Northern Solar Holdings Berhad (KLSE:NORTHERN)

KLSE:NORTHERN Income Statement

Financials in millions MYR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Revenue	84.87	77.97	44.67	22.23
Revenue Growth (YoY)	8.84%	74.55%	100.94%	-
Cost of Revenue	52.79	56.39	33.37	17.18
Gross Profit	32.08	21.59	11.31	5.05
Selling, General & Admin	13.96	6.57	3.68	1.66
Other Operating Expenses	-1.04	0.08	0.07	0.04
Operating Expenses	14.23	8.5	3.75	1.7
Operating Income	17.85	13.09	7.55	3.36
Interest Expense	-0.79	-0.54	-0.39	-0.06
Interest & Investment Income	-	0.13	0.01	-
Earnings From Equity Investments	0.01	-0	-	-
Currency Exchange Gain (Loss)	-	0.02	0	0.04
Other Non Operating Income (Expenses)	-0	-	-	-
EBT Excluding Unusual Items	17.06	12.7	7.18	3.33
Gain (Loss) on Sale of Investments	-	-0.01	-	-
Asset Writedown	-	-	-0.02	-
Other Unusual Items	-	0.02	-	-
Pretax Income	17.06	12.71	7.16	3.33
Income Tax Expense	5.66	2.63	1.04	0.23
Earnings From Continuing Operations	11.41	10.09	6.12	3.11
Minority Interest in Earnings	-0	0	-	-
Net Income	11.4	10.09	6.12	3.11
Net Income to Common	11.4	10.09	6.12	3.11
Net Income Growth	13.01%	64.99%	96.88%	-
Shares Outstanding (Basic)	338	1	1	1
Shares Outstanding (Diluted)	396	1	1	1
Shares Change (YoY)	39460.00%	-	-	-
EPS (Basic)	0.03	10.09	6.12	3.11
EPS (Diluted)	0.03	10.09	6.12	3.11
EPS Growth	-99.72%	64.99%	96.88%	-
Free Cash Flow	4.35	0.64	2.25	0.75
Free Cash Flow Per Share	0.01	0.64	2.25	0.75
Gross Margin	37.80%	27.68%	25.31%	22.73%
Operating Margin	21.03%	16.79%	16.91%	15.10%
Profit Margin	13.44%	12.94%	13.69%	13.97%
Free Cash Flow Margin	5.13%	0.82%	5.04%	3.39%
EBITDA	18.46	13.24	7.59	3.37
EBITDA Margin	21.75%	16.98%	16.99%	15.17%
D&A For EBITDA	0.61	0.15	0.04	0.01
EBIT	17.85	13.09	7.55	3.36
EBIT Margin	21.03%	16.79%	16.91%	15.10%
Effective Tax Rate	33.16%	20.65%	14.57%	6.81%

Updated Feb 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.