Vestland 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	777.92	626.09	349.24	304.04	171.08	97.12
Revenue Growth (YoY)	42.66%	79.27%	14.87%	77.71%	76.15%	-1.60%
Cost of Revenue	688.61	547.99	297.92	259.75	147.56	82.79
Gross Profit	89.31	78.1	51.33	44.29	23.53	14.33
Selling, General & Admin	14.8	12.32	8.61	9.65	7.72	2.71
Other Operating Expenses	-	-	-	-	-	0.97
Operating Expenses	14.8	12.32	8.61	9.65	7.72	4.1
Operating Income	74.52	65.78	42.71	34.63	15.8	10.23
Interest Expense	-21.17	-15.1	-7.6	-1.87	-1.73	-1.22
Interest & Investment Income	2	1.7	1.19	0.36	0.15	0.18
Other Non Operating Income (Expenses)	-0.35	-0.47	1.43	1.61	0.37	0.03
EBT Excluding Unusual Items	55	51.91	37.74	34.74	14.59	9.22
Other Unusual Items	-	-	-	-	-	0.4
Pretax Income	55	51.91	37.74	34.74	14.59	9.62
Income Tax Expense	13.94	13.39	9.97	9.63	3.96	2.61
Net Income	41.06	38.52	27.77	25.11	10.64	7.01
Net Income to Common	41.06	38.52	27.77	25.11	10.64	7.01
Net Income Growth	26.02%	38.72%	10.57%	136.10%	51.74%	-2.17%
Shares Outstanding (Basic)	944	944	932	543	-	-
Shares Outstanding (Diluted)	944	944	932	543	-	-
Shares Change (YoY)	1.30%	1.30%	71.65%	-	-	-
EPS (Basic)	0.04	0.04	0.03	0.05	-	-
EPS (Diluted)	0.04	0.04	0.03	0.05	-	-
EPS Growth	24.40%	36.94%	-35.58%	-	-	-
Free Cash Flow	-85.9	-97.29	-120.52	6.2	5.05	-6.6
Free Cash Flow Per Share	-0.09	-0.10	-0.13	0.01	-	-
Gross Margin	11.48%	12.47%	14.70%	14.57%	13.75%	14.75%
Operating Margin	9.58%	10.51%	12.23%	11.39%	9.24%	10.53%
Profit Margin	5.28%	6.15%	7.95%	8.26%	6.22%	7.22%
Free Cash Flow Margin	-11.04%	-15.54%	-34.51%	2.04%	2.95%	-6.80%
EBITDA	76.61	67.71	44.28	35.34	16.62	11.14
EBITDA Margin	9.85%	10.81%	12.68%	11.62%	9.71%	11.47%
D&A For EBITDA	2.09	1.93	1.57	0.7	0.82	0.91
EBIT	74.52	65.78	42.71	34.63	15.8	10.23
EBIT Margin	9.58%	10.51%	12.23%	11.39%	9.24%	10.53%
Effective Tax Rate	25.34%	25.80%	26.42%	27.72%	27.12%	27.13%

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