Ideal Capital Berhad Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,125	927.33	511.91	419.3	473.09	316.66
Revenue Growth (YoY)	73.60%	81.15%	22.09%	-11.37%	49.40%	-44.48%
Cost of Revenue	822.18	673.47	367.27	316.87	348.61	245.99
Gross Profit	303.26	253.86	144.64	102.43	124.48	70.67
Selling, General & Admin	118.23	112.86	68.98	54.56	53.44	53.63
Other Operating Expenses	-4.54	-	-	-	-	-
Operating Expenses	113.7	112.86	68.98	54.56	53.44	53.63
Operating Income	189.57	141	75.66	47.87	71.04	17.05
Interest Expense	-15.97	-4.2	-4.48	-4.24	-4.19	-2.96
Other Non Operating Income (Expenses)	7.65	7.65	13.11	7.24	8.47	3.07
EBT Excluding Unusual Items	181.25	144.45	84.29	50.86	75.32	17.15
Impairment of Goodwill	-15	-	-	-	-	-74.02
Pretax Income	166.25	144.45	84.29	50.86	75.32	-56.87
Income Tax Expense	40.97	43.9	17.45	17.43	20.1	8.92
Earnings From Continuing Operations	125.28	100.54	66.84	33.43	55.22	-65.79
Minority Interest in Earnings	-12.92	-9.92	-5.05	5.93	4.42	9.11
Net Income	112.36	90.62	61.78	39.36	59.64	-56.68
Net Income to Common	112.36	90.62	61.78	39.36	59.64	-56.68
Net Income Growth	10.14%	46.68%	56.95%	-34.00%	-	-
Shares Outstanding (Basic)	500	500	500	500	474	465
Shares Outstanding (Diluted)	500	500	500	500	481	465
Shares Change (YoY)	-	-	-	3.91%	3.48%	37.49%
EPS (Basic)	0.22	0.18	0.12	0.08	0.13	-0.12
EPS (Diluted)	0.22	0.18	0.12	0.08	0.12	-0.12
EPS Growth	10.12%	46.64%	56.95%	-36.85%	-	-
Free Cash Flow	18.11	38.52	-232.42	-23.82	41.24	93.14
Free Cash Flow Per Share	0.04	0.08	-0.47	-0.05	0.09	0.20
Dividend Per Share	0.010	0.020	0.030	-	-	-
Dividend Growth	-66.67%	-33.33%	-	-	-	-
Gross Margin	26.95%	27.38%	28.26%	24.43%	26.31%	22.32%
Operating Margin	16.84%	15.20%	14.78%	11.42%	15.02%	5.38%
Profit Margin	9.98%	9.77%	12.07%	9.39%	12.61%	-17.90%
Free Cash Flow Margin	1.61%	4.15%	-45.40%	-5.68%	8.72%	29.41%
EBITDA	190.79	141.89	76.11	48.16	71.35	17.42
EBITDA Margin	16.95%	15.30%	14.87%	11.49%	15.08%	5.50%
D&A For EBITDA	1.22	0.89	0.45	0.3	0.31	0.38
EBIT	189.57	141	75.66	47.87	71.04	17.05
EBIT Margin	16.84%	15.20%	14.78%	11.42%	15.02%	5.38%
Effective Tax Rate	24.64%	30.39%	20.71%	34.27%	26.69%	-

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