N2N Connect Berhad Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	96.88	107.73	105.24	103.01	115.76	112.38
Revenue Growth (YoY)	-10.88%	2.37%	2.17%	-11.01%	3.00%	6.93%
Cost of Revenue	42.33	45.94	47.54	46.72	45.36	45.12
Gross Profit	54.55	61.79	57.7	56.29	70.4	67.26
Selling, General & Admin	24.63	66.96	45.97	44.06	48.89	48.56
Other Operating Expenses	-9.79	-5.88	-6.73	-4.56	-2.49	-6.34
Operating Expenses	14.83	61.08	39.24	39.5	46.39	42.21
Operating Income	39.72	0.71	18.47	16.79	24	25.04
Interest Expense	-0.06	-0.1	-0.07	-0.06	-0.32	-0.7
Earnings From Equity Investments	4.18	0.65	1.34	4.94	-2.67	1.29
EBT Excluding Unusual Items	43.84	1.26	19.73	21.67	21.01	25.63
Impairment of Goodwill	-27	-27	-0.4	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.04	0.01
Pretax Income	16.84	-25.74	19.33	21.67	21.05	25.64
Income Tax Expense	1.19	0.77	5.59	2.93	0.68	-1.02
Earnings From Continuing Operations	15.65	-26.51	13.73	18.73	20.37	26.66
Minority Interest in Earnings	0.22	0.34	0.32	-1.1	1.58	0.44
Net Income	15.87	-26.17	14.06	17.63	21.95	27.1
Net Income to Common	15.87	-26.17	14.06	17.63	21.95	27.1
Net Income Growth	-	-	-20.26%	-19.69%	-18.99%	72.73%
Shares Outstanding (Basic)	558	558	558	558	558	558
Shares Outstanding (Diluted)	558	558	558	558	558	558
Shares Change (YoY)	-	-	-	-	-	-0.13%
EPS (Basic)	0.03	-0.05	0.03	0.03	0.04	0.05
EPS (Diluted)	0.03	-0.05	0.03	0.03	0.04	0.05
EPS Growth	-	-	-20.26%	-19.64%	-18.97%	72.81%
Free Cash Flow	27.21	19.2	20.29	33.14	33.39	33.95
Free Cash Flow Per Share	0.05	0.03	0.04	0.06	0.06	0.06
Dividend Per Share	0.020	0.020	0.020	0.020	0.020	0.025
Dividend Growth	-	-	-	-	-20.00%	150.00%
Gross Margin	56.30%	57.36%	54.83%	54.65%	60.81%	59.85%
Operating Margin	40.99%	0.66%	17.55%	16.30%	20.74%	22.28%
Profit Margin	16.38%	-24.30%	13.36%	17.11%	18.96%	24.11%
Free Cash Flow Margin	28.09%	17.82%	19.28%	32.17%	28.84%	30.21%
EBITDA	44.86	5.06	22.79	21.01	28.47	29.68
EBITDA Margin	46.30%	4.70%	21.65%	20.40%	24.59%	26.41%
D&A For EBITDA	5.14	4.35	4.32	4.22	4.46	4.64
EBIT	39.72	0.71	18.47	16.79	24	25.04
EBIT Margin	40.99%	0.66%	17.55%	16.30%	20.74%	22.28%
Effective Tax Rate	7.07%	-	28.95%	13.54%	3.24%	-

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