MST Golf Group Berhad (KLSE:MSTGOLF)

MST Golf 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	319.92	327.78	325.43	300.88	206.52	170.15
Revenue Growth (YoY)	1.19%	0.72%	8.16%	45.69%	21.37%	-3.29%
Cost of Revenue	190.27	193.82	182.5	171.68	123.79	101.7
Gross Profit	129.64	133.96	142.93	129.2	82.73	68.45
Selling, General & Admin	118.12	121.61	113.38	89.12	58.39	51.34
Other Operating Expenses	0.31	-1.9	-2.09	-2.62	-1.81	-2.18
Operating Expenses	118.44	119.72	111.29	86.5	56.57	49.16
Operating Income	11.2	14.23	31.64	42.69	26.16	19.29
Interest Expense	-7.49	-7.44	-6.29	-4.17	-2.82	-2.73
Interest & Investment Income	1.1	1.1	0.93	0.01	0.16	0.06
Currency Exchange Gain (Loss)	0.39	0.39	0.52	0.31	-	0.34
EBT Excluding Unusual Items	5.04	8.27	26.79	38.84	23.5	16.96
Gain (Loss) on Sale of Investments	1.15	1.15	0.31	-	-	-
Gain (Loss) on Sale of Assets	0.01	0.01	0.02	0	0.07	0.03
Asset Writedown	-	-	-	-	-0.42	-0.73
Other Unusual Items	-	-	0.14	-	2.95	2.04
Pretax Income	6.2	9.44	27.26	38.84	26.26	18.3
Income Tax Expense	4.25	4.62	9.89	9.73	6.17	4.61
Earnings From Continuing Operations	1.95	4.82	17.37	29.12	20.09	13.69
Minority Interest in Earnings	1.38	1.11	0.26	-2.46	-2.08	-0.81
Net Income	3.34	5.92	17.63	26.65	18.01	12.88
Net Income to Common	3.34	5.92	17.63	26.65	18.01	12.88
Net Income Growth	-67.67%	-66.40%	-33.85%	47.96%	39.88%	37.72%
Shares Outstanding (Basic)	828	821	733	128	821	821
Shares Outstanding (Diluted)	828	821	733	128	821	821
Shares Change (YoY)	6.94%	11.96%	471.14%	-84.36%	-	-
EPS (Basic)	0.00	0.01	0.02	0.21	0.02	0.02
EPS (Diluted)	0.00	0.01	0.02	0.21	0.02	0.02
EPS Growth	-69.90%	-70.06%	-88.42%	846.08%	39.88%	37.73%
Free Cash Flow	26.22	4.29	-25.93	-14.91	2.37	49.34
Free Cash Flow Per Share	0.03	0.01	-0.04	-0.12	0.00	0.06
Dividend Per Share	-	-	0.010	-	0.021	-
Gross Margin	40.52%	40.87%	43.92%	42.94%	40.06%	40.23%
Operating Margin	3.50%	4.34%	9.72%	14.19%	12.67%	11.34%
Profit Margin	1.04%	1.81%	5.42%	8.86%	8.72%	7.57%
Free Cash Flow Margin	8.20%	1.31%	-7.97%	-4.96%	1.15%	29.00%
EBITDA	22.77	25.52	39.78	48.63	29.75	22.66
EBITDA Margin	7.12%	7.79%	12.22%	16.16%	14.41%	13.32%
D&A For EBITDA	11.57	11.29	8.15	5.94	3.59	3.37
EBIT	11.2	14.23	31.64	42.69	26.16	19.29
EBIT Margin	3.50%	4.34%	9.72%	14.19%	12.67%	11.34%
Effective Tax Rate	68.48%	48.98%	36.27%	25.04%	23.49%	25.21%
Advertising Expenses	-	-	-	-	5.68	4.01

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