AppAsia Berhad Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	30.84	30.34	22.78	59.92	64.52	74.34
Revenue Growth (YoY)	6.14%	33.22%	-61.99%	-7.12%	-13.21%	-18.67%
Cost of Revenue	18.44	19.05	12.62	51.99	59.22	68.77
Gross Profit	12.4	11.3	10.16	7.94	5.29	5.57
Selling, General & Admin	8.13	7.47	7.9	7.11	5.78	5.24
Other Operating Expenses	-0.21	-0.21	-0.47	-0.31	-0.21	-0.15
Operating Expenses	7.91	7.26	7.44	6.8	5.58	5.09
Operating Income	4.49	4.04	2.72	1.14	-0.29	0.48
Interest Expense	-0.03	-0.02	-0.04	-0.02	-0.01	-0
Other Non Operating Income (Expenses)	0.18	-	-0	-	-	-0
Pretax Income	4.63	4.02	2.68	1.12	-0.29	0.47
Income Tax Expense	1.22	1.16	0.79	0.54	0.17	-0.14
Earnings From Continuing Operations	3.41	2.86	1.89	0.57	-0.47	0.61
Minority Interest in Earnings	0	-0.01	0.05	0.03	0.15	0.07
Net Income	3.41	2.86	1.94	0.61	-0.32	0.68
Net Income to Common	3.41	2.86	1.94	0.61	-0.32	0.68
Net Income Growth	43.22%	47.02%	220.10%	-	-	-
Shares Outstanding (Basic)	1,372	1,182	1,071	1,081	1,071	1,044
Shares Outstanding (Diluted)	1,372	1,194	1,261	1,259	1,071	1,326
Shares Change (YoY)	14.18%	-5.28%	0.15%	17.52%	-19.18%	28.35%
EPS (Basic)	0.00	0.00	0.00	0.00	-0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.00	-0.00	0.00
EPS Growth	24.98%	60.11%	199.80%	-	-	-
Free Cash Flow	2.2	-5.35	4.44	-3.17	-0.43	2.89
Free Cash Flow Per Share	0.00	-0.00	0.00	-0.00	-	0.00
Gross Margin	40.20%	37.23%	44.60%	13.24%	8.20%	7.49%
Operating Margin	14.55%	13.31%	11.92%	1.90%	-0.44%	0.64%
Profit Margin	11.05%	9.41%	8.53%	1.01%	-0.50%	0.91%
Free Cash Flow Margin	7.12%	-17.63%	19.47%	-5.29%	-0.66%	3.89%
EBITDA	4.82	4.34	3	1.44	0.08	1.03
EBITDA Margin	15.64%	14.30%	13.19%	2.40%	0.13%	1.38%
D&A For EBITDA	0.34	0.3	0.29	0.3	0.37	0.55
EBIT	4.49	4.04	2.72	1.14	-0.29	0.48
EBIT Margin	14.55%	13.31%	11.92%	1.90%	-0.44%	0.64%
Effective Tax Rate	26.39%	28.87%	29.38%	48.63%	-	-

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