Insimbi Industrial Holdings Limited (JSE: ISB)

ISB Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb 29, 2024	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021	Feb 29, 2020
Revenue	5,590	5,590	5,731	6,059	4,910	4,812
Revenue Growth (YoY)	-2.46%	-2.46%	-5.40%	23.40%	2.03%	5.87%
Cost of Revenue	5,163	5,163	5,221	5,503	4,473	4,415
Gross Profit	427.28	427.28	510.11	555.31	436.23	397.13
Selling, General & Admin	244.69	244.69	267.89	294.83	265.68	43.15
Other Operating Expenses	53.58	53.58	64.34	65.11	55.14	263.13
Operating Expenses	298.27	298.27	328.67	361.2	321.83	307.58
Operating Income	129	129	181.44	194.12	114.4	89.55
Interest Expense	-72.88	-72.88	-57.94	-62.03	-53.74	-49.69
Interest & Investment Income	2.58	2.58	0.61	0.72	2.23	0.58
Earnings From Equity Investments	6.01	6.01	5.07	4.61	2.62	3.16
Currency Exchange Gain (Loss)	-2.38	-2.38	-1.3	-6.25	-5.28	5.24
Other Non Operating Income (Expenses)	-0.37	-0.37	-0.66	-0.18	-	-
EBT Excluding Unusual Items	61.95	61.95	127.22	131.01	60.23	48.83
Merger & Restructuring Charges	-	-	-	-	-	-3.74
Impairment of Goodwill	-	-	-	-	-	-5.73
Gain (Loss) on Sale of Assets	-3.36	-3.36	2.02	7.39	1.43	0.09
Asset Writedown	-	-	-	-	-	-2.66
Other Unusual Items	-	-	17.63	11.24	2.97	11
Pretax Income	58.59	58.59	146.87	149.64	64.63	47.78
Income Tax Expense	15.71	15.71	39.52	45.39	20.75	18.41
Earnings From Continuing Operations	42.88	42.88	107.34	104.25	43.88	29.37
Minority Interest in Earnings	-	-	-	-	-	3.42
Net Income	42.88	42.88	107.34	104.25	43.88	32.79
Net Income to Common	42.88	42.88	107.34	104.25	43.88	32.79
Net Income Growth	-60.06%	-60.06%	2.97%	137.57%	33.83%	-29.71%
Shares Outstanding (Basic)	361	361	384	402	414	406
Shares Outstanding (Diluted)	364	364	389	418	438	421
Shares Change (YoY)	-6.23%	-6.23%	-7.06%	-4.47%	4.01%	3.71%
EPS (Basic)	0.12	0.12	0.28	0.26	0.11	0.08
EPS (Diluted)	0.12	0.12	0.28	0.25	0.10	0.08
EPS Growth	-57.42%	-57.42%	10.79%	148.80%	28.63%	-32.20%
Free Cash Flow	85.45	85.45	112.72	174.62	10.89	109.79
Free Cash Flow Per Share	0.23	0.23	0.29	0.42	0.02	0.26
Dividend Per Share	0.025	0.025	0.080	-	-	0.020
Dividend Growth	-68.75%	-68.75%	-	-	-	-50.00%
Gross Margin	7.64%	7.64%	8.90%	9.17%	8.89%	8.25%
Operating Margin	2.31%	2.31%	3.17%	3.20%	2.33%	1.86%
Profit Margin	0.77%	0.77%	1.87%	1.72%	0.89%	0.68%
Free Cash Flow Margin	1.53%	1.53%	1.97%	2.88%	0.22%	2.28%
EBITDA	155.42	155.42	213.94	235.49	153.35	120.15
EBITDA Margin	2.78%	2.78%	3.73%	3.89%	3.12%	2.50%
D&A For EBITDA	26.42	26.42	32.5	41.37	38.95	30.6
EBIT	129	129	181.44	194.12	114.4	89.55
EBIT Margin	2.31%	2.31%	3.17%	3.20%	2.33%	1.86%
Effective Tax Rate	26.82%	26.82%	26.91%	30.33%	32.11%	38.53%

Source: S&P Capital IQ. Standard template. Financial Sources.