Elsoft Research Berhad Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	8.43	13.89	16.07	28.09	29.18
Revenue Growth (YoY)	-39.31%	-13.60%	-42.79%	-3.72%	60.97%
Cost of Revenue	9.36	11.65	10.63	17.21	15.91
Gross Profit	-0.93	2.24	5.45	10.89	13.27
Selling, General & Admin	3.04	3.93	4.27	4.7	4.23
Operating Expenses	4.53	3.86	4.62	4.84	4.31
Operating Income	-5.46	-1.62	0.82	6.05	8.96
Interest & Investment Income	1.42	2.06	2.88	-	-
Earnings From Equity Investments	0.6	0.33	0.33	0.87	-0.01
Currency Exchange Gain (Loss)	-0.34	-0.08	0.56	-	-
Other Non Operating Income (Expenses)	2.84	2.8	2.55	40.29	2.53
EBT Excluding Unusual Items	-0.95	3.5	7.14	47.22	11.47
Gain (Loss) on Sale of Investments	6.46	1.06	0.64	-	-
Gain (Loss) on Sale of Assets	-	-1.74	-	-	-
Pretax Income	5.51	2.81	7.78	47.22	11.47
Income Tax Expense	0.46	0.6	0.75	4.25	0.52
Net Income	5.05	2.21	7.02	42.97	10.95
Net Income to Common	5.05	2.21	7.02	42.97	10.95
Net Income Growth	128.78%	-68.58%	-83.65%	292.32%	1589.31%
Shares Outstanding (Basic)	694	693	687	677	674
Shares Outstanding (Diluted)	694	693	687	678	675
Shares Change (YoY)	0.11%	0.88%	1.41%	0.41%	0.48%
EPS (Basic)	0.01	0.00	0.01	0.06	0.02
EPS (Diluted)	0.01	0.00	0.01	0.06	0.02
EPS Growth	128.49%	-68.78%	-83.91%	291.38%	1576.91%
Free Cash Flow	-0.93	-2.63	6.7	11.78	8.69
Free Cash Flow Per Share	-0.00	-0.00	0.01	0.02	0.01
Dividend Per Share	0.005	0.020	0.020	0.020	0.015
Dividend Growth	-75.00%	-	-	33.33%	50.00%
Gross Margin	-11.04%	16.13%	33.89%	38.76%	45.47%
Operating Margin	-64.84%	-11.63%	5.13%	21.54%	30.69%
Profit Margin	59.92%	15.90%	43.70%	152.94%	37.53%
Free Cash Flow Margin	-11.08%	-18.96%	41.68%	41.94%	29.77%
EBITDA	-4.83	-0.76	1.6	6.78	9.69
EBITDA Margin	-57.36%	-5.45%	9.94%	24.13%	33.20%
D&A For EBITDA	0.63	0.86	0.77	0.73	0.73
EBIT	-5.46	-1.62	0.82	6.05	8.96
EBIT Margin	-64.84%	-11.63%	5.13%	21.54%	30.69%
Effective Tax Rate	8.35%	21.35%	9.67%	9.01%	4.51%

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