QES Group 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	266.84	269.58	240.67	264.41	222.84
Revenue Growth (YoY)	-1.01%	12.01%	-8.98%	18.65%	43.56%
Cost of Revenue	200.05	201.75	179.84	193.75	171.33
Gross Profit	66.79	67.83	60.83	70.66	51.51
Selling, General & Admin	34.17	33.23	31.29	31.58	23.07
Other Operating Expenses	9.07	8.71	4.35	4.24	3.63
Operating Expenses	43.24	42.52	35.69	35.82	26.7
Operating Income	23.55	25.3	25.14	34.84	24.82
Interest Expense	-2.23	-2.04	-1.68	-1.37	-0.66
Interest & Investment Income	-	0.94	0.83	0.68	-
Earnings From Equity Investments	-0.59	-0.46	-0.24	-0.63	-0.17
Other Non Operating Income (Expenses)	1.18	-	-	-	-
EBT Excluding Unusual Items	21.91	23.76	24.05	33.52	23.98
Gain (Loss) on Sale of Assets	-	0.94	1.51	0.87	1.4
Pretax Income	21.91	24.7	25.56	34.39	25.39
Income Tax Expense	5.06	7.59	6.4	6.63	5.79
Earnings From Continuing Operations	16.85	17.1	19.16	27.76	19.59
Minority Interest in Earnings	-0.51	0.22	-0.69	-1.34	-0.61
Net Income	16.34	17.32	18.47	26.42	18.99
Net Income to Common	16.34	17.32	18.47	26.42	18.99
Net Income Growth	-5.67%	-6.23%	-30.10%	39.17%	119.23%
Shares Outstanding (Basic)	833	834	834	834	834
Shares Outstanding (Diluted)	833	834	834	834	834
Shares Change (YoY)	-0.09%	-	-	-	8.14%
EPS (Basic)	0.02	0.02	0.02	0.03	0.02
EPS (Diluted)	0.02	0.02	0.02	0.03	0.02
EPS Growth	-5.59%	-6.23%	-30.10%	39.17%	102.73%
Free Cash Flow	21.03	8.75	2.76	1.05	-4.48
Free Cash Flow Per Share	0.03	0.01	0.00	0.00	-0.01
Dividend Per Share	-	0.005	0.005	0.005	0.004
Dividend Growth	-	10.00%	-	25.00%	-
Gross Margin	25.03%	25.16%	25.27%	26.72%	23.12%
Operating Margin	8.82%	9.39%	10.45%	13.18%	11.14%
Profit Margin	6.12%	6.42%	7.67%	9.99%	8.52%
Free Cash Flow Margin	7.88%	3.25%	1.15%	0.40%	-2.01%
EBITDA	31.84	31.01	29.38	38.41	27.33
EBITDA Margin	11.93%	11.50%	12.21%	14.53%	12.26%
D&A For EBITDA	8.3	5.71	4.24	3.56	2.51
EBIT	23.55	25.3	25.14	34.84	24.82
EBIT Margin	8.82%	9.39%	10.45%	13.18%	11.14%
Effective Tax Rate	23.09%	30.75%	25.04%	19.28%	22.81%

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