Vestland 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	783.13	626.09	349.24	304.04	171.08
Revenue Growth (YoY)	25.08%	79.27%	14.87%	77.71%	76.15%
Cost of Revenue	702.14	547.99	297.92	259.75	147.56
Gross Profit	81	78.1	51.33	44.29	23.53
Selling, General & Admin	13.02	12.32	8.61	9.65	7.72
Operating Expenses	13.02	12.32	8.61	9.65	7.72
Operating Income	67.98	65.78	42.71	34.63	15.8
Interest Expense	-24.19	-15.1	-7.6	-1.87	-1.73
Interest & Investment Income	2.08	1.7	1.19	0.36	0.15
Other Non Operating Income (Expenses)	1.19	-0.47	1.43	1.61	0.37
EBT Excluding Unusual Items	47.07	51.91	37.74	34.74	14.59
Pretax Income	47.07	51.91	37.74	34.74	14.59
Income Tax Expense	12.02	13.39	9.97	9.63	3.96
Net Income	35.04	38.52	27.77	25.11	10.64
Net Income to Common	35.04	38.52	27.77	25.11	10.64
Net Income Growth	-9.02%	38.72%	10.57%	136.10%	51.74%
Shares Outstanding (Basic)	944	944	932	543	-
Shares Outstanding (Diluted)	944	944	932	543	-
Shares Change (YoY)	-	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	-9.02%	36.94%	-35.58%	-	-
Free Cash Flow	-54.55	-97.29	-120.52	6.2	5.05
Free Cash Flow Per Share	-0.06	-0.10	-0.13	0.01	-
Gross Margin	10.34%	12.47%	14.70%	14.57%	13.75%
Operating Margin	8.68%	10.51%	12.23%	11.39%	9.24%
Profit Margin	4.47%	6.15%	7.95%	8.26%	6.22%
Free Cash Flow Margin	-6.97%	-15.54%	-34.51%	2.04%	2.95%
EBITDA	70.11	67.71	44.28	35.34	16.62
EBITDA Margin	8.95%	10.81%	12.68%	11.62%	9.71%
D&A For EBITDA	2.13	1.93	1.57	0.7	0.82
EBIT	67.98	65.78	42.71	34.63	15.8
EBIT Margin	8.68%	10.51%	12.23%	11.39%	9.24%
Effective Tax Rate	25.55%	25.80%	26.42%	27.72%	27.12%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.