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	2020
Period Ending	Mar '25 Mar 31, 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	2020
Revenue	659.45	626.09	349.24	304.04	171.08	97.12	Upgrade
Revenue Growth (YoY)	71.46%	79.27%	14.87%	77.71%	76.15%	-1.60%	Upgrade
Cost of Revenue	577.05	547.99	297.92	259.75	147.56	82.79	Upgrade
Gross Profit	82.41	78.1	51.33	44.29	23.53	14.33	Upgrade
Selling, General & Admin	13.89	12.32	8.61	9.65	7.72	2.71	Upgrade
Other Operating Expenses	-	-	-	-	-	0.97	Upgrade
Operating Expenses	13.89	12.32	8.61	9.65	7.72	4.1	Upgrade
Operating Income	68.52	65.78	42.71	34.63	15.8	10.23	Upgrade
Interest Expense	-17.59	-15.1	-7.6	-1.87	-1.73	-1.22	Upgrade
Interest & Investment Income	1.74	1.7	1.19	0.36	0.15	0.18	Upgrade
Other Non Operating Income (Expenses)	-0.44	-0.47	1.43	1.61	0.37	0.03	Upgrade
EBT Excluding Unusual Items	52.23	51.91	37.74	34.74	14.59	9.22	Upgrade
Other Unusual Items	-	-	-	-	-	0.4	Upgrade
Pretax Income	52.23	51.91	37.74	34.74	14.59	9.62	Upgrade
Income Tax Expense	13.46	13.39	9.97	9.63	3.96	2.61	Upgrade
Net Income	38.78	38.52	27.77	25.11	10.64	7.01	Upgrade
Net Income to Common	38.78	38.52	27.77	25.11	10.64	7.01	Upgrade
Net Income Growth	41.71%	38.72%	10.57%	136.10%	51.74%	-2.17%	Upgrade
Shares Outstanding (Basic)	944	944	932	543	-	-	Upgrade
Shares Outstanding (Diluted)	944	944	932	543	-	-	Upgrade
Shares Change (YoY)	1.30%	1.30%	71.65%	-	-	-	Upgrade
EPS (Basic)	0.04	0.04	0.03	0.05	-	-	Upgrade
EPS (Diluted)	0.04	0.04	0.03	0.05	-	-	Upgrade
EPS Growth	39.89%	36.94%	-35.58%	-	-	-	Upgrade
Free Cash Flow	-102.84	-97.29	-120.52	6.2	5.05	-6.6	Upgrade
Free Cash Flow Per Share	-0.11	-0.10	-0.13	0.01	-	-	Upgrade
Gross Margin	12.50%	12.47%	14.70%	14.57%	13.75%	14.75%	Upgrade
Operating Margin	10.39%	10.51%	12.23%	11.39%	9.24%	10.53%	Upgrade
Profit Margin	5.88%	6.15%	7.95%	8.26%	6.22%	7.22%	Upgrade
Free Cash Flow Margin	-15.60%	-15.54%	-34.51%	2.04%	2.95%	-6.80%	Upgrade
EBITDA	70.5	67.71	44.28	35.34	16.62	11.14	Upgrade
EBITDA Margin	10.69%	10.81%	12.68%	11.62%	9.71%	11.47%	Upgrade
D&A For EBITDA	1.98	1.93	1.57	0.7	0.82	0.91	Upgrade
EBIT	68.52	65.78	42.71	34.63	15.8	10.23	Upgrade
EBIT Margin	10.39%	10.51%	12.23%	11.39%	9.24%	10.53%	Upgrade
Effective Tax Rate	25.76%	25.80%	26.42%	27.72%	27.12%	27.13%	Upgrade

Updated Feb 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.