Mah Sing Group Berhad (KLSE:MAHSING)

Mah Sing Group Berhad Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,520	2,603	2,317	1,754	1,531
Revenue Growth (YoY)	-3.19%	12.34%	32.11%	14.58%	-14.47%
Cost of Revenue	1,892	2,008	1,804	1,297	1,146
Gross Profit	628.51	595.66	512.89	457.15	384.34
Selling, General & Admin	271.04	246.98	237.22	220.19	222.24
Other Operating Expenses	-34.15	-30.53	-44.79	-24.44	-22.61
Operating Expenses	236.89	216.46	192.43	195.75	199.64
Operating Income	391.62	379.2	320.46	261.41	184.7
Interest Expense	-65.29	-58.87	-57	-44.74	-37.85
Interest & Investment Income	10.74	7.83	2.47	3.48	8.47
Earnings From Equity Investments	0	-	-	-	-
Other Non Operating Income (Expenses)	-	-0.78	-1.8	-0.9	1.23
EBT Excluding Unusual Items	337.07	327.39	264.12	219.24	156.55
Asset Writedown	-	-	-	-	-9.68
Pretax Income	337.07	327.39	264.12	219.24	146.86
Income Tax Expense	97.97	105.21	77.33	46.98	49.32
Earnings From Continuing Operations	239.1	222.18	186.8	172.26	97.55
Minority Interest in Earnings	1.65	-6.89	-6.75	-11.41	-3.21
Net Income	240.75	215.29	180.05	160.86	94.34
Preferred Dividends & Other Adjustments	-	-	22.36	54.2	73.18
Net Income to Common	240.75	215.29	157.69	106.66	21.16
Net Income Growth	11.83%	19.57%	11.93%	70.51%	-52.91%
Shares Outstanding (Basic)	2,523	2,428	2,428	2,428	2,428
Shares Outstanding (Diluted)	2,523	2,428	2,428	2,438	2,428
Shares Change (YoY)	3.91%	-	-0.43%	0.43%	0.01%
EPS (Basic)	0.10	0.09	0.06	0.04	0.01
EPS (Diluted)	0.10	0.09	0.06	0.04	0.01
EPS Growth	7.58%	36.53%	48.64%	402.35%	-80.63%
Free Cash Flow	501.85	1,037	639.38	18.6	250.4
Free Cash Flow Per Share	0.20	0.43	0.26	0.01	0.10
Dividend Per Share	0.045	0.040	0.030	0.026	0.017
Dividend Growth	12.50%	33.33%	13.21%	59.64%	-50.45%
Gross Margin	24.94%	22.88%	22.13%	26.06%	25.11%
Operating Margin	15.54%	14.57%	13.83%	14.90%	12.07%
Profit Margin	9.55%	8.27%	6.80%	6.08%	1.38%
Free Cash Flow Margin	19.91%	39.83%	27.59%	1.06%	16.36%
EBITDA	441.61	413.98	353.51	291.68	211.4
EBITDA Margin	17.52%	15.90%	15.26%	16.63%	13.81%
D&A For EBITDA	49.99	34.78	33.05	30.27	26.7
EBIT	391.62	379.2	320.46	261.41	184.7
EBIT Margin	15.54%	14.57%	13.83%	14.90%	12.07%
Effective Tax Rate	29.07%	32.14%	29.28%	21.43%	33.58%

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