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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	313.44	327.78	325.43	300.88	206.52	170.15
Revenue Growth (YoY)	-2.64%	0.72%	8.16%	45.69%	21.37%	-3.29%
Cost of Revenue	187.49	193.82	182.5	171.68	123.79	101.7
Gross Profit	125.95	133.96	142.93	129.2	82.73	68.45
Selling, General & Admin	116.51	121.61	113.38	89.12	58.39	51.34
Other Operating Expenses	-0.22	-1.9	-2.09	-2.62	-1.81	-2.18
Operating Expenses	116.31	119.72	111.29	86.5	56.57	49.16
Operating Income	9.64	14.23	31.64	42.69	26.16	19.29
Interest Expense	-7.12	-7.44	-6.29	-4.17	-2.82	-2.73
Interest & Investment Income	0.92	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	3.83	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	4.99	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	0.75	4.82	17.37	29.12	20.09	13.69
Minority Interest in Earnings	1.45	1.11	0.26	-2.46	-2.08	-0.81
Net Income	2.2	5.92	17.63	26.65	18.01	12.88
Net Income to Common	2.2	5.92	17.63	26.65	18.01	12.88
Net Income Growth	-71.84%	-66.40%	-33.85%	47.96%	39.88%	37.72%
Shares Outstanding (Basic)	821	821	733	128	821	821
Shares Outstanding (Diluted)	821	821	733	128	821	821
Shares Change (YoY)	0.94%	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	-72.28%	-70.06%	-88.42%	846.08%	39.88%	37.73%
Free Cash Flow	36.45	4.29	-25.93	-14.91	2.37	49.34
Free Cash Flow Per Share	0.04	0.01	-0.04	-0.12	0.00	0.06
Dividend Per Share	-	-	0.010	-	0.021	-
Gross Margin	40.18%	40.87%	43.92%	42.94%	40.06%	40.23%
Operating Margin	3.08%	4.34%	9.72%	14.19%	12.67%	11.34%
Profit Margin	0.70%	1.81%	5.42%	8.86%	8.72%	7.57%
Free Cash Flow Margin	11.63%	1.31%	-7.97%	-4.96%	1.15%	29.00%
EBITDA	21.52	25.52	39.78	48.63	29.75	22.66
EBITDA Margin	6.87%	7.79%	12.22%	16.16%	14.41%	13.32%
D&A For EBITDA	11.88	11.29	8.15	5.94	3.59	3.37
EBIT	9.64	14.23	31.64	42.69	26.16	19.29
EBIT Margin	3.08%	4.34%	9.72%	14.19%	12.67%	11.34%
Effective Tax Rate	85.04%	48.98%	36.27%	25.04%	23.49%	25.21%
Advertising Expenses	-	-	-	-	5.68	4.01

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