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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	3,322	2,902	2,727	2,771	2,626	2,017
Revenue Growth (YoY)	14.95%	6.40%	-1.57%	5.51%	30.15%	11.94%
Cost of Revenue	3,116	2,729	2,573	2,621	2,486	1,911
Gross Profit	205.7	172.31	153.85	149.78	139.37	106
Selling, General & Admin	101.73	91.69	79.07	73.29	70.37	63.45
Other Operating Expenses	-2	-7.09	-5.84	-0.18	-1.88	-1.82
Operating Expenses	100.9	85.78	74.57	73.19	68.78	61.84
Operating Income	104.8	86.53	79.28	76.6	70.59	44.16
Interest Expense	-0.35	-0.39	-1.27	-0.51	-0.22	-0.12
Interest & Investment Income	3.07	3.09	1.48	0.47	1.3	1.68
Earnings From Equity Investments	4.44	3.91	3.31	3.54	2.73	2.76
EBT Excluding Unusual Items	112.71	93.15	82.8	80.09	74.41	48.48
Gain (Loss) on Sale of Assets	-0.08	-	-	0.02	0.02	-
Pretax Income	112.62	93.15	82.8	80.11	74.43	48.48
Income Tax Expense	27.49	22.58	15.37	20.43	19.44	11.7
Net Income	85.13	70.57	67.43	59.68	54.99	36.78
Net Income to Common	85.13	70.57	67.43	59.68	54.99	36.78
Net Income Growth	16.08%	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)	0.24	0.20	0.19	0.17	0.15	0.10
EPS (Diluted)	0.24	0.20	0.19	0.17	0.15	0.10
EPS Growth	16.08%	4.66%	12.98%	8.66%	49.62%	24.94%
Free Cash Flow	-60.09	9.25	105.85	-24	-21.82	36.89
Free Cash Flow Per Share	-0.17	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%	6.45%	19.23%	48.57%	27.27%
Gross Margin	6.19%	5.94%	5.64%	5.41%	5.31%	5.25%
Operating Margin	3.16%	2.98%	2.91%	2.77%	2.69%	2.19%
Profit Margin	2.56%	2.43%	2.47%	2.15%	2.09%	1.82%
Free Cash Flow Margin	-1.81%	0.32%	3.88%	-0.87%	-0.83%	1.83%
EBITDA	106.88	87.99	80.5	77.57	71.41	45.2
EBITDA Margin	3.22%	3.03%	2.95%	2.80%	2.72%	2.24%
D&A For EBITDA	2.08	1.46	1.22	0.97	0.82	1.04
EBIT	104.8	86.53	79.28	76.6	70.59	44.16
EBIT Margin	3.16%	2.98%	2.91%	2.77%	2.69%	2.19%
Effective Tax Rate	24.41%	24.24%	18.56%	25.50%	26.11%	24.13%

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