Pappajack 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	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	137.62	134.16	117.95	109.42	69.96	54.12
Revenue Growth (YoY)	12.97%	13.74%	7.80%	56.39%	29.26%	75.91%
Cost of Revenue	74.99	76.9	72.39	71.99	47.66	39.78
Gross Profit	62.63	57.26	45.56	37.43	22.3	14.35
Selling, General & Admin	12.19	11.81	10.59	8.17	7.13	3.72
Other Operating Expenses	-0.63	-0.65	-0.25	-0.68	-0.16	-0.12
Operating Expenses	12.25	11.92	10.34	7.49	6.97	3.6
Operating Income	50.37	45.34	35.22	29.94	15.33	10.75
Interest Expense	-6.34	-5.29	-2.35	-2.26	-0.86	-0.54
Interest & Investment Income	-	-	0.71	0.68	0.1	0
Pretax Income	44.03	40.05	33.58	28.36	14.57	10.21
Income Tax Expense	13.18	11.99	9.58	8.35	4.46	3.44
Earnings From Continuing Operations	30.85	28.06	24	20.01	10.12	6.77
Minority Interest in Earnings	-	-	-	-0.02	-0.03	0.02
Net Income	30.85	28.06	24	19.99	10.09	6.79
Net Income to Common	30.85	28.06	24	19.99	10.09	6.79
Net Income Growth	23.30%	16.90%	20.09%	98.12%	48.66%	-17.32%
Shares Outstanding (Basic)	767	768	768	720	591	103
Shares Outstanding (Diluted)	767	768	768	720	591	103
Shares Change (YoY)	-0.30%	-	6.71%	21.88%	472.19%	-
EPS (Basic)	0.04	0.04	0.03	0.03	0.02	0.07
EPS (Diluted)	0.04	0.04	0.03	0.03	0.02	0.07
EPS Growth	23.67%	16.90%	12.53%	62.56%	-74.02%	-17.32%
Free Cash Flow	-76.42	-61.67	-20.27	-15.11	-63.03	1.97
Free Cash Flow Per Share	-0.10	-0.08	-0.03	-0.02	-0.11	0.02
Dividend Per Share	0.018	0.018	0.010	0.005	-	-
Dividend Growth	250.00%	75.00%	100.00%	-	-	-
Gross Margin	45.51%	42.68%	38.63%	34.21%	31.87%	26.51%
Operating Margin	36.60%	33.79%	29.86%	27.36%	21.92%	19.86%
Profit Margin	22.42%	20.91%	20.35%	18.27%	14.42%	12.54%
Free Cash Flow Margin	-55.53%	-45.97%	-17.18%	-13.81%	-90.08%	3.64%
EBITDA	55.16	49.83	36.49	31	16.26	11.6
EBITDA Margin	40.08%	37.14%	30.94%	28.33%	23.24%	21.43%
D&A For EBITDA	4.79	4.49	1.27	1.06	0.93	0.85
EBIT	50.37	45.34	35.22	29.94	15.33	10.75
EBIT Margin	36.60%	33.79%	29.86%	27.36%	21.92%	19.86%
Effective Tax Rate	29.94%	29.93%	28.53%	29.44%	30.58%	33.67%

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