Wellspire Holdings Berhad (KLSE:WELLS)

Wellspire Holdings 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	166.6	143.89	124.88	123.37	136.71	119.71
Revenue Growth (YoY)	40.01%	15.22%	1.23%	-9.76%	14.20%	103.59%
Cost of Revenue	114.09	103.05	99.97	97.41	98.54	83
Gross Profit	52.51	40.84	24.91	25.96	38.17	36.71
Selling, General & Admin	26.24	22.67	18.56	20.57	19.91	14.42
Other Operating Expenses	-0.89	-1.03	-1.24	-0.74	-1.4	-0.02
Operating Expenses	25.33	21.64	17.31	19.76	18.8	15.02
Operating Income	27.18	19.2	7.6	6.2	19.37	21.68
Interest Expense	-0.2	-0.13	-0.16	-0.29	-0.27	-0.2
Interest & Investment Income	-	-	-	-	-	0.4
Currency Exchange Gain (Loss)	-	-	-	-	-	0.09
Pretax Income	26.97	19.07	7.44	5.9	19.1	21.98
Income Tax Expense	8.9	6.47	2.99	2.95	3.7	6.22
Earnings From Continuing Operations	18.07	12.6	4.45	2.96	15.4	15.76
Minority Interest in Earnings	-5.7	-4.29	-1.82	-1.82	-4.28	-3.93
Net Income	12.37	8.31	2.64	1.14	11.12	11.83
Net Income to Common	12.37	8.31	2.64	1.14	11.12	11.83
Net Income Growth	806.34%	214.95%	131.64%	-89.76%	-6.00%	279.61%
Shares Outstanding (Basic)	712	712	707	588	588	-
Shares Outstanding (Diluted)	712	712	707	588	588	-
Shares Change (YoY)	0.72%	0.72%	20.34%	-	-	-
EPS (Basic)	0.02	0.01	0.00	0.00	0.02	-
EPS (Diluted)	0.02	0.01	0.00	0.00	0.02	-
EPS Growth	800.21%	212.77%	92.51%	-89.77%	-	-
Free Cash Flow	11.87	3.01	6.03	1.37	14.56	4.82
Free Cash Flow Per Share	0.02	0.00	0.01	0.00	0.03	-
Gross Margin	31.52%	28.38%	19.95%	21.04%	27.92%	30.66%
Operating Margin	16.31%	13.35%	6.09%	5.02%	14.17%	18.11%
Profit Margin	7.43%	5.77%	2.11%	0.92%	8.13%	9.88%
Free Cash Flow Margin	7.12%	2.09%	4.83%	1.11%	10.65%	4.03%
EBITDA	27.53	19.55	7.95	6.45	19.54	21.79
EBITDA Margin	16.52%	13.58%	6.37%	5.23%	14.30%	18.20%
D&A For EBITDA	0.35	0.34	0.35	0.25	0.18	0.11
EBIT	27.18	19.2	7.6	6.2	19.37	21.68
EBIT Margin	16.31%	13.35%	6.09%	5.02%	14.17%	18.11%
Effective Tax Rate	33.00%	33.94%	40.14%	49.93%	19.36%	28.30%
Advertising Expenses	-	-	-	-	-	7.76

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.