Curro Holdings Limited (JSE:COH)

Curro Holdings 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	5,098	4,719	4,156	3,543	3,094
Revenue Growth (YoY)	8.03%	13.55%	17.30%	14.51%	5.10%
Cost of Revenue	2,452	2,305	2,110	1,870	1,600
Gross Profit	2,646	2,414	2,046	1,673	1,494
Selling, General & Admin	489	451	400	346	328
Other Operating Expenses	688	664.8	573	375	306.5
Operating Expenses	1,725	1,584	1,401	1,165	1,039
Operating Income	921	830	645	508	455
Interest Expense	-381	-328	-258	-242	-279
Interest & Investment Income	67	54	50	72	56
EBT Excluding Unusual Items	607	556	437	338	232
Impairment of Goodwill	-74	-87	-3	-	-9
Gain (Loss) on Sale of Assets	1	-10	1	-	-
Asset Writedown	-386	-378	-171	-	-256
Other Unusual Items	-	-	25	14	-
Pretax Income	161	98	289	352	-33
Income Tax Expense	64	66	54	101	10
Earnings From Continuing Operations	97	32	235	251	-43
Net Income to Company	97	32	235	251	-43
Minority Interest in Earnings	8	9	4	8	12
Net Income	105	41	239	259	-31
Net Income to Common	105	41	239	259	-31
Net Income Growth	156.10%	-82.84%	-7.72%	-	-
Shares Outstanding (Basic)	565	582	594	598	471
Shares Outstanding (Diluted)	565	582	598	598	471
Shares Change (YoY)	-2.87%	-2.68%	-	26.96%	14.32%
EPS (Basic)	0.19	0.07	0.40	0.43	-0.07
EPS (Diluted)	0.19	0.07	0.40	0.43	-0.07
EPS Growth	165.35%	-82.46%	-7.85%	-	-
Free Cash Flow	230	226	-101	-92	-118
Free Cash Flow Per Share	0.41	0.39	-0.17	-0.15	-0.25
Dividend Per Share	0.166	0.146	0.111	0.082	-
Dividend Growth	13.39%	32.13%	35.12%	-	-
Gross Margin	51.90%	51.15%	49.23%	47.22%	48.29%
Operating Margin	18.07%	17.59%	15.52%	14.34%	14.71%
Profit Margin	2.06%	0.87%	5.75%	7.31%	-1.00%
Free Cash Flow Margin	4.51%	4.79%	-2.43%	-2.60%	-3.81%
EBITDA	1,179	1,081	872	745	647
EBITDA Margin	23.13%	22.91%	20.98%	21.03%	20.91%
D&A For EBITDA	258	251	227	237	192
EBIT	921	830	645	508	455
EBIT Margin	18.07%	17.59%	15.52%	14.34%	14.71%
Effective Tax Rate	39.75%	67.35%	18.68%	28.69%	-

Updated Mar 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.