	1,198
Operating Income	754.4	1,194	705.19	403.72	35.62
Interest Expense	-185.05	-196.77	-136.98	-96.39	-154.17
Interest & Investment Income	102.91	83.21	77.51	62.28	51.03
Pretax Income	672.26	1,080	645.72	369.61	-67.53
Income Tax Expense	201.19	286.58	166.87	75.34	-10.37
Earnings From Continuing Operations	471.06	793.57	478.85	294.27	-57.16
Minority Interest in Earnings	-30.63	-29.96	-22.01	-7.5	-7.13
Net Income	440.44	763.61	456.85	286.77	-64.29
Net Income to Common	440.44	763.61	456.85	286.77	-64.29
Net Income Growth	-42.32%	67.15%	59.31%	-	-
Shares Outstanding (Basic)	96	96	96	96	96
Shares Outstanding (Diluted)	106	103	128	110	96
Shares Change (YoY)	3.75%	-19.70%	16.01%	15.22%	-
EPS (Basic)	4.61	7.99	4.78	3.00	-0.67
EPS (Diluted)	4.14	7.44	3.57	2.60	-0.67
EPS Growth	-44.35%	108.40%	37.31%	-	-
Free Cash Flow	1,746	39.05	-347.04	490.21	734.08
Free Cash Flow Per Share	16.39	0.38	-2.71	4.45	7.68
Dividend Per Share	1.600	-	0.900	0.500	-
Dividend Growth	-	-	80.00%	-	-
Gross Margin	21.10%	19.99%	19.77%	19.26%	18.44%
Operating Margin	6.45%	8.83%	6.86%	5.04%	0.53%
Profit Margin	3.77%	5.65%	4.45%	3.58%	-0.96%
Free Cash Flow Margin	14.93%	0.29%	-3.38%	6.12%	10.97%
EBITDA	841.63	1,309	847.18	555.12	176.45
EBITDA Margin	7.20%	9.69%	8.24%	6.92%	2.64%
D&A For EBITDA	87.23	115.06	141.99	151.4	140.83
EBIT	754.4	1,194	705.19	403.72	35.62
EBIT Margin	6.45%	8.83%	6.86%	5.04%	0.53%
Effective Tax Rate	29.93%	26.53%	25.84%	20.39%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.