Vestland Berhad (KLSE:VLB)

Vestland Berhad Income Statement

Financials in millions MYR. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	626.09	349.24	304.04	171.08	97.12
Revenue Growth (YoY)	79.27%	14.87%	77.71%	76.15%	-1.60%
Cost of Revenue	548	297.92	259.75	147.56	82.79
Gross Profit	78.09	51.33	44.29	23.53	14.33
Selling, General & Admin	12.32	8.61	9.65	7.72	2.71
Other Operating Expenses	-	-	-	-	0.97
Operating Expenses	12.32	8.61	9.65	7.72	4.1
Operating Income	65.77	42.71	34.63	15.8	10.23
Interest Expense	-16.57	-7.6	-1.87	-1.73	-1.22
Interest & Investment Income	1.7	1.19	0.36	0.15	0.18
Other Non Operating Income (Expenses)	1	1.43	1.61	0.37	0.03
EBT Excluding Unusual Items	51.9	37.74	34.74	14.59	9.22
Other Unusual Items	-	-	-	-	0.4
Pretax Income	51.9	37.74	34.74	14.59	9.62
Income Tax Expense	13.39	9.97	9.63	3.96	2.61
Net Income	38.5	27.77	25.11	10.64	7.01
Net Income to Common	38.5	27.77	25.11	10.64	7.01
Net Income Growth	38.67%	10.57%	136.10%	51.74%	-2.17%
Shares Outstanding (Basic)	944	932	543	-	-
Shares Outstanding (Diluted)	944	932	543	-	-
Shares Change (YoY)	1.30%	71.65%	-	-	-
EPS (Basic)	0.04	0.03	0.05	-	-
EPS (Diluted)	0.04	0.03	0.05	-	-
EPS Growth	36.89%	-35.58%	-	-	-
Free Cash Flow	-97.29	-120.52	6.2	5.05	-6.6
Free Cash Flow Per Share	-0.10	-0.13	0.01	-	-
Gross Margin	12.47%	14.70%	14.57%	13.75%	14.75%
Operating Margin	10.50%	12.23%	11.39%	9.24%	10.53%
Profit Margin	6.15%	7.95%	8.26%	6.22%	7.22%
Free Cash Flow Margin	-15.54%	-34.51%	2.04%	2.95%	-6.80%
EBITDA	67.7	44.28	35.34	16.62	11.14
EBITDA Margin	10.81%	12.68%	11.62%	9.71%	11.47%
D&A For EBITDA	1.93	1.57	0.7	0.82	0.91
EBIT	65.77	42.71	34.63	15.8	10.23
EBIT Margin	10.50%	12.23%	11.39%	9.24%	10.53%
Effective Tax Rate	25.81%	26.42%	27.72%	27.12%	27.13%

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