Steel Hawk 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	122.26	78.42	72.54	66.33	24.85
Revenue Growth (YoY)	55.89%	8.12%	9.36%	166.96%	25.07%
Cost of Revenue	70.22	44.31	51.7	50.3	14.03
Gross Profit	52.04	34.11	20.83	16.03	10.82
Selling, General & Admin	29.58	14.21	9.38	7.4	7.59
Other Operating Expenses	-0.09	-0.38	-0.09	-0.07	-0.16
Operating Expenses	29.49	13.83	9.28	7.4	7.42
Operating Income	22.54	20.29	11.55	8.63	3.39
Interest Expense	-3.68	-2.01	-1.31	-0.45	-0.23
Interest & Investment Income	0.05	0.08	0.09	0.03	0.01
Other Non Operating Income (Expenses)	-	-0.07	-0.04	-0.02	-0.04
EBT Excluding Unusual Items	18.91	18.28	10.29	8.19	3.14
Gain (Loss) on Sale of Assets	-	-0.24	0.06	0.01	0.01
Pretax Income	18.91	18.04	10.34	8.2	3.14
Income Tax Expense	5.18	5.39	3.12	2.38	1.06
Net Income	13.73	12.65	7.22	5.81	2.08
Net Income to Common	13.73	12.65	7.22	5.81	2.08
Net Income Growth	8.54%	75.23%	24.25%	179.38%	-29.47%
Shares Outstanding (Basic)	491	429	400	400	400
Shares Outstanding (Diluted)	491	429	400	400	400
Shares Change (YoY)	14.28%	7.32%	-	-	-
EPS (Basic)	0.03	0.03	0.02	0.01	0.01
EPS (Diluted)	0.03	0.03	0.02	0.01	0.01
EPS Growth	-5.02%	63.29%	24.25%	179.37%	-29.46%
Free Cash Flow	-10.52	-21.88	-1.86	2.5	-0.28
Free Cash Flow Per Share	-0.02	-0.05	-0.01	0.01	-0.00
Dividend Per Share	-	-	-	0.002	0.002
Dividend Growth	-	-	-	37.50%	-
Gross Margin	42.56%	43.50%	28.72%	24.17%	43.53%
Operating Margin	18.44%	25.87%	15.93%	13.01%	13.66%
Profit Margin	11.23%	16.13%	9.95%	8.76%	8.37%
Free Cash Flow Margin	-8.60%	-27.90%	-2.56%	3.77%	-1.12%
EBITDA	24.32	21.13	12.26	9.22	3.93
EBITDA Margin	19.89%	26.94%	16.90%	13.91%	15.83%
D&A For EBITDA	1.78	0.84	0.71	0.59	0.54
EBIT	22.54	20.29	11.55	8.63	3.39
EBIT Margin	18.44%	25.87%	15.93%	13.01%	13.66%
Effective Tax Rate	27.38%	29.87%	30.20%	29.09%	33.84%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.