GFM Services Berhad (KLSE:GFM)

GFM Services Berhad Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	190.37	145.91	140.8	124.12	117.53
Revenue Growth (YoY)	30.47%	3.63%	13.43%	5.61%	-11.52%
Cost of Revenue	119.3	79.24	85.33	79.14	69.59
Gross Profit	71.07	66.67	55.46	44.98	47.94
Selling, General & Admin	13.71	10.58	7.94	6.69	8.96
Other Operating Expenses	-4.58	-0.59	-1.35	-0.33	-0.96
Operating Expenses	9.13	9.99	6.6	6.37	8
Operating Income	61.94	56.68	48.87	38.61	39.94
Interest Expense	-21.19	-19.47	-20.31	-21.07	-23.47
Interest & Investment Income	-	1.25	1	0.89	1.28
Earnings From Equity Investments	0.51	2.42	0.02	0.01	-0.02
EBT Excluding Unusual Items	41.26	40.88	29.58	18.43	17.73
Pretax Income	41.26	40.88	29.58	18.43	17.73
Income Tax Expense	17.52	13.58	11.3	8.42	9.17
Net Income	23.74	27.3	18.29	10.01	8.56
Net Income to Common	23.74	27.3	18.29	10.01	8.56
Net Income Growth	-13.05%	49.28%	82.69%	16.89%	44.04%
Shares Outstanding (Basic)	757	690	576	537	496
Shares Outstanding (Diluted)	757	690	576	537	497
Shares Change (YoY)	9.67%	19.80%	7.38%	8.06%	2.23%
EPS (Basic)	0.03	0.04	0.03	0.02	0.02
EPS (Diluted)	0.03	0.04	0.03	0.02	0.02
EPS Growth	-20.83%	24.72%	70.43%	8.14%	40.98%
Free Cash Flow	34.52	28.49	25.33	29.06	24.65
Free Cash Flow Per Share	0.05	0.04	0.04	0.05	0.05
Dividend Per Share	0.013	0.015	0.002	-	0.006
Dividend Growth	-18.83%	790.17%	-	-	265.50%
Gross Margin	37.33%	45.69%	39.39%	36.24%	40.79%
Operating Margin	32.54%	38.85%	34.71%	31.11%	33.99%
Profit Margin	12.47%	18.71%	12.99%	8.06%	7.29%
Free Cash Flow Margin	18.13%	19.52%	17.99%	23.41%	20.97%
EBITDA	65.37	59.24	51.37	41.07	42.1
EBITDA Margin	34.34%	40.60%	36.49%	33.09%	35.82%
D&A For EBITDA	3.44	2.55	2.51	2.45	2.15
EBIT	61.94	56.68	48.87	38.61	39.94
EBIT Margin	32.54%	38.85%	34.71%	31.11%	33.99%
Effective Tax Rate	42.47%	33.22%	38.19%	45.70%	51.71%

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