Netcare Limited (JSE: NTC)

Netcare Income Statement

Financials in millions ZAR. Fiscal year is October - September.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Mar 31, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Revenue	24,196	23,699	21,636	21,200	18,843	21,589
Revenue Growth (YoY)	5.84%	9.54%	2.06%	12.51%	-12.72%	4.21%
Cost of Revenue	12,227	11,937	11,085	10,748	9,810	10,653
Gross Profit	11,969	11,762	10,551	10,452	9,033	10,936
Selling, General & Admin	9,447	9,308	8,569	8,501	7,797	7,666
Other Operating Expenses	-365	-325	-255	-142	-112	-446
Operating Expenses	9,082	8,983	8,314	8,359	7,685	7,220
Operating Income	2,887	2,779	2,237	2,093	1,348	3,716
Interest Expense	-1,114	-1,002	-828	-845	-997	-603
Interest & Investment Income	182	144	115	116	156	172
Earnings From Equity Investments	41	40	21	-114	56	75
Currency Exchange Gain (Loss)	-	-	-	-	-	128
Other Non Operating Income (Expenses)	2	2	-	-1	-4	-6
EBT Excluding Unusual Items	1,998	1,963	1,545	1,249	559	3,482
Gain (Loss) on Sale of Investments	-11	-31	-	-	522	-118
Asset Writedown	-125	-125	-11	-73	-3	-7
Other Unusual Items	-	-	-	-	-348	-
Pretax Income	1,862	1,807	1,534	1,176	730	3,357
Income Tax Expense	484	471	484	416	291	879
Earnings From Continuing Operations	1,378	1,336	1,050	760	439	2,478
Net Income to Company	1,378	1,336	1,050	760	439	2,478
Minority Interest in Earnings	-21	-15	-37	9	7	-31
Net Income	1,357	1,321	1,013	769	446	2,447
Preferred Dividends & Other Adjustments	72	64	46	39	68	70
Net Income to Common	1,285	1,257	967	730	378	2,377
Net Income Growth	11.23%	30.40%	31.73%	72.42%	-81.77%	-50.47%
Shares Outstanding (Basic)	1,312	1,330	1,338	1,336	1,336	1,345
Shares Outstanding (Diluted)	1,325	1,345	1,348	1,344	1,343	1,358
Shares Change (YoY)	-1.60%	-0.22%	0.30%	0.07%	-1.10%	-1.45%
EPS (Basic)	0.98	0.95	0.72	0.55	0.28	1.77
EPS (Diluted)	0.96	0.94	0.72	0.54	0.28	1.75
EPS Growth	11.24%	30.40%	32.04%	93.24%	-83.94%	-50.51%
Free Cash Flow	585	1,245	1,230	1,173	-1,093	1,840
Free Cash Flow Per Share	0.44	0.93	0.91	0.87	-0.81	1.35
Dividend Per Share	0.650	0.650	0.500	0.340	-	1.110
Dividend Growth	8.33%	30.00%	47.06%	-	-	6.73%
Gross Margin	49.47%	49.63%	48.77%	49.30%	47.94%	50.66%
Operating Margin	11.93%	11.73%	10.34%	9.87%	7.15%	17.21%
Profit Margin	5.31%	5.30%	4.47%	3.44%	2.01%	11.01%
Free Cash Flow Margin	2.42%	5.25%	5.68%	5.53%	-5.80%	8.52%
EBITDA	3,711	3,583	2,988	2,854	2,133	4,455
EBITDA Margin	15.34%	15.12%	13.81%	13.46%	11.32%	20.64%
D&A For EBITDA	824	804	751	761	785	739
EBIT	2,887	2,779	2,237	2,093	1,348	3,716
EBIT Margin	11.93%	11.73%	10.34%	9.87%	7.15%	17.21%
Effective Tax Rate	25.99%	26.07%	31.55%	35.37%	39.86%	26.18%

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