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

KLSE:MASTEEL 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	2,510	2,013	1,778	1,580	1,384
Revenue Growth (YoY)	24.69%	13.19%	12.57%	14.18%	15.75%
Cost of Revenue	2,377	1,924	1,663	1,461	1,343
Gross Profit	133.03	88.97	115.72	119.16	40.44
Selling, General & Admin	71.94	61.09	75.46	66.78	47.63
Other Operating Expenses	-	-2.93	-5.36	-3.82	-13.43
Operating Expenses	71.94	58.16	70.1	62.96	34.19
Operating Income	61.09	30.81	45.62	56.2	6.25
Interest Expense	-30.84	-27.59	-20.62	-17.96	-21.99
Interest & Investment Income	1.39	-	-	-	-
Earnings From Equity Investments	2.11	3.6	0.93	0.15	-0.24
Other Non Operating Income (Expenses)	-3.15	-	-	-	-
Pretax Income	30.6	6.82	25.92	38.39	-15.98
Income Tax Expense	13.61	4.42	6.85	5.89	-1.26
Net Income	16.99	2.4	19.07	32.5	-14.73
Net Income to Common	16.99	2.4	19.07	32.5	-14.73
Net Income Growth	606.74%	-87.39%	-41.33%	-	-
Shares Outstanding (Basic)	682	679	677	679	450
Shares Outstanding (Diluted)	682	679	799	841	450
Shares Change (YoY)	0.37%	-15.02%	-4.95%	86.96%	5.48%
EPS (Basic)	0.02	0.00	0.03	0.05	-0.03
EPS (Diluted)	0.02	0.00	0.02	0.04	-0.03
EPS Growth	611.43%	-85.36%	-38.24%	-	-
Free Cash Flow	-96.41	-30.89	-80.57	-35.42	25.25
Free Cash Flow Per Share	-0.14	-0.04	-0.10	-0.04	0.06
Gross Margin	5.30%	4.42%	6.51%	7.54%	2.92%
Operating Margin	2.43%	1.53%	2.56%	3.56%	0.45%
Profit Margin	0.68%	0.12%	1.07%	2.06%	-1.06%
Free Cash Flow Margin	-3.84%	-1.54%	-4.53%	-2.24%	1.82%
EBITDA	95.92	63.55	76.42	88.26	35.26
EBITDA Margin	3.82%	3.16%	4.30%	5.59%	2.55%
D&A For EBITDA	34.82	32.74	30.8	32.06	29.02
EBIT	61.09	30.81	45.62	56.2	6.25
EBIT Margin	2.43%	1.53%	2.56%	3.56%	0.45%
Effective Tax Rate	44.48%	64.77%	26.43%	15.33%	-

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