Vunani Limited (JSE: VUN)

Vunani 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
Operating Revenue	665.16	665.16	654.12	630.48	511.51	344.76
Other Revenue	19.46	19.46	56.79	29.64	32.83	7.66
Revenue	684.62	684.62	710.91	660.12	544.34	352.41
Revenue Growth (YoY)	-3.70%	-3.70%	7.69%	21.27%	54.46%	-31.12%
Cost of Revenue	630.05	630.05	587.21	564.63	443.85	209.28
Gross Profit	54.57	54.57	123.7	95.49	100.5	143.14
Selling, General & Admin	0.09	0.09	0.1	-	-	50.02
Other Operating Expenses	-0.71	-0.71	-0.63	-0.76	-0.59	-0.48
Operating Expenses	1.86	1.86	6.88	-1.98	6.44	75.24
Operating Income	52.71	52.71	116.82	97.47	94.06	67.89
Interest Expense	-15.48	-15.48	-8.67	-6.44	-7.62	-8.15
Interest & Investment Income	13.16	13.16	8.36	7.79	7.17	4.78
Earnings From Equity Investments	-2.81	-2.81	-2.29	0.88	1.4	0.18
Other Non Operating Income (Expenses)	-40.71	-40.71	-17.98	-49.01	-67.92	-
EBT Excluding Unusual Items	6.87	6.87	96.24	50.69	27.09	64.7
Gain (Loss) on Sale of Investments	46.21	46.21	-11.89	30.58	23.87	-
Asset Writedown	6.6	6.6	12.3	10.28	-41.5	-
Other Unusual Items	-	-	-	17.19	0.53	5.42
Pretax Income	59.68	59.68	96.65	108.74	9.99	70.12
Income Tax Expense	35.47	35.47	39.23	37.03	-10.08	11.24
Earnings From Continuing Operations	24.22	24.22	57.42	71.7	20.07	58.89
Earnings From Discontinued Operations	-	-	-	-	-20.23	-19.42
Net Income to Company	24.22	24.22	57.42	71.7	-0.16	39.47
Minority Interest in Earnings	-9.86	-9.86	-5.01	-10.92	20.83	-3.58
Net Income	14.36	14.36	52.4	60.79	20.67	35.89
Net Income to Common	14.36	14.36	52.4	60.79	20.67	35.89
Net Income Growth	-72.61%	-72.61%	-13.79%	194.12%	-42.42%	-59.47%
Shares Outstanding (Basic)	159	159	159	160	160	161
Shares Outstanding (Diluted)	159	159	160	160	160	161
Shares Change (YoY)	-0.17%	-0.17%	-0.41%	-0.01%	-0.25%	-2.89%
EPS (Basic)	0.09	0.09	0.33	0.38	0.13	0.22
EPS (Diluted)	0.09	0.09	0.33	0.38	0.13	0.22
EPS Growth	-72.73%	-72.73%	-12.93%	193.81%	-42.15%	-58.32%
Free Cash Flow	51.75	51.75	87.55	85.52	77.34	63.18
Free Cash Flow Per Share	0.32	0.32	0.55	0.53	0.48	0.39
Dividend Per Share	0.180	0.180	0.200	0.205	0.125	-
Dividend Growth	-10.00%	-10.00%	-2.44%	64.00%	-	-
Gross Margin	7.97%	7.97%	17.40%	14.46%	18.46%	40.62%
Operating Margin	7.70%	7.70%	16.43%	14.76%	17.28%	19.27%
Profit Margin	2.10%	2.10%	7.37%	9.21%	3.80%	10.18%
Free Cash Flow Margin	7.56%	7.56%	12.32%	12.95%	14.21%	17.93%
EBITDA	68.5	68.5	130.53	110.49	108.61	79.83
EBITDA Margin	10.00%	10.00%	18.36%	16.74%	19.95%	22.65%
D&A For EBITDA	15.79	15.79	13.72	13.02	14.55	11.94
EBIT	52.71	52.71	116.82	97.47	94.06	67.89
EBIT Margin	7.70%	7.70%	16.43%	14.76%	17.28%	19.27%
Effective Tax Rate	59.43%	59.43%	40.59%	34.06%	-	16.02%
Revenue as Reported	496.41	496.41	548.42	676.71	544.93	-

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