Hudaco Industries Limited (JSE:HDC)

Hudaco Industries Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	May 31, 2025	Nov 30, 2024	Nov 30, 2023	Nov 30, 2022	Nov 30, 2021	Nov 30, 2020
Revenue	8,282	8,379	8,897	8,151	7,258	6,254
Revenue Growth (YoY)	-4.03%	-5.82%	9.14%	12.31%	16.06%	-6.71%
Cost of Revenue	5,123	5,216	5,694	5,160	4,571	4,079
Gross Profit	3,159	3,163	3,203	2,992	2,687	2,175
Selling, General & Admin	1,265	1,274	1,239	1,199	1,126	973.4
Other Operating Expenses	683.85	683.85	697.87	628.74	570.75	506.89
Operating Expenses	2,151	2,160	2,133	2,000	1,861	1,664
Operating Income	1,008	1,003	1,070	991.84	825.82	510.72
Interest Expense	-130.96	-152.96	-150.12	-86.64	-68.01	-103.47
Earnings From Equity Investments	-	-	-	-	-	0.66
Other Non Operating Income (Expenses)	22.63	-12.37	-4.36	-1.19	7.08	-2.38
EBT Excluding Unusual Items	899.34	837.34	915.65	904.01	764.88	405.53
Merger & Restructuring Charges	-0.29	-0.29	-1.33	-0.39	-1.06	-
Impairment of Goodwill	-77	-77	-	-	-	-344.95
Gain (Loss) on Sale of Assets	0.21	0.21	-1.04	0.54	3.92	1.79
Asset Writedown	4.61	4.61	1.16	-	-	-3
Legal Settlements	-	-	-	-	-	35
Other Unusual Items	-	-	-	-	-	47.63
Pretax Income	826.87	764.87	914.43	931.36	767.74	142
Income Tax Expense	226.84	218.84	245.05	256.69	218.46	133.2
Earnings From Continuing Operations	600.03	546.03	669.38	674.68	549.28	8.81
Minority Interest in Earnings	-50.29	-40.29	-58.58	-78.41	-50.56	26.76
Net Income	549.74	505.74	610.81	596.27	498.72	35.56
Net Income to Common	549.74	505.74	610.81	596.27	498.72	35.56
Net Income Growth	-3.35%	-17.20%	2.44%	19.56%	1302.46%	-91.71%
Shares Outstanding (Basic)	28	28	29	30	30	32
Shares Outstanding (Diluted)	29	29	30	31	31	32
Shares Change (YoY)	0.73%	-1.87%	-4.49%	-0.12%	-1.75%	-2.28%
EPS (Basic)	19.36	17.82	21.42	20.08	16.43	1.13
EPS (Diluted)	18.90	17.44	20.67	19.27	16.10	1.13
EPS Growth	-3.91%	-15.63%	7.27%	19.69%	1327.41%	-91.51%
Free Cash Flow	1,100	1,256	536.55	571.34	619.93	792.89
Free Cash Flow Per Share	37.80	43.31	18.16	18.47	20.01	25.15
Dividend Per Share	10.500	10.250	10.250	9.250	7.600	4.100
Dividend Growth	2.44%	-	10.81%	21.71%	85.37%	-31.67%
Gross Margin	38.14%	37.75%	36.00%	36.70%	37.02%	34.77%
Operating Margin	12.17%	11.97%	12.03%	12.17%	11.38%	8.17%
Profit Margin	6.64%	6.04%	6.87%	7.32%	6.87%	0.57%
Free Cash Flow Margin	13.28%	14.99%	6.03%	7.01%	8.54%	12.68%
EBITDA	1,081	1,071	1,127	1,043	882.68	575.33
EBITDA Margin	13.05%	12.78%	12.67%	12.79%	12.16%	9.20%
D&A For EBITDA	73.62	68.62	56.67	51	56.87	64.61
EBIT	1,008	1,003	1,070	991.84	825.82	510.72
EBIT Margin	12.17%	11.97%	12.03%	12.17%	11.38%	8.17%
Effective Tax Rate	27.43%	28.61%	26.80%	27.56%	28.46%	93.80%
Revenue as Reported	8,282	8,379	8,897	8,151	-	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.