Mi Technovation Berhad (KLSE:MI)

Mi Technovation 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	582.16	463.46	355.96	389.48	375.48	229
Revenue Growth (YoY)	29.76%	30.20%	-8.61%	3.73%	63.96%	19.81%
Cost of Revenue	280.34	202.85	164.7	185.66	178.55	103.65
Gross Profit	301.82	260.6	191.26	203.82	196.93	125.35
Selling, General & Admin	99.96	99.96	82.52	81.75	71.01	36.94
Other Operating Expenses	41.45	41.45	16.77	17.12	43.13	24.66
Operating Expenses	170.59	168.23	124.27	124.21	131.74	69.27
Operating Income	131.23	92.37	66.99	79.62	65.18	56.09
Interest Expense	-6.35	-1.69	-1.78	-1.95	-0.82	-0.38
Earnings From Equity Investments	-0.17	0.68	0.31	-2.22	-0.85	-
Currency Exchange Gain (Loss)	-0.98	-	-	-	-	-
Other Non Operating Income (Expenses)	-2.79	-	-	-	-	-
EBT Excluding Unusual Items	120.94	91.36	65.52	75.45	63.5	55.71
Asset Writedown	-0.66	-0.66	-	-	-	-
Other Unusual Items	-	-	0	-	0	0.01
Pretax Income	120.27	90.7	65.52	75.45	63.51	55.72
Income Tax Expense	30.53	23.98	12.82	9.2	3.37	2
Earnings From Continuing Operations	89.74	66.72	52.7	66.25	60.14	53.71
Minority Interest in Earnings	0.26	1.35	2.41	2.61	1.71	0.29
Net Income	90	68.07	55.11	68.86	61.85	54.01
Net Income to Common	90	68.07	55.11	68.86	61.85	54.01
Net Income Growth	52.57%	23.52%	-19.97%	11.35%	14.51%	-8.72%
Shares Outstanding (Basic)	892	894	895	896	825	746
Shares Outstanding (Diluted)	892	895	896	898	826	746
Shares Change (YoY)	-0.27%	-0.14%	-0.25%	8.66%	10.79%	-0.28%
EPS (Basic)	0.10	0.08	0.06	0.08	0.07	0.07
EPS (Diluted)	0.10	0.08	0.06	0.08	0.07	0.07
EPS Growth	53.15%	23.74%	-19.82%	2.54%	3.32%	-8.47%
Free Cash Flow	59.7	24.51	68.82	69.77	2.68	-9.51
Free Cash Flow Per Share	0.07	0.03	0.08	0.08	0.00	-0.01
Dividend Per Share	0.065	0.060	0.040	0.040	0.050	0.030
Dividend Growth	44.44%	50.00%	-	-20.00%	66.67%	-18.18%
Gross Margin	51.84%	56.23%	53.73%	52.33%	52.45%	54.74%
Operating Margin	22.54%	19.93%	18.82%	20.44%	17.36%	24.49%
Profit Margin	15.46%	14.69%	15.48%	17.68%	16.47%	23.58%
Free Cash Flow Margin	10.26%	5.29%	19.33%	17.91%	0.71%	-4.15%
EBITDA	153.69	112.65	88.9	102.76	80.25	62.3
EBITDA Margin	26.40%	24.31%	24.97%	26.38%	21.37%	27.21%
D&A For EBITDA	22.46	20.28	21.9	23.15	15.07	6.21
EBIT	131.23	92.37	66.99	79.62	65.18	56.09
EBIT Margin	22.54%	19.93%	18.82%	20.44%	17.36%	24.49%
Effective Tax Rate	25.39%	26.44%	19.56%	12.19%	5.31%	3.60%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.