Hiap Huat Holdings 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	202.53	139.71	87.18	80.03	61.73
Revenue Growth (YoY)	44.96%	60.26%	8.93%	29.65%	65.52%
Cost of Revenue	175.44	120.28	64.18	59.35	47.8
Gross Profit	27.08	19.43	23	20.69	13.93
Selling, General & Admin	18.31	13.69	11.32	9.6	7.5
Other Operating Expenses	-	-1.32	-0.82	-0.67	-0.3
Operating Expenses	18.31	12.37	10.43	8.94	7.19
Operating Income	8.77	7.06	12.57	11.74	6.74
Interest Expense	-2.42	-2.35	-1.33	-0.92	-0.73
Currency Exchange Gain (Loss)	-	-	-	-	-0.27
Other Non Operating Income (Expenses)	0.95	-	-	-	-
EBT Excluding Unusual Items	7.3	4.72	11.24	10.83	5.75
Gain (Loss) on Sale of Assets	-	-	-	-	0
Other Unusual Items	-	1.63	-	-	-
Pretax Income	7.3	6.35	11.24	10.83	5.75
Income Tax Expense	3.93	2.52	3.3	2.77	2.36
Earnings From Continuing Operations	3.38	3.82	7.94	8.05	3.39
Minority Interest in Earnings	1.27	0.19	-0.27	0.1	0.02
Net Income	4.65	4.01	7.67	8.15	3.42
Net Income to Common	4.65	4.01	7.67	8.15	3.42
Net Income Growth	15.79%	-47.70%	-5.91%	138.63%	-
Shares Outstanding (Basic)	395	395	395	395	356
Shares Outstanding (Diluted)	395	395	395	395	356
Shares Change (YoY)	-	-	-	10.94%	7.99%
EPS (Basic)	0.01	0.01	0.02	0.02	0.01
EPS (Diluted)	0.01	0.01	0.02	0.02	0.01
EPS Growth	15.79%	-47.70%	-5.91%	115.10%	-
Free Cash Flow	-28.26	0.6	-5.27	7.39	-3.78
Free Cash Flow Per Share	-0.07	0.00	-0.01	0.02	-0.01
Gross Margin	13.37%	13.91%	26.38%	25.85%	22.56%
Operating Margin	4.33%	5.05%	14.42%	14.67%	10.92%
Profit Margin	2.30%	2.87%	8.80%	10.19%	5.54%
Free Cash Flow Margin	-13.95%	0.43%	-6.05%	9.23%	-6.12%
EBITDA	12.9	10.83	17.58	17.13	10.49
EBITDA Margin	6.37%	7.75%	20.16%	21.40%	17.00%
D&A For EBITDA	4.13	3.76	5.01	5.38	3.75
EBIT	8.77	7.06	12.57	11.74	6.74
EBIT Margin	4.33%	5.05%	14.42%	14.67%	10.92%
Effective Tax Rate	53.79%	39.77%	29.37%	25.61%	41.00%

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