KLSE:TIENWAH 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	269.25	276.77	270.38	243.96	252.25	277.39
Revenue Growth (YoY)	-6.74%	2.36%	10.83%	-3.28%	-9.07%	-19.89%
Cost of Revenue	231.35	233.79	230.08	217.99	212.18	245.27
Gross Profit	37.9	42.98	40.3	25.97	40.07	32.12
Selling, General & Admin	28.41	28.32	28.47	30.17	27.02	28.67
Other Operating Expenses	-0.34	-1.11	-4.68	-5.24	-2.07	-8.56
Operating Expenses	28.18	27.32	24.57	25.1	27	20.11
Operating Income	9.72	15.66	15.74	0.87	13.07	12.02
Interest Expense	-2.42	-2.08	-3.55	-2.89	-4.18	-7.23
Interest & Investment Income	0.02	0.03	0.15	0.04	0.03	0.17
Earnings From Equity Investments	-0.74	-1.84	-1.26	-0.68	0.05	-1.12
EBT Excluding Unusual Items	6.58	11.78	11.07	-2.67	8.97	3.84
Asset Writedown	8.36	8.36	1.65	-11.37	-	-
Pretax Income	14.94	20.14	12.72	-14.03	8.97	3.84
Income Tax Expense	0.9	2.53	2.93	1.94	4.02	1
Earnings From Continuing Operations	14.04	17.61	9.79	-15.97	4.95	2.84
Minority Interest in Earnings	-0.26	-3.41	-1.21	0.76	1.32	-4.02
Net Income	13.79	14.2	8.58	-15.21	6.26	-1.18
Net Income to Common	13.79	14.2	8.58	-15.21	6.26	-1.18
Net Income Growth	97.04%	65.45%	-	-	-	-
Shares Outstanding (Basic)	145	145	145	145	145	145
Shares Outstanding (Diluted)	145	145	145	145	145	145
EPS (Basic)	0.10	0.10	0.06	-0.11	0.04	-0.01
EPS (Diluted)	0.10	0.10	0.06	-0.11	0.04	-0.01
EPS Growth	97.04%	65.45%	-	-	-	-
Free Cash Flow	-0.49	-3.98	11.63	21.21	39.3	77.02
Free Cash Flow Per Share	-0.00	-0.03	0.08	0.15	0.27	0.53
Dividend Per Share	0.056	0.056	0.056	0.056	0.056	0.055
Dividend Growth	-	-	-	-	1.82%	-
Gross Margin	14.08%	15.53%	14.90%	10.64%	15.89%	11.58%
Operating Margin	3.61%	5.66%	5.82%	0.36%	5.18%	4.33%
Profit Margin	5.12%	5.13%	3.17%	-6.24%	2.48%	-0.42%
Free Cash Flow Margin	-0.18%	-1.44%	4.30%	8.69%	15.58%	27.77%
EBITDA	41.68	47.54	47.27	36.49	49.33	53.39
EBITDA Margin	15.48%	17.18%	17.48%	14.96%	19.55%	19.25%
D&A For EBITDA	31.96	31.88	31.53	35.63	36.26	41.38
EBIT	9.72	15.66	15.74	0.87	13.07	12.02
EBIT Margin	3.61%	5.66%	5.82%	0.36%	5.18%	4.33%
Effective Tax Rate	6.02%	12.55%	23.04%	-	44.84%	25.98%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.