Curro Holdings Income Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,221	5,098	4,719	4,156	3,543	3,094
Revenue Growth (YoY)	6.23%	8.03%	13.55%	17.30%	14.51%	5.10%
Cost of Revenue	2,495	2,452	2,305	2,110	1,870	1,600
Gross Profit	2,726	2,646	2,414	2,046	1,673	1,494
Selling, General & Admin	489	489	451	400	346	328
Amortization of Goodwill & Intangibles	55	63	70	66	57	43
Other Operating Expenses	749	688	664.8	573	375	306.5
Operating Expenses	1,809	1,725	1,584	1,401	1,165	1,039
Operating Income	917	921	830	645	508	455
Interest Expense	-362	-381	-328	-258	-242	-279
Interest & Investment Income	67	67	54	50	72	56
EBT Excluding Unusual Items	622	607	556	437	338	232
Impairment of Goodwill	-74	-74	-87	-3	-	-9
Gain (Loss) on Sale of Assets	-10	1	-10	1	-	-
Asset Writedown	-460	-386	-378	-171	-	-256
Other Unusual Items	-	-	-	25	14	-
Pretax Income	91	161	98	289	352	-33
Income Tax Expense	63	64	66	54	101	10
Earnings From Continuing Operations	28	97	32	235	251	-43
Net Income to Company	28	97	32	235	251	-43
Minority Interest in Earnings	-8	8	9	4	8	12
Net Income	20	105	41	239	259	-31
Net Income to Common	20	105	41	239	259	-31
Net Income Growth	-72.60%	156.10%	-82.84%	-7.72%	-	-
Shares Outstanding (Basic)	560	565	582	594	598	471
Shares Outstanding (Diluted)	560	565	582	598	598	471
Shares Change (YoY)	-2.13%	-2.87%	-2.68%	-	26.96%	14.32%
EPS (Basic)	0.04	0.19	0.07	0.40	0.43	-0.07
EPS (Diluted)	0.04	0.19	0.07	0.40	0.43	-0.07
EPS Growth	-71.86%	165.35%	-82.46%	-7.85%	-	-
Free Cash Flow	290	230	226	-101	-92	-118
Free Cash Flow Per Share	0.52	0.41	0.39	-0.17	-0.15	-0.25
Dividend Per Share	0.166	0.166	0.146	0.111	0.082	-
Dividend Growth	13.39%	13.39%	32.13%	35.12%	-	-
Gross Margin	52.21%	51.90%	51.15%	49.23%	47.22%	48.29%
Operating Margin	17.56%	18.07%	17.59%	15.52%	14.34%	14.71%
Profit Margin	0.38%	2.06%	0.87%	5.75%	7.31%	-1.00%
Free Cash Flow Margin	5.55%	4.51%	4.79%	-2.43%	-2.60%	-3.81%
EBITDA	1,179	1,179	1,081	872	745	647
EBITDA Margin	22.58%	23.13%	22.91%	20.98%	21.03%	20.91%
D&A For EBITDA	262	258	251	227	237	192
EBIT	917	921	830	645	508	455
EBIT Margin	17.56%	18.07%	17.59%	15.52%	14.34%	14.71%
Effective Tax Rate	69.23%	39.75%	67.35%	18.68%	28.69%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.