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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	187.01	190.35	145.91	140.8	124.12	117.53
Revenue Growth (YoY)	-6.28%	30.45%	3.63%	13.43%	5.61%	-11.52%
Cost of Revenue	117.83	118.8	80.4	85.33	79.14	69.59
Gross Profit	69.18	71.55	65.52	55.46	44.98	47.94
Selling, General & Admin	17.87	15.65	10.99	7.94	6.69	8.96
Other Operating Expenses	-4.9	-4.17	-0.78	-1.35	-0.33	-0.96
Operating Expenses	12.97	11.47	10.21	6.6	6.37	8
Operating Income	56.21	60.07	55.31	48.87	38.61	39.94
Interest Expense	-24.92	-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	0.47	0.52	2.92	0.02	0.01	-0.02
EBT Excluding Unusual Items	33.59	41.25	40.01	29.58	18.43	17.73
Gain (Loss) on Sale of Investments	-	-	-0.32	-	-	-
Pretax Income	33.59	41.25	39.69	29.58	18.43	17.73
Income Tax Expense	14.73	17.55	13.25	11.3	8.42	9.17
Net Income	18.86	23.71	26.44	18.29	10.01	8.56
Net Income to Common	18.86	23.71	26.44	18.29	10.01	8.56
Net Income Growth	-35.10%	-10.33%	44.57%	82.69%	16.89%	44.04%
Shares Outstanding (Basic)	760	747	690	576	537	496
Shares Outstanding (Diluted)	1,140	1,127	690	576	537	497
Shares Change (YoY)	12.49%	63.18%	19.80%	7.38%	8.06%	2.23%
EPS (Basic)	0.02	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	-42.81%	-45.15%	20.78%	70.43%	8.14%	40.98%
Free Cash Flow	28.02	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	0.003	0.013	0.015	0.002	-	0.006
Dividend Growth	-79.61%	-18.83%	790.17%	-	-	265.50%
Gross Margin	36.99%	37.59%	44.90%	39.39%	36.24%	40.79%
Operating Margin	30.06%	31.56%	37.91%	34.71%	31.11%	33.99%
Profit Margin	10.09%	12.45%	18.12%	12.99%	8.06%	7.29%
Free Cash Flow Margin	14.98%	20.28%	19.32%	17.99%	23.41%	20.97%
EBITDA	58.67	62.65	57.86	51.37	41.07	42.1
EBITDA Margin	31.37%	32.91%	39.65%	36.49%	33.09%	35.82%
D&A For EBITDA	2.46	2.57	2.55	2.51	2.45	2.15
EBIT	56.21	60.07	55.31	48.87	38.61	39.94
EBIT Margin	30.06%	31.56%	37.91%	34.71%	31.11%	33.99%
Effective Tax Rate	43.84%	42.53%	33.39%	38.19%	45.70%	51.71%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.