VSTECS Berhad (KLSE:VSTECS)

VSTECS Berhad Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,977	2,902	2,727	2,771	2,626	2,017
Revenue Growth (YoY)	11.13%	6.40%	-1.57%	5.51%	30.15%	11.94%
Cost of Revenue	2,796	2,729	2,573	2,621	2,486	1,911
Gross Profit	181.21	172.31	153.85	149.78	139.37	106
Selling, General & Admin	94.36	91.69	79.07	73.29	70.37	63.45
Other Operating Expenses	-5.25	-7.09	-5.84	-0.18	-1.88	-1.82
Operating Expenses	90.28	85.78	74.57	73.19	68.78	61.84
Operating Income	90.93	86.53	79.28	76.6	70.59	44.16
Interest Expense	-0.23	-0.39	-1.27	-0.51	-0.22	-0.12
Interest & Investment Income	3.06	3.09	1.48	0.47	1.3	1.68
Earnings From Equity Investments	4.18	3.91	3.31	3.54	2.73	2.76
EBT Excluding Unusual Items	97.54	93.15	82.8	80.09	74.41	48.48
Gain (Loss) on Sale of Assets	-0.03	-	-	0.02	0.02	-
Pretax Income	97.49	93.15	82.8	80.11	74.43	48.48
Income Tax Expense	23.5	22.58	15.37	20.43	19.44	11.7
Net Income	74	70.57	67.43	59.68	54.99	36.78
Net Income to Common	74	70.57	67.43	59.68	54.99	36.78
Net Income Growth	10.61%	4.66%	12.98%	8.53%	49.51%	24.29%
Shares Outstanding (Basic)	357	357	357	357	357	357
Shares Outstanding (Diluted)	357	357	357	357	357	357
Shares Change (YoY)	-	-	-	-0.13%	-0.07%	-0.53%
EPS (Basic)	0.21	0.20	0.19	0.17	0.15	0.10
EPS (Diluted)	0.21	0.20	0.19	0.17	0.15	0.10
EPS Growth	10.61%	4.66%	12.98%	8.66%	49.62%	24.94%
Free Cash Flow	70.73	9.25	105.85	-24	-21.82	36.89
Free Cash Flow Per Share	0.20	0.03	0.30	-0.07	-0.06	0.10
Dividend Per Share	0.069	0.069	0.066	0.062	0.052	0.035
Dividend Growth	4.54%	4.54%	6.45%	19.23%	48.57%	27.27%
Gross Margin	6.09%	5.94%	5.64%	5.41%	5.31%	5.25%
Operating Margin	3.05%	2.98%	2.91%	2.77%	2.69%	2.19%
Profit Margin	2.49%	2.43%	2.47%	2.15%	2.09%	1.82%
Free Cash Flow Margin	2.38%	0.32%	3.88%	-0.87%	-0.83%	1.83%
EBITDA	92.46	87.99	80.5	77.57	71.41	45.2
EBITDA Margin	3.11%	3.03%	2.95%	2.80%	2.72%	2.24%
D&A For EBITDA	1.53	1.46	1.22	0.97	0.82	1.04
EBIT	90.93	86.53	79.28	76.6	70.59	44.16
EBIT Margin	3.05%	2.98%	2.91%	2.77%	2.69%	2.19%
Effective Tax Rate	24.10%	24.24%	18.56%	25.50%	26.11%	24.13%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.