Velesto Energy 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	898.57	1,360	1,214	580.85	377.51
Revenue Growth (YoY)	-33.95%	12.08%	108.97%	53.86%	-30.98%
Cost of Revenue	662.08	373.53	488.06	167.53	112.27
Gross Profit	236.48	986.91	725.76	413.32	265.24
Selling, General & Admin	-	280.94	227.4	160.58	119.62
Other Operating Expenses	-1.94	168.21	132.17	129.48	152.75
Operating Expenses	-1.94	691.41	560.81	461.46	429.39
Operating Income	238.43	295.5	164.95	-48.14	-164.14
Interest Expense	-8.31	-34.03	-46.04	-31.84	-40.27
Interest & Investment Income	5.38	6.88	4.13	3.45	2.4
Earnings From Equity Investments	0.22	0.21	0.09	0.16	0.15
Currency Exchange Gain (Loss)	-	2.92	-0.96	-4.92	-4.99
EBT Excluding Unusual Items	235.71	271.49	122.18	-81.29	-206.85
Gain (Loss) on Sale of Investments	-	-	-	-	0.02
Gain (Loss) on Sale of Assets	-	1.47	-0.02	-	2.27
Asset Writedown	-	-5.93	-0.93	-0.48	-438.98
Pretax Income	235.71	267.03	121.23	-81.77	-82.7
Income Tax Expense	33.54	59.32	21.7	18.63	8.13
Earnings From Continuing Operations	202.18	207.71	99.53	-100.4	-90.82
Net Income	202.18	207.71	99.53	-100.4	-90.82
Net Income to Common	202.18	207.71	99.53	-100.4	-90.82
Net Income Growth	-2.66%	108.70%	-	-	-
Shares Outstanding (Basic)	8,216	8,216	8,216	8,216	8,216
Shares Outstanding (Diluted)	8,216	8,216	8,216	8,216	8,216
EPS (Basic)	0.02	0.03	0.01	-0.01	-0.01
EPS (Diluted)	0.02	0.03	0.01	-0.01	-0.01
EPS Growth	-2.70%	108.93%	-	-	-
Free Cash Flow	231.89	364.4	266.34	-150.65	-101.05
Free Cash Flow Per Share	0.03	0.04	0.03	-0.02	-0.01
Dividend Per Share	0.030	0.013	0.003	-	-
Dividend Growth	140.00%	400.00%	-	-	-
Gross Margin	26.32%	72.54%	59.79%	71.16%	70.26%
Operating Margin	26.53%	21.72%	13.59%	-8.29%	-43.48%
Profit Margin	22.50%	15.27%	8.20%	-17.29%	-24.06%
Free Cash Flow Margin	25.81%	26.79%	21.94%	-25.94%	-26.77%
EBITDA	445.81	537.09	362.9	115.9	-10.96
EBITDA Margin	49.61%	39.48%	29.90%	19.95%	-2.90%
D&A For EBITDA	207.38	241.59	197.95	164.03	153.19
EBIT	238.43	295.5	164.95	-48.14	-164.14
EBIT Margin	26.53%	21.72%	13.59%	-8.29%	-43.48%
Effective Tax Rate	14.23%	22.22%	17.90%	-	-

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