Ideal Capital 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	1,232	927.28	511.91	419.3	473.09
Revenue Growth (YoY)	32.91%	81.14%	22.09%	-11.37%	49.40%
Cost of Revenue	839.12	673.47	367.27	316.87	348.61
Gross Profit	393.32	253.81	144.64	102.43	124.48
Selling, General & Admin	139.63	112.53	68.98	54.56	53.44
Other Operating Expenses	-11.93	-7.7	-	-	-
Operating Expenses	127.7	104.83	68.98	54.56	53.44
Operating Income	265.62	148.98	75.66	47.87	71.04
Interest Expense	-19.81	-4.2	-4.48	-4.24	-4.19
Other Non Operating Income (Expenses)	-	-	13.11	7.24	8.47
EBT Excluding Unusual Items	245.81	144.78	84.29	50.86	75.32
Asset Writedown	-0.19	-0.33	-	-	-
Pretax Income	245.62	144.45	84.29	50.86	75.32
Income Tax Expense	49.96	43.9	17.45	17.43	20.1
Earnings From Continuing Operations	195.66	100.54	66.84	33.43	55.22
Minority Interest in Earnings	-41.72	-9.92	-5.05	5.93	4.42
Net Income	153.94	90.62	61.78	39.36	59.64
Net Income to Common	153.94	90.62	61.78	39.36	59.64
Net Income Growth	69.87%	46.68%	56.95%	-34.00%	-
Shares Outstanding (Basic)	500	500	500	500	474
Shares Outstanding (Diluted)	500	500	500	500	481
Shares Change (YoY)	-0.03%	0.03%	-	3.91%	3.48%
EPS (Basic)	0.31	0.18	0.12	0.08	0.13
EPS (Diluted)	0.31	0.18	0.12	0.08	0.12
EPS Growth	69.91%	46.64%	56.95%	-36.85%	-
Free Cash Flow	-189.22	41.66	-232.42	-23.82	41.24
Free Cash Flow Per Share	-0.38	0.08	-0.47	-0.05	0.09
Dividend Per Share	0.010	0.010	0.030	-	-
Dividend Growth	-	-66.67%	-	-	-
Gross Margin	31.91%	27.37%	28.26%	24.43%	26.31%
Operating Margin	21.55%	16.07%	14.78%	11.42%	15.02%
Profit Margin	12.49%	9.77%	12.07%	9.39%	12.61%
Free Cash Flow Margin	-15.35%	4.49%	-45.40%	-5.68%	8.72%
EBITDA	266.83	149.87	76.11	48.16	71.35
EBITDA Margin	21.65%	16.16%	14.87%	11.49%	15.08%
D&A For EBITDA	1.21	0.89	0.45	0.3	0.31
EBIT	265.62	148.98	75.66	47.87	71.04
EBIT Margin	21.55%	16.07%	14.78%	11.42%	15.02%
Effective Tax Rate	20.34%	30.39%	20.71%	34.27%	26.69%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.