GFM Services Berhad (KLSE:GFM)

GFM Services Berhad Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	184.97	190.35	145.91	140.8	124.12	117.53
Revenue Growth (YoY)	9.83%	30.45%	3.63%	13.43%	5.61%	-11.52%
Cost of Revenue	112.08	118.8	80.4	85.33	79.14	69.59
Gross Profit	72.89	71.55	65.52	55.46	44.98	47.94
Selling, General & Admin	16.23	15.65	10.99	7.94	6.69	8.96
Other Operating Expenses	-3.99	-4.17	-0.78	-1.35	-0.33	-0.96
Operating Expenses	12.24	11.47	10.21	6.6	6.37	8
Operating Income	60.65	60.07	55.31	48.87	38.61	39.94
Interest Expense	-22.98	-21.17	-19.47	-20.31	-21.07	-23.47
Interest & Investment Income	1.83	1.83	1.25	1	0.89	1.28
Earnings From Equity Investments	0.63	0.52	2.92	0.02	0.01	-0.02
EBT Excluding Unusual Items	40.12	41.25	40.01	29.58	18.43	17.73
Gain (Loss) on Sale of Investments	-	-	-0.32	-	-	-
Pretax Income	40.12	41.25	39.69	29.58	18.43	17.73
Income Tax Expense	16.62	17.55	13.25	11.3	8.42	9.17
Net Income	23.51	23.71	26.44	18.29	10.01	8.56
Net Income to Common	23.51	23.71	26.44	18.29	10.01	8.56
Net Income Growth	-18.33%	-10.33%	44.57%	82.69%	16.89%	44.04%
Shares Outstanding (Basic)	760	747	690	576	537	496
Shares Outstanding (Diluted)	1,139	1,127	690	576	537	497
Shares Change (YoY)	44.18%	63.18%	19.80%	7.38%	8.06%	2.23%
EPS (Basic)	0.03	0.03	0.04	0.03	0.02	0.02
EPS (Diluted)	0.02	0.02	0.04	0.03	0.02	0.02
EPS Growth	-43.39%	-45.15%	20.78%	70.43%	8.14%	40.98%
Free Cash Flow	38.4	38.6	28.19	25.33	29.06	24.65
Free Cash Flow Per Share	0.03	0.03	0.04	0.04	0.05	0.05
Dividend Per Share	0.010	0.013	0.015	0.002	-	0.006
Dividend Growth	-36.31%	-18.83%	790.17%	-	-	265.50%
Gross Margin	39.41%	37.59%	44.90%	39.39%	36.24%	40.79%
Operating Margin	32.79%	31.56%	37.91%	34.71%	31.11%	33.99%
Profit Margin	12.71%	12.45%	18.12%	12.99%	8.06%	7.29%
Free Cash Flow Margin	20.76%	20.28%	19.32%	17.99%	23.41%	20.97%
EBITDA	61.41	62.65	57.86	51.37	41.07	42.1
EBITDA Margin	33.20%	32.91%	39.65%	36.49%	33.09%	35.82%
D&A For EBITDA	0.76	2.57	2.55	2.51	2.45	2.15
EBIT	60.65	60.07	55.31	48.87	38.61	39.94
EBIT Margin	32.79%	31.56%	37.91%	34.71%	31.11%	33.99%
Effective Tax Rate	41.41%	42.53%	33.39%	38.19%	45.70%	51.71%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.