N2N Connect Berhad Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	93.93	107.73	105.24	103.01	115.76
Revenue Growth (YoY)	-12.81%	2.37%	2.17%	-11.01%	3.00%
Cost of Revenue	42.43	45.94	47.54	46.72	45.36
Gross Profit	51.5	61.79	57.7	56.29	70.4
Selling, General & Admin	47.66	66.96	45.97	44.06	48.89
Other Operating Expenses	-4.26	-5.88	-6.73	-4.56	-2.49
Operating Expenses	43.4	61.08	39.24	39.5	46.39
Operating Income	8.1	0.71	18.47	16.79	24
Interest Expense	-0.05	-0.1	-0.07	-0.06	-0.32
Earnings From Equity Investments	7.51	0.65	1.34	4.94	-2.67
EBT Excluding Unusual Items	15.57	1.26	19.73	21.67	21.01
Impairment of Goodwill	-	-27	-0.4	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	0.04
Pretax Income	15.57	-25.74	19.33	21.67	21.05
Income Tax Expense	2.54	0.77	5.59	2.93	0.68
Earnings From Continuing Operations	13.03	-26.51	13.73	18.73	20.37
Minority Interest in Earnings	0.18	0.34	0.32	-1.1	1.58
Net Income	13.21	-26.17	14.06	17.63	21.95
Net Income to Common	13.21	-26.17	14.06	17.63	21.95
Net Income Growth	-	-	-20.26%	-19.69%	-18.99%
Shares Outstanding (Basic)	558	558	558	558	558
Shares Outstanding (Diluted)	558	558	558	558	558
EPS (Basic)	0.02	-0.05	0.03	0.03	0.04
EPS (Diluted)	0.02	-0.05	0.03	0.03	0.04
EPS Growth	-	-	-20.26%	-19.64%	-18.97%
Free Cash Flow	17.32	19.2	20.29	33.14	33.39
Free Cash Flow Per Share	0.03	0.03	0.04	0.06	0.06
Dividend Per Share	0.020	0.020	0.020	0.020	0.020
Dividend Growth	-	-	-	-	-20.00%
Gross Margin	54.83%	57.36%	54.83%	54.65%	60.81%
Operating Margin	8.63%	0.66%	17.55%	16.30%	20.74%
Profit Margin	14.06%	-24.30%	13.36%	17.11%	18.96%
Free Cash Flow Margin	18.44%	17.82%	19.28%	32.17%	28.84%
EBITDA	13.17	5.06	22.79	21.01	28.47
EBITDA Margin	14.02%	4.70%	21.65%	20.40%	24.59%
D&A For EBITDA	5.06	4.35	4.32	4.22	4.46
EBIT	8.1	0.71	18.47	16.79	24
EBIT Margin	8.63%	0.66%	17.55%	16.30%	20.74%
Effective Tax Rate	16.28%	-	28.95%	13.54%	3.24%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.