Mah Sing Group Berhad (KLSE:MAHSING)

Mah Sing Group Berhad Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,612	2,520	2,603	2,317	1,754	1,531
Revenue Growth (YoY)	3.73%	-3.19%	12.34%	32.11%	14.58%	-14.47%
Cost of Revenue	1,958	1,892	2,008	1,804	1,297	1,146
Gross Profit	653.71	628.51	595.66	512.89	457.15	384.34
Selling, General & Admin	279.72	271.04	246.98	237.22	220.19	222.24
Other Operating Expenses	-31.59	-34.15	-30.53	-44.79	-24.44	-22.61
Operating Expenses	248.12	236.89	216.46	192.43	195.75	199.64
Operating Income	405.59	391.62	379.2	320.46	261.41	184.7
Interest Expense	-67.17	-63.54	-58.87	-57	-44.74	-37.85
Interest & Investment Income	9.74	10.74	7.83	2.47	3.48	8.47
Earnings From Equity Investments	0.01	0	-	-	-	-
Other Non Operating Income (Expenses)	-1.75	-1.75	-0.78	-1.8	-0.9	1.23
EBT Excluding Unusual Items	346.41	337.07	327.39	264.12	219.24	156.55
Asset Writedown	-	-	-	-	-	-9.68
Pretax Income	346.41	337.07	327.39	264.12	219.24	146.86
Income Tax Expense	98.38	97.97	105.21	77.33	46.98	49.32
Earnings From Continuing Operations	248.03	239.1	222.18	186.8	172.26	97.55
Minority Interest in Earnings	-1.29	1.65	-6.89	-6.75	-11.41	-3.21
Net Income	246.74	240.75	215.29	180.05	160.86	94.34
Preferred Dividends & Other Adjustments	-	-	-	22.36	54.2	73.18
Net Income to Common	246.74	240.75	215.29	157.69	106.66	21.16
Net Income Growth	9.53%	11.83%	19.57%	11.93%	70.51%	-52.91%
Shares Outstanding (Basic)	2,555	2,523	2,428	2,428	2,428	2,428
Shares Outstanding (Diluted)	2,555	2,523	2,428	2,428	2,438	2,428
Shares Change (YoY)	4.80%	3.91%	-	-0.43%	0.43%	0.01%
EPS (Basic)	0.10	0.10	0.09	0.06	0.04	0.01
EPS (Diluted)	0.10	0.10	0.09	0.06	0.04	0.01
EPS Growth	4.50%	7.58%	36.53%	48.64%	402.35%	-80.63%
Free Cash Flow	467.86	501.85	1,037	639.38	18.6	250.4
Free Cash Flow Per Share	0.18	0.20	0.43	0.26	0.01	0.10
Dividend Per Share	0.045	0.045	0.040	0.030	0.026	0.017
Dividend Growth	12.50%	12.50%	33.33%	13.21%	59.64%	-50.45%
Gross Margin	25.03%	24.94%	22.88%	22.13%	26.06%	25.11%
Operating Margin	15.53%	15.54%	14.57%	13.83%	14.90%	12.07%
Profit Margin	9.45%	9.55%	8.27%	6.80%	6.08%	1.38%
Free Cash Flow Margin	17.91%	19.91%	39.83%	27.59%	1.06%	16.36%
EBITDA	451.65	434.47	413.98	353.51	291.68	211.4
EBITDA Margin	17.29%	17.24%	15.90%	15.26%	16.63%	13.81%
D&A For EBITDA	46.07	42.85	34.78	33.05	30.27	26.7
EBIT	405.59	391.62	379.2	320.46	261.41	184.7
EBIT Margin	15.53%	15.54%	14.57%	13.83%	14.90%	12.07%
Effective Tax Rate	28.40%	29.07%	32.14%	29.28%	21.43%	33.58%

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.