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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	155.65	143.89	124.88	123.37	136.71	119.71
Revenue Growth (YoY)	29.81%	15.22%	1.23%	-9.76%	14.20%	103.59%
Cost of Revenue	108.52	103.05	99.97	97.41	98.54	83
Gross Profit	47.14	40.84	24.91	25.96	38.17	36.71
Selling, General & Admin	24.5	22.67	18.56	20.57	19.91	14.42
Other Operating Expenses	-1.02	-1.03	-1.24	-0.74	-1.4	-0.02
Operating Expenses	23.48	21.64	17.31	19.76	18.8	15.02
Operating Income	23.65	19.2	7.6	6.2	19.37	21.68
Interest Expense	-0.16	-0.13	-0.16	-0.29	-0.27	-0.2
Interest & Investment Income	-	-	-	-	-	0.4
Currency Exchange Gain (Loss)	-	-	-	-	-	0.09
Pretax Income	23.5	19.07	7.44	5.9	19.1	21.98
Income Tax Expense	7.82	6.47	2.99	2.95	3.7	6.22
Earnings From Continuing Operations	15.67	12.6	4.45	2.96	15.4	15.76
Minority Interest in Earnings	-5.1	-4.29	-1.82	-1.82	-4.28	-3.93
Net Income	10.57	8.31	2.64	1.14	11.12	11.83
Net Income to Common	10.57	8.31	2.64	1.14	11.12	11.83
Net Income Growth	384.64%	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)	0.01	0.01	0.00	0.00	0.02	-
EPS (Diluted)	0.01	0.01	0.00	0.00	0.02	-
EPS Growth	381.13%	212.77%	92.51%	-89.77%	-	-
Free Cash Flow	5.93	3.01	6.03	1.37	14.56	4.82
Free Cash Flow Per Share	0.01	0.00	0.01	0.00	0.03	-
Gross Margin	30.28%	28.38%	19.95%	21.04%	27.92%	30.66%
Operating Margin	15.20%	13.35%	6.09%	5.02%	14.17%	18.11%
Profit Margin	6.79%	5.77%	2.11%	0.92%	8.13%	9.88%
Free Cash Flow Margin	3.81%	2.09%	4.83%	1.11%	10.65%	4.03%
EBITDA	24	19.55	7.95	6.45	19.54	21.79
EBITDA Margin	15.42%	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	23.65	19.2	7.6	6.2	19.37	21.68
EBIT Margin	15.20%	13.35%	6.09%	5.02%	14.17%	18.11%
Effective Tax Rate	33.29%	33.94%	40.14%	49.93%	19.36%	28.30%
Advertising Expenses	-	-	-	-	-	7.76

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.