Malaysia Steel Works (KL) Bhd. (KLSE:MASTEEL)

KLSE:MASTEEL Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,663	2,510	2,013	1,778	1,580
Revenue Growth (YoY)	6.09%	24.69%	13.19%	12.57%	14.18%
Cost of Revenue	2,547	2,400	1,924	1,663	1,461
Gross Profit	116.07	109.94	88.97	115.72	119.16
Selling, General & Admin	78.45	78.22	61.09	75.46	66.78
Other Operating Expenses	-	-27.61	-2.93	-5.36	-3.82
Operating Expenses	78.45	50.61	58.16	70.1	62.96
Operating Income	37.63	59.33	30.81	45.62	56.2
Interest Expense	-33.61	-30.84	-27.59	-20.62	-17.96
Interest & Investment Income	1.03	-	-	-	-
Earnings From Equity Investments	3.44	2.11	3.6	0.93	0.15
Other Non Operating Income (Expenses)	6.84	-	-	-	-
Pretax Income	15.33	30.6	6.82	25.92	38.39
Income Tax Expense	6.68	13.61	4.42	6.85	5.89
Net Income	8.65	16.99	2.4	19.07	32.5
Net Income to Common	8.65	16.99	2.4	19.07	32.5
Net Income Growth	-49.06%	606.74%	-87.39%	-41.33%	-
Shares Outstanding (Basic)	713	682	677	677	679
Shares Outstanding (Diluted)	713	682	677	799	841
Shares Change (YoY)	4.53%	0.64%	-15.25%	-4.95%	86.96%
EPS (Basic)	0.01	0.02	0.00	0.03	0.05
EPS (Diluted)	0.01	0.02	0.00	0.02	0.04
EPS Growth	-51.41%	611.43%	-85.36%	-38.24%	-
Free Cash Flow	-43.76	-96.37	-30.89	-80.57	-35.42
Free Cash Flow Per Share	-0.06	-0.14	-0.05	-0.10	-0.04
Gross Margin	4.36%	4.38%	4.42%	6.51%	7.54%
Operating Margin	1.41%	2.36%	1.53%	2.56%	3.56%
Profit Margin	0.33%	0.68%	0.12%	1.07%	2.06%
Free Cash Flow Margin	-1.64%	-3.84%	-1.54%	-4.53%	-2.24%
EBITDA	77.26	92.59	63.55	76.42	88.26
EBITDA Margin	2.90%	3.69%	3.16%	4.30%	5.59%
D&A For EBITDA	39.63	33.26	32.74	30.8	32.06
EBIT	37.63	59.33	30.81	45.62	56.2
EBIT Margin	1.41%	2.36%	1.53%	2.56%	3.56%
Effective Tax Rate	43.56%	44.48%	64.77%	26.43%	15.33%

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