Pappajack 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	128.28	117.95	109.42	69.96	54.12	30.77
Revenue Growth (YoY)	9.88%	7.80%	56.39%	29.26%	75.91%	60.20%
Cost of Revenue	76.04	72.39	71.99	47.66	39.78	16.95
Gross Profit	52.24	45.56	37.43	22.3	14.35	13.82
Selling, General & Admin	11.17	10.59	8.17	7.13	3.72	2.33
Other Operating Expenses	0.19	-0.25	-0.68	-0.16	-0.12	-0.36
Operating Expenses	11.64	10.34	7.49	6.97	3.6	1.97
Operating Income	40.59	35.22	29.94	15.33	10.75	11.85
Interest Expense	-3.5	-2.35	-2.26	-0.86	-0.54	-0.74
Interest & Investment Income	0.71	0.71	0.68	0.1	0	0.01
Pretax Income	37.8	33.58	28.36	14.57	10.21	11.11
Income Tax Expense	10.25	9.58	8.35	4.46	3.44	2.91
Earnings From Continuing Operations	27.55	24	20.01	10.12	6.77	8.2
Minority Interest in Earnings	-	-	-0.02	-0.03	0.02	0
Net Income	27.55	24	19.99	10.09	6.79	8.21
Net Income to Common	27.55	24	19.99	10.09	6.79	8.21
Net Income Growth	21.37%	20.09%	98.12%	48.66%	-17.32%	318.35%
Shares Outstanding (Basic)	768	768	720	591	103	103
Shares Outstanding (Diluted)	768	768	720	591	103	103
Shares Change (YoY)	-0.09%	6.71%	21.88%	472.19%	-	68.68%
EPS (Basic)	0.04	0.03	0.03	0.02	0.07	0.08
EPS (Diluted)	0.04	0.03	0.03	0.02	0.07	0.08
EPS Growth	21.48%	12.53%	62.56%	-74.02%	-17.32%	148.02%
Free Cash Flow	-46.54	-20.27	-15.11	-63.03	1.97	-39.53
Free Cash Flow Per Share	-0.06	-0.03	-0.02	-0.11	0.02	-0.38
Dividend Per Share	0.015	0.010	0.005	-	-	-
Dividend Growth	50.00%	100.00%	-	-	-	-
Gross Margin	40.72%	38.63%	34.21%	31.87%	26.51%	44.91%
Operating Margin	31.64%	29.86%	27.36%	21.92%	19.86%	38.50%
Profit Margin	21.47%	20.35%	18.27%	14.42%	12.54%	26.68%
Free Cash Flow Margin	-36.28%	-17.18%	-13.81%	-90.08%	3.64%	-128.47%
EBITDA	42.71	36.49	31	16.26	11.6	12.47
EBITDA Margin	33.30%	30.94%	28.33%	23.24%	21.43%	40.52%
D&A For EBITDA	2.12	1.27	1.06	0.93	0.85	0.62
EBIT	40.59	35.22	29.94	15.33	10.75	11.85
EBIT Margin	31.64%	29.86%	27.36%	21.92%	19.86%	38.50%
Effective Tax Rate	27.13%	28.53%	29.44%	30.58%	33.67%	26.16%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.