Master Drilling Group Limited (JSE: MDI)

Master Drilling Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	261.57	242.8	226.39	171.84	123.14	148.33
Revenue Growth (YoY)	9.85%	7.25%	31.75%	39.54%	-16.98%	6.92%
Cost of Revenue	188.56	174.37	161.48	123.2	95.18	104.2
Gross Profit	73.01	68.43	64.92	48.64	27.97	44.13
Other Operating Expenses	42.79	36.22	31.21	19.83	15.66	19.99
Operating Expenses	40.45	35.93	31.24	20.87	16.85	21.68
Operating Income	32.56	32.5	33.68	27.77	11.12	22.45
Interest Expense	-6.45	-5.59	-2.91	-2.56	-2.96	-4.6
Interest & Investment Income	1.98	1.4	0.89	0.52	0.27	1.14
Earnings From Equity Investments	-0.01	0.75	1.38	0.52	-0.15	0.01
Currency Exchange Gain (Loss)	1.05	1.05	-	-	-	-
Other Non Operating Income (Expenses)	-0.22	-0.22	-1.56	-	-	-
EBT Excluding Unusual Items	28.91	29.91	31.48	26.25	8.27	19
Gain (Loss) on Sale of Investments	-	-	-	-	-1.38	-
Gain (Loss) on Sale of Assets	0.28	0.28	0.97	-	-	-
Asset Writedown	-13.37	-0.02	-0.17	1.89	-	-
Other Unusual Items	-	-	0.16	-	0.59	-
Pretax Income	15.83	30.17	32.44	28.14	7.49	19
Income Tax Expense	4.46	7.87	10.33	8.23	4.28	3.61
Earnings From Continuing Operations	11.37	22.3	22.11	19.91	3.21	15.38
Minority Interest in Earnings	-2.07	-1.72	-0.68	0.11	0.13	-0.12
Net Income	9.29	20.58	21.43	20.03	3.34	15.26
Net Income to Common	9.29	20.58	21.43	20.03	3.34	15.26
Net Income Growth	-58.24%	-3.94%	6.99%	500.23%	-78.14%	-9.01%
Shares Outstanding (Basic)	152	152	151	151	151	151
Shares Outstanding (Diluted)	152	152	151	151	151	152
Shares Change (YoY)	0.24%	0.11%	0.07%	0.33%	-0.60%	-0.30%
EPS (Basic)	0.06	0.14	0.14	0.13	0.02	0.10
EPS (Diluted)	0.06	0.14	0.14	0.13	0.02	0.10
EPS Growth	-58.28%	-4.06%	7.27%	500.00%	-78.22%	-8.18%
Free Cash Flow	8.13	1.53	3.59	14.98	16.29	-0.1
Free Cash Flow Per Share	0.05	0.01	0.02	0.10	0.11	-0.00
Dividend Per Share	0.029	0.029	0.028	0.020	-	-
Dividend Growth	2.73%	2.73%	37.20%	-	-	-
Gross Margin	27.91%	28.18%	28.67%	28.31%	22.71%	29.75%
Operating Margin	12.45%	13.39%	14.88%	16.16%	9.03%	15.13%
Profit Margin	3.55%	8.48%	9.46%	11.65%	2.71%	10.29%
Free Cash Flow Margin	3.11%	0.63%	1.59%	8.72%	13.23%	-0.07%
EBITDA	46.07	46.21	48.5	38.5	19.82	29.08
EBITDA Margin	17.61%	19.03%	21.43%	22.40%	16.10%	19.60%
D&A For EBITDA	13.51	13.71	14.83	10.73	8.71	6.63
EBIT	32.56	32.5	33.68	27.77	11.12	22.45
EBIT Margin	12.45%	13.39%	14.88%	16.16%	9.03%	15.13%
Effective Tax Rate	28.19%	26.08%	31.86%	29.23%	57.16%	19.03%

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