VSTECS 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	3,597	2,902	2,727	2,771	2,626
Revenue Growth (YoY)	23.97%	6.40%	-1.57%	5.51%	30.15%
Cost of Revenue	3,369	2,729	2,573	2,621	2,486
Gross Profit	228.34	172.31	153.85	149.78	139.37
Selling, General & Admin	106.28	91.69	79.07	73.29	70.37
Other Operating Expenses	5.6	-5.92	-4.5	-0.1	-1.88
Operating Expenses	111.88	85.78	74.57	73.19	68.78
Operating Income	116.46	86.53	79.28	76.6	70.59
Interest Expense	-0.51	-0.39	-1.27	-0.51	-0.22
Interest & Investment Income	2.83	3.09	1.48	0.47	1.3
Earnings From Equity Investments	6.77	3.91	3.31	3.54	2.73
Currency Exchange Gain (Loss)	3.21	-	-	-	-
EBT Excluding Unusual Items	128.77	93.15	82.8	80.09	74.41
Gain (Loss) on Sale of Investments	-0.02	-	-	-	-
Gain (Loss) on Sale of Assets	0.09	-	-	0.02	0.02
Pretax Income	128.84	93.15	82.8	80.11	74.43
Income Tax Expense	30.66	22.58	15.37	20.43	19.44
Net Income	98.18	70.57	67.43	59.68	54.99
Net Income to Common	98.18	70.57	67.43	59.68	54.99
Net Income Growth	39.13%	4.66%	12.98%	8.53%	49.51%
Shares Outstanding (Basic)	357	357	357	357	357
Shares Outstanding (Diluted)	357	357	357	357	357
Shares Change (YoY)	-	-	-	-0.13%	-0.07%
EPS (Basic)	0.28	0.20	0.19	0.17	0.15
EPS (Diluted)	0.28	0.20	0.19	0.17	0.15
EPS Growth	39.13%	4.66%	12.98%	8.66%	49.62%
Free Cash Flow	-21.5	9.25	105.85	-24	-21.82
Free Cash Flow Per Share	-0.06	0.03	0.30	-0.07	-0.06
Dividend Per Share	0.068	0.069	0.066	0.062	0.052
Dividend Growth	-1.45%	4.54%	6.45%	19.23%	48.57%
Gross Margin	6.35%	5.94%	5.64%	5.41%	5.31%
Operating Margin	3.24%	2.98%	2.91%	2.77%	2.69%
Profit Margin	2.73%	2.43%	2.47%	2.15%	2.09%
Free Cash Flow Margin	-0.60%	0.32%	3.88%	-0.87%	-0.83%
EBITDA	120.85	87.99	80.5	77.57	71.41
EBITDA Margin	3.36%	3.03%	2.95%	2.80%	2.72%
D&A For EBITDA	4.39	1.46	1.22	0.97	0.82
EBIT	116.46	86.53	79.28	76.6	70.59
EBIT Margin	3.24%	2.98%	2.91%	2.77%	2.69%
Effective Tax Rate	23.80%	24.24%	18.56%	25.50%	26.11%

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