Panda Eco System 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	43.77	31.16	23.77	20.98	20
Revenue Growth (YoY)	40.47%	31.10%	13.28%	4.89%	22.01%
Cost of Revenue	24.71	13.95	10.84	9.33	8.71
Gross Profit	19.07	17.22	12.92	11.65	11.3
Selling, General & Admin	7.88	6.99	6.95	3.92	2.76
Other Operating Expenses	-0.94	-	-	-	-
Operating Expenses	6.67	7.15	7	3.58	2.51
Operating Income	12.4	10.06	5.92	8.07	8.78
Interest Expense	-0.11	-0.02	-0.01	-0	-0.01
Interest & Investment Income	-	-	-	-	0.09
Other Non Operating Income (Expenses)	-	1.04	0.39	0.41	0.14
EBT Excluding Unusual Items	12.29	11.08	6.31	8.47	9
Gain (Loss) on Sale of Investments	-	-	-	-	1.78
Asset Writedown	-	-	-	-	-0.35
Pretax Income	12.29	11.08	6.31	8.47	10.43
Income Tax Expense	3.53	3	2	1.42	2.53
Earnings From Continuing Operations	8.75	8.08	4.3	7.05	7.9
Minority Interest in Earnings	0.47	-	-	-	-
Net Income	9.22	8.08	4.3	7.05	7.9
Net Income to Common	9.22	8.08	4.3	7.05	7.9
Net Income Growth	14.09%	87.84%	-38.95%	-10.79%	14.98%
Shares Outstanding (Basic)	682	671	573	562	562
Shares Outstanding (Diluted)	682	671	573	562	671
Shares Change (YoY)	1.58%	17.14%	1.97%	-16.28%	-
EPS (Basic)	0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	0.01	0.01	0.01	0.01	0.01
EPS Growth	12.10%	60.37%	-40.13%	4.52%	20.00%
Free Cash Flow	11.67	8.95	3.9	5.95	9.09
Free Cash Flow Per Share	0.02	0.01	0.01	0.01	0.01
Dividend Per Share	0.003	0.003	-	-	-
Gross Margin	43.56%	55.25%	54.37%	55.52%	56.48%
Operating Margin	28.32%	32.29%	24.91%	38.47%	43.91%
Profit Margin	21.07%	25.94%	18.10%	33.59%	39.49%
Free Cash Flow Margin	26.65%	28.72%	16.41%	28.36%	45.45%
EBITDA	13.97	10.32	6.06	8.22	9.01
EBITDA Margin	31.91%	33.11%	25.51%	39.16%	45.04%
D&A For EBITDA	1.57	0.26	0.14	0.15	0.23
EBIT	12.4	10.06	5.92	8.07	8.78
EBIT Margin	28.32%	32.29%	24.91%	38.47%	43.91%
Effective Tax Rate	28.76%	27.07%	31.77%	16.81%	24.26%

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