Hulamin 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	14,149	13,635	13,796	15,930	13,015	8,549
Revenue Growth (YoY)	8.99%	-1.16%	-13.40%	22.40%	52.24%	-20.17%
Cost of Revenue	12,889	12,068	11,912	14,042	11,378	7,657
Gross Profit	1,260	1,567	1,884	1,888	1,637	891.81
Selling, General & Admin	1,173	1,209	1,382	1,355	1,181	883.06
Other Operating Expenses	-54.93	-51.32	-6.42	-4.29	-23.2	59.12
Operating Expenses	1,118	1,158	1,375	1,350	1,154	942.18
Operating Income	142.55	409.82	508.43	537.8	483.57	-50.37
Interest Expense	-189.03	-172.36	-160.7	-102.21	-64.83	-45.97
Interest & Investment Income	2.54	3.18	13.36	10.76	9.36	9.07
Earnings From Equity Investments	-	-0.67	-4.05	1.19	-2.26	-1.57
EBT Excluding Unusual Items	-43.95	239.98	357.04	447.54	425.84	-88.83
Merger & Restructuring Charges	-	-	-	-	-	-7.84
Gain (Loss) on Sale of Investments	-17.54	-	-	-	-	-11.21
Gain (Loss) on Sale of Assets	2.67	2.25	-0.74	-7.75	39.51	0.01
Asset Writedown	-21.22	-21.22	-	-	-	-8.43
Other Unusual Items	-	-	-	-	14.93	-3.72
Pretax Income	64.84	370.54	380.63	439.79	480.28	-120.02
Income Tax Expense	52.7	124.19	108.83	140.08	-110.99	119.49
Net Income	-34.78	246.34	271.8	299.71	591.26	-239.51
Net Income to Common	-34.78	246.34	271.8	299.71	591.26	-239.51
Net Income Growth	-	-9.37%	-9.31%	-49.31%	-	-
Shares Outstanding (Basic)	308	308	308	308	308	308
Shares Outstanding (Diluted)	308	336	328	328	328	308
Shares Change (YoY)	-5.88%	2.21%	0.05%	0.16%	6.19%	-2.77%
EPS (Basic)	-0.11	0.80	0.88	0.97	1.92	-0.78
EPS (Diluted)	-0.11	0.73	0.83	0.91	1.80	-0.78
EPS Growth	-	-12.05%	-8.79%	-49.44%	-	-
Free Cash Flow	-264.75	-584.73	110.08	-162.15	96.93	-491.93
Free Cash Flow Per Share	-0.86	-1.74	0.34	-0.49	0.30	-1.59
Gross Margin	8.91%	11.50%	13.66%	11.85%	12.58%	10.43%
Operating Margin	1.01%	3.01%	3.69%	3.38%	3.72%	-0.59%
Profit Margin	-0.25%	1.81%	1.97%	1.88%	4.54%	-2.80%
Free Cash Flow Margin	-1.87%	-4.29%	0.80%	-1.02%	0.74%	-5.75%
EBITDA	278.56	543.66	613.05	617.75	551.7	-1.98
EBITDA Margin	1.97%	3.99%	4.44%	3.88%	4.24%	-0.02%
D&A For EBITDA	136.01	133.83	104.63	79.95	68.13	48.39
EBIT	142.55	409.82	508.43	537.8	483.57	-50.37
EBIT Margin	1.01%	3.01%	3.69%	3.38%	3.72%	-0.59%
Effective Tax Rate	81.28%	33.52%	28.59%	31.85%	-	-

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