Pan Merchant Berhad Income Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	114.68	126.04	141.54
Revenue Growth (YoY)	-18.98%	-10.95%	-
Cost of Revenue	76.67	82.56	91.31
Gross Profit	38.01	43.48	50.24
Selling, General & Admin	32.85	32.25	30.89
Other Operating Expenses	3.29	3.25	5.63
Operating Expenses	36.02	35.37	36.73
Operating Income	1.99	8.11	13.51
Interest Expense	-1.19	-1.14	-1.9
Pretax Income	0.8	6.97	11.61
Income Tax Expense	1.56	1.72	3.61
Earnings From Continuing Operations	-0.76	5.25	8
Minority Interest in Earnings	0.33	-0.28	-0.33
Net Income	-0.43	4.97	7.68
Net Income to Common	-0.43	4.97	7.68
Net Income Growth	-	-35.30%	-
Shares Outstanding (Basic)	859	801	684
Shares Outstanding (Diluted)	859	801	684
Shares Change (YoY)	25.61%	17.12%	-
EPS (Basic)	-0.00	0.01	0.01
EPS (Diluted)	-0.00	0.01	0.01
EPS Growth	-	-44.64%	-
Free Cash Flow	-1.82	8.09	9.52
Free Cash Flow Per Share	-0.00	0.01	0.01
Dividend Per Share	0.002	0.002	-
Gross Margin	33.14%	34.49%	35.49%
Operating Margin	1.73%	6.43%	9.54%
Profit Margin	-0.38%	3.94%	5.42%
Free Cash Flow Margin	-1.59%	6.42%	6.72%
EBITDA	4.4	10.56	15.72
EBITDA Margin	3.83%	8.38%	11.10%
D&A For EBITDA	2.41	2.45	2.21
EBIT	1.99	8.11	13.51
EBIT Margin	1.73%	6.43%	9.54%
Effective Tax Rate	195.60%	24.64%	31.06%