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	Jun '25 Jun 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	2020
Revenue	725.17	626.09	349.24	304.04	171.08	97.12	Upgrade
Revenue Growth (YoY)	59.08%	79.27%	14.87%	77.71%	76.15%	-1.60%	Upgrade
Cost of Revenue	637.87	547.99	297.92	259.75	147.56	82.79	Upgrade
Gross Profit	87.3	78.1	51.33	44.29	23.53	14.33	Upgrade
Selling, General & Admin	14.38	12.32	8.61	9.65	7.72	2.71	Upgrade
Other Operating Expenses	-	-	-	-	-	0.97	Upgrade
Operating Expenses	14.38	12.32	8.61	9.65	7.72	4.1	Upgrade
Operating Income	72.92	65.78	42.71	34.63	15.8	10.23	Upgrade
Interest Expense	-19.36	-15.1	-7.6	-1.87	-1.73	-1.22	Upgrade
Interest & Investment Income	1.75	1.7	1.19	0.36	0.15	0.18	Upgrade
Other Non Operating Income (Expenses)	-0.39	-0.47	1.43	1.61	0.37	0.03	Upgrade
EBT Excluding Unusual Items	54.92	51.91	37.74	34.74	14.59	9.22	Upgrade
Other Unusual Items	-	-	-	-	-	0.4	Upgrade
Pretax Income	54.92	51.91	37.74	34.74	14.59	9.62	Upgrade
Income Tax Expense	14.06	13.39	9.97	9.63	3.96	2.61	Upgrade
Net Income	40.86	38.52	27.77	25.11	10.64	7.01	Upgrade
Net Income to Common	40.86	38.52	27.77	25.11	10.64	7.01	Upgrade
Net Income Growth	46.53%	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	44.65%	36.94%	-35.58%	-	-	-	Upgrade
Free Cash Flow	-115.65	-97.29	-120.52	6.2	5.05	-6.6	Upgrade
Free Cash Flow Per Share	-0.12	-0.10	-0.13	0.01	-	-	Upgrade
Gross Margin	12.04%	12.47%	14.70%	14.57%	13.75%	14.75%	Upgrade
Operating Margin	10.06%	10.51%	12.23%	11.39%	9.24%	10.53%	Upgrade
Profit Margin	5.63%	6.15%	7.95%	8.26%	6.22%	7.22%	Upgrade
Free Cash Flow Margin	-15.95%	-15.54%	-34.51%	2.04%	2.95%	-6.80%	Upgrade
EBITDA	74.95	67.71	44.28	35.34	16.62	11.14	Upgrade
EBITDA Margin	10.33%	10.81%	12.68%	11.62%	9.71%	11.47%	Upgrade
D&A For EBITDA	2.03	1.93	1.57	0.7	0.82	0.91	Upgrade
EBIT	72.92	65.78	42.71	34.63	15.8	10.23	Upgrade
EBIT Margin	10.06%	10.51%	12.23%	11.39%	9.24%	10.53%	Upgrade
Effective Tax Rate	25.60%	25.80%	26.42%	27.72%	27.12%	27.13%	Upgrade

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