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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	171.82	143.89	124.88	123.37	136.71	119.71
Revenue Growth (YoY)	40.31%	15.22%	1.23%	-9.76%	14.20%	103.59%
Cost of Revenue	118.48	103.05	99.97	97.41	98.54	83
Gross Profit	53.33	40.84	24.91	25.96	38.17	36.71
Selling, General & Admin	28.55	22.67	18.56	20.57	19.91	14.42
Other Operating Expenses	-1.25	-1.03	-1.24	-0.74	-1.4	-0.02
Operating Expenses	27.29	21.64	17.31	19.76	18.8	15.02
Operating Income	26.04	19.2	7.6	6.2	19.37	21.68
Interest Expense	-0.27	-0.13	-0.16	-0.29	-0.27	-0.2
Interest & Investment Income	-	-	-	-	-	0.4
Currency Exchange Gain (Loss)	-	-	-	-	-	0.09
Pretax Income	25.77	19.07	7.44	5.9	19.1	21.98
Income Tax Expense	8.27	6.47	2.99	2.95	3.7	6.22
Earnings From Continuing Operations	17.5	12.6	4.45	2.96	15.4	15.76
Minority Interest in Earnings	-5.42	-4.29	-1.82	-1.82	-4.28	-3.93
Net Income	12.08	8.31	2.64	1.14	11.12	11.83
Net Income to Common	12.08	8.31	2.64	1.14	11.12	11.83
Net Income Growth	724.75%	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	718.92%	212.77%	92.51%	-89.77%	-	-
Free Cash Flow	16.26	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	31.04%	28.38%	19.95%	21.04%	27.92%	30.66%
Operating Margin	15.16%	13.35%	6.09%	5.02%	14.17%	18.11%
Profit Margin	7.03%	5.77%	2.11%	0.92%	8.13%	9.88%
Free Cash Flow Margin	9.46%	2.09%	4.83%	1.11%	10.65%	4.03%
EBITDA	26.38	19.55	7.95	6.45	19.54	21.79
EBITDA Margin	15.35%	13.58%	6.37%	5.23%	14.30%	18.20%
D&A For EBITDA	0.34	0.34	0.35	0.25	0.18	0.11
EBIT	26.04	19.2	7.6	6.2	19.37	21.68
EBIT Margin	15.16%	13.35%	6.09%	5.02%	14.17%	18.11%
Effective Tax Rate	32.09%	33.94%	40.14%	49.93%	19.36%	28.30%
Advertising Expenses	-	-	-	-	-	7.76

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