Channel Vas Investments Limited (JSE:OPA)

Channel Vas Investments Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	206.81	151.19	128.57	124.14
Revenue Growth (YoY)	66.60%	17.60%	3.57%	-
Cost of Revenue	86.47	52.87	34.66	28.99
Gross Profit	120.34	98.33	93.9	95.15
Selling, General & Admin	34.33	26.31	28.06	26.65
Other Operating Expenses	6.19	10.51	15.84	10.62
Operating Expenses	49.74	45.51	51.48	43.83
Operating Income	70.6	52.82	42.43	51.32
Interest Expense	-11.63	-10.82	-7.6	-1.94
Interest & Investment Income	0.51	0.57	0.21	0.14
Earnings From Equity Investments	-0.08	-0.21	-0.34	-0.3
Currency Exchange Gain (Loss)	0.26	-0.39	-6.05	-14.24
Other Non Operating Income (Expenses)	-0.36	-0.36	-	-
Pretax Income	59.3	41.6	28.65	34.99
Income Tax Expense	7.41	5.38	1.17	1.21
Net Income	51.89	36.23	27.47	33.78
Net Income to Common	51.89	36.23	27.47	33.78
Net Income Growth	53.62%	31.86%	-18.67%	-
Gross Margin	58.19%	65.03%	73.04%	76.65%
Operating Margin	34.14%	34.94%	33.00%	41.34%
Profit Margin	25.09%	23.96%	21.37%	27.21%
EBITDA	79.82	61.5	50	57.88
EBITDA Margin	38.60%	40.68%	38.89%	46.63%
D&A For EBITDA	9.22	8.68	7.57	6.56
EBIT	70.6	52.82	42.43	51.32
EBIT Margin	34.14%	34.94%	33.00%	41.34%
Effective Tax Rate	12.50%	12.92%	4.09%	3.47%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.