Combined Motor Holdings Limited (JSE:CMH)

Combined Motor Holdings Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Operating Revenue	14,303	13,236	12,823	12,415	11,168	8,580
Other Revenue	14.73	15.57	16.15	19.58	-	-
Revenue	14,318	13,252	12,840	12,434	11,168	8,580
Revenue Growth (YoY)	12.27%	3.21%	3.26%	11.34%	30.17%	-23.10%
Cost of Revenue	11,744	10,787	10,314	10,037	9,098	7,088
Gross Profit	2,574	2,465	2,526	2,397	2,070	1,492
Selling, General & Admin	1,750	1,680	1,619	1,478	1,332	1,032
Other Operating Expenses	-19.98	-20.26	-23.87	-21.03	-16.58	-16.55
Operating Expenses	1,896	1,826	1,755	1,610	1,464	1,150
Operating Income	678.36	638.73	771.31	787.05	605.76	341.62
Interest Expense	-290.91	-288.06	-280.01	-192.76	-124.11	-136.66
Interest & Investment Income	59.2	56.71	55.81	39.79	28.31	25.94
Currency Exchange Gain (Loss)	-0.24	-0.24	1.52	-0.4	-	-
EBT Excluding Unusual Items	446.41	407.15	548.62	633.67	509.97	230.89
Impairment of Goodwill	-	-	-	-17.67	-	-6.25
Gain (Loss) on Sale of Assets	-0.12	-0.12	0.04	-0.63	0.22	2.74
Other Unusual Items	-	-	-	-	0.17	6.94
Pretax Income	447.46	408.2	556.96	620.44	510.35	234.32
Income Tax Expense	115.54	106.71	148.47	176.98	135.47	65.56
Earnings From Continuing Operations	331.92	301.49	408.48	443.46	374.89	168.76
Net Income to Company	331.92	301.49	408.48	443.46	374.89	168.76
Net Income	331.92	301.49	408.48	443.46	374.89	168.76
Net Income to Common	331.92	301.49	408.48	443.46	374.89	168.76
Net Income Growth	-4.02%	-26.19%	-7.89%	18.29%	122.14%	-11.42%
Shares Outstanding (Basic)	75	75	75	75	75	75
Shares Outstanding (Diluted)	76	76	76	77	77	75
Shares Change (YoY)	0.47%	-0.26%	-1.20%	0.34%	2.79%	-
EPS (Basic)	4.44	4.03	5.46	5.93	5.01	2.26
EPS (Diluted)	4.38	3.97	5.36	5.75	4.88	2.26
EPS Growth	-4.46%	-25.99%	-6.77%	17.88%	116.14%	-11.42%
Free Cash Flow	646.96	714.69	670.96	475.13	361.82	353.2
Free Cash Flow Per Share	8.53	9.40	8.80	6.16	4.71	4.72
Dividend Per Share	1.710	2.730	3.660	4.080	3.350	2.250
Dividend Growth	-46.89%	-25.41%	-10.29%	21.79%	48.89%	268.85%
Gross Margin	17.98%	18.60%	19.67%	19.28%	18.54%	17.39%
Operating Margin	4.74%	4.82%	6.01%	6.33%	5.42%	3.98%
Profit Margin	2.32%	2.27%	3.18%	3.57%	3.36%	1.97%
Free Cash Flow Margin	4.52%	5.39%	5.23%	3.82%	3.24%	4.12%
EBITDA	848.76	812.99	950.44	1,013	731.37	431.69
EBITDA Margin	5.93%	6.13%	7.40%	8.15%	6.55%	5.03%
D&A For EBITDA	170.4	174.25	179.14	225.89	125.61	90.07
EBIT	678.36	638.73	771.31	787.05	605.76	341.62
EBIT Margin	4.74%	4.82%	6.01%	6.33%	5.42%	3.98%
Effective Tax Rate	25.82%	26.14%	26.66%	28.52%	26.54%	27.98%
Revenue as Reported	13,252	13,252	12,840	-	-	-
Advertising Expenses	-	70.07	56.4	53.19	36.7	29.06

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